Could This Be A Repeat Of The Go-Go 90's In The Stock Market?

[Billlewis]

One reason why young people are increasingly eying Socialism/Communism as a viable alternative to Capitalism (Spoiler Alert -- It Isn't) is because they haven't received much incentive to either support or invest in the U. S. markets in recent years. Team Trump superstar Scott Bessent wants you to know that the tepid doldrums of the recent past are in the proverbial rear view mirror. This morning, Bessent announced that business equipment production enjoyed its greatest back to back quarterly increase since 1997.

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Then again, swamp denizens like Fed chairman Jerome Powell, who represent permanent Washington and the Deep State, etc want no part of anything like that, unless there's a Dim led administration in town.

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https://www.youtube.com/watch?v=_ECMD5i9lu0

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www.breitbart.com/.../

[Anpu23]

I was in corporate finance in 1989-1990 started my first company in 1990, made my first million in 93. I was there, in all of that, and no this doesn't look or feel anything like that at all.

Trump is killing the country just as he killed all of his businesses. Businesses wants stability, predictability and good supply lines. Trump is killing all of that. Try quoting a building when you don't know how much steel will be in a month or even a week!

Lower corporate tax rates kill innovation and corporate spending and therefore reduce money in the system.

The dollar is dropping like a frigging rock and US securities are being downgraded. No forign companies want to do business with us. And ICE keeps snatching up LEGAL low wage workers to the point no one whos skin is brown wants to risk coming to work.

Meanwhile government support for innovation such as the NSF grant is sketchy at best.

Also critical support for small business has been hamstrung by DOGE, I have a support ticket in for the patent office thats 3 WEEKS old because their website glitched, took my money and didn't give me the necessary receipt that has filing numbers. Can't search for it without the number and I do not know if my patent is even filed! And good luck reaching anyone at a government agency now a days.

No this administration is a joke and is killing our country. I was just asked by one of my business partners if I wanted to. join him in Norway to wait out the storm. Wife is looking at moving to Canada. We've dumped our T-bonds for FOREX most of my friends are feeling the same.

[lightbulb27]

forex meaning foreign currencies?

[Anpu23]

@lightbulb27 yes, forign currency

[WindAtMyBack]

The stock market is a fickle place. In the day-to-day market it's highly reactionary to just about everything. In the long run, it's about the health of the company, which has virtually nothing to do with who is president.

The 90s didn't have a damn thing to do with the president. Or maybe Bill Clinton was involved in the invention of the transistor, or the invention of computers, Or maybe Clinton was the cause of the "dot com" bust in the late 90s..

The boom of the 80s and 90s had almost nothing to do with the presidents.

The economy is like a mountain. The president is like a feather. Does the feather affect the mountain? Well yea, but not too damn much.

[Billlewis]

You say that, apparently blissfully unaware that over the 100 years, no one -- not a single person -- has ever lost money in the U. S. stock market over a ten year period. That is a fact.

[Billlewis]

Over the past hundred plus years. If you put your in a simple index fund or ETF and just left it there, and/or contributed it from time to time, you'd never have lost money, but nowadays especially, nobody saves any money, and then they want to blame the system.

[anon1903]

Definitely.

There's nobody innocent when it comes to political sides.

Said young people should check Animal Farm

[Syntosi]

What are you talking about? The stock market has never been about the people. Normal people do not own stocks and has not own stocks historically. The stock market is a rich mans game to extract money out of the economy and is inherently involved in corruption since it promotes insider trading.

You are correct that people are eying Socialism and Communism because of their personal economic opportunity but you lost me when you somehow tied that to the stock market. It really sounds to me like you have completely lost the plot here.

[Billlewis]

I assume that you haven't heard of the 401k?

[Syntosi]

There are a million different reasons why 401k is not really personal savings in the way we consider, why the rich LOVES that poor people are subsidizing their gambling habits and why a federal retirement savings program outside of the stock market would be so much better.

But sure. Lets hold up the 401k. Do you think that people will become more in favor of the stock market or capitalism because they are paying into a 401k? I would argue that the evidence proves otherwise.

[Billlewis]

So, in other words, you're telling me that just because I was able to be successful with only a high school education, doesn't mean anyone else can? Alright. If you want to be negative, then be negative. I see a lot of positive things going on; maybe it just depends on which side of the divide you're on.

[Syntosi]

No, I am saying that your worldview is wrong and that if you want to try emulate past success you need to look at them objectively rather than your romanticized version where you package it in flattering ideologies and beliefs.

Young people are moving towards Socialism and Communism because they lack opportunity in their capitalist society. This is not a principled stance made on ideological grounds but rather the pragmatic desire for change of any kind. If you join late to a game that is already over then your first instinct is to start over or to change the game.

Trying to get them invested in the stock market or whatever is not going to change this. They are already fed up with what late-stage capitalism has to offer and as proactive members of society they are looking for a solution which turns out to be ditching Capitalism.

Trying to dangle carrots in front of them to try catch their attention is first of all not enough, but also far too late. They are not going to change their minds now and most likely hold these beliefs as a foundation for their entire adult life.

[Avicenna]

But, but, but leftist geniuses here on GAG assured me months ago that a depression was coming……

[DrPepper12]

Wipe your mouth, you have some taint sweat & orange concealer on your lips...🙄

[jamesgoldman]

No idea, I don't trust anything I can hold so will stick with silver and gold

[AngryCarl2]

More like 2008.

[Anonymous]

I believe it's possible.