Predict date Dow Jones 📈 hits 40,000!

[sweetcell]

Typically it's very future focused and not the best measure of the state of every thing in the economy today

I don't think there is any analyst who is excited for how things are going to look in 3/6/12 months
yet...markets are pretty damn solid right now

lost almost nothing
DJI is up over 7% 1 year and close to 70% on the 5 year

I'm not wishing the economy craters or a recession
but seems odd that the people in finance are so confident in the future here

(...)

Edit 2...this headline is an indicator how topsy turvey all this is
Firms ditch forecasts in trade war
As the earnings season continues, some of the world's biggest companies have been pulling their guidance or financial outlooks for the year due to the uncertainty caused by tariffs.

my reading is that with all the flip-flopping on tariffs, reality-ending threats that materialize into nothing, etc., business leaders can't plan and don't know what to do - so they're ignoring the noise, proceeding with business as usual, assuming the status quo and they'll deal with trump's chaos if and when it actually hits them.  you can't plan for all potential scenarios, so instead of being paralyzed by the multiverse of outcomes that might happen;  business is getting back to business.  implied corollary: business is doing just fine without trump's "help" (so maybe stop "helping"?)

[hutch]

The US economy is very strong in spite of Trump’s best efforts to torpedo it. That would be my reading. If it wasn’t for Trump we would be nearing 50k right now. Been reading so much bullshit about the US going down the tubes…

https://www.cnbc.com/2025/05/02/jobs-report-april-2025.html

[BarelyHatch lııllı|̲̅̅●̲̅̅|̲̅̅=̲̅̅|̲̅̅●̲̅̅|llıl]

gonna be hard to keep up the narrative that Trump is cratering the economy when the DJ is up almost 8% for the month
(yes it's down 2.5% since 1/20...but that really not that insane either after reaching 44k)

[Julian, Hyperpop SLUTFUCK]

gonna be hard to keep up the narrative that Trump is cratering the economy when the DJ is up almost 8% for the month
(yes it's down 2.5% since 1/20...but that really not that insane either after reaching 44k)

It wouldn’t be hard if the democrats were 25% as good at retail politics as the GOP. How much was the DJ up over the run of Joe Biden’s administration and yet how much was it the consensus of every man, woman, and child in this country that the economy was in the toilet come election time?

[BarelyHatch lııllı|̲̅̅●̲̅̅|̲̅̅=̲̅̅|̲̅̅●̲̅̅|llıl]

gonna be hard to keep up the narrative that Trump is cratering the economy when the DJ is up almost 8% for the month
(yes it's down 2.5% since 1/20...but that really not that insane either after reaching 44k)

It wouldn’t be hard if the democrats were 25% as good at retail politics as the GOP. How much was the DJ up over the run of Joe Biden’s administration and yet how much was it the consensus of every man, woman, and child in this country that the economy was in the toilet come election time?

ding, ding, ding!!!!
the chart durring Joe is just about the best run in my lifetime...yet most people are like 'that biden economy, my 401k was screwed'
but they likely didn't actually do the math and realize they made more under biden than any president in their lifetime

[Space Freely]

gonna be hard to keep up the narrative that Trump is cratering the economy when the DJ is up almost 8% for the month
(yes it's down 2.5% since 1/20...but that really not that insane either after reaching 44k)

It wouldn’t be hard if the democrats were 25% as good at retail politics as the GOP. How much was the DJ up over the run of Joe Biden’s administration and yet how much was it the consensus of every man, woman, and child in this country that the economy was in the toilet come election time?

Many Trump voters have neither 401Ks or stock market investments.

[hutch]

Way oversimplifying

Did the stock market do well under Joe? Yes, very. BUT we were coming out of COVID, there had been really easy money out there, consumers were making up for lost time.

Too much so unfortunately. Supply couldn’t keep up and or ramp up fast enough. The government had printed billions and handed them out, interest rates had gotten ridiculously low….

This all led to inflation like we hadn’t seen in our lifetime. Inflation hit the lower and middle class hard. It’s regressive. Sure, people with stocks etc did well there but also things became more expensive. And there are many people out there without stocks or retirement plans. They didn’t benefit from stocks going up and got the inflation which affected them more…


I don’t know how liberals continue to ignore this….a liberal saying stocks went up sitting in his million dollar home is just totally out of touch with a majority of Americans living paycheck to paycheck and struggling with inflation and fairly sticky wages. They are falling behind and they feel it.

Having said that of course democrats should have hyped the stock market but more importantly they should not have completely ignored inflation and immigration.

[hutch]

I mean an $800K home in 2018 shot up to $1.3 million 5 years later.

That may be welcome news for the person who bought that 800K home but what about those that need housing today?

Until liberals understand and begin to talk about these things - instead of “did you hear what Trump said!!” And “Orangeman bad”-we are doomed.

[BarelyHatch lııllı|̲̅̅●̲̅̅|̲̅̅=̲̅̅|̲̅̅●̲̅̅|llıl]

Ok, those are some good arguments

we did have it good for soo long in the US
easy to forget we've had almost no noticeable inflation since the mid 80s
and overall goods became cheaper to thwart that

for instance, gas
welp it sure seemed cheaper getting gas in the $1.xx range in the 80s, but it's actually cheaper today (and cars are WAY more effienct)
 $1.19 in 1980 is equivalent to about $4.54 in today’s dollars


I'm sorry, I'm still a little perplexed how the stock markets are just so bullish on the future with what we know today and how the last 100 days have been
I really would have thought investors would be running for the doors

I hear a lot of my liberal friends with their plans on divesting from the american markets
I have to think they are wrong because why on earth would the big money act like it is now, while they may like trump...they like their money more

[hutch]

Well I wouldn’t say we had it good except on inflation ….the last great economic boom was the 1990s. But inflation has made it that much harder for many Americans to make ends meet. Also, people measure how they are doing compared to others and it’s become an increasingly unequal society. Increasing inequality - in addition to inflation- also fosters bitterness and feelings of resentment. A sense that it’s all rigged. In addition, expectations about standards of living go up over time so when we find ourselves stagnating we get bitter cause we expect to do better over time: to make progress. Add to that the new reality were many people go from job to job year to year instead of counting on one or two jobs over a lifetime and it’s no wonder people are becoming bitter. There’s a lot of social psychology to all of this…

[BarelyHatch lııllı|̲̅̅●̲̅̅|̲̅̅=̲̅̅|̲̅̅●̲̅̅|llıl]

goodness the DJI can't be stopped, just topped a 10% gain since that massive drop when he did the tariff malarky

We are still below when he started 44,500
a -5.5% drop which isn't nothing
YTD is only around -2%

quite a comeback and much better than the 10% drop


Those who bought on the dips were definitely rewarded here

[BarelyHatch lııllı|̲̅̅●̲̅̅|̲̅̅=̲̅̅|̲̅̅●̲̅̅|llıl]

Trumpfi issued a buy

Trump: "You better go out and buy stocks now. Let me tell you. This country will be like a rocket ship that goes straight up."

[hutch]

If every time we “negotiate “ a crap deal (compared to what we had under Biden) Wall Street is going to go crazy then I guess he is right…it’s just weird

[hutch]

US-China trade deal announced. We give them California and they agree to sell us stuff again. #winning #TrumpMasterNegotiator


I know it’s terrible but I have zero faith in this administration.

[Cock Van Der Palm]

Is it possible to have less than zero?

US-China trade deal announced. We give them California and they agree to sell us stuff again. #winning #TrumpMasterNegotiator


I know it’s terrible but I have zero faith in this administration.