The last time this happened, voters didn’t credit Bill Clinton. That may be a bad omen, or a good one.

The last time this happened, voters didn’t credit Bill Clinton. That may be a bad omen, or a good one.

If the stock market chose presidents, Joe Biden would be a shoo-in for reelection in 2024. The market rallied this month amid growing optimism about the economy, with the S&P 500 zooming 1.9 percent Tuesday on news that the consumer price index rose only 3.2 percent in October (compared to 3.7 percent in September). Stocks rallied again Wednesday on news that the producer price index fell 0.5 percent. Commentators are no longer debating whether the economy will experience a “soft landing” (i.e., a reduction in inflation without recession). The only question now is when it will arrive. The S&P 500 seems to have decided it’s already here.

But the stock market doesn’t choose presidents. Voters do, and polls continue to show they think the economy is in terrible shape. A Financial Times–Michigan Ross Nationwide Survey conducted November 2–7 is absolutely brutal on this point.

  • SmoothIsFast@citizensgaming.com
    1·
    1 year ago

    There are only a set amount of shares. Shares being in demand increases their price. I am sure you can see him w this does financially benefit the company.

    Sure, bud, in a regulated market without exemptions for market makers who can naked short sell (crate synthetic shares that do not exist) for the sake of liquidity. Or how about 90% of our market being traded off the tape without affecting prices?

    Yes an IPO is when the most stock is sold, but new shares happen all the time. It’s disingenuously pedantic to suggest purchasing stock is not an investment in a company, by both literal and figurative definitions.

    He is pointing out past ipo you are speculating on growth, which is what trading is speculation, not guaranteed returns.

      • SmoothIsFast@citizensgaming.com
        1·
        1 year ago

        Gamestop pointed out unfettered greed in the market that’s supposed to determine the health of a society. While conviently pointing out the flaws in all our regulatory processes surrounding that market. It fucked the business plan of wall street, not anyone’s brain.