Posts Made By: James Brown

Originally Posted by James Lacey

She's way more potent and capable than tough guy Trump, who hides in his safe space rallies and echo chambers. She didn't whine about tough questions or storm out. No doubt the conservatives will spin it that she lost, but I bet she did reach some viewers. It sure wasn't the sign of weakness or desperation that some thought it would be.

Originally Posted by James Lacey

Your numbers are misleading for a couple of reasons.

Under Trump, the S& P increased by 1,554 points, but under Biden, it increased by 1,959 points. So, the S& increased a lot more in points under Biden than it did under Trump.

It's also true that a percentage increase in an index doesn't translate to an exact increase in your portfolio. It depends on what you are invested in. If your portfolio consists mainly of bonds and treasuries, you will do worse during a stock market boom than someone invested in large-cap and equity stocks.

I looked at all the major indexes, and under Biden, they have gone up a lot more in points than they did under Trump. In short, percentage increases don't tell the whole story, and even if you do look at percentage increases, it still looks like Biden performed as well or better. It's also true that percentage increases get smaller in points over time since the index always rises. In other words, a 1,000-point increase when the index is 2,000 looks much better than a 1,000-point increase when the index is 3,000.

I also asked my financial advisor, a family member who works for Fidelity in wealth management and planning, and some friends and family whose stock market and economy have been better for investors. Without fail, they all without hesitation said Biden's has been much better, which agrees with my experience as well.

Originally Posted by James Brown

Hi James: you and Richard are both missing the larger point in my opinion. Attached is a screen cap from my phone right now of the S& 500 For the past 10 years. The other major indices have generally speaking the same types of 10 year graphs.  The stock market has thrived over the past eight years, even though there were massive downturns when Covid hit, and at the height of the inflationary period.  Me, and other buy and hold investors who have wealth in low-cost index funds have no complaints whatsoever about stock market performance under either administration.

The market has been strong in the face of significant challenges like Covid, and my conclusion is that our economy/system are indeed, amazingly robust, no matter who happens to be in the oval office.

I suppose Trump or Harris could screw it up badly in the next term, but I remain confident that the markets, and our overall economy, will recover because our system is just that strong.  J

Originally Posted by Jim Moscheck

Something I’d very much like to see. Considering how many anti Harris threads he’s started (that no one reads or comments  on) I figure it’ll explode soon after the election. 

Wishful thinking since half of the voting public either doesn’t care or just blindly supports the aging mentally declining bloated bag of trans fats in order to own the libs. 

Still seeing Davis’ head explode would be awesome. I’m surprised it hasn’t already with the number of angry and ranting threads he starts. LOL

And I’m not angry just so Davis doesn’t get the wrong idea. 

Originally Posted by James Lacey

My point is that the Biden economy has been much better for investors than the Trump economy. You can disagree in good faith about why that is the case, but my portfolio and almost everyone else would agree. Plus, looking at just percentage changes when the market has done nothing but go up for over eight years is misleading and is only one small part of the picture. As I said, a 50% increase when the market is at 2,000 points is not as impressive as a 25% increase when the market is at 6,000. But 50% sounds better than 25%. And a 50% market increase in any one market index does not directly translate to a 50% increase for everyone. It depends on where your investments are at. As usual, the real world is more complex than a few hand-picked statistics that Rich wants to use to claim that Trump knew better how to run an economy. Trump's plans for more tax cuts and more tariffs would be disastrous, and that is something that almost all economic experts agree on. I know I've said it many times, but I wouldn't trust Trump with a child's lemonade stand, much less the American economy. And yes, our system is robust, but the executive office can wield a lot of power to muck things up, such as tariffs if they want to.

Originally Posted by James Lacey

It is really strange. Sometimes I can get it to display correctly and sometimes not:

Originally Posted by Rod Kaufman

JB: "I suppose Trump or Harris could screw it up badly in the next term,..."

"Trump’s Tariffs Could Push S& 500 Down 10% Next Year, UBS Says"

https://www.forbes.com/sites/dereksaul/2024/10/10/trumps-tariffs-could-push-sp-500-down-10-next-year-ubs-says/

“We’ve heard from a number of clients that Trump’s former US Trade Representative, Robert Lighthizer, has been meeting with investor groups and telling them that Trump could announce 60% Chinese tariffs and 10% across-the-board tariffs shortly after taking office,” wrote the trio of research analysts at the investment bank in a note Friday."

https://www.cnbc.com/2024/10/12/trump-trade-tariffs-lighthizer-election-china.html


I didn't see and reference to Harris coming close to screwing it up badly unlike Trump...

Originally Posted by Rod Kaufman

For the Putin supporting prick of the forum, what the hell does that have to do with the topic of the thread? Not to mention the MSNBC " source" is simply Peckerwood's usual citation of it when, it reality, it's simply is a recitation of other sources, and, in this case, a recitation of an opinion article in TheHill, and likely from a conservative Trump-supporter at that...

Originally Posted by Rod Kaufman

Yahya Sinwar, architect of the October 7 massacre, wishes in hell he had made a deal with Israel:

https://www.jpost.com/israel-news/2024-10-17/live-updates-824974

Originally Posted by Maurice Clark

This one is a 2.5 second exposure using a 35mm f/2.8 Carenar lens. showing the comet above the neighbour's house. Since the Moon was so bring it was not worth heading out of town to a dark site, so just used the camera in my driveway.  Maybe Saturday night will be darker.

Cheers,

Maurice