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Stunning! Dow Hits New High of 19,000 as Trump Rally Continues

11Bravo said:
we already did. trump won, stocks were better than Obama hussien ever could have done in 8 years. lol
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You didn't address what I said and therefor didn't prove me wrong. That means I'm right.

Stocks are going up because Obama is training Donald. Prove me wrong.
 
roughdraft274 said:
You realize they reached record highs before the day after the election right?
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Really??

Bryan Borzykowski, special to CNBC.com
Monday, 7 Nov 2016 | 9:22 AM ET

Since Oct. 25, the S&P 500 has been on a downward spiral, claiming the most consecutive negative days the index has had in 35 years.
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roughdraft274 said:
You realize they reached record highs before the day after the election right?
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The Dow Jones has hit record highs many times. Giving credit to the sitting president for achieving that goal once again the day after a presidential election is rather short sighted, although humorous.

From CNN Money:

he Dow Jones Industrial Average hit a new record high Tuesday morning just above 19,000 as the stunning market rally since the election of Donald Trump continues on Wall Street.

So what's changed? The market now seems to think that Trump's win, combined with Republicans retaining control of both the House of Representatives and Senate, should mean that many of Trump's market-friendly policies will be enacted.

Investors are betting Trump will get a stimulus package passed that will help rebuild much of the nation's infrastructure. That's why stocks like Caterpillar (CAT) and U.S. Steel (X) have surged since the election.

The market is also betting that Trump may roll back some of the provisions of two signature laws passed during the Obama administration -- the Affordable Care Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act.
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Dow hits new high of 19,000 as Trump rally continues - Nov. 22, 2016
 
roughdraft274 said:
You didn't address what I said and therefor didn't prove me wrong. That means I'm right.

Stocks are going up because Obama is training Donald. Prove me wrong.
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lol! getting super desperate at the Hillary headquarters. there is no scheduled "stock training" that Obama hussien is "training" trump on. the stocks when up because trump the great won, and your darling Hillary lost :)
 
roughdraft274 said:
You didn't address what I said and therefor didn't prove me wrong. That means I'm right.

Stocks are going up because Obama is training Donald. Prove me wrong.
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Prove yourself right. That's how it works.

Of course, you know that. So, u mad, bro? Why? Soaring stocks are good.
 
11Bravo said:
lol! getting super desperate at the Hillary headquarters. there is no scheduled "stock training" that Obama hussien is "training" trump on. the stocks when up because trump the great won, and your darling Hillary lost :)
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Still haven't proven me wrong. :)
 
wait, we're allowed to discuss the stock market now? maybe I should start a thread or two about it. anyhoo cons, the market is going up because those who don't get their information from the conservative echo chamber know Trump will spend and cut taxes like Reagan and Bush. Instead of cheering on the continued Great Obama Bull Market, you should start getting your excuses ready why you ran around foaming at the mouth about deficits for 6-8 years and then sit quietly by while Trump runs up massive deficits (like Bush and Reagan).
 
Μολὼν λαβέ;1066577551 said:
So you think the market reached an all time high the day after the election because Obama is president? Priceless... :lamo
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Not surprisingly, you completely missed my point. Try again.
 
Vern said:
wait, we're allowed to discuss the stock market now? maybe I should start a thread or two about it. anyhoo cons, the market is going up because those who don't get their information from the conservative echo chamber know Trump will spend and cut taxes like Reagan and Bush. Instead of cheering on the continued Great Obama Bull Market, you should start getting your excuses ready why you ran around foaming at the mouth about deficits for 6-8 years and then sit quietly by Trump runs up the deficits (like Bush and Reagan).
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Obama's budget surplus years were . . . ?
 
Μολὼν λαβέ;1066577658 said:
Back pedal as usual. Your points are usually pointless. Nice try though.
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I didn't backpedal a bit. I asked you to try again because your response obviously missed the point of what I said. If you need me to explain it to you, ask. Otherwise, just know your response clearly indicated a lack of understanding on your part. Don't blame me because you don't understand what you read. Your inability to comprehend what is written is a you problem.
 
Slyfox696 said:
I didn't backpedal a bit. I asked you to try again because your response obviously missed the point of what I said. If you need me to explain it to you, ask. Otherwise, just know your response clearly indicated a lack of understanding on your part. Don't blame me because you don't understand what you read.
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Sure you did, which is usual when you make inane posts.
 
Harshaw said:
Prove yourself right. That's how it works.

Of course, you know that. So, u mad, bro? Why? Soaring stocks are good.
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Tell that to the people on your side every now and then.

But thanks for mentioning how I already know everything. I love hearing it.
 
Μολὼν λαβέ;1066577653 said:
I can identify those who express acclaim and adulation for Obama. Its pretty easy, actually.
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See, I knew you understood sarcasm. That was really funny.
 
11Bravo said:
you proved yourself wrong when you lied about scheduled stock market training
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I never said he trained him up on the stock market. That's a lie. I'm going to go complain on twitter about your awful lies.
 
roughdraft274 said:
I never said he trained him up on the stock market. That's a lie. I'm going to go complain on twitter about your awful lies.
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thank you for admitting you lied and that trump winning the election drove the stocks up. lol "stock training". ive heard hilariously crazy stuff before but that was ridiculous.
 
The markets boom is semi-amazing.

But I do not see it lasting.

It is apparently based on Trump's proposed expansionist spending policies...which the markets usually like initially.

But since he is also talking about cutting taxes on the rich AND expanding the military...the budget deficit is going to probably skyrocket again. And that can have all kinds of negative repercussions...not the least of which could be inflation OR a continuing stagnation of the economy. And if you don't believe me about inflation - just look at the bond market since the election.
Despite what Krugmanites think...massive spending/QE/ZIRP stagnates an economy after the initial blip (as the tepid GDP growth since the end of the 'Great Recession' has shown). It gets the economy dependent on hand outs...which is bad.

Throw in the fact that Trump is clearly protectionistic - which is also never good for the economy long term - the markets (barring more Fed QE) will not stay at these lofty heights imo. It may take a while - even a year or so - for the initial 'blip' effects of the government stimulus to peter out. But it will and then the markets will crumble again - until the Fed steps in yet again.


The bottom line is - nothing fundamentally good has happened to the economy to warrant the recent equity boom. It's just (imo) the markets anticipating more government stimulus under a Trump regime.

All of which are bad macroeconomic fundamentals and will hurt the American economy in the long term.

*sigh*...yet another POTUS who seems to have almost no idea how to 'run' an economy properly.
 
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