Investors Expect Stock Market Gains To Slow Under Biden, New Survey Finds

[Anonymous]

On Trump's inauguration in January 2016, markets looked like this:



The Dow was at 19,827.25



The Standard & Poor's 500 2,271.31.



The Nasdaq 5,555.33.





Here's the closing day numbers on Trump's last day in office:



The Dow- 30, 930.52



S&P 500 index 500- 3,798.91



Nasdaq- 13,197.18





Even with the once in a century pandemic, the Dow was up over 56 percent, S&P was up over 57 percent and the the Nasdaq soared nearly 238 percent all under Trump's watch.

Imagine how well the markets would have done if China had not deliberately realeased the coronavirus on the world.

[Anonymous]

On Trump's inauguration in January 2016, markets looked like this:



The Dow was at 19,827.25



The Standard & Poor's 500 2,271.31.



The Nasdaq 5,555.33.





Here's the closing day numbers on Trump's last day in office:



The Dow- 30, 930.52



S&P 500 index 500- 3,798.91



Nasdaq- 13,197.18





Even with the once in a century pandemic, the Dow was up over 56 percent, S&P was up over 57 percent and the the Nasdaq soared nearly 238 percent all under Trump's watch.

Those are some impressive stats.



A Biden presidency means tax hikes for most Americans and Businesses, doomed retirement savings accounts and an upcoming economic crisis, that most credible economists are predicting to be far worse than the 2000 dot-com and the 2008 financial crisis combined. On top of that, here are some headwinds facing Jim Crow Joe.



Inflation is increasing at an alarming rate.



Record-breaking bankruptcy claims from both small and large businesses.



Over 5.3 million households missed their mortgage payment while many renters fall behind on rent.



$9 Trillion in stimulus money was printed and spent resulting in a national debt surge to $27 Trillion and forecasted to surpass $30 Trillion.

[Anonymous]

Legendary investor Jeremy Grantham says Biden's $1.9 trillion stimulus plan will make the stock market bubble even worse

https://markets.businessinsider.com/news/stocks/jeremy-grantham-bidens-stimulus-will-inflate-the-stock-market-bubble-2021-1-1029995954#:~:text=Jeremy%20Grantham%20reiterated%20his%20stock,aiding%20production%20and%20capital%20costs">https://markets.businessinsider.com/new ... al%20costs">https://markets.businessinsider.com/news/stocks/jeremy-grantham-bidens-stimulus-will-inflate-the-stock-market-bubble-2021-1-1029995954#:~:text=Jeremy%20Grantham%20reiterated%20his%20stock,aiding%20production%20and%20capital%20costs.



Jeremy Grantham reiterated his stock market bubble concerns in a recent Bloomberg interview.

 

He said Biden's $1.9 stimulus package will make the bubble even worse.



Grantham said a portion of the stimulus will end up in stocks, instead of aiding production and capital costs.

[Anonymous]

The new admonistration's handling of the economy is even worse than I thought it would be. There is absolutely no pragmatism. They are totally ideological treating everything as a crises and not governing objectively.



Biden's Economy Will Be a Train Wreck

Green policies risk the return of inflation





Warning lights should be flashing. Less than a month in, it's becoming evident that President Joe Biden's economic policies are likely to end in disaster. The wrong economic diagnosis and the politics of not letting any crisis go to waste is leading to the most damaging mix of economic policy in decades.



The administration is in thrall to the Keynesian demand-management paradigm that treats every big economic downturn as a potential replay of the Great Depression, thus requiring massive fiscal and monetary stimulus to revive demand. But the Covid slump wasn't driven by lack of demand, but by deliberate policy decisions taken by federal and state governments to close down economic activity for reasons of public health.



For the time being, Covid policy is economic policy. The 11 states with the highest unemployment are all deep blue; they imposed some of the nation's most draconian lockdown policies. Eleven of the 12 states with the lowest unemployment rates are red states. Thus, the pace of economic recovery will be dictated by how quickly the brakes are taken off measures to control the pandemic.



We're already seeing inflation, at least of the policy kind. During the campaign, Biden said that America faced four historic crises, but the one he wanted to talk about was the "punishing reality of climate change" (the others being Covid, the economy, and a "reckoning on race"). By the time of the White House climate change briefing on Jan. 27, the number of crises had grown 50 percent. At that event, John Kerry, Biden's climate envoy, spoke of "all six of the major crises" the president is facing (a reporter added immigration to the list, and Kerry tallied it as six). "Every single one of them is life and death."



Soon enough, the Biden administration will face a crisis of its own making—a policy-driven jobs crisis. As Keystone XL pipeline workers are finding out, creating the jobs of the future apparently involves destroying jobs of the present. As McCarthy coyly explains, "this is all about building the jobs of the future we want, not continuing to niddle at an economy that is no longer going to be where our future lies."



No job can sustainably pay more than the value of the output it generates without permanent subsidies. Incessantly incanting the mantra of "good-paying union jobs" doesn't make it otherwise and can't change the underlying economics of terminating high-productivity oil and gas jobs for low-productivity wind and solar ones. According to the American Enterprise Institute's Mark Perry, it takes one worker in nuclear and natural gas to produce the same amount of electricity as 1.1 in coal, 5.2 workers in wind, and a whopping 45.8 workers in solar. The productivity penalty of wind and especially solar ineluctably means lower wages. "Solar jobs will be everywhere," McCarthy said—implying that lots of poorly paying jobs will replace the high-paying ones that the administration is bent on eliminating.



The president's executive order also states that fighting climate change will be integral to U.S. foreign policy and national security. Though regarding climate change as a dire national security threat is overblown, viewing it through a national security lens can be helpful in one respect. Like fighting a war, fighting climate change requires the deployment of vast resources to a cause yielding little or no direct economic benefit. The benefits of climate policy arise only far into the future—if they arise, for their success depends on all major economies cutting their emissions, not just the United States. The benefits would take the form of reduced adverse impacts, not investments that generate faster economic growth and higher living standards. We sacrifice today for a less-worse future climate at some unspecified date.



Far from being an economic win–win, climate policy is a lose–lose. Replacing energy derived from hydrocarbons with wind and solar energy shrinks the economy's productive potential. Additionally, decarbonizing energy means that it becomes more expensive to make stuff and do things, like heating homes and powering factories. It's why energy costs in Europe are a multiple of those in the United States. Decarbonization is therefore an inflationary double-whammy. It shrinks the output gap as the economy becomes less productive, and by putting more wind and solar on the grid, it makes the grid more fragile and pushes up energy costs, injecting cost-push inflation into the economy.



Chairman Powell might think that the inflation of the 1970s is dead and buried. But he and the Biden administration are doing just about everything to turn the 2020s into a replay.

https://www.theepochtimes.com/bidens-economy-will-be-a-train-wreck_3702320.html?utm_source=newsnoe&utm_medium=email&utm_campaign=breaking-2021-02-18-4">https://www.theepochtimes.com/bidens-ec ... 21-02-18-4">https://www.theepochtimes.com/bidens-economy-will-be-a-train-wreck_3702320.html?utm_source=newsnoe&utm_medium=email&utm_campaign=breaking-2021-02-18-4

[Anonymous]

I have a defined benefit pension place, so I'm unaffected incompetent Joe Biden.  My RRSP's are invested, but I can hold onto them for a long time.

[Anonymous]

I've had my investments for a long time..



I won't be touching them for twelve years..



What I invest in today will be worth more in twelve years just what we invested in twelve years ago is worth more today.