Posted on 06/20/2017 7:50:19 AM PDT by GonzoII
* The DOW daily closing stock market average has risen 17% since the election on November 8th. (On November 9th the DOW closed at 18,332 – yesterday DOW closed at 21,528 for another all time record closing high).
* Since the Inauguration on January 20th the DOW is up 9%. (It was at 19,827 at January 20th.)
* The DOW took just 66 days to climb from 19,000 to above 21,000, the fastest 2,000 point run ever. The DOW closed above 19,000 for the first time on November 22nd and closed above 21,000 on March 1st.
* The DOW closed above 20,000 on January 25th and the March 1st rally matched the fastest-ever 1,000 point increase in the DOW at 24 days.
* On February 28th President Trump matched President Reagan’s 1987 record for most continuous closing high trading days when the DOW reached a new high for its 12th day in a row!
(Excerpt) Read more at thegatewaypundit.com ...
To make this point, ask yourself how the media would’ve reported this if the market had remained flat...or dropped 5 percentage points. The world would be ending, and the United States would be suffering from a financial crisis, a calamity of epic proportions, well on the way to a double-depression!
Well, the media may have missed the highs, but when the inevitable recession occurs, you can be sure they’ll take notice.
“Fair” and balance, not just for FOX anymore.
And, if you look back to 10/31/16 - when the smart money started to figure out what was going to happen in the election - the Dow is up 20.3%.
Don’t have to ask. Less than 4 weeks ago the media - including the financial sites - were all saying the Trump Bump had fallen flat. Now crickets from the same fake news sources.
Fox dropped that slogan last week....................
Though Clinton is loaded $$$, the brain dead libs and their MSM cheerleaders view the market as for rich only. They hate it even though their 401ks are hypocritically benefiting.
I’m ridin’ the wave, Baby! ;)
*TRUMP BUMP*
Since January my 401k is up 18k.
Wrong President to be reporting this. Now, if Hillary were President and the markets were crashing, we would know how good we would really have it.
I distinctly remember reading/hearing stories about how markets were going to crash around the world if Trump were elected. Can anyone link some of those?
It’s up to us to keep repeating this.
More winning!
Remember when the unemployment rate was < 5% during Dubya?
The MSM/Dims, “worst economy since the Great Depression”.
Rate during much of Zer0 hovered around 8%+,
The MSM/Dims, chirp chirp crickets.
While I’m in general agreement, we have to be cautious. The stock market is a fickle bride. What does up must come down....
I absolutely believe that the policies of President Trump are driving the confidence in the market, but I think he needs to be a little careful tying himself to wall street. Remember, many of this voters are very weary of wall street and frankly will not be seeing the immediate benefit of the stock market gains as they don’t participate in the market.
I can remember back in the 1970’s when it was in the 700’s or so, if my old mind remembers correctly!
Looked it up, 1974 it was in the middle 700’s. My memory is not as totally bad as I once remembered!!!!
What is more surprising to me than the media’s silence is that we haven’t yet seen an unrelenting drum beat of “A crash is coming! This is unsustainable!” in an attempt to create a self-fulfilling prophecy.
https://www.wsj.com/articles/SB10001424052970204251404574344230339019304
Remembering the Reagan Bull Market
snip
It was on Aug. 12, 1982, that the Dow Jones Industrial Average dropped to its 1980-82 recession low of 776.92—almost precisely where the Index had closed in January 1964.
snip
When Henry Kaufman of Salomon Brothers said that Treasury yields had reached their highs in a note to clients on Aug. 17, 1982, stock prices exploded. This provided free-market optimists with desperately needed evidence that their principles would provide a path forward. The simple—yet difficult to achieve—strategy of getting the government out of the way and turning the economy over to free enterprise set the stage for a period of tremendous economic growth and wealth creation.
snip
This morning’s Squawk Box had the naysayers (Kernan wasn’t there) explaining that it couldn’t go any higher.
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