Dow surges above 30,000 for the first time as investors cheer transition to Biden administration | Markets Insider
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Mario Tama / Getty Images US equities gained on Tuesday as the General Services Administration's ascertainment of President-elect Joe Biden's ...

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  • OhWell [he/him]
    1·
    4 years ago

    As I mentioned elsewhere in this thread, Biden is a known quantity: he’s expected to govern like Obama (stability at home and more imperial chaos abroad), and Wall Street did really well under Obama. Trump was unstable and unpredictable, which is bad for the capitalists’ long-term planning.

    Stock market grew like wildfire under Trump. Wall Street owes a lot to Obama bailing them out during the recession, which kept them afloat while the rest of America suffered the aftermaths of that recession that took years to get out of.

    • TossedAccount [he/him]
      ·
      4 years ago

      The stock market grew like wildfire under Trump, until covid erased that growth setting them back to where they were at the end of Obama.

      • OhWell [he/him]
        1·
        4 years ago

        Which is why Trump would've won re-election hands down without COVID.