|
Off Topic Off Topic - General non-Corvette related discussion. |
|
Share | Thread Tools | Search this Thread |
04-27-2021, 8:50am | #1 | ||||||
A Real Barner
Join Date: Jan 2015
Location: Western New York
Posts: 1,193
Thanks: 184
Thanked 2,923 Times in 592 Posts
Gameroom Barn Bucks: $2924
|
Biden's stock market returns in first 100 days deemed best in 75 years
Yes, my stock portfolio looks very heathy.
https://www.upi.com/Top_News/US/2021...3341619472945/ April 26 (UPI) -- The U.S. stock market has seen better returns in President Joe Biden's first 100 days in office than it has under any other president in 75 years, JPMorgan Chase analysts say. JPMorgan analysts led by John Normand said in a note to clients that Biden's market returns are the best since at least Dwight Eisenhower's administration in the 1950s, CNBC reported Monday. S&P 500 returns in Biden's first 100 days are nearly 25%, besting former President Donald Trump's nearly 15% returns as well as the previous record of 20% by President John F. Kennedy. "Biden's first 100 days have already delivered the strongest post-election equity returns in at least 75 years, due to record fiscal stimulus and despite heavy use of Executive Orders," said Normand, adding the results are "not bad for someone Trump labeled as Sleepy Joe during the campaign." Art Hogan, chief market strategist at National Securities, told CNBC it will be "intriguing to see what the next 100 days look like," noting Biden was bolstered by an economy recovering from the impacts COVID-19 pandemic. "Anyone that became president this year was going to have a pretty significant tailwind," said Hogan. "You're coming into a point where you had to just not mess things up and hopefully improve on what it was you needed to get done." JPMorgan's analysts said that while Biden's early policies have been a boon for the market, more recent proposed policies were "no longer so unambiguously positive." Last week U.S. markets dipped following reports that Biden was planning to hike the capital gains rate to 39.6% for those earning $1 million or more, up from the current base rate of 20%. The analysts noted that capital gains tax rate increases in 1986 and 2013 -- when Biden served as vice president -- spurred drawdowns of about 5% between months. Ultimately, JPMorgan said it did not expect the tax increases to lead to a significant dip in earnings under Biden. "The view since the 2020 campaign has been that a higher corporate rate would lower S&P 500 EPS by several dollars," the analysts said. "But within a surging earnings growth environment driven by greater fiscal outlays and vaccine-driven reopening, our U.S. Equity Strategists have refreshed and expanded that original analysis this week, with no change to the year-end S&P target of 4400." |
||||||
The Following User Says Thank You to Lakota For This Useful Post: |
04-27-2021, 9:02am | #2 | |||||||
A Real Barner
Join Date: Feb 2017
Location: On the beach
Posts: 32,638
Thanks: 17,411
Thanked 33,653 Times in 11,825 Posts
Gameroom Barn Bucks: $1025333
|
The most salient quote from the article is this:
Quote:
|
|||||||
The Following 11 Users Say Thank You to Steve_R For This Useful Post: |
04-27-2021, 9:17am | #3 | ||||||
Barn Stall Owner #2112
Fantasy Football Champ '14,'16,'20 Bantayan Kids '13
Join Date: Jan 2011
Location: WHERE I LAY MY HEAD IS HOME - REHO BEACH DELAWARE
Posts: 42,419
Thanks: 6,373
Thanked 10,607 Times in 6,383 Posts
Gameroom Barn Bucks: $3043611
|
Hilarious.
If the market would have tanked, you would have blamed it on Biden though. |
||||||
04-27-2021, 9:18am | #4 | ||||||
Administrator
Barn Stall Owner #14 Barn Raising II,III Chef NCM Supporter '11,'12,'13,'14,'15,'16,'17,'20 Bantayan Kids '13,'14,'15,'17 Ukranian Famers are the modern day Chuck Norris
Join Date: Oct 2009
Location: between here and there
Posts: 25,056
Thanks: 9,362
Thanked 14,321 Times in 5,475 Posts
Gameroom Barn Bucks: $17601606
|
Fact: Biden has done a fantastic job overseeing everything that Trump left for him.
