Posted on 10/18/2021 2:03:42 PM PDT by SunkenCiv
...Even so, stocks have seen huge gains relative to wages. What then to make of the growth of the Dow? The more-than-fivefold gains for the tech-heavy Nasdaq? Is it a sign of an economic system badly tilted toward the wealthy? Proof that financial markets exist in an alternate universe of capitalism, ever expanding as the prospects for so many millions continue shrinking?
These days the politically fashionable solution is to ratchet up the corporate tax rate from the current rate of 21 percent to as high as 28 percent, raise the rate on long-term capital gains from 20 percent to as high as 39.6 percent and potentially tax some unrealized gains as well. But while the urge to penalize thriving companies and investments may be a justifiable reaction to the wage-stock market disjuncture, taxes will do little to address the systemic problems separating the haves from the have-nots.
(Excerpt) Read more at nytimes.com ...
The market does not always go up It can also crash as we saw in 2008 and 2009. Market gains only happen if investors are willing to take risks.
Dow hasn’t changed much since end of April ‘21. All of Joe Potato’s gain happened the 1st 3 months, since then nothing.
6 months to $181 😃
When the fed raises interest rates, POP.
Yep, goes up 350, drops 350 next day, then rises 200 and then drops 200 day after.
It has been stagnant for a long while.
This SOB won’t be happy till everyone is poor.
Can’t help but wonder how much, if anything, has this chump done for the “have nots”?
My family fed and clothed the homeless and took in prisoners to help them get back on their feet; during the Depression my grandmother fed the hobos.
” alternate universe of capitalism”
There’s the money line, these commies can’t stand that some people are successful and others aren’t.
No, what they want is to have their foot on our necks.
My guess is, give or take the next roll-out — which his likely to be a new, higher-end Mac Mini, and/or spec bumped or new, higher-end M1 Pro iMacs — the stock will blow by $181 on its way to $225-ish.
Just his servants would be poor.
Investors are always willing to take risk, even when they stampede out of various individual issues. Unless the exchange suspends trading on the shares, it's obvious that buyers of sliding stocks are willingly taking greater risk.
The only real crash I've seen in my lifetime 9and that includes the COVID-related shutdowns-related pucker) was the 1987 crash.
Just buy Bitcoin and you don’t need to worry about any of this.
Sure, I’ll keep my bitcoin in the refrigerator box where I’ll soon live.
From the sound of his whining, he doesn’t need big shorts.
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