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Dow Hits All Time High at 38,000

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Comments

  • HuskyBuck
    HuskyBuck Member, Swaye's Wigwam Posts: 3,207 Founders Club

    HHusky said:

    A shitty economy is so leftist

    Maybe you're just shitty at economy.

    Did you ever think of that?
    I like this out of the Left as a message "You are just shitty at making money you dumb poors!"

    Sounds like a winner.



    Has nothing to do with inflation or a generational wealth transfer via the fed.
    Really? Thats the only metric you can point to? Now show me REAL credit card debt with inflation factored in!!!!

  • HuskyBuck
    HuskyBuck Member, Swaye's Wigwam Posts: 3,207 Founders Club
    edited January 2024
    America: Where the median household is 37% richer since 2019 even after inflation is factored in, yet the economy is "awful".

    Guaranteed if Trump was president, that would be seen as a success!!!!
  • Bob_C
    Bob_C Member, Swaye's Wigwam Posts: 12,640 Founders Club
    HuskyBuck said:

    HHusky said:

    A shitty economy is so leftist

    Maybe you're just shitty at economy.

    Did you ever think of that?
    I like this out of the Left as a message "You are just shitty at making money you dumb poors!"

    Sounds like a winner.



    Has nothing to do with inflation or a generational wealth transfer via the fed.
    Really? Thats the only metric you can point to? Now show me REAL credit card debt with inflation factored in!!!!

    Lol, if there wasn't 20+% cumulative inflation, credit card debt wouldn't be growing so fast. You are right.
  • HuskyBuck
    HuskyBuck Member, Swaye's Wigwam Posts: 3,207 Founders Club
    Bob_C said:

    HuskyBuck said:

    HHusky said:

    A shitty economy is so leftist

    Maybe you're just shitty at economy.

    Did you ever think of that?
    I like this out of the Left as a message "You are just shitty at making money you dumb poors!"

    Sounds like a winner.



    Has nothing to do with inflation or a generational wealth transfer via the fed.
    Really? Thats the only metric you can point to? Now show me REAL credit card debt with inflation factored in!!!!

    Lol, if there wasn't 20+% cumulative inflation, credit card debt wouldn't be growing so fast. You are right.
    Of course credit card debt is up, but so are wages and disposable income so youre gaming the data. But you knew what you were doing right? Cmon man, dont be like the idiot dipshit Duck fans in here, youre better than that.
  • Bob_C
    Bob_C Member, Swaye's Wigwam Posts: 12,640 Founders Club
    HuskyBuck said:

    Bob_C said:

    HuskyBuck said:

    HHusky said:

    A shitty economy is so leftist

    Maybe you're just shitty at economy.

    Did you ever think of that?
    I like this out of the Left as a message "You are just shitty at making money you dumb poors!"

    Sounds like a winner.



    Has nothing to do with inflation or a generational wealth transfer via the fed.
    Really? Thats the only metric you can point to? Now show me REAL credit card debt with inflation factored in!!!!

    Lol, if there wasn't 20+% cumulative inflation, credit card debt wouldn't be growing so fast. You are right.
    Of course credit card debt is up, but so are wages and disposable income so youre gaming the data. But you knew what you were doing right? Cmon man, dont be like the idiot dipshit Duck fans in here, youre better than that.
    Where in the charts above does it show that real wages are up?
  • HuskyBuck
    HuskyBuck Member, Swaye's Wigwam Posts: 3,207 Founders Club
    edited January 2024
    Bob_C said:

    HuskyBuck said:

    Bob_C said:

    HuskyBuck said:

    HHusky said:

    A shitty economy is so leftist

    Maybe you're just shitty at economy.

    Did you ever think of that?
    I like this out of the Left as a message "You are just shitty at making money you dumb poors!"

    Sounds like a winner.



    Has nothing to do with inflation or a generational wealth transfer via the fed.
    Really? Thats the only metric you can point to? Now show me REAL credit card debt with inflation factored in!!!!

