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Post by cadman on Apr 27, 2024 6:47:51 GMT -5
For some perspective: The S&P 500 is up roughly 20% in the last 12 months. Now tell us what it’s done in the last 40 months. Not nearly as rosy. It was around 3800 in January of 2021, it is now 5099.96 as of closing yesterday. That is a 34% increase in 40 months. Pretty good return.
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Post by ferris1248 on Apr 27, 2024 7:11:01 GMT -5
Pretty damn rosy.
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Post by walkerdog on Apr 27, 2024 10:13:11 GMT -5
Not to the tune of 20% though. 34% would be an average of about 7% compounded. Take out Tarp’s time period and the average for the prior almost 3 years was pretty abysmal.
A 7% average just means it’s almost back to decent.
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Post by ferris1248 on Apr 27, 2024 10:20:06 GMT -5
What is (was) your expectation?
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Post by walkerdog on Apr 27, 2024 12:51:05 GMT -5
I wouldn’t consider 8% to be a great return but I do think it would be considered a decent long-term average by most investors.
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Post by Captj on Apr 27, 2024 12:57:42 GMT -5
It'll never be good for some, but great for others.
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Post by nuevowavo on Apr 27, 2024 13:00:07 GMT -5
For some perspective: The S&P 500 is up roughly 20% in the last 12 months. Inflation causes the price of everything to go up.
Inflation is generally bad for the stock market.
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Post by nuevowavo on Apr 27, 2024 13:14:48 GMT -5
Unemployment is below 4%, has been since 2018 (except for the Covid blip). Companies lay off workers for many reasons, and often in certain industries while others are fine. The economy is fine, but inflation is the problem. Prices for goods have for the most part stabilized, and even dropped in some areas, but the service sector is still an issue there. Part of the services increase is in the financial sector, caused by increased commissions due to the rising markets. Go figure. We've got 7 million new illegal aliens who aren't working (legally), on top of the 20 million who were already here. Are they being counted?
An interesting question. The unemployment number from the BLS uses population numbers from the Census Bureau, so the headline we see every month actually understates employment, since most of the illegals are not counted in the Census, but are counted as employed in the BLS Establishment Survey. The huge wave of illegal immigrants, many of whom work (you call them "illegally" working, but they work, make money and spend money, nonetheless) are an important reason why the labor market isn't any tighter and why wage pressures have moderated. And they're also a contributor to the continuing strength in consumer spending. So in addition to causing an overstatement in unemployment, they are both disinflationary and inflationary at the same time.
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Post by Tarponator on Apr 27, 2024 17:02:23 GMT -5
Of course it does. However, what is the difference between inflation and the S&P? Inflation affects every household in the US. The S&P only affects those who hold stocks. No duh. I was referring to the mathematical difference.
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Post by walkerdog on Apr 27, 2024 17:22:44 GMT -5
He answered the question you asked.
It’s not his fault that he gave an answer that didn’t speak to what you were wanting to know. You should have been more specific in the question you asked.
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Post by tonyroma on Apr 27, 2024 17:30:35 GMT -5
He answered the question you asked. It’s not his fault that he gave an answer that didn’t speak to what you were wanting to know. You should have been more specific in the question you asked. Fortune cookie?
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Post by walkerdog on Apr 27, 2024 17:36:04 GMT -5
Sure!
I’ll take one, if you’re handing them out!
Thanks!
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Post by pinman on Apr 27, 2024 22:01:32 GMT -5
Inflation affects every household in the US. The S&P only affects those who hold stocks. No duh. I was referring to the mathematical difference. One would think that the great orator of all things spelling, grammar, punctuation, and such would know how to properly form a question in order to receive a relevant answer. "Duh".
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Post by Tarponator on Apr 27, 2024 22:05:11 GMT -5
Your inability to recognize the obvious is only surpassed by your inability to answer a simple question.
Neither are my fault, and the question still stands.
Incidentally, you used "orator" incorrectly. I'm not speaking. I'm writing.
Duh.
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Post by Zif on Apr 27, 2024 23:16:56 GMT -5
Your inability to recognize that you got owned is only surpassed by your arrogance and douche-baggery.
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