The simple thing Trump doesn't get about the stock market

[Yo_Mama_Been_Loggin]

America's booming stock market is a flawed yardstick for measuring Main Street's recovery from the pandemic.

But that doesn't stop President Donald Trump from repeatedly pointing to the V-shaped rebound on Wall Street as proof that most Americans are doing well again.

"Stocks are owned by everybody," Trump said during Tuesday's town hall on ABC. "Look, we're having a tremendous thing in the stock market, and that's good for everybody, but people that aren't rich own stock and they have 401(k)'s."

In truth, millions of Americans can't feel the stock market boom.

Just over half (52%) of American families have some level of investment in the market, mostly through 401ks and other retirement accounts, according to the Pew Research Center. Only 14% of households are directly invested in the market.

https://www.msn.com/en-us/money/savingandinvesting/the-simple-thing-trump-doesn-t-get-about-the-stock-market/ar-BB196LdF?li=BBnbfcN&ocid=DELLDHP

[Chainfire]

1. Well, in this world there is simple and then there is Trump simple

Besides he has told us that he tells us what we want to hear, not what the truth is.

[BillyBobBrilliant]

2. The recovery[?] is not

V-shaped, but is turning out to be K-shaped...The upper part is rising, and the lower part (you and me) is declining.

[WA-03 Democrat]

3. Silly me

I thought people are people. Money doesn’t mean humanity. Prosperity Gospel and Roy Cohen’s bastard demon child.

Who thinks we see a repeat of 2008 as market melts down again once they realize the cake is baked?

[duforsure]

4. The big fraud is...

He's using the Fed money printer propping up the markets with who knows how many trillions we'll be in debt for while he's claiming the markets are doing good from his policies, when its the opposite. Its being held up with our money from crashing from his failed policies , for his political gains, and we'll be stuck with the bill. trumps promoting another fraud , just like he's done with the virus.

[TexasBushwhacker]

5. The rich get richer

"As of the first quarter of 2020, the wealthiest 10% of American households owned 87% of all stocks and mutual funds, according to the Federal Reserve. That's up from 82% in 2009 when the last bull market began."