    Lol, if there wasn't 20+% cumulative inflation, credit card debt wouldn't be growing so fast. You are right.
    Of course credit card debt is up, but so are wages and disposable income so youre gaming the data. But you knew what you were doing right? Cmon man, dont be like the idiot dipshit Duck fans in here, youre better than that.
    Where in the charts above does it show that real wages are up?
    What you're implying: Credit card debt is at an all time high because people need to dip into their credit to afford food
    Reality: I can afford stuff, but Credit card debt is up because even if I carry a relatively small balance, it will be higher because prices are higher. If I carried a $200 credit card balance in 2019 normally, but now I carry a $260 credit card balance normally due to rising prices and this happens across the board for everyone, OF COURSE it will be higher.
  • Sledog
    Sledog Member Posts: 37,683 Standard Supporter
    HuskyBuck said:

    America: Where the median household is 37% richer since 2019 even after inflation is factored in, yet the economy is "awful".

    Guaranteed if Trump was president, that would be seen as a success!!!!

    Paper home prices are just that news of the day.
  • pawz
    pawz Member, Moderator, Swaye's Wigwam Posts: 22,430 Founders Club

    HuskyBuck said:

    America: Where the median household is 37% richer since 2019 even after inflation is factored in, yet the economy is "awful".

    Guaranteed if Trump was president, that would be seen as a success!!!!

    Mean, median, or mode. I'm sure you'll need to Google it.

    I have no doubt the 95th percentile accounts for the lion share of that 37% gain.

    Oh right, and a bunch of unrealized gains from asset bubbles. You still didn't answer why the fed raised rates @HuskyBuck for our readers.

    Still seeing lots of claims about real wage growth without a shred of evidence. Susan had the good sense to duck out after I asked. Huskybuck gonna double down. Keep going.


    You are just a Duck troll trying to make Huskie’s look bad with economis smack talk.

  • PurpleThrobber
    PurpleThrobber Member Posts: 48,027
    HuskyBuck said:

    thechatch said:

    HuskyBuck said:

    https://stocks.apple.com/A3A70srR_SNeZxuPZSVrhyQ

    But, but, inflation!!! My groceries!!!!

    It’s incredible to me that you think this applies to the majority of Americans.

    In an economy where a record number of people are having to work multiple jobs, you’re focused on the fucking DJIa.

    You just don’t get it, do you?
    Yeah because remote work hasn't influenced overemployment and people aren't doing this not out of necessity but because they can get away with it. Thats not whats happening is it?

    Trust me...I already know idiot Duck fans dont get anything and I dont have time to get you up to speed, thanks.
    Walk the safety up. Running the same old play.

  • UW_Doog_Bot
    UW_Doog_Bot Member, Swaye's Wigwam Posts: 18,047 Founders Club

    HuskyBuck said:

    thechatch said:

    HuskyBuck said:

    https://stocks.apple.com/A3A70srR_SNeZxuPZSVrhyQ

    But, but, inflation!!! My groceries!!!!

    It’s incredible to me that you think this applies to the majority of Americans.

    In an economy where a record number of people are having to work multiple jobs, you’re focused on the fucking DJIa.

    You just don’t get it, do you?
    Yeah because remote work hasn't influenced overemployment and people aren't doing this not out of necessity but because they can get away with it. Thats not whats happening is it?

    Trust me...I already know idiot Duck fans dont get anything and I dont have time to get you up to speed, thanks.
    Walk the safety up. Running the same old play.

    I'm already blitzing the A gap after the idiots audibled into a run.
  • DerekJohnson
    DerekJohnson Administrator, Swaye's Wigwam Posts: 68,280 Founders Club
    HuskyBuck said:

    HuskyBuck said:

    What does your 401k and Stock Portfolios look like today fellas? Man is it awful out there!!

    I can't touch that money for another 25 years. Housing is unaffordable everywhere (thankfully we bought in 2018) and my dollar doesn't go nearly as far as it did in 2020.
    You can't touch money in your stock portfolio for 25 years?? I bought a house in 2023. Im not Elon Musk with unlimited money, but I'm here to fuck. Its completely doable as long you are financially responsble.
  • HuskyBuck
    HuskyBuck Member, Swaye's Wigwam Posts: 3,207 Founders Club

    HuskyBuck said:

    HuskyBuck said:

    What does your 401k and Stock Portfolios look like today fellas? Man is it awful out there!!

