Posted on 02/22/2017 2:58:03 PM PST by John W
While other indexes took a breather from notching record highs, the Dow kept on chugging Wednesday, climbing to its ninth straight new high–its longest winning streak since 1987.
The Dow has gained 721.26 points or 3.60% over the last nine trading days, and it’s reached 11 new record highs since the start of 2017.
(Excerpt) Read more at barrons.com ...
The companies and investors have faith in what Trump is doing. GO TRUMP GO
So..., much..., WINNING!
Best economic environment in a generation just ahead.
It’s called the Trump effect.
Gee. Dow Jones record highs must only be good news when a Democrat is in the White House!
20775.60 !!!
Obama thought he had it flying like a kite. Paper airplane compared to what Trump has it at. Could you imagine it getting to the 100,000 mark?
People are coming out of the dark shadows now. No more tyrannical boogie man in DC, unless you’re an illiberal “liberal.”
If President Trump is not careful he might break Obama’s record of 8 years of of sub-3% growth in the economy in his first quarter as leader of this fine nation.
Let’s be direct: best since Reagan.
Too much enthusiasm sort term may lead to a slight pullback. And then off to the races again.
The big acceleration in economic growth will take place when the country decides to become energy independent and becomes a major oil and gas exporter in the world. Think in terms of the Persian Gulf emirates times two.
Beware, pride (or too much arrogance, hubris, confidence) goeth before the fall.
I think far too much is being bought on “expectation” and not on as yet greatly changed fundamentals. I think it is (a) hoped for buying low to sell high and then (2) sell before the bubble bursts and then buy into bonds as the interest rates go up.
The ONLY thing that is MOST likely to happen is that interest rates will go up. When they do, the calculations concerning being in equities versus being in bonds changes, and if/as interest rates continue to go up, more money moves/will move from equities to bonds.
The best buyers on this early in the year stock market rise are hoping they can time their own actions to cash out their profits before equities fall. The worst ones will be most and they have not bought more equities yet but will buy at their peaks, and suffer paper loses later on.
And unless reality starts to match expectations - which we are a long way from knowing yet - stocks could fall, hard, as soon as too many expectations look to NOT becoming unrealized.
I’m holding, until the actual details of things in Congress and between Congress and Trump become legislated and regulated realities. I don’t buy or sell on “hope”, only real change.
Four of the most dangerous words since the start of language...”It’s different this time!”
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