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Tom Rinaldo

(22,913 posts)
Fri Feb 9, 2018, 01:53 PM Feb 2018

I know real people get hurt when the stock market falls

But so long as Trump tries to use rising stock numbers as a campaign ad for himself, our nation can't afford for the stock market to keep rising. Not during an election year. I don't want people hurt so I will be fine if the stock market stays flat from here on out, until after the November elections. Not like I have any say in the matter...

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I know real people get hurt when the stock market falls (Original Post) Tom Rinaldo Feb 2018 OP
yes, corporations are real people DBoon Feb 2018 #1
I approve this post. Tom Rinaldo Feb 2018 #4
Just about everyone with whom I have ever worked has a 401k account. fleur-de-lisa Feb 2018 #6
Those savings come out of wages and salaries DBoon Feb 2018 #8
Only hurts if you sell. safeinOhio Feb 2018 #9
Retirees like me are also hurt when the market drops. The Velveteen Ocelot Feb 2018 #7
Some of us are retired spinbaby Feb 2018 #12
Many govt. and private Pension snowybirdie Feb 2018 #2
I cant root for bad economic outcomes that hurt spooky3 Feb 2018 #3
Two major things. Wellstone ruled Feb 2018 #5
Very questionable premise Awsi Dooger Feb 2018 #10
The stock market is Trump's vehicle to drive home a message: Trump means Good Jobs Tom Rinaldo Feb 2018 #13
80% of the market is owned by the top 10%............ panader0 Feb 2018 #11
50% of Americans have nothing in the stock market.... vi5 Feb 2018 #14

DBoon

(22,395 posts)
1. yes, corporations are real people
Fri Feb 9, 2018, 01:55 PM
Feb 2018

and they hurt when their value drops

Most humanoids depend on wages and salary for their living

Tom Rinaldo

(22,913 posts)
4. I approve this post.
Fri Feb 9, 2018, 02:00 PM
Feb 2018

I used to have a "Billionaires for Bush" (a brilliant political satire group back in 2004 for those of you who don't remember them) bumper sticker proclaiming "Corporations Are People Too".

I am a wage dependent humanoid myself. But I accept that some flesh and blood non 1%er people do have pensions, college savings, and retirement savings tied up in mutual funds and the like.

fleur-de-lisa

(14,628 posts)
6. Just about everyone with whom I have ever worked has a 401k account.
Fri Feb 9, 2018, 02:03 PM
Feb 2018

Some invested a lot, some not so much.

None of us are not rich by any means, just average people trying to save for retirement. Can't count on Social Security any more.

So, yes, real people are hurt when the market crashes.

DBoon

(22,395 posts)
8. Those savings come out of wages and salaries
Fri Feb 9, 2018, 02:21 PM
Feb 2018

which are of utmost importance to non-corporate persons

Retirement savings are meant to be drawn down over decades. A drop in the market for a number of years is not good, but in the long term your retirement income is based out of the cumulation saved from your wages and salary.

A drop in real income is far more harmful than a drop in the value of long term savings. Stagnant real wages over the past 30 years of Republican rule are far more harmful to one's than the stock market declines we see today

The biggest impact of a stock market drop is on corporate balance sheets.

The Velveteen Ocelot

(115,830 posts)
7. Retirees like me are also hurt when the market drops.
Fri Feb 9, 2018, 02:07 PM
Feb 2018

I have a modest nest egg that I am relying on for my continued survival because SS isn't enough. If the market falls it hurts me, and many other retired people.

spinbaby

(15,090 posts)
12. Some of us are retired
Fri Feb 9, 2018, 02:45 PM
Feb 2018

My IRA is conservative in that only about 20% is tied to stocks. Its decline has still been breathtaking in the last couple of weeks.

snowybirdie

(5,233 posts)
2. Many govt. and private Pension
Fri Feb 9, 2018, 01:57 PM
Feb 2018

Plans invest in stocks heavily. Losses mean the amount of funds available for retirees lowers.

spooky3

(34,469 posts)
3. I cant root for bad economic outcomes that hurt
Fri Feb 9, 2018, 02:00 PM
Feb 2018

Retirees, those wanting to retire, savers, people with 401ks, etc. Even if the stock market were to roar back, I don’t think people will give him credit. Nor should they, since his policies enabled by other Rethugs, have caused the current panic.

 

Wellstone ruled

(34,661 posts)
5. Two major things.
Fri Feb 9, 2018, 02:01 PM
Feb 2018

Yellen's departure has the mega money people scared. Secondly,most of the Market Trading is via computer Algorithms which are designed to factor daily events into it's functions. AI is in control and the big money people make money on the upside and downside.

The Joe Average who might own a 401 or IRA have zero power to control their portfolio.

Remember,the Dow is over balanced to the upside of five Tech stocks.

 

Awsi Dooger

(14,565 posts)
10. Very questionable premise
Fri Feb 9, 2018, 02:37 PM
Feb 2018

Trump uses every variable to champion himself. He uses every variable to bash Hillary and Obama.

Why is this variable paramount? Why wouldn't he merely shift focus to something else, given the gullible nature of his followers? What evidence do we have that votes will cipher away from Trump, or not be cast at all, based on where the stock market is sitting during 2018?

If we root against the stock market whenever a Republican holds the White House then we aren't accomplishing anything and tens of millions of Americans will be hurt if our rooting interest comes through.

I want the market to recover in a major way. I'll be confident that other factors will influence the midterms away from Trump.


Tom Rinaldo

(22,913 posts)
13. The stock market is Trump's vehicle to drive home a message: Trump means Good Jobs
Fri Feb 9, 2018, 02:58 PM
Feb 2018

Trump made the stock market his go to symbol for the entire economy. The stock market breaking records for him equates with Trump is creating a fabulous economy. Which is distorted to mean everyone is going to make more money. He oversells everything. Obama had the opposite problem

Trump finds a metaphor for whatever point he wants to sell and then he pounds it into the ground through constant references and repetition. Usually he chooses something that can not glaringly be fact checked and proved wrong: Like "Mexico will pay for the wall". But the Dow Jones is very straight forward measure. Either it is going up or it is going down. Trump got cocky (imagine that) and began to believe it could only go up, since he just gave corporations such a sweet tax cut deal.

But if people become worried about the stock market retreating that messes with the heart of Trump's entire economic messaging.

I am not rooting against the stock market. Let it grow at the same rate as the average worker's wages this year now until the November elections.

 

vi5

(13,305 posts)
14. 50% of Americans have nothing in the stock market....
Fri Feb 9, 2018, 03:54 PM
Feb 2018

..and a large chunk of the others that do are in retirement accounts, which were sold as being better than pensions.

This emphasis on the stock market as the harbinger of our economic situation is what is destroying us. Wall Street is a ponzi scheme that is not in the best interest of most Americans, but enough Americans were duped into thinking they could get rich to jumping in with 401k's and other investments, that now we're all being held hostage to this ridiculousness.

The fact that the first recent dip occurred when there was good news with regard to low unemployment and rising wages should tell anyone all they need to know about whose interests they really serve.

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