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Is the Trump Boom just starting?

PeteEU said:
But the markets have been going up for years, as has employment.. it is only now that tax reform maybe be realistic.. well GOP tax cuts, not real reform. Trump supporters are really desperate to show that their orange monkey in charge is actually doing something instead of playing golf all the time.
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Yes and no. The stock market was rising for years, but at the same time around august 2016 it was bearish and the speculation at the time was not showing a net positive.

Market performs based on speculation more than any other factor really and it's not unreasonable to include a supposedly pro-business candidate that wins an election into the mix of factors that result in a bullish market.

FWIW, the market would have responded the same way for pro-wall street Hillary as well. This isn't 100% on trump, but it's unreasonable to exclude Trump as well.
 
Blissfully Free said:
It's the result of speculation around the promise of tax reform.

The market will not only slow down, but could potentially take a negative turn towards a recession if that promise is not upheld, or delayed for more than 2 years total. The economy will stagnate around this time next year if the tax reforms are not passed.
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A lot of technical damage was done during the Obama administration. China, India, even Mexico stocks are growing a lot faster than the U.S. right now.

We are practically in a recession right now. I see a boom for companies like Wells Fargo, Chase, BOA, etc..

Banks are severely undervalued right now.
 
Bucky said:
A lot of technical damage was done during the Obama administration. China, India, even Mexico stocks are growing a lot faster than the U.S. right now.

We are practically in a recession right now. I see a boom for companies like Wells Fargo, Chase, BOA, etc..

Banks are severely undervalued right now.
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What technical damage?

The U.S. is having steady low inflation growth and has been for years.

Citi has a P/E of 15, which is average, that's not severely undervalued by any stretch.
 
Blissfully Free said:
Yes and no. The stock market was rising for years, but at the same time around august 2016 it was bearish and the speculation at the time was not showing a net positive.

Market performs based on speculation more than any other factor really and it's not unreasonable to include a supposedly pro-business candidate that wins an election into the mix of factors that result in a bullish market.

FWIW, the market would have responded the same way for pro-wall street Hillary as well. This isn't 100% on trump, but it's unreasonable to exclude Trump as well.
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You can't really believe that Goldman Sachs would be $240/share or JP Morgan nearly $100 if Hillary was president and Warren was head of the senate banking committee.

Drug companies would be in the tank. Which industries would the market have rewarded if Clinton was elected???
 
Bucky said:
Our economy has been stagnant under Obama and Bush - particularly for the middle class. This is an undeniable fact....
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My memory seems to tell me that our economy nearly crashed under Bush, and recovered less than a year after Obummer took office, and just last month (maybe) ended the longest streak of monthly job gains ever.

So I would scarcely call your "fact" "undeniable".
 
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