    I can't touch that money for another 25 years. Housing is unaffordable everywhere (thankfully we bought in 2018) and my dollar doesn't go nearly as far as it did in 2020.
    You can't touch money in your stock portfolio for 25 years?? I bought a house in 2023. Im not Elon Musk with unlimited money, but I'm here to fuck. Its completely doable as long you are financially responsble.
    lol thanks for the plug Derek. You know damn right!!!!
  • pawz
    pawz Member, Moderator, Swaye's Wigwam Posts: 22,430 Founders Club
    HuskyBuck said:

    HuskyBuck said:

    HuskyBuck said:

    What does your 401k and Stock Portfolios look like today fellas? Man is it awful out there!!

    I can't touch that money for another 25 years. Housing is unaffordable everywhere (thankfully we bought in 2018) and my dollar doesn't go nearly as far as it did in 2020.
    You can't touch money in your stock portfolio for 25 years?? I bought a house in 2023. Im not Elon Musk with unlimited money, but I'm here to fuck. Its completely doable as long you are financially responsble.
    lol thanks for the plug Derek. You know damn right!!!!
    Maybe lurk a little long to get your reads dialed-in. The correct answer was: Free Pub!

    Alternatively, send @IrishDawg22 a PM, he has this place dialed-in.

  • Kaepsknee
    Kaepsknee Member Posts: 14,913
    HHusky said:

    HHusky said:
    "Inflation may finally be easing"?

    Are you trying to make a relevant point? Do you think that "inflation easing" from extreme highs means everything is good now?

    Next time try linking relevant articles.
    “extreme highs”

    You’re WAY too old to be pretending this short lived bump in CPI is even close to what we both saw as young adults.
    Short lived? We’re going on 39 months now Mildred.
  • Kaepsknee
    Kaepsknee Member Posts: 14,913
    edited January 2024
    HHusky said:

    HHusky said:

    A shitty economy is so leftist

    Maybe you're just shitty at economy.

    Did you ever think of that?
    America hates Biden now because of the economy

    could be

    blaming Biden beats working
    Actually those that don’t work that have kids enjoy about 80K worth of free housing, food, utilities and healthcare now on average. Why would they blame Biden?

    The 1% that are vested with real gains in the stock market and the 30% that enjoy the benefits described above are the @HuskyBuck American success stories.
  • HuskyBuck
    HuskyBuck Member, Swaye's Wigwam Posts: 3,207 Founders Club
    edited January 2024
    I bring the Dow into this, because it DOES play a factor in your financial health. You don’t need to be part of the 1% or 10%, as long as youre fiscally disciplined, it was hard to fuck up the gains in the last 4, 8 years. If you’re a dipshit, which a couple of posts on this thread indicates a few people are, of course you’re gonna fail and blame someone else. (Aka the people pulling money out of their retirement fund to go to the Sugar Bowl story).

    My advice: Go see a Fiduciary and get educated on your finances. That will be more effective than mouthing off on a message board and blaming someone else because youre a fuckup.
  • HHusky
    HHusky Member Posts: 23,886
    Kaepsknee said:

    HHusky said:

    HHusky said:
    "Inflation may finally be easing"?

    Are you trying to make a relevant point? Do you think that "inflation easing" from extreme highs means everything is good now?

    Next time try linking relevant articles.
    “extreme highs”

    You’re WAY too old to be pretending this short lived bump in CPI is even close to what we both saw as young adults.
    Short lived? We’re going on 39 months now Mildred.
    Another TugCon labels 3% "hyperinflation".

    I was talking about the very short-lived run-up in 2022. If you're 11 you might see 3% (and falling) as really shocking.
  • HuskyBuck
    HuskyBuck Member, Swaye's Wigwam Posts: 3,207 Founders Club
    HHusky said:

    Kaepsknee said:

    HHusky said:

    HHusky said:
    "Inflation may finally be easing"?

    Are you trying to make a relevant point? Do you think that "inflation easing" from extreme highs means everything is good now?

    Next time try linking relevant articles.
    “extreme highs”

    You’re WAY too old to be pretending this short lived bump in CPI is even close to what we both saw as young adults.
    Short lived? We’re going on 39 months now Mildred.
    Another TugCon labels 3% "hyperinflation".

    I was talking about the very short-lived run-up in 2022. If you're 11 you might see 3% (and falling) as really shocking.
    These guys were even talking about deflation in this thread at one point being a good thing, namely the 3 duck idiots unsurprisingly. That’s when you shake your head and realize what you’re dealing with.
  • Bob_C
    Bob_C Member, Swaye's Wigwam Posts: 12,640 Founders Club
    HuskyBuck said:

    HHusky said:

    Kaepsknee said:

    HHusky said:

    HHusky said:
    "Inflation may finally be easing"?

