Some fun facts gleaned from my morning readings: “Since 1939, no matter which party has gained control of Congress, the stock market has risen in the year following a midterm election, according to a US Bank analysis. And though the market's post-midterm performance has varied widely over the years, on average, the outperformance in the modern era has been significant-especially in the first six months after election day. For the six months starting November 1 of each midterm election year going back to 1962, the S&P 500 index has returned a far-above-average 15%”
Just to add to your post ...
"Analysts studied Bloomberg stock market data from the past 60 years, which included 15 midterm elections, and found that the S&P 500 “has historically outperformed the market in the 12-month period after a midterm election, with an average return of 16.3%.”
yeah the market hates mystery and surprise...after DC has sorted itself out and we know who will run things, people feel safer placing bets. Doesn't matter too much who runs the show....only that the mystery is over.
"Analysts studied Bloomberg stock market data from the past 60 years, which included 15 midterm elections, and found that the S&P 500 “has historically outperformed the market in the 12-month period after a midterm election, with an average return of 16.3%.”
yeah the market hates mystery and surprise...after DC has sorted itself out and we know who will run things, people feel safer placing bets. Doesn't matter too much who runs the show....only that the mystery is over.
CORRECT! That's something that moron Trumpers don't understand.
Interesting that now the Dow is down ONLY 4.81% YTD. That is CRAZY considering all of the uncertainties and high inflation this year. Not bad enough for the Trumpers.
I am down 15.22% though YTD and WILL lose to the Dow big time this year. Meh.
Some fun facts gleaned from my morning readings: “Since 1939, no matter which party has gained control of Congress, the stock market has risen in the year following a midterm election, according to a US Bank analysis. And though the market's post-midterm performance has varied widely over the years, on average, the outperformance in the modern era has been significant-especially in the first six months after election day. For the six months starting November 1 of each midterm election year going back to 1962, the S&P 500 index has returned a far-above-average 15%”
More 2022 review...this is one of my favorite bits of the crypto debacle....that matt damon advert in january 2022. Using an A list celebrity to suck people into....a bubble of air. oh people.
southpaw @nycsouthpaw Just want to put a marker on this. We now have primetime nfl broadcast ads featuring movie stars valorizing as the next frontier of human exploration passive investments in a wholly artificial class of assets—where your return depends on attracting more investors to the scheme.
Just want to put a marker on this. We now have primetime nfl broadcast ads featuring movie stars valorizing as the next frontier of human exploration passive investments in a wholly artificial class of assets—where your return depends on attracting more investors to the scheme. pic.twitter.com/abNLmPexxd
Some fun facts gleaned from my morning readings: “Since 1939, no matter which party has gained control of Congress, the stock market has risen in the year following a midterm election, according to a US Bank analysis. And though the market's post-midterm performance has varied widely over the years, on average, the outperformance in the modern era has been significant-especially in the first six months after election day. For the six months starting November 1 of each midterm election year going back to 1962, the S&P 500 index has returned a far-above-average 15%”
yeah the market hates mystery and surprise...after DC has sorted itself out and we know who will run things, people feel safer placing bets. Doesn't matter too much who runs the show....only that the mystery is over.
CORRECT! That's something that moron Trumpers don't understand.
Interesting that now the Dow is down ONLY 4.81% YTD. That is CRAZY considering all of the uncertainties and high inflation this year. Not bad enough for the Trumpers.
I am down 15.22% though YTD and WILL lose to the Dow big time this year. Meh.
I guess the moron Trumpers got a hold of the Dow stocks to drive them back down 6% YTD. Jeez the power of those guys.
More 2022 review...this is one of my favorite bits of the crypto debacle....that matt damon advert in january 2022. Using an A list celebrity to suck people into....a bubble of air. oh people.
southpaw @nycsouthpaw Just want to put a marker on this. We now have primetime nfl broadcast ads featuring movie stars valorizing as the next frontier of human exploration passive investments in a wholly artificial class of assets—where your return depends on attracting more investors to the scheme.
Some fun facts gleaned from my morning readings: “Since 1939, no matter which party has gained control of Congress, the stock market has risen in the year following a midterm election, according to a US Bank analysis. And though the market's post-midterm performance has varied widely over the years, on average, the outperformance in the modern era has been significant-especially in the first six months after election day. For the six months starting November 1 of each midterm election year going back to 1962, the S&P 500 index has returned a far-above-average 15%”
Where do you find this stuff? I mean, the guy can't even punctuate the title correctly.
That's as far as I got, btw.
The cult of central bank exploits the many to enrich the few. No punctuation necessary.
The problems only start there,
Have you read it?
It's atrocious. A real embarrassment. Please tell me you didn't read it, because it's garbage.
