S&P 500 confirms bull market with record close

[seminole97]

Republicans love trickle down economics.

What are the negatives to a healthy stock market?

I'll hang up and listen.

This is another negative outcome of inflation.
The middle and lower class take it on the chin, as the proportion of their earnings devoted to consumption dwarf that devoted to savings.
The upper class enjoy inflated asset prices, which more than offset the increased consumption costs they too endure.
This is why the pandemic inflation made the rich so much richer.
This is a consequence of deliberate government policy (deficit spending, funding by monetary creation).

 

[srams21]

Dude is getting robbed

My guess is his 401k did alright but he hears his Trump buddies repeat how bad the economy is so he thinks his 401k must have gone down. I honestly don't think the guy has probably ever looked at the balance. His wife handles most the finances from what he's said.

 

[goldmom]

His view is the op-ed someone else wrote. That's his view.

Well then he fits right in here, doesn’t he?
Paging Ciggy…

 

[goldmom]

Kudlow is a former Turd administration employee.

What can you expect him to say?

He's a shill who gets paid to say negative things about Biden.

Love it!

Larry Kudlow was a well respected financial guy LONG before Donald Trump managed to get lucky enough to agree to work with him.

 

[McLovin32]

Well then he fits right in here, doesn’t he?
Paging Ciggy…

Eh, kinda. Ciggy posts stuff like that to start a discussion, not to explain his opinion when someone asks for it.

 

[goldmom]

My portfolio is still about $80,000 below what it was in January of 2021.

 

[MitchLL]

My guess is his 401k did alright but he hears his Trump buddies repeat how bad the economy is so he thinks his 401k must have gone down. I honestly don't think the guy has probably ever looked at the balance. His wife handles most the finances from what he's said.

Is there actually any mix of investments, other than individual stocks, that would have shown a loss in 2023?

 

[ISUtattooed]

ICYMI, inflation is back down around 2%, Cletus.

Where you seeing 2%?

 

[srams21]

Is there actually any mix of investments, other than individual stocks, that would have shown a loss in 2023?

I highly doubt it unless maybe you were 100% invested in some sort of foreign funds maybe or emerging markets.

 

[MitchLL]

My portfolio is still about $80,000 below what it was in January of 2021.

Holy shit!
2021 and 2023 were gangbusters years for investing.

Your financial advisor should be fired immediately.
Edit...Unless you're withdrawing 10%+ of your portfolio yearly?

 

[95Hawk]

Larry Kudlow was a well respected financial guy LONG before Donald Trump managed to get lucky enough to agree to work with him.

“Was” being the operative word. Now he’s just a washed up has-been whose lips are painted bright orange.

 

[lucas80]

Larry Kudlow was a well respected financial guy LONG before Donald Trump managed to get lucky enough to agree to work with him.

That was a lot of cocaine, and membership in one cult, ago.

 

[DooBi]

Be specific. Show your work? Americans such as myself have never had more wealth and buying power. Lower wage workers like yourself are doing well, too. Dollar for dollar your wages are more than keeping pace with inflation

You don't live in the real world.

 

[Bonerfarts]

You don't live in the real world.

In my world and the real world the S&P is at an all time high, what world do you live in?

 

[seminole97]

In my world and the real world the S&P is at an all time high, what world do you live in?

One where only 7% of that stock market wealth is in the hands of 90% of the society.

 

[Bank of Hawk]

My portfolio is still about $80,000 below what it was in January of 2021.

Probably in “conservative” bond funds

 

[lucas80]

You don't live in the real world.

I live in the world where people are free to try hard in life and get ahead.

 

[RileyHawk]

One where only 7% of that stock market wealth is in the hands of 90% of the society.

Funny seeing a far right wing shill suddenly concerned about wealth distribution.

Good thing low income wages are up so much.

 

[jawatkins]

Probably in “conservative” bond funds

Yeah, shouldn’t invest in secret agents.

 

[RicoSuave102954]

Meanwhile average Americans can't afford to pay their home heating bills.

The National Debt is going to cause financial ruin while Biden plays the fiddle.

 

[Firekirknow]

I’ve never lived better. Everyone I know can pay their heating bills. I don’t think average Americans are having trouble. I think you have been misled

 

[NorthernHawkeye]

I’ve never lived better. Everyone I know can pay their heating bills. I don’t think average Americans are having trouble. I think you have been misled

Makes one wonder why all the lefties are upset that Reynolds said no to the summer EBT program.
 

 

[Firekirknow]

Sorry this is bad news for you. You were wrong about the economy. You are consistent.
Kim took away a good program for hungry children. Hopefully it helps you feel a bit better

 

[Tom Paris]

Much welcome news for Americans in these times of record inflation and reduced buying power.

You just can’t do it. Hack.

 

[Tom Paris]

This is another negative outcome of inflation.
The middle and lower class take it on the chin, as the proportion of their earnings devoted to consumption dwarf that devoted to savings.
The upper class enjoy inflated asset prices, which more than offset the increased consumption costs they too endure.
This is why the pandemic inflation made the rich so much richer.
This is a consequence of deliberate government policy (deficit spending, funding by monetary creation).

