These Trump voters cheer stock highs, but aren't invested

[IronLionZion]

Make rich people richer and it will trickle down all over us eventually right? Some people might get hosed.

I would hope people would have at least a retirement account for when they decide we can no longer afford lavish entitlements like social security or medicare.

I would advise the Trumps to sell off their real estate holdings and put it all into bitcoin and other cryptocurrency.

[JDC]

1. The last guy had a handle on it

The others just aren't that smart. I hate to say that, but it's clear on so many levels.

[FakeNoose]

2. Somebody should explain this to the Trump voters

[heaven05]

3. idiots that hate

can't reason....dontheboypotusPOS brought them out of the woodwork...not enough d-con in the whole world to to get rid of this rat scrouge.

[GreenEyedLefty]

4. There are more of us than there are of them.

By "them" I mean Trump voters.

I actually agree with the people in the video that the performance of the stock market is a decent indicator of the health of the economy.

[IronLionZion]

5. Or it's propped up by wishful thinking and speculation

rather than fundamental valuation

[GreenEyedLefty]

6. That's a valid concern, for sure.

Does anyone know, though? It seems like stock markets rise and fall on feelings more than facts.

[htuttle]

7. My brother's been a professional broker for 20 years

He says to me, "Why do stocks go up? People buy them. Why do they go down? People sell them. Nothing more to it."

It's 100% emotion.

Emotion might be affected by outside factors like the state of the economy, but that's just one factor of many. Mostly it's about stock traders' perceptions of what the other stock traders are doing. At least on the professional level.

Little guys like me worry about fundamentals. Which is why I don't trade stocks.

[IronLionZion]

10. That gets to the core principles of value investing

people like Warren Buffett and John Templeton made their fortunes by picking stocks that have strong fundamentals but are out of favor with the rest of the investors and are trading at low prices. (buy when everyone else is selling and patiently save your money when everyone else is buying)

Unfortunately sharks like Donald Trump have also done a version of this with real estate but also do nefarious things behind the scenes to help crash the market so they can buy on the cheap while screwing others over.

[tomhagen]

8. It means the Rich get Richer. It means you get nothing because nothing trickles down to you

[tomhagen]

9. Still they Bleeeeeve

[Perseus]

11. "I would advise the Trumps..."

"I would advise the Trumps to sell off their real estate holdings and put it all into bitcoin and other cryptocurrency."

That is a good advise if you want them to loose everything in a year or two, and by the punch line (the litle devil), I assume that is the intent? Not that I am against your advise to them, I just feel that it is not an advise that other DUers may want to follow...of course that is just my opinion on Bitcoin and cryptocurrency as an industry, my thought is that is more of a scam. I understand many people have made a bundle, but is it at peak now, just waiting for that bubble to explode?

[IronLionZion]

12. Absolutely a bubble that will pop hard

sheer volatility alone makes it unsuitable to use as a currency for legitimate transactions. How can one buy stuff with something when the price swings so wildly? It's hard to price things in digital currency.

It has other problems like the lack of sound valuation methods or effective regulation, and frequent cyber attacks/theft. And I just don't trust it.

DUers would do well to avoid it.

[ffr]

13. I'm okay with others who are. tRump sticks it to the liburals.

And that's all that they care about.