Elite cult members deem Mayorkas is doing a wonderful job.

WhatsHisNuts

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Nice source! :ROFLMAO:
 

yyz

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You only embarrass yourself, dipshit.

How come you never mention the stock market anymore? Up ten straight days!!!!

Life is pretty good. But......you already know that

😘😘😘
 

Morris

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It's obvious you don't have a 401k.
I'm not going to get into a pissing match with you but everyone knows retirement accounts lost trillions in 2022.
 

Smitty

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January 20, 2021 the Dow opened at 31,017.54. Today it closed at 35,225.18. Up 13.6%. Not great for 2.5 years, but not bad considering all the chaos with the economy in that time.

Perhaps more telling, since the stock market is forward-looking, the Dow closed at 26,925.05 on 11/2/20 (last day before Election Day). So it's up 31% since Biden won the office.

I think it's funny that from 11/2 through closing on 11/4, the Dow jumped 3.4%. Wall Street likes stability and predictability, and they knew that was coming with the Biden administration. They were happy even though they knew they might face more regulation.
 

Smitty

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retirement accounts lost trillions in 2022.
that's only because the dow happened to hit it's all-time high on 1/4/22. so if you're measuring anything from the beginning of 2022, sure, the dow is going to be down from that point. you're only really losing money if you sell. which plenty of people did, because they don't understand the stock market.
 

yyz

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that's only because the dow happened to hit it's all-time high on 1/4/22. so if you're measuring anything from the beginning of 2022, sure, the dow is going to be down from that point. you're only really losing money if you sell. which plenty of people did, because they don't understand the stock market.

That's exactly right. But, if you're a perpetual pisser and moaner about EVERY FUCKING THING during the current administration, well, have at it.

The true beauty in all of this? The clown holding office, has NEVER been the reason the market fluctuates. Christ, Bill Clinton would have been made King!

Oh, and a little financial side note from the guy who doesn't have a 401k. Trillions of dollars wasn't "lost". It just changed hands.
 

WhatsHisNuts

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It's obvious you don't have a 401k.
I'm not going to get into a pissing match with you but everyone knows retirement accounts lost trillions in 2022.
The S&P 500 is up 16% YTD and well over 20% since November 2022. We've avoided a recession and have entered a new bull market. We're recovering faster from the worldwide inflation crisis than any other G7 country.
 

DOGS THAT BARK

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The U.S. stock market rout that has put U.S. equities in a bear market isn't just reducing the net worth of billionaires like Elon Musk and Jeff Bezos. It's also taking a toll on Americans' retirement savings, wiping out trillions of dollars in value.

The selloff has erased nearly $3 trillion from U.S. retirement accounts, according to Alicia Munnell, director of the Center for Retirement Research at Boston College. By her calculations, 401(k) plan participants have lost about $1.4 trillion from their accounts since the end of 2021. People with IRAs — most of which are 401(k) rollovers — have lost $2 trillion this year.
 

WhatsHisNuts

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The U.S. stock market rout that has put U.S. equities in a bear market isn't just reducing the net worth of billionaires like Elon Musk and Jeff Bezos. It's also taking a toll on Americans' retirement savings, wiping out trillions of dollars in value.

The selloff has erased nearly $3 trillion from U.S. retirement accounts, according to Alicia Munnell, director of the Center for Retirement Research at Boston College. By her calculations, 401(k) plan participants have lost about $1.4 trillion from their accounts since the end of 2021. People with IRAs — most of which are 401(k) rollovers — have lost $2 trillion this year.
How's it done since this was written?
 

WhatsHisNuts

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Vanguard among others...6-15-2023.....Any other questions??????
My question still stands. How has the stock market done since June of 2022? The article you most recently posted, just tells me what happened in 2022, which is definitely what that "news" outlet would like its readers to focus on.....seems to be working.
 

yyz

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Could you post an article from a few days ago about the crash of 1929?

If you pulled money from your 401k for "hardship" reasons, you were living beyond your means. If you didn't move your money into a more stable vehicle close to retirement, well...... I understand why you'd be bitching, but it's your own fault.
 
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