Posted on 12/09/2016 12:13:26 PM PST by John W
Do I hear 20,000? 21,000? That's the subject Wall Street investors are starting to consider after post-election ebullience has stretched equity markets deeper into the record books since Nov. 8.
Assuming that the indexes continue to lurch forward into the next week or two, that puts the gauge on pace to log the fastest 1,000-point rally since the Dow moved from 10,000 to 11,000 in from March 29, 1999, to May 3, 1999 — a 24-day trading day span, according to Dow Jones data.
The broad-based rally has been supported by the expectation that Trump will unleash a raft of pro-business policies, including a roll back of regulations, tax cuts and fiscal spending. Signs that the market is already on a solid economic footing relative to other economies across the globe and comparatively better quarterly results from U.S. corporations isn’t hurting.
(Excerpt) Read more at marketwatch.com ...
Yes, and the left is dancing around it so it won’t have to attribute it to Trump.
Remember - what goes up, must come down.
I predicted dow 25 to 30,000 by the end of Trump’s first term with no surprise negative events.
That may be too conservative.
P/E is still awful high, hard to believe the rally can continue until there are actual signs of growth.
Well, seeing as the Dow is at 19,741 as if this writing, predicting 20,000 isn’t exactly a stretch.
Thought that too. Somewhat surprised though to see a column almost dancing near the truth of how Trump SHOULD affect business and the economy. Doesn’t that mean their savor(s) were/would have had the opposite effect?
20,000 before Christmas, in my humble, non-expert opinion.
The light bulb is always brightest just before it burns out. The coming crash and economic shitstorm will not be trumps fault of course, but the MSMwhores will staple it to his forehead.
*** “The light bulb is always brightest just before it burns out. The coming crash and economic shitstorm will not be trumps fault of course, but the MSMwhores will staple it to his forehead” ***
I am not financially blessed enough to worry about my assets being invested in the Stock Market, but I am of that age that my Retired friends (them lucky bastiches) whom many of I have recently converted to be Trump supporters are seeing this uptick as a good thing and Thank me now does have me concerned, I am already telling them that they are idiots (I don’t gamble at all) to be prepared for the shitstorm and either go Long or convert to physical assets that do not depreciate (much) nor have a Tax burden.
For me it is easy ... I just pay off any debt I have and invest in a tool that I can learn to use, they have considerably more $money and less ambition.
Do you know/have any ideas or suggestions of what they should/might invest in if they pull their $money from the Stock Market?
PS When we go fishing I’m the guy that holds down the front of “Their Boat” and my poor non boat owning ass is educating,informing and entertaining them... so it will be a tough sale. ;^)
I know my 403B account has done nothing but go up up up since Trump won.
or not
America has a leader that is building a fantastic team to make america great again. The darkness is past
*** “America has a leader that is building a fantastic team to make america great again. The darkness is past” ***
43 days to go... that Rat Bastard POS still has crap that he plans to unload... it won’t be good nor will it be covered by MSM.
Excellent...
Get ready for more winning.
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