Global stocks hit 19-month high and Dow Jones breaks 20,000 for first time ever..

UK Telegraph ^ | January 25, 2017

[KeyLargo]

Live Global stocks hit 19-month high and Dow Jones breaks 20,000 for first time ever as markets reignite 'Trump rally'

[numberonepal]

Ahhhh the winning, it buuuuuurrrrns!

[HarleyLady27]

#TrumpEffect

[KeyLargo]

Trump reacts as Dow breaks 20k: 'Great'

"Great" - that was the response from US President Donald Trump after the Dow Jones smashed the 20,000 for the firs

[BenLurkin]

[SkyDancer]

And the MSMLSD rushing to give credit to 0bama.

[Enlightened1]

Boom!

[Mr. Douglas]

I thought the dow broke 20,000 shortly after the election.

[plain talk]

And the MSMLSD rushing to give credit to 0bama.

Well Trump has only been in office three days so most of the push to 20K happened on Obama's watch. Not because of Obama mind you but it happened on his watch nonetheless. Before Trump was elected I said the market would rally if he won and it has.

Actually stocks increased 120% under Obama who enjoyed the benefit of a crash right before he took office and artificial low interest rates. It rose 120% in spite of Obama. It would have risen much higher with someone like a Trump in office.

[BradtotheBone]

It rose because the Fed was injecting 85 Billion a month into Wall Street by buying mortgage backed securities. As of last April, it had 4.5 trillion on its balance sheet.

[SkyDancer]

I’m thinking more that it was anticipation of Trump winning and they were betting he would.

[plain talk]

If you recall the oddsmakers — Vegas and elsewhere were expecting hillary to win with 80 percent probability. I credit trump with gains starting the day after the election to now although the sitting president always gets credit for the good and bad on their watch.

The surprise election of trump has helped the market rally. I said this would happen but many thought wall street wanted the establishment candidate and would crash if hillary were not elected which never made sense to me. Trump will unshackle the economy.

[proud American in Canada]

Thank you, President Trump! :)

[Miss Maam]

"The biggest winners of the Trump rally include investment banks Goldman Sachs and JP Morgan, rising by 34pc and 26pc, respectively, amid hopes Trump’s fiscal stimulus package will trigger inflation and stoke a rise in interest rates."

Please forgive my lack of fiscal knowledge, but how does triggering inflation and rising interest rates help our economy and the average wage earner?

[9YearLurker]

Such “stimulus” spending is a discredited Keynesian idea.

[Excuse_My_Bellicosity]

Remember the whining RINOs? “Trump is a closet liberal.” “Trump is a socialist who will crash the economy.” Yeah, about that, screw you guys.

[ExSoldier]

With GLOCK picking up the contract to supply Special Operations command (SOCOM) with side arms and Sig Sauer getting the order to supply rest of the US Army's next generation modular handgun, those sectors will continue to show significant growth for the next several years.

[dsc]

“the Fed was injecting 85 Billion a month into Wall Street by buying mortgage backed securities.”

Perhaps more accurately referred to as “throwing our money away on Keynesian stupidity.”

[dsc]

“The surprise election of trump has helped the market rally.”

I doubt that many of the really large investors were surprised by Trump’s victory.

[dsc]

“Dow Jones breaks 20,000 for first time ever”

Adjusted for inflation?