    Are you trying to make a relevant point? Do you think that "inflation easing" from extreme highs means everything is good now?

    Next time try linking relevant articles.
    “extreme highs”

    You’re WAY too old to be pretending this short lived bump in CPI is even close to what we both saw as young adults.
    Short lived? We’re going on 39 months now Mildred.
    Another TugCon labels 3% "hyperinflation".

    I was talking about the very short-lived run-up in 2022. If you're 11 you might see 3% (and falling) as really shocking.
    These guys were even talking about deflation in this thread at one point being a good thing, namely the 3 duck idiots unsurprisingly. That’s when you shake your head and realize what you’re dealing with.
    This is who you are agreeing with.


  • HHusky
    HHusky Member Posts: 23,886
    HuskyBuck said:

    HHusky said:

    Kaepsknee said:

    HHusky said:

    HHusky said:
    "Inflation may finally be easing"?

    Are you trying to make a relevant point? Do you think that "inflation easing" from extreme highs means everything is good now?

    Next time try linking relevant articles.
    “extreme highs”

    You’re WAY too old to be pretending this short lived bump in CPI is even close to what we both saw as young adults.
    Short lived? We’re going on 39 months now Mildred.
    Another TugCon labels 3% "hyperinflation".

    I was talking about the very short-lived run-up in 2022. If you're 11 you might see 3% (and falling) as really shocking.
    These guys were even talking about deflation in this thread at one point being a good thing, namely the 3 duck idiots unsurprisingly. That’s when you shake your head and realize what you’re dealing with.
    This gang wants rising wages for "real Americans" and deflation.

  • Sledog
    Sledog Member Posts: 37,683 Standard Supporter
    edited January 2024
    HHusky said:

    Kaepsknee said:

    HHusky said:

    HHusky said:
    "Inflation may finally be easing"?

    Are you trying to make a relevant point? Do you think that "inflation easing" from extreme highs means everything is good now?

    Next time try linking relevant articles.
    “extreme highs”

    You’re WAY too old to be pretending this short lived bump in CPI is even close to what we both saw as young adults.
    Short lived? We’re going on 39 months now Mildred.
    Another TugCon labels 3% "hyperinflation".

    I was talking about the very short-lived run-up in 2022. If you're 11 you might see 3% (and falling) as really shocking.


    Gee I wonder what changed...
  • UW_Doog_Bot
    UW_Doog_Bot Member, Swaye's Wigwam Posts: 18,047 Founders Club
    HuskyBuck said:

    HHusky said:

    Kaepsknee said:

    HHusky said:

    HHusky said:
    "Inflation may finally be easing"?

    Are you trying to make a relevant point? Do you think that "inflation easing" from extreme highs means everything is good now?

    Next time try linking relevant articles.
    “extreme highs”

    You’re WAY too old to be pretending this short lived bump in CPI is even close to what we both saw as young adults.
    Short lived? We’re going on 39 months now Mildred.
    Another TugCon labels 3% "hyperinflation".

    I was talking about the very short-lived run-up in 2022. If you're 11 you might see 3% (and falling) as really shocking.
    These guys were even talking about deflation in this thread at one point being a good thing, namely the 3 duck idiots unsurprisingly. That’s when you shake your head and realize what you’re dealing with.
    Again, why did the fed raise interest rates?

    We have deflation in sectors of the economy, that's what's keeping total inflation numbers low. The fed is attempting a "soft landing" where they nail the balance between deflation/inflation.

    Jfc you don't even know your own talking points dumb dumb.

  • Bob_C
    Bob_C Member, Swaye's Wigwam Posts: 12,640 Founders Club

    HuskyBuck said:

    HHusky said:

    Kaepsknee said:

    HHusky said:

    HHusky said:
    "Inflation may finally be easing"?

    Are you trying to make a relevant point? Do you think that "inflation easing" from extreme highs means everything is good now?

    Next time try linking relevant articles.
    “extreme highs”

    You’re WAY too old to be pretending this short lived bump in CPI is even close to what we both saw as young adults.
    Short lived? We’re going on 39 months now Mildred.
    Another TugCon labels 3% "hyperinflation".