You are so full of crap.

 

[TJ8869]

Where you seeing 2%?

February 2021

 

[seminole97]

You are so full of crap.

Which part do you dispute?
Be specific.

 

[goldmom]

Probably in “conservative” bond funds

🙄

 

[Tenacious E]

My portfolio is still about $80,000 below what it was in January of 2021.

Did you spend principal? If not I’m not sure how that’s possible unless you lost a lot or got spooked by Covid in early 2020, then converted your equities to cash and bonds, and then never got back in the market. The last 3 quarters of 2020 were good. 2021 was a great year in the market. 2022 was beyond horrible. 2023 was great again. 2024 is starting off strong.

 

[SeaPA]

I gained a lot on my inherited 401k over the last 3 years. I finally rolled into my own. When I called I expected like 150k and it was almost 200k, so I said nice and moved it over. /csb

From whom did you inherit it?

 

[jawatkins]

From whom did you inherit it?

My dad

 

[SeaPA]

My dad

Hopefully you got proper guidance and it was transferred properly. Check the account statement to see how it is titled (it should still have his name and date of death referenced, with you being identified as beneficiary...i.e FBO JWatkins).
Also, make sure you understand the rules for when you have to withdraw. They vary based on when he died; the penalty for not taking proper distributions is substantial.

 

[jawatkins]

Hopefully you got proper guidance and it was transferred properly. Check the account statement to see how it is titled (it should still have his name and date of death referenced, with you being identified as beneficiary...i.e FBO JWatkins).
Also, make sure you understand the rules for when you have to withdraw. They vary based on when he died; the penalty for not taking proper distributions is substantial.

I was getting yearly distributions but only in the minimum 4 figure amount until I got it figured. We also sold a house and farming equipment so that was another 650k+ distributed among 3 of us. And he had a pension worth about 1mm so we had to get that out in 1 year. Money is kind of a headache. I just wish he would have lived long enough to spend it all.

 

[sabula]

I literally had my neighbor tell me he lost money in his 401k in 2023. He is a big Trumper(nice enough guy though) and he told me that with a straight face that his 401k was down in 2023. I told him he probably is the only person in America that had that happen so he should immediately talk to his plan adminstrator because I gained 22% last year. He looked umm ... DUMB.

FIFY.

 

[Joes Place]

February 2021

2024 projections, Cletus.

Been near 2% now for 6 months.

The Fed's Key Inflation Rate Just Fell Below 2%

The core PCE price index is up just 1.9% on a six-month annualized rate.

www.investors.com

 

[Funky Bunch]

Did you spend principal? If not I’m not sure how that’s possible unless you lost a lot or got spooked by Covid in early 2020, then converted your equities to cash and bonds, and then never got back in the market. The last 3 quarters of 2020 were good. 2021 was a great year in the market. 2022 was beyond horrible. 2023 was great again. 2024 is starting off strong.

It's very possible for retirees who are in decumulation mode and enjoying life

 

[TJ8869]

2024 projections, Cletus.

Been near 2% now for 6 months.

The Fed's Key Inflation Rate Just Fell Below 2%

The core PCE price index is up just 1.9% on a six-month annualized rate.

www.investors.com

JP eschews the Consumer Price Index in favor of the Personal Consumption Expenditures index. Duly noted for future reference.

 

[hawkjt]

As indicated most of the stocks are in the hands of the wealthy..fact.
Of course, that means the 43% cut in the corporate tax rate in the 2017 Trump tax reform bill flows almost entirely to the wealthy in addition to the cut in their personal tax rate.
Which means that tax reform overwhelmingly benefited the wealthy.

I am sure Seminole was against that tax reform as it cost the lower 90% and will support Biden's plan to raise the corporate rate to 28% and restore old personal rates on those earning more than 400k.

Biden's plan will reduce projected deficit by 6 trillion over 10 years vs the GOP plan. All those deficit Hawks will jump on board with Biden, I'm sure.

 

[An Iowa fan]

My portfolio is still about $80,000 below what it was in January of 2021.

This could happen if you are in primarily small caps.

detailed quote	options chain	add to favorites	list favorites	chart help
Last: 1,944.3914	Change: +20.738	Open: 1,934.0936	High: 1,944.394	Low: 1,914.4655	Volume: 2,348,629
Percent Change: +1.08%	Yield: n/a	P/E Ratio: n/a	52 Week Range: 1,633.668 to 2,071.782

email this chart printer-friendly format

 

[seminole97]

I am sure Seminole was against that tax reform as it cost the lower 90%

Someone else paying lower taxes doesn’t incur any cost to someone else.
Politicians spending incur costs.

Biden's plan will reduce projected deficit by 6 trillion over 10 years vs the GOP plan. All those deficit Hawks will jump on board with Biden, I'm sure.

Why do you believe this when the entirety of federal corporate tax collections for the next decade are not even projected to be 6 trillion dollars?

You honestly believe that Biden has a plan to more than double collections?

I’m personally dubious given the history of tax collection under previous rates, and the fact last year was a record collection.