GetOffYourGas
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Re: Trump EV/alternative energy/climate/environmental policy bashing and discussion

Thu Jan 26, 2017 11:51 am

WetEV wrote:http://www.publicpolicypolling.com/main ... -pick.html
Only 41% of Trump voters say that the stock market went up during the Obama administration. 39% say it went down, and another 19% say they're not sure.
Go to any market information service, and verify for yourself. The market was up. Dow Jones, S&P500, NASDAQ, and any other broad average you care to look at.

A serious question:

Why can 39% of Trump's voters think otherwise?
I'm assuming that either 1) they didn't have access to market information (easily found on Google, of course, but maybe they didn't have access to the internet when they were asked?) 2) they didn't bother checking, and just assumed Obama = bad.

I'm guessing it was (2).
~Brian

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GetOffYourGas
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Re: Trump EV/alternative energy/climate/environmental policy bashing and discussion

Thu Jan 26, 2017 11:53 am

P.S. We are also skewed by our own circumstances. Perhaps many of those 39% lost their jobs or got somehow economically "downsized" in the past 8 years. That could lead to the perception that the stock market has dropped, along with other economic indicators.
~Brian

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Durandal
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Re: Trump EV/alternative energy/climate/environmental policy bashing and discussion

Thu Jan 26, 2017 2:08 pm

While those who are the most enthusiastic Trump supporters may not have much knowledge or interest in the stock market due to lack of available funds, or being risk averse, the following article has a few good points regarding the DJIA, especially regarding poor performers.
https://qz.com/894558/the-dow-jones-ind ... ow-itself/
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WetEV
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Re: Trump EV/alternative energy/climate/environmental policy bashing and discussion

Thu Jan 26, 2017 2:58 pm

Durandal wrote:While those who are the most enthusiastic Trump supporters may not have much knowledge or interest in the stock market due to lack of available funds, or being risk averse, the following article has a few good points regarding the DJIA, especially regarding poor performers.
https://qz.com/894558/the-dow-jones-ind ... ow-itself/
The first reason (unstated in the article) why a stock average has grown is the the real economy (after inflation) has grown.

The second reason is inflation.

The third reason (unstated in the article) is corporate profits have grown faster than the economy.

Replacing companies would only matter if the stock picks for the index can pick better stocks than the average stock picker. As the DJIA has grown slower than the total stock market, this seems that had has a negative effect on the Dow. This isn't unexpected. Actively managed mutual funds average a smaller return than index funds. Sure, you might do better with an actively managed index or fund over a time period, but more than likely the passive index wins out.

Oh, and Trump is using gmail for the POTUS Twitter account.

Image

Fix your security settings ASAP!

http://money.cnn.com/2017/01/24/technol ... -security/
WetEV
#49
Most everything around here is wet during the rainy season. And the rainy season is long.
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LKK
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Re: Trump EV/alternative energy/climate/environmental policy bashing and discussion

Thu Jan 26, 2017 6:22 pm

Quote heard today: "more whoppers being produced by the White House than McDonalds".

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LTLFTcomposite
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Re: Trump EV/alternative energy/climate/environmental policy bashing and discussion

Thu Jan 26, 2017 9:52 pm

LKK wrote:Quote heard today: "more whoppers being produced by the White House than McDonalds".
Considering McDonalds makes zero whoppers I guess that's a compliment.

Shows how you can really screw up on the delivery.
LTL
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LTLFTcomposite
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Re: Trump EV/alternative energy/climate/environmental policy bashing and discussion

Thu Jan 26, 2017 10:22 pm

S&P 500 is a better indicator than DJIA with only 30 stocks.

Still you can't argue there hasn't been a run-up since the election, and when searching for an explanation of the timing, nostalgia over the last eight years of policy seems implausible. No, the explanation is much simpler, based in the harsh realities of a world that doesn't care about snowflakes, just profits, and Trump's promise to align corporate tax rates with the rest of the world's advanced economies that don't have a death wish or a preoccupation with health care equality, who uses what public restroom or whatever other manufactured social injustice de jour means the future is just a little brighter now for corporations. Big, bad corporations, they don't care about the wall or how many gang murders there are in Chicago, just the bottom line.
I'm not saying it's right, just that's how it is. For all I know we'd be better off with a 75% corporate tax rate and five years of family leave for everyone. Tesla can afford it, they have plenty of money.
LTL
White 2012 SV delivered 10 Dec 2011 returned 25 Nov 2014 replaced with stopgap ICE Sentra
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WetEV
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Re: Trump EV/alternative energy/climate/environmental policy bashing and discussion

Fri Jan 27, 2017 6:35 am

LTLFTcomposite wrote:S&P 500 is a better indicator than DJIA with only 30 stocks.
Sure, and Wilshire 5000 better still.
LTLFTcomposite wrote:Still you can't argue there hasn't been a run-up since the election, and when searching for an explanation of the timing, nostalgia over the last eight years of policy seems implausible.
The last 8 years have been pretty good... You do know how the stock market has done very well under Obama, don't you? Or are you in the 39% of Trump voters that thinks the stock market went down under Obama?

A better test of Trump's promises will be in 2 years. He has promised a fairer deal to workers, return to the Coal Age for coal miners, "cleaner air", lower taxes, balanced budget and so forth. Nice sales pitch.

Reality is that you can't give more to everyone. So who will get the short straws? If workers, the stock market might be doing fine, but the midterm elections might well be very interesting for Trump and his Republicans. If coal, then natural gas prices will drop and also not cleaner air. If lower taxes, then exploding deficit and/or massive spending cuts. If curbing imports, then higher prices for consumers at minimum and perhaps a trade war.

I wonder if every time you write "snowflake", you convince another non-voter to go and vote against Trump and his Republicans in the midterms. Treating people with contempt rarely wins friends.
WetEV
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GetOffYourGas
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Re: Trump EV/alternative energy/climate/environmental policy bashing and discussion

Fri Jan 27, 2017 6:39 am

LTLFTcomposite wrote:
LKK wrote:Quote heard today: "more whoppers being produced by the White House than McDonalds".
Considering McDonalds makes zero whoppers I guess that's a compliment.

Shows how you can really screw up on the delivery.
:lol:
~Brian

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WetEV
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Re: Trump EV/alternative energy/climate/environmental policy bashing and discussion

Wed Feb 08, 2017 1:16 pm

WetEV
#49
Most everything around here is wet during the rainy season. And the rainy season is long.
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