Wall Street edges higher to give Dow 11th straight record

I have been an investor for 40 years and a serious investor for the past 30.

IMHO today represents an opportunity seldom seen in the equities market.

Two reasons. First, there is incredible pent-up inflation potential as a natural result of the years of “quantitative easing” and deficit spending of the Obama years. The only reason we haven’t seen runaway inflation so far is that the economy has been so bad and a lot of manufacturing has been sent overseas to low wage countries.

Secondly, Obama and his liberal cronies over-regulated everything in sight. DJT is a businessman and he understands the drag this places on the US economy. He has started cutting back regulations left, right, and center. By the time he is done, the US economy will soar again.

But, we will have to endure the inflationary legacy Obama left us for many years into the future.

The way I read the tea leaves is that stocks will do very well, and hard assets, like real estate will do well. Bonds are going to take a haircut as interest rates and inflation rise.

I have put my money where my mouth is. 100% of investable assets are in stocks and real estate (with fixed rate mortgages), despite the fact that I am in my 70s. This is the chance of a lifetime for the man with courage to improve his condition.

...I have heard 3 scales and a top of 35%, just curious on what the ceiling of each might be. Would love to see $150k, $500k and $1mm for ceilings. I think I heard 15%, 25%, 35% rates...

I think the ceilings are going to be a lot lower, and I think there is one more rate even though 3 is the number I have heard also.

These are just guesses, no special knowledge. The lowest rate will be 0% and the ceiling will be somewhere around 25k. Then 15% to around $75k, 25% to $150-200K, and 35% above that. A lot fewer deductions than today.

32 years.

32.

It took a long time, but for once I can count on good news every freakin’ day!

If it isn’t some illegal being deported, then it’s a crying EPA employee, or even better, talk of a moon mission!

Damn! It’s good to be alive.

I was so damn tired of hearing the same broken record for literally weeks and weeks preceding the election that the markets go up with a dem victory and tank with a republican victory.

I have taken to reminding financial "gurus" on the local radio show that, well, it seems their forecasts were not so correct after all.

LO effin L.

Yes, I hear you.

The market is strange sometimes isn’t it. It seems to react positively at times when you wouldn’t think it would.

I would expect it to drop under Obama after a certain amount of time, but it didn’t. It just kept trucking away.

I think the government has been pumping funds into the market, so that may have had some impact to prevent a drop under him. I really don’t know.

I’m sure liking what I’m seeing now thought.

I take it in stride, but it’s still fun to watch. I have high hopes for our nation over the next four to eight years.

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