topic Re: Stocks Hit Record High in Community Chat

Stocks Hit Record High

chessylady — Thu, 14 Dec 2023 23:30:57 GMT

People who own stocks or who have stocks in their pension have a reason to be happy today since stocks hit a record high. Inflation is down and Christmas shopping is vigorous this year. Unemployment is down. You can't argue with success.

Re: Stocks Hit Record High

Mersha — Fri, 15 Dec 2023 00:00:31 GMT

Not to mention the US Economy added 336,000 jobs in September, almost twice the amount expected.

Last time I filled up with gas the price was 2.89/gal. in Maryland.

Win/win all around.

Re: Stocks Hit Record High

Zwervend — Thu, 14 Dec 2023 23:47:59 GMT

@chessylady wrote:
People who own stocks or who have stocks in their pension have a reason to be happy today since stocks hit a record high. Inflation is down and Christmas shopping is vigorous this year. Unemployment is down. You can't argue with success.

Yeah, but someone here will! It is the Q boards after all.

Not only are asset values up, one of the fund companies that I use paid out their big, annual capital gains distributions yesterday. My investments are looking quite healthy.

Re: Stocks Hit Record High

tansy — Thu, 14 Dec 2023 23:48:36 GMT

@chessylady wrote:
People who own stocks or who have stocks in their pension have a reason to be happy today since stocks hit a record high. Inflation is down and Christmas shopping is vigorous this year. Unemployment is down. You can't argue with success.

Yet people will continue to argue...😵‍💫😏😜

Re: Stocks Hit Record High

Carmie — Thu, 14 Dec 2023 23:51:11 GMT

Now if only people made enough money to afford the essentials.

There are so many people needing help to just buy food. Food insecurity has doubled from the year 2020.

Our economy looks great on paper, but the reality is dire. We're in an urgent crises.

Re: Stocks Hit Record High

Mersha — Thu, 14 Dec 2023 23:54:40 GMT

@tansy wrote:

@chessylady wrote:
People who own stocks or who have stocks in their pension have a reason to be happy today since stocks hit a record high. Inflation is down and Christmas shopping is vigorous this year. Unemployment is down. You can't argue with success.
Yet people will continue to argue...😵‍💫😏😜

@tansy They just can't help themselves.

Re: Stocks Hit Record High

spiderw — Thu, 14 Dec 2023 23:55:02 GMT

I was at lunch with childhood girlfriends today and talking about this. It was uplifting to talk about something positive and feel hope. Yes, there is a lot of negative going on but I also believe there is much more good and I see it everyday. It is a healthy feeling.

Re: Stocks Hit Record High

chessylady — Thu, 14 Dec 2023 23:55:18 GMT

@Carmie Merry Christmas and Happy New Year!

Re: Stocks Hit Record High

kaydee50 — Thu, 14 Dec 2023 23:57:19 GMT

And the 30 year mortgage rate is under 7%.

Re: Stocks Hit Record High

Carmie — Thu, 14 Dec 2023 23:57:28 GMT

@chessylady Thanks. Same to you and your family. I hope we all have a great and prosperous new year too.

Re: Stocks Hit Record High

Cakers3 — Thu, 14 Dec 2023 23:58:13 GMT

@Mersha wrote:
Not to mention the US Economy added 336,000 jobs in November, almost twice the amount expected.

Last time I filled up with gas the price was 2.89/gal. in Maryland.

Win/win all around.

@Mersha 336,000 was in September.

November came in at 199,000. The net gain is estimated to be lower at 160,000 due to one time gains such as striking manufacturing employees and striking members of the writer's guild returning to work.

Re: Stocks Hit Record High

Mersha — Fri, 15 Dec 2023 00:01:25 GMT

I stand corrected for listing the incorrect month.

November has indeed been changed to September.

Re: Stocks Hit Record High

haddon9 — Fri, 15 Dec 2023 00:10:54 GMT

@chessylady wrote:
People who own stocks or who have stocks in their pension have a reason to be happy today since stocks hit a record high. Inflation is down and Christmas shopping is vigorous this year. Unemployment is down. You can't argue with success.

@chessylady The rate of inflation rising is down but inflation itself is not. Prices are still higher than last year and the year before.

Re: Stocks Hit Record High

JaneMarple — Fri, 15 Dec 2023 02:21:10 GMT

@haddon9 wrote:
@chessylady wrote:
People who own stocks or who have stocks in their pension have a reason to be happy today since stocks hit a record high. Inflation is down and Christmas shopping is vigorous this year. Unemployment is down. You can't argue with success.
@chessylady The rate of inflation rising is down but inflation itself is not. Prices are still higher than last year and the year before.

@haddon9 , Prices are high because of corporate greed, many companies have been in the news lately for inflating their prices for food and other essentials.

Just a week or two ago the two largest supplier of eggs in the country have listed record profits because of the above practice.

Re: Stocks Hit Record High

Pong3 — Fri, 15 Dec 2023 03:00:30 GMT

Good news.

Re: Stocks Hit Record High

Rockycoast — Fri, 15 Dec 2023 08:10:59 GMT

Continued excellent news for the economy. Good for the country. Food prices down, gas prices down, jobs up, wages up, keep a good thing going!

Re: Stocks Hit Record High

skatting44 — Fri, 15 Dec 2023 10:09:47 GMT

New York CNN —

" US inflation has had a snowballing effect on family budgets.

The typical American household spent $709 more in July than they did two years ago to buy the same goods and services, according to Moody’s Analytics. "

Re: Stocks Hit Record High

skatting44 — Fri, 15 Dec 2023 10:13:44 GMT

" According to a Bloomberg analysis, the average middle-class household has lost over $33,000 in real wealth in just the past year. "

Re: Stocks Hit Record High

ID2 — Fri, 15 Dec 2023 10:37:54 GMT

There is absolutely good about todays economy. Nothing to be happy about. We are all in a sinking ship. Face reality.

Re: Stocks Hit Record High

Greeneyedlady21 — Fri, 15 Dec 2023 12:14:09 GMT

@ID2 wrote:
There is absolutely good about todays economy. Nothing to be happy about. We are all in a sinking ship. Face reality.

That's your reality, because you want it to be for obvious reasons.