Skip to comments.The Dow, S&P 500 and Nasdaq hit record highs
Posted on 11/04/2019 2:18:03 PM PST by Ken H
New York (CNN Business) .US stocks hit historic highs again on Monday. But this time the Dow joined the record-setting club as well.
All three major stock indexes -- the Dow, S&P 500 and Nasdaq Composite -- finished at their highest level on record. Markets around the world were trading higher on hopes that the United States and China will reach a full trade agreement.
The Dow (INDU) closed up 0.4%, or 115 points, at 27,462 points, succeeding the record its set on July 15.
(Excerpt) Read more at cnn.com ...
When the market has a big fall, the MSM blames it on Trump.
We must impeach! *SNORT*
The stock market is not the economy.
During the times going into recessions you will see highs as companies do all the normal things: pare inventory, increase efficiency, streamline staff, buyback stock, etc.
The earnings per share are the thing to watch. Companies future eps estimates are pretty high. People are throwing money at the US markets because there is nowhere else to put it.
Its not going to crash tomorrow or the next day. But unless stuff gets growing elsewhere we are going to have little choice.
But. But. But.
...and wouldn’t you know it, CNBC immediately posted an article predicting “dismal returns” for the next decade.
If the president were to succeed in bringing peace to the entire world they would find something to bitch about.
S&P when DJT was elected: 2164
S&P today: 3078
42% increase in 3 years. 14% per year.
When people’s 401k loans are way way up they do the happy dance.
“The stock market is not the economy.”
No but it is a forward looking indicator of the economy
“During the times going into recessions you will see highs as companies do all the normal things: pare inventory, increase efficiency, streamline staff, buyback stock, etc.”
Not buy back stock, that happens after the market tanks.
“The earnings per share are the thing to watch. Companies future eps estimates are pretty high. People are throwing money at the US markets because there is nowhere else to put it.”
S&P is currently selling at about 25 X earnings, pretty high but nonetheless earnings are strong and about 75% of those reporting have beat earnings estimates.
“Its not going to crash tomorrow or the next day. But unless stuff gets growing elsewhere we are going to have little choice.”
Since the very beginning the markets have gone up and the markets have gone down. However going back to the beginning the Markets have on average advanced two out of every three days with an average after tax gain of between 8 & 9%.
I am a 50+ yr investor. I do not trade but maintain a balanced portfolio (re-balanced as necessary) with all dividends reinvested.
The key is patience and commitment to quality investments into companies with good management and a strong balance sheet.
Yep. Sold 10% of my AAPL and 25% of AT&T. doubled my money on both, so took a little off the top. Worried about AT&T dividend, and it was 15% of my portfolio....too much of a position. WIll sit on cash for a while. Might buy Paypal DAL, or Exxon. Put some in VOO for the kids.
VIDEOS: 4 Nov: GatewayPundit: BREAKING: Yale, Moodys and Oxford Economic Polls Show President Trump Winning in Landslide in 2020 EVEN IN A RECESSION (VIDEO)
by Jim Hoft
In October Moodys Analytics released shocking numbers on the 2020 presidential race.
Moodys found that President Trump wins the 2020 election in three different models...
VIDEO Via Lou Dobbs Tonight
And Yale and Oxford have joined Moodys in predicting a huge Trump win in 2020...
VIDEO Via Varney and Co
New Fox poll shows Trump down 75 pts to Booker.
What is it about human nature?
We get good economic news and some folks can’t wait to post one downer concept or another.
Trump gets no credit at all from you. It’s just one negative comment or another out of the gate.
Folks doing it, what the hell?
record highs but not as high or as magnificent as the magic man....
I saw one comment like that on this thread. Were there others?
I saw just one also, but this isn’t the only thread where that sort of thing happens.
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