Posted on 12/29/2017 2:52:20 PM PST by packrat35
U.S. stocks closed lower on Friday, but Wall Street finished off one of its best years in a long time. The Dow raced 25% higher in 2017, getting even closer to 25,000 and making this year its best since 2013.
The index breezed through milestones. It had taken the Dow 14 years to climb from 10,000 to 15,000, but just three and a half years to reach 20,000 in 2017.
(Excerpt) Read more at money.cnn.com ...
...and one year to reach 25,000.
Trump’s fault.
How long before the pundits start warning about an over-priced stock market and a gloom-and-doom collapse?
If we ever get a strong, vibrant middle class again we’re looking at 5% GDP as far as the eye can see and a 40,000 Dow.
Full repeal of the ACA would go a long way to accomplishing that.
Marijuana stocks are skyrocketing. Budz went up 114 pct in the last 2 weeks.
On a related note, it sucks to have headed into retirement heavily invested in bond mutual bonds. Been a mostly sucky year for them.
Thank you President Trump.
IIRC, the prediction was that if Trump won, the market would tank.
Could that have been fake news?
5% might be a reach with minimal population growth among the “locals” but 3-4% is doable.
People are happier. This will lead to a higher birth rate.
Just remember to buy low, and sell HIGH.
Got a system down regarding that. As long as the norks don’t do anything stupid 2018 is looking very good
Wanted to be sure our retirement was protected in case the market tanks so we accepted lower, but guaranteed rate of return with zero loss of principle if market crashes.
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