Fact #2 .... Even the Democrats don't trust Biden, that is why Harris is always standing over him and why he wears a mask even on video chats. |
||||||
The Following 5 Users Say Thank You to Rob For This Useful Post: |
04-27-2021, 9:24am | #5 | |||||||
Barn Stall Owner #14/32
Join Date: Jan 2020
Location: IDK, IDC, IDGAF
Posts: 21,620
Thanks: 14,519
Thanked 13,162 Times in 5,007 Posts
Gameroom Barn Bucks: $4810
|
Quote:
|
|||||||
The Following 8 Users Say Thank You to Vandelay Industries For This Useful Post: |
04-27-2021, 9:24am | #6 | ||||||
A Real Barner
Join Date: Jan 2015
Location: Western New York
Posts: 1,193
Thanks: 184
Thanked 2,923 Times in 592 Posts
Gameroom Barn Bucks: $2924
|
I not a Biden fan or Trump fan. I did vote for Biden since I didn't like the alternative. Same with 2016 election, ditto, again not a fan of Hillary but voted for her.
|
||||||
04-27-2021, 9:26am | #7 | |||||||
Barn Stall Owner #2112
Fantasy Football Champ '14,'16,'20 Bantayan Kids '13
Join Date: Jan 2011
Location: WHERE I LAY MY HEAD IS HOME - REHO BEACH DELAWARE
Posts: 42,419
Thanks: 6,373
Thanked 10,607 Times in 6,383 Posts
Gameroom Barn Bucks: $3043611
|
Quote:
Including all of the pork in the infrastructure bill? I dunno man. Some peeps might disagree. I feel he is sailing straight though. |
|||||||
04-27-2021, 9:31am | #8 | ||||||
Barn Stall Owner #106
Join Date: Jan 2021
Posts: 15,083
Thanks: 12,411
Thanked 3,956 Times in 1,657 Posts
Gameroom Barn Bucks: $500
|
“Biden's first 100 days have already delivered the strongest post-election equity returns in at least 75 years, due to record fiscal stimulus” OP
Come on, man! WTF? Difference between nominal and real plus the only thing being stimulated, is mostly overseas manufacturing, mainly China. Yea, ‘Murcia! |
||||||
04-27-2021, 9:35am | #9 | |||||||
Administrator
Barn Stall Owner #14 Barn Raising II,III Chef NCM Supporter '11,'12,'13,'14,'15,'16,'17,'20 Bantayan Kids '13,'14,'15,'17 Ukranian Famers are the modern day Chuck Norris
Join Date: Oct 2009
Location: between here and there
Posts: 25,056
Thanks: 9,362
Thanked 14,321 Times in 5,475 Posts
Gameroom Barn Bucks: $17601606
|
Quote:
You voted for Biden, even though you were not a fan.... You, my friend, are a lemming...aka, a Democrat. Quit voting along party lines and quit voting for people that have spent their entire lives in political office. The #1 problem in this nation is that politicians have elevated themselves to our leaders and not our representatives. #2 problem, is our media propagates this propaganda #3.....people trust the media |
|||||||
The Following 13 Users Say Thank You to Rob For This Useful Post: |
04-27-2021, 9:35am | #10 | |||||||
Barn Stall Owner #2112
Fantasy Football Champ '14,'16,'20 Bantayan Kids '13
Join Date: Jan 2011
Location: WHERE I LAY MY HEAD IS HOME - REHO BEACH DELAWARE
Posts: 42,419
Thanks: 6,373
Thanked 10,607 Times in 6,383 Posts
Gameroom Barn Bucks: $3043611
|
Quote:
Trump started it, and Biden just continued it. You have to think that it'll keep getting bigger, as the travel, transport, and entertainment industries have yet to realize full capacity. Rising fuel prices could put a damper on some of that, but imo, we have a bit to go before the peak. |
|||||||
04-27-2021, 9:52am | #11 | |||||||
Barn Stall Owner #106
Join Date: Jan 2021
Posts: 15,083
Thanks: 12,411
Thanked 3,956 Times in 1,657 Posts
Gameroom Barn Bucks: $500
|
Quote:
|
|||||||
04-27-2021, 9:55am | #12 | |||||||
Barn Stall Owner #2112
Fantasy Football Champ '14,'16,'20 Bantayan Kids '13
Join Date: Jan 2011
Location: WHERE I LAY MY HEAD IS HOME - REHO BEACH DELAWARE
Posts: 42,419
Thanks: 6,373
Thanked 10,607 Times in 6,383 Posts
Gameroom Barn Bucks: $3043611
|
Quote:
This will leave the majority of people who bought a house in the past two years upside down. It'll be foreclosure city again. A perfect time to leave the trailer park and buy something at bargain prices. |
|||||||
04-27-2021, 9:56am | #13 | ||||||
A Real Barner
Join Date: May 2011
Location: Live Free or Die.