    I was talking about the very short-lived run-up in 2022. If you're 11 you might see 3% (and falling) as really shocking.
    These guys were even talking about deflation in this thread at one point being a good thing, namely the 3 duck idiots unsurprisingly. That’s when you shake your head and realize what you’re dealing with.
    Again, why did the fed raise interest rates?

    We have deflation in sectors of the economy, that's what's keeping total inflation numbers low. The fed is attempting a "soft landing" where they nail the balance between deflation/inflation.

    Jfc you don't even know your own talking points dumb dumb.

    There is deflation going on in the retail sector for sure. Big discounts are happening because the sector has far too much inventory on hand relative to consumer demand. It's hard to see clearly in the retail sales data that gets published, but that is what is happening. Companies have too much inventory on hand due to huge buys/commitments that were made in 2022 (at gunpoint) as many Chinese manufacturers tripled minimum order quantities while also raising prices significantly. Then throw in the cost of capital increasing and this stuff has to move at discount quickly in order to run a business.
  • UW_Doog_Bot
    UW_Doog_Bot Member, Swaye's Wigwam Posts: 18,047 Founders Club
    Bob_C said:

    HuskyBuck said:

    HHusky said:

    Kaepsknee said:

    HHusky said:

    HHusky said:
    "Inflation may finally be easing"?

    Are you trying to make a relevant point? Do you think that "inflation easing" from extreme highs means everything is good now?

    Next time try linking relevant articles.
    “extreme highs”

    You’re WAY too old to be pretending this short lived bump in CPI is even close to what we both saw as young adults.
    Short lived? We’re going on 39 months now Mildred.
    Another TugCon labels 3% "hyperinflation".

    I was talking about the very short-lived run-up in 2022. If you're 11 you might see 3% (and falling) as really shocking.
    These guys were even talking about deflation in this thread at one point being a good thing, namely the 3 duck idiots unsurprisingly. That’s when you shake your head and realize what you’re dealing with.
    Again, why did the fed raise interest rates?

    We have deflation in sectors of the economy, that's what's keeping total inflation numbers low. The fed is attempting a "soft landing" where they nail the balance between deflation/inflation.

    Jfc you don't even know your own talking points dumb dumb.

    There is deflation going on in the retail sector for sure. Big discounts are happening because the sector has far too much inventory on hand relative to consumer demand. It's hard to see clearly in the retail sales data that gets published, but that is what is happening. Companies have too much inventory on hand due to huge buys/commitments that were made in 2022 (at gunpoint) as many Chinese manufacturers tripled minimum order quantities while also raising prices significantly. Then throw in the cost of capital increasing and this stuff has to move at discount quickly in order to run a business.
    Housing sector is all over the place as well. You have tight inventory in places that were established(and have 2% rates locked in) where new builds aren't happening. Then you have builders losing their shirts in Texas, Nashville, Florida, Boise, and anywhere else that built out.

    Then there's the slow rolling collapse of the commercial real estate behemoth. It will be interesting to see how the banks and fed scheme to shore that up. Hard to roll over debt at 7%.

    Interesting interplay between foreign investment capital drying up and the milkshake effect of 5%+ US rates. China is fucked bigly with that capital flight and it will be interesting to see how much that matters to the rest of the world markets(and how soon).
  • PurpleThrobber
    PurpleThrobber Member Posts: 48,027
    Has anyone ever seen @HuskyBuck and APAG/ @TheKobeStopper together at the same tim?
  • HuskyBuck
    HuskyBuck Member, Swaye's Wigwam Posts: 3,207 Founders Club
    Wow look at that, another big market day. Boy investors sure are optimistic for some weird reason.

    Lol just think….if you guys were paying attention to the market for the past 6 months instead of using that time bitching on a message board, you too could have racked up some short term gains. But no, it’s more productive to complain about the incumbent and be angry lol.
  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 113,729 Founders Club
    HuskyBuck said:

    Wow look at that, another big market day. Boy investors sure are optimistic for some weird reason.

    Lol just think….if you guys were paying attention to the market for the past 6 months instead of using that time bitching on a message board, you too could have racked up some short term gains. But no, it’s more productive to complain about the incumbent and be angry lol.

    This isn't about anyone here but you know that.

    Tell the 70 percent of Americans who are worse off under Biden to buy stocks