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re: Why is the stock market rallying right now?
Posted on 2/27/24 at 12:01 am to The Torch
Posted on 2/27/24 at 12:01 am to The Torch
quote:
hey are manipulating things to prop Joe up.
Anyone that stays on X knows all about this. There has been some really good data driven tweets the last few weeks about how they are accomplishing this all time high while most stocks are down over 50% since Biden took office. It’s pretty fascinating how bad the market actually is at the moment but people are being tricked into thinking it’s doing well. When the other shoe drops it’s gonna be scary bad.
Posted on 2/27/24 at 12:06 am to LaBornNRaised
quote:
Anyone that stays on X knows all about this. There has been some really good data driven tweets the last few weeks about how they are accomplishing this all time high while most stocks are down over 50% since Biden took office. It’s pretty fascinating how bad the market actually is at the moment but people are being tricked into thinking it’s doing well. When the other shoe drops it’s gonna be scary bad.
Not sure if serious.
Posted on 2/27/24 at 5:35 am to LaBornNRaised
quote:
Anyone that stays on X knows all about this.
Damn. So all I need to do is get a tweeter account and I’ll have all the real economic and market news?
Posted on 2/27/24 at 8:23 am to LaBornNRaised
Yea, X is where you should get financial analysis. Lol.
Posted on 2/27/24 at 8:30 am to LaBornNRaised
quote:
while most stocks are down over 50%
The Mag 7 is responsible for ~30% of the S&P's growth. This is an incredibly small amount of companies (1.6%) responsible for a vastly disparate amount of growth (and, as such, should be looked at as more of a potential bubble than a permanent fixture), but basic math says that "most stocks" can't possibly be down 50% with the overall market as high as it is even removing that marginal growth.
The S&P is currently at $5,069.53, a year ago it was at $3,982.24. That's $1,087.29 in growth over the last year. Thirty percent of that (Mag 7's contribution) is $326.187. That means without the Mag 7, the market would likely be somewhere around $4,743.34 which would put it at nearly the highest amount (it got only a few points higher toward the end of December 2021).
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