I....I was promised world wars and calamity... My 401K just went up.
Posted on 01/08/2020 10:31:35 AM PST by C19fan
Stocks rose on Wednesday after President Donald Trump spoke about an attack by Iran on an Iraqi airbase that houses American troops, which had led to a massive sell-off in overnight trading.
The Dow Jones Industrial Average gained 213 points, or 0.8%. The Nasdaq Composite advanced 0.7% and hit an all-time high. The S&P 500 also climbed 0.7% and hit a record high as well.
Trump said Iran appeared to be “standing down” after that nation attacked the Ain al-Asad airbase overnight. However, he added the U.S. will “immediately impose additional punishing economic sanctions on the Iranian regime.”
“Now, as the president has to some degree defused some of the anxiety, so you’re getting … a little bit of a sigh of relief rally here,” Art Cashin, director of floor operations at the NYSE for UBS, said on CNBC’s “Squawk Alley.”
(Excerpt) Read more at cnbc.com ...
I am enjoying the partial pay back of over 40 years of the Mullahs humiliating the US.
What will the networks do now? Will they breathe a sigh of relief and praise DJT for his handling of the situation? When pigs fly. They will keep doing just what they are doing for a few more days - scaring people with thoughts of nuclear war.
Regardless, the dems are going to use the extermination of the terror general as grounds for Impeachment Part II.
The rest of the payback is when the Opecker crowd goes belly up and they have to move back to their tents in the desert.
Cancel the draft.
I smell a rat!
Nowadays the stock market moves on news, and not on the businesses themselves. So all you have to do is generate some news, like talks with the Chinese are breaking down.....so, you get the selloff....only to have a few days later news that there’s optimism that an agreement to be signed, so stocks skyrocket again.
Somebody out there knows the timing of these things.
What the change really shows is how traders over reacted one and two days ago.
lol, just figured that out, did ya?
President Trump has shown us how utterly useless our foreign policy makers truly are. All of the pointy heads in the State Department, the “learned” professors teaching international relations at Harvard and Georgetown, and the intellectuals pumping out their voluminous position papers at DC think tanks could have never pulled off what Trump just did. He made the Iranian mullahs blink. The president is beginning much needed changes in Middle East policy without endless diplomacy, bribes, uh foreign aid and lives lost in another useless Middle East war. Yeah, the Deep State is even more pissed off at Trump now!
And news driven rallies often reverse sometimes the next trading day. Stay nimble and keep the entire technical picture in focus...this is a good time for a small correction I believe and the emotional boost today just might lure in a load of buyers... Then Boom a drop seemingly from nowhere but the smart money will be a step ahead.
LOL!
Chairman Schitt... we’re going to have to ask you to move your desk back... and I don’t think that’s your stapler.
And when the shampeachment fails, Trump should say “I fixed the glitch.”
You have to give I-ran credit they known the difference between a tough President commanding a real enemy combatant and sniveling Kenyan impostor puppet leader.
Brilliant move on Trump’s part...
Will Rogers had it figured out ninety years ago: "Don’t gamble! Take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don’t go up, don’t buy it."
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