I almost wonder if the market will revisit where the market was when President Trump was sworn in back in 2017. They are trying to cancel everything He did. This is going to get bad, very bad.
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I'll give you a quick lesson on the stock market. Trump did nothing productive for the stock market.
The stock market began it's run up from Obama's multi trillion dollar bail out/print. That's all the stock market cares about; cheap money.
Here is what they are doing now and what built up to it-
Removed Gold standard -->
Printed cash as a substitute for real value -->
Used cheap money to prop up markets from housing to bonds -->
Took profit from retail and smaller firms during dumps to buy real assets like gold, silver, land, debt (yes debt is a real asset. Time and slavery pays it off), housing, commercial assets, securities and on and on.
This all leaves retail and firms that are NOT in the circle with the "bags" which are useless
Trump did nothing to change any of this. In fact, as far as this scheme goes, he couldn't. The fed is under the control of congress and now you know why Pelosi and friends in congress are the real power.
Actually Trump did do something for the stock market. He gave people confidence. With confidence people are willing to take on risk.
There is no confidence in Biden's America.
Even is a rigged game confidence or the lack thereof is still king.
No he didn't. What he did was reference the stock market repeatedly. The fed during his admin printed tons of money just like Obamas time and Bidens time.
After all that printing, they are simply selling their positions taking that money to buy real assets and trapping retail.
I understand what you are saying. Still President Trump did exactly what President Reagan did. He gave people confidence in the future. When people have confidence in the future they take on more risk... Stock Market, new business, things like that.
With Biden (the people behind him of course) confidence is gone.
That has nothing to do with the stock market though. It's completely out of his control. Obama did all sorts of shit to kill hope yet the stock market was rising...cause of cheap money.
That's all it is. Trump gave hope to Americans for America. The stock market is a globalist pit