Posted on 02/24/2017 2:30:50 PM PST by mandaladon
NEW YORK (Reuters) - Wall Street edged higher on Friday, with the Dow extending its streak of record-setting gains to 11 days, as increases in utilities and other safety plays outweighed declines in financials.
Major Wall Street indexes have rallied to record levels since the election of Donald Trump as U.S. president, boosted by pledges of tax reforms, reduced regulations and increased infrastructure spending.
Equities were in negative territory for a majority of the trading session, however, as investors grew hesitant after recent comments from the Trump administration indicated its pro-growth policies may have a longer route to implementation.
As details remain scarce on Trump's plans, including one announced on Thursday to bring millions of jobs back to the United States, markets have kept to tight daily trading ranges. The benchmark S&P 500 index has not registered a move of at least 1 percent in either direction since Dec. 7.
Analysts have become more leery of stocks as they have run up without concrete details and are becoming more expensive. The forward price-to-earnings ratio of the S&P 500 is 17.8.
"Certainly the sentiment is improving much faster than the actual activity so we’ve seen valuations probably get a little bit ahead of themselves," said Brant Houston, managing director at Atlantic Trust Private Wealth Management in Denver.
"Ultimately we need to see those fundamental changes come through to validate that improved sentiment."
(Excerpt) Read more at finance.yahoo.com ...
I hope you are correct.
At todays prices I would recommend X, HL, and SHOP.
The Sub-Prime loans of the Clinton regime are dead.
I just closed on a loan today with over 100 documents to sign even after all of my financials were proven.
The days of giving anybody a loan are over. The markets are stable and I don’t think over bought. The top 50 in the world have held onto their earnings and are ready to spend making cash flow to a very high rate.
Janet Yellen has said so much. Trump wants her to go slow on rates to keep a fast pace .25 at a time.
Remember that this market was meant for Hillary Clinton.
She didn’t get it.
Okay. Thank you. I understand now. I like your report too.
What’s your thought on rates?
Do you think they should be going up already?
I’d like to see some actually minimally sustained growth first, a quarter or more.
The very name of Wall St (וול סטריט) in Hebrew has the same numeric value as Trump (טראמפ), 330. Hahaha.
And his building at 40 Wall St.? Well, that has the same numeric value as the word "mashal" (משל), in the same order/breakdown of the letters (40 + 330), which means both ruler and parable.
The Hebrew wiki page is entitled "Binyan Trump" (Trump Building), because that's its name. (Binyan in Hebrew means "a building".) Reads like Trump is a foundational basis of the Hebrew language itself, because the language is based on 7 binyanim ("buildings" i.e. verb constructs).
>>>Modern Hebrew colloquially has developed an eighth binyan, called hitpu'al, which is the passive of reflexive: "to be made to do something to oneself".<<<
http://www.incatena.org/viewtopic.php?p=290744
IOW, a Trump. "Binyan Trump": passive action which causes the establishment to self-implode. Perfect.
You can't make this stuff up.
too much winning here. Pray forthe short sellers.
Thanks. That’s a bit over my head, but I do get the gist of it and it is interesting.
When I think back on people in the Old Testament that God showed favor towards, it wasn’t exclusively to men like Elijah.
Abraham, David, Sampson... these were each good men, that made some serious mistakes. I think Trump falls into that kind of category.
It seems to me that we have been given a redeemed man to lead us. That model may not hold up over time, but at this moment in time it does for me.
Thanks for the mention of those facts. Quite interesting.
I just traded a 2.5ARM to a 3.75 fixed.
This is what I believe to be a sound investment.
If I had traded before the election it would have been a 3.00 fixed.
My mistake. My original was a 4.5fixed to a 2.5ARM.
I got 4 years of Obama and his low interest and traded it back in for 16 years of growth. The doom and gloom of the left doesn’t affect me. They have no power.
Trump will bring normalcy back and I believe that.
CNN, ABC, NBC, CBS and all the rest have no power anymore.
They can talk about a mans penis in a women’s restroom, its all they have.
Ah, sorry you missed the 3.0. That would have been nice.
I agree with your take on Trump and the ankle biters.
We scored...
Big League.
I include the Hebrew and specifics so anyone can copy/paste into a search if so inclined.
The president is always telling the media how hurtful the lies are, not just for him (in trying to do his work), but for the media itself. He keeps telling them why they shouldn’t do that. It is very gracious of him to guide them in a way to see the light, if they want to see it.
When they refuse, instead choosing to spew hate and more lies, they will have zero excuse. He tried to warn them. It is a fascinating and amazing thing to watch.
What ever goes up must come back down unless it is a space probe.
“:^)
Very enlightening to say the least.
Thanks for sharing.
The market is up about 10% since Trump won.That’s a pretty good gain.And another win for the country.
Yes, isn’t that great.
11/09/2016 18589.69
02/24/2017 20821.76
12.0070319%
I agree it’s a win, and yet Yahoo was talking about overpriced stocks and how that could be bad.
LOL, their bumble-headed clown is no longer getting credit.
It’s a good indication that people are gaining confidence in the country’s ability to right itself.
Thanks for the feedback. Glad that was useful for you. It’s been an interesting week, so if you are in the mood you can review my posts from the past few days. Fair warning, lol. :)
Consumer confidence has shown very positive recently. (check that, it just fell [report nine hours ago] for the first time after Trump’s election, but look at what it had just been, the highest in a freakin decade.)
Anyone have a feel for the individual rate? I have heard 3 scales and a top of 35%, just curious on what the ceiling of each might be. Would love to see $150k, $500k and $1mm for ceilings. I think I heard 15%, 25%, 35% rates. Course, I am old and could very well be senile!
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