[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.

[Old Teufel Hunden]

"artificial low interest rates"

This in my opinion is one of the biggest reasons for the great stock market climb during Obama's watch. He has kept the interest rates so low that investors really have nowhere else to put their money except in stocks. Everything else has been stuck in neutral these past few years.

Now the stock market is going to take off because the economy will be taking off. This runup is in anticipation of that IMO. I've a feeling that with the way Trump is getting the government out of business's way, we are going to see an explosion of economic activity and that will continue to fuel the stock market, even with investors leaving to get bonds, precious metals etc.. (because we won't be keeping the interest rates artificially low).