Posted on 02/24/2017 6:19:50 AM PST by Enlightened1
The Dow Jones Industrial Average (DOW) hit another record new high on Thursday! It was the 10th straight daily market close where the DOW set a new stock market high. This incredible rally started back on February 9th.
In the history of the DOW, going back to January 1901, the DOW record for most continuous closing high trading days was set in January of 1987 when Ronald Reagan was President. The DOW set closing highs an amazing 12 times in a row that month. Only two other times has the DOW reached 10 days in a row of closing highs and that was in July 1929 and yesterday. If the DOW reaches a new high today it will be the 11th straight closing where the DOW reached an all time high and it will be one shy of the Reagan era record.
However, counting weekends and holidays, the DOW has closed with new highs over the past 15 days or for more than half this month! The only time in the history of the DOW where the DOW closed with new highs over a longer period was the rally in 1987 under President Reagan. The DOW closed with new highs over a 16 day period (counting weekends) ending on January 20th 1987 for the highest number of consecutive days with new highs – the best in DOW history.
Today the DOW can break this all time record!
If the DOW is up today it will land at it’s 11th straight day of closing at a record all time high. It also would result in today being the 16th consecutive day where the DOW reached an all time high (when including weekends and holidays). It would also mean that...
(Excerpt) Read more at thegatewaypundit.com ...
* The DOW daily closing stock market average has risen more than 13% since the election on November 8th.
* Including November 9th through today, there have been 72 trading days. For more than 40% of these days, the DOW has reached all time highs (29 times).
* Since November 9th the DOW reached the 2nd highest close ever 11 times and the DOW reached the 3rd highest close ever another 9 times. More than half of the trading days since Trump won the election have resulted in new highs for the DOW or 2nd highest days ever. For more than two thirds (49) of the 72 trading days for the DOW since the election the closing mark was at least the highest, 2nd highest or 3rd highest closing day in history!
* This is only the 2nd time since 1937 that the stock market hit two new closing highs in the four trading days after the Presidential inauguration. This occurred in January of 1965, shortly after Lyndon Johnson was sworn in as President and again right after the Trump Inauguration in January of this year.
* Since the Inauguration on January 20th the DOW has risen 5%. According to Fox Insider, Trump’s first month in office is the DOW’s biggest gain for any President in his first 30 Days since way back in 1909 when Taft was President.
* Also, another record during the Trump Rally is that the stock market moved between 1000 point markers (between 19,000 and 20,000) in only 42 trading days. The only time it moved faster between significant markers was in 1999 when it took 24 days to reach 11,000. This time the market hit 19,000 on November 22nd shortly after Trump won the election, and then the market broke 20,000 on Wednesday January 25th. These new highs occurred only 42 trading days apart.
* As we pointed out on December 21st shortly after Trump was elected, never in its history had the DOW reached the number of closing stock market highs after an election. There were only 8 times in the history of the Dow where the Dow set new closing highs for 17 days or more in a 29 day period. The last time this occurred was nearly 20 years ago in 1998.
The prior high for the DOW before the November 8th election was on August 15th, 2016. This is why the ‘Trump Rally’ is such an anomaly and totally due to President Trump and his winning policies.
This Trump Rally is Amazing and Today Could be History!
I’m still not convinced, and think we are at the threshold of a massive correction.
Staying out until a few years down the road, after the inevitable correction.
I don’t know where this guy is getting his information?
The DOW is not going to break any records today.
Futures are pointing to around a 100 point drop.
Futures presently off about 100 pts. But things can change-rapidly.
I check both my 401ks all the time lately. It makes me happy, happy, happy!
Actually, its poised to fall on its @$$ today..
It's the President Donald J. Trump (ILWT) momentum thingy.
ILWT = I Love Writing That.
Drop the exclamation marks. Numbers that are not adjusted for inflation are invalid.
Supply chain worries... this might not be the day.
Beware the stock humpers. Beware.
Yep. IIRC correctly, there was later a crash in ‘87 as well.
The markets are driven by two things and two things only, earnings and prospects for future earnings...period.
Guess the demodummie libs don’t follow the DOW reports, they continue with their “doom and gloom” whining all because of Trump. America is on its way to being “Great Again”.
And instability.
And the hundreds of factors that determine future earnings, of which a new, business-friendly President can be a major one.
And the hundreds of factors that determine future earnings, of which a new, business-friendly President can be a major one.
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Yes but that is why I said “earnings and the future prospects of earnings”, which of course any KNOWN influences such as regulations, etc. It is often said the markets can deal with anything except uncertainty.
Really? It's not the billions of dollars the fed has been pumping into it??
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