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In reply to the discussion: When a Trump cultist points to the stock market [View all]Major Nikon
(36,827 posts)50. I don't agree
Some people who pay attention to how the market does on a given day will concern themselves with the point increase or decrease because it makes it easier to recognize short term trends. Anyone who invests in the stock market cares about the percentage increase or decrease over time because thats what directly translates to your own bottom line.
The S&P 500 is a better index of the stock market as a whole because thats exactly what its designed to do, compared to the DJIA which only represents 30 companies. If someone pays more attention to the DJIA, its a pretty good indicator they dont know much about the stock market.
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I'm getting to the point where cruelty to assholes is a "normal" response...
Wounded Bear
Jan 2020
#2
For someone to be gloating despite his own job loss etc., about the stock market is unreal ...
SWBTATTReg
Jan 2020
#24
Oh, Sweet Jesus...you have NO idea how close this hits to home in terms of
bullwinkle428
Jan 2020
#7
You're right that the market did well under Obama, but people don't care about % increases
onenote
Jan 2020
#45
I'm in Mid Ga, so we're a good bit lower than ATL. But Metro IS expensive to us!
oldsoftie
Jan 2020
#66
Friend worked for a privately held company for about 10 years, untill she got cancer.
3Hotdogs
Jan 2020
#13
You HAVE to know thats not true. Over 70% of workers are eligible to have one.
oldsoftie
Jan 2020
#57
actually, the market did only a bit better in Obama's first year than Trump's first year
onenote
Jan 2020
#46
Most people who invest in the stock market do so through 401Ks or similar arrangements
onenote
Jan 2020
#54
It's also like giving a BOGOF coupon for a fancy chain restaurant to a homeless person.
Hugin
Jan 2020
#19
trump cultists often brag about the "huge" increases in their 401Ks supposedly due to trump.
mwb970
Jan 2020
#28
My STUPID BIL tried this on Xmas and I said yeah like it's been doing for the last 10 years and
UniteFightBack
Jan 2020
#29
It's also worth rebutting their contention that Trump is awesome on stock growth.
Snarkoleptic
Jan 2020
#31