Posts: 4,911
Thanks: 2,030
Thanked 2,190 Times in 1,172 Posts
Gameroom Barn Bucks: $3122345
|
|
||||||
The Following 7 Users Say Thank You to m and t's77 For This Useful Post: |
04-27-2021, 9:57am | #14 | ||||||
Chief Meat Gazer
Charter Member Barn Stall Owner #98 Barn Raising II,III,IV
Join Date: Oct 2009
Location: Ohio
Posts: 51,125
Thanks: 23,533
Thanked 33,881 Times in 12,348 Posts
Gameroom Barn Bucks: $5135124
|
the ramping down of COVID was going to create an improvement. This would of happened had Jimmy Carter just got elected.
|
||||||
The Following 6 Users Say Thank You to Mike Mercury For This Useful Post: |
04-27-2021, 10:00am | #15 | |||||||
Barn Stall Owner #2112
Fantasy Football Champ '14,'16,'20 Bantayan Kids '13
Join Date: Jan 2011
Location: WHERE I LAY MY HEAD IS HOME - REHO BEACH DELAWARE
Posts: 42,419
Thanks: 6,373
Thanked 10,607 Times in 6,383 Posts
Gameroom Barn Bucks: $3043611
|
Quote:
How did Bush fk it up? Loosening credit regs for banks who gave mortgages to anyone with a pulse. You know the rest |
|||||||
04-27-2021, 10:01am | #16 | ||||||
Barn Stall Owner #∞
Join Date: Oct 2018
Location: GFY and STFU'ville
Posts: 9,020
Thanks: 1,204
Thanked 13,711 Times in 5,285 Posts
Gameroom Barn Bucks: $34677
|
Trillions and trillions in spending and the OP is gloating?
Can't see the forest from the trees. |
||||||
The Following 6 Users Say Thank You to z06psi For This Useful Post: |
04-27-2021, 10:01am | #17 | |||||||
Barn Stall Owner #106
Join Date: Jan 2021
Posts: 15,083
Thanks: 12,411
Thanked 3,956 Times in 1,657 Posts
Gameroom Barn Bucks: $500
|
Quote:
|
|||||||
The Following User Says Thank You to Dan47 For This Useful Post: |
04-27-2021, 10:06am | #18 | ||||||
Dogface
Barn Stall Owner #409 Bantayan Kids '13,'15,'17
Join Date: Jan 2011
Location: At the Beach, FL
Posts: 41,134
Thanks: 26,107
Thanked 13,578 Times in 6,538 Posts
Gameroom Barn Bucks: $2450928
|
|
||||||
04-27-2021, 10:14am | #19 | |||||||
Barn Stall Owner #THX1138
Join Date: May 2011
Location: South of San Antonio
Posts: 2,823
Thanks: 1,053
Thanked 2,203 Times in 994 Posts
Gameroom Barn Bucks: $1322
|
Quote:
From the man that said we'd never see any GDP gains north of 1.5% again? Granted he was a good speaker, but knew shit about economics. I do believe it was Barney Frank that drove through the banking bill that led to the recession, but it is true that Bush did sign it. I don't think anyone ever claimed that Bush was a financial conservative. |
|||||||
The Following 5 Users Say Thank You to ratflinger For This Useful Post: |
04-27-2021, 10:19am | #20 | |||||||
Barn Stall Owner #THX1138
Join Date: May 2011
Location: South of San Antonio
Posts: 2,823
Thanks: 1,053
Thanked 2,203 Times in 994 Posts
Gameroom Barn Bucks: $1322
|
Quote:
Naw, that will be another land war in Europe as soon as the muslim population in France grows enough to vote themselves into power. They'll then start agitating the large muslim populations in all the other other EU countries, threatening nuclear strikes, etc. The individual EU countries will 1st have to fight off their own civil wars, to put down the muslims they let in, and then band together to defeat muslim France. There will be a nuclear exchange. 2 generations, max. |
|||||||
|
|
Support the Barn: |
Download the Mobile App; |
Follow us on Facebook: |
||