FIrst few paragraphs:
"Greed is a powerful motivation to be an ardent believer in the central banking cult. The ideal cult convinces its followers that it isn't a cult, it's simply the natural order of things. In current terms, this normalizes insane behaviors and beliefs. Sacrificing youth to appease the gods isn't a cult; it's simply the natural order of things. If we don't sacrifice youth, bad things will happen, so we have to follow the natural order of things. Despite the lofty claims made by our rational mind, we want to hear and obey the voices of the gods. This non-rational desire is the root of cults and episodes of mass hysteria, i.e. the madness of crowds. Humanity is in the grip of the secular cult of central banking. The cult's seers and prophets periodically emerge with arcane signs and readings, offering divinations to guide the followers."
WIth as much real data as one might latch onto with the central bank, he has to bask in metaphors and vagaries?
The cult of central bank exploits the many to enrich the few. No punctuation necessary.
The problems only start there,
Have you read it?
It's atrocious. A real embarrassment. Please tell me you didn't read it, because it's garbage.
FIrst few paragraphs:
"Greed is a powerful motivation to be an ardent believer in the central banking cult. The ideal cult convinces its followers that it isn't a cult, it's simply the natural order of things. In current terms, this normalizes insane behaviors and beliefs. Sacrificing youth to appease the gods isn't a cult; it's simply the natural order of things. If we don't sacrifice youth, bad things will happen, so we have to follow the natural order of things. Despite the lofty claims made by our rational mind, we want to hear and obey the voices of the gods. This non-rational desire is the root of cults and episodes of mass hysteria, i.e. the madness of crowds. Humanity is in the grip of the secular cult of central banking. The cult's seers and prophets periodically emerge with arcane signs and readings, offering divinations to guide the followers."
WIth as much real data as one might latch onto with the central bank, he has to bask in metaphors and vagaries?
It is recognized that economic inequality has increased the last decade. It is a fact that the economy created by the Fed cannot function without below market interest rates, and excessive liquidity. I believe that there is a better than 50% chance that the Fed is viewed as one of the villains of this era.
The embarrassment is a system that created a handful of once $Trillion companies, Cathie Wood, Elizabeth Holmes, NFTs, meme stocks, and SBF. And interestingly some posters here have convinced themselves it is all normal.
It's atrocious. A real embarrassment. Please tell me you didn't read it, because it's garbage.
FIrst few paragraphs:
"Greed is a powerful motivation to be an ardent believer in the central banking cult. The ideal cult convinces its followers that it isn't a cult, it's simply the natural order of things. In current terms, this normalizes insane behaviors and beliefs. Sacrificing youth to appease the gods isn't a cult; it's simply the natural order of things. If we don't sacrifice youth, bad things will happen, so we have to follow the natural order of things. Despite the lofty claims made by our rational mind, we want to hear and obey the voices of the gods. This non-rational desire is the root of cults and episodes of mass hysteria, i.e. the madness of crowds. Humanity is in the grip of the secular cult of central banking. The cult's seers and prophets periodically emerge with arcane signs and readings, offering divinations to guide the followers."
WIth as much real data as one might latch onto with the central bank, he has to bask in metaphors and vagaries?
It is recognized that economic inequality has increased the last decade. It is a fact that the economy created by the Fed cannot function without below market interest rates, and excessive liquidity. I believe that there is a better than 50% chance that the Fed is viewed as one of the villains of this era.
Yet the right seems so vehemently opposed to the current administration's many efforts to address said income inequality.
And I don't know what you mean about excessive liquidity or how the Fed created it. They took drastic measures during the worst crisis this country has faced in decades to keep the economy from collapsing and from people losing homes, incomes, everything. Their measures were largely understood to be a bridge to when the economy could withstand a return to normalcy. That is the period we find ourselves in now, and it is no surprise when looked at from a larger perspective including what got us here.
It is recognized that economic inequality has increased the last decade. It is a fact that the economy created by the Fed cannot function without below market interest rates, and excessive liquidity. I believe that there is a better than 50% chance that the Fed is viewed as one of the villains of this era.
Yet the right seems so vehemently opposed to the current administration's many efforts to address said income inequality.
And I don't know what you mean about excessive liquidity or how the Fed created it. They took drastic measures during the worst crisis this country has faced in decades to keep the economy from collapsing and from people losing homes, incomes, everything. Their measures were largely understood to be a bridge to when the economy could withstand a return to normalcy. That is the period we find ourselves in now, and it is no surprise when looked at from a larger perspective including what got us here.
But agip says things are so good.
You honestly have no clue about the $8.7 Trillion Fed balance sheet? Or, the unholy alliance between the Treasury and Fed? Fed absorbs overspending of the nation? Finances via backdoor corporate buybacks? Just a conspiracy theory?
