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Wed Jul 29, 2020, 10:46 PM

I need to learn my lesson!

Stop talking to a GOPer friend who always knows what going and that Trump is the best thing going for the country! I would love to have a good conversation with him when he starts talking political points! But tonight was really bad! He says if Biden win the stock market will crash! So he is ready to pull his money out come Nov 4th! I donít argue anymore, I just listen and change subjects as fast as I or tell him I have a call on the other line. It is to point where I dread answering when he calls! But oh well, he gonna find out what Trump is all about if Trump steals the election again! Weíre all going to be poor & my friendís money wonít amount to a hill of beans anymore!

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Arrow 4 replies Author Time Post
Reply I need to learn my lesson! (Original post)
imanamerican63 Jul 29 OP
Newest Reality Jul 29 #1
PoindexterOglethorpe Jul 30 #2
gratuitous Jul 30 #3
Wounded Bear Jul 30 #4

Response to imanamerican63 (Original post)

Wed Jul 29, 2020, 11:13 PM

1. That's his...

That's his reality tunnel. He can't see outside it and thinks the surface of the tube around him is reality when it just reflects his own thoughts, (which have been inserted via various sources and are left unquestioned and are not investigated).

Some people are prefect marks for the kind of manipulation that the GOPTRUMP spew and they know it. It resonates within his echo chamber.

What could you change? A confirmation bias like that could bite him back someday because reality is constantly changing and dynamic, not static and constant.

Keep that in mind. It might inspire you or give you creative ideas

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Response to imanamerican63 (Original post)

Thu Jul 30, 2020, 12:20 AM

2. Meh. A lot of people here pulled their money out of the market

after Trump won, and have lost a lot.

The thing with the stock market is that it is not tied as closely to elections as people like to think. In reality, the market actually goes up two out of every three years, and most gains and losses are confined to something like a half dozen or so days in each year. Which is why buying and hanging on is a vastly better strategy than trying to time the market.

Oh, heck, hope that Biden wins and encourage your friend to sell everything! And then don't say a word when the market climbs to new heights.

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Response to imanamerican63 (Original post)

Thu Jul 30, 2020, 12:38 AM

3. Ah, the stock market

Let's see, on January 20, 2009, when Barack Obama took office, the DJIA stood at 7,949.09. On July 30, 2012, the DJIA closed at 13,073.01, an increase of 64% over when Obama was inaugurated.

On January 20, 2017, when Donald Trump was sworn in before a pitifully small crowd, the DJIA was 19,732.40. Today, it closed at 26,539.57, a 34% increase since Trump's inauguration.

If the Dow was doing only as well under Trump as it did under Obama, it would have closed at 32,361.14, more than 5,800 points higher than it did today.

But I interrupted your friend. He was saying something rather humorous about stock market performance, if I recall correctly.

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Response to imanamerican63 (Original post)

Thu Jul 30, 2020, 01:08 AM

4. Dumped most of the Trumplodytes many moons ago...

not worth the pain and effort.

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