record highs on 3 US stock indexes

Each of the major U.S. stock indexes closed Wednesday at record highs.


If this topic comes up during the Biden Trump debates, wonder what Trump will have
to say.

If you think Biden and his Bidenomics are responsible for this then you are sadly mistaken.

We need highs how do think Biden going win if the feds refuse rate increases gas will be close if not a all time high but a down stock market Biden doesn't have chance.

If you think Biden and his Bidenomics are responsible for this then you are sadly mistaken. Originally Posted by golferguy55

Would you like to expound on that statement please.

To what do you credit with the results?

If you think Biden and his Bidenomics are responsible for this then you are sadly mistaken. Originally Posted by golferguy55

I'm calling bull shit on that Golfer Guy. When price levels rise, then shouldn't share indices rise too? And who can you credit more than Joe Biden and Bidenomics for the 20% cumulative inflation since he took office? The market has performed exceptionally well under Biden, rebounding from the dark days of COVID!

Too bad the wages of the workingman didn't keep up with inflation though.

Biden hasn't done as well as Robert Mugabe in Zimbabwe and the Kirchner's in Argentina. They presided over increases in share prices that make the performance of our indices look pretty anemic. But give Biden time, he might just match them assuming he gets a second term and the Elizabeth Warren/Bernie Sanders/AOC wing of the Democratic Party takes control of Congress.

Would you like to expound on that statement please.

To what do you credit with the results? Originally Posted by txdot-guy

Jerome Powell and the federal reserve. And Tiny you can call BS until the cows come home but me do think that some of you frequent posters who seem to live on this site need to get a better picture of how this all works.

Jerome Powell and the federal reserve. And Tiny you can call BS until the cows come home but me do think that some of you frequent posters who seem to live on this site need to get a better picture of how this all works. Originally Posted by golferguy55

You don’t have a very good eye for sarcasm Golfer Guy. I strongly agreed with you, although I might not give as much credit to the Fed as you do. The cut in the federal corporate income tax rate from 35% to 21% in 2018 certainly helped. You can point to American business, American workers, the rule of law, corporate earnings, free markets, technology and animal spirits as well.

I think the Fed kept interest rates too low for too long. That might have helped the market at the time, but, along with too much fiscal stimulus (that is, Bidenomics), it played a part in goosing inflation.

You don’t have a very good eye for sarcasm Golfer Guy. I strongly agreed with you. Originally Posted by Tiny

I guess my sarcasm meter was running on empty and sorry about that Tiny. Must be this enjoyable weather at my summer home in New Mexico. But I will say that it literally astounds me when people think that Biden is responsible for the markets upsurge. My portfolio made $$ during the Trump era just as it has during the Biden era and I attribute more to having one hell of a broker. And I can assure you that I am probably much younger than most of the posters here and have been retired for a couple of years now.

My portfolio made $$ during the Trump era just as it has during the Biden era and I attribute more to having one hell of a broker. Originally Posted by golferguy55

The stock market went up under both presidents but for different reasons. Your broker is probably pretty good. The stock market is going in one direction basically. A really good broker can make money when the markets are going up or down.

Would you like to expound on that statement please.

To what do you credit with the results? Originally Posted by txdot-guy

Markets are going up under Biden for two reasons, Bidenomics is working and investors(institutional traders) are buying AI stocks right now. The Gov partnered with Microsoft to make new plant in Wisc for AI research.

If the market was declining, who would get the blame.....the Biden administration.


As the three US indexes are at all time highs, the Biden administration will get credit.


That is the way things work in the real world.



Even Trump is trying to take credit, as his take is he laid the foundation for what is happening.

Each of the major U.S. stock indexes closed Wednesday at record highs. Originally Posted by VitaMan

Yes, indeed. And how very impressive!

And just think ... Joey and his budget-busting buddies in congress have accomplished this while holding the sustained and projected annual run rate of deficit spending to only about the $2+ trillion range.

Also, Joey's most ardent fanboys and fangirls might consider this:

The broad market (S&P 500) only has to climb about 25% from today's level to equal its performance during Donald's 4-year term!

Too bad the wages of the workingman didn't keep up with inflation though.

Just a hunch, but I'm guessing that's why polls show that Joey's approval rating is hovering around the 40% or even sub-40% level.

Biden hasn't done as well as Robert Mugabe in Zimbabwe and the Kirchner's in Argentina. They presided over increases in share prices that make the performance of our indices look pretty anemic. But give Biden time, he might just match them assuming he gets a second term and the Elizabeth Warren/Bernie Sanders/AOC wing of the Democratic Party takes control of Congress. Originally Posted by Tiny

Yeah! But why stop there? Let's go for the full monty!

To be sure, giving Bernie and E-War a free hand in the Senate would be a good start, along with installing AOC as House Ways and Means Chair (or even Speaker).

But for the icing on the cake:

Professor Stephanie Kelton in the Fed chair.

Investors and traders all over the land will be singing then!

The fact that the first comment within 30 minutes states the Biden administration can't take credit, and the recent statement once again rehashing historical perspectives, pretty much sums it up. Exactly like the last time this was discussed.


Gotta be sure nothing positive is given to the Biden administration.....right ?


The Trumpeter wants to take credit for it, though.

And yet you still do not understand that Biden nor any other administration has very much if any control over the market moves.

Just believe what you want.


Like any CEO of a large company, they get too much credit for success, and too much blame for failure.


The facts however, are all 3 US indexes made record highs. So the Biden administration will receive credit for that.