Posted on 10/10/2017 3:17:55 PM PDT by pissant
All main U.S. stock indexes closed higher on Tuesday, with the Dow finishing at its 47th record for 2017, as optimism appeared to grow ahead of the start of the earnings season, which will provide concrete insight into the state of U.S. corporations.
What are stocks doing?
The Dow Jones Industrial Average DJIA, +0.31% rose 69.61 points, or 0.3%, to end at 22,830.68. The S&P 500 SPX, +0.23% added 5.91 points, or 0.2%, to close at 2,550.64. The Nasdaq Composite Index COMP, +0.11% reversed earlier losses to finish 7.52 points, or 0.1%, higher at 6,587.25.
All three benchmarks touched fresh intraday peaks during the session. Highlighting a recent uptrend in equities, the S&P 500 has risen in nine of the past 11 sessions and the Nasdaq has gained in 10 of the past 11.
(Excerpt) Read more at marketwatch.com ...
So when should I convert my investments to more conservative options? I’m thinking Dow at 23K might be a good time but I haven’t changed my mix in about 10 years and have gotten through slumps quite well.
Oh gosh, now my eMail inbox will get 47 more warnings on the market about to go belly up tomorrow.
Bookmark
Keep an eye on the tax cuts.
If he gets them, and they are a good set of them, the market could continue this for quite some time.
What if Corker and team dig in their heals and we get nothing?
They dare not
Living is important
There’s nothing the RATs would love more than to see a market crash during the Trump Administration. When there’s RATs like Buffett and Soros directing a lot of “traffic”, an “engineered” crash is not out of the question. They could easily stampede the “herd”.
At some point the market could decline, or it might continue to simmer because of other good policies.
It’s hard to say.
Everyone should know, I’m no sage on these matters. I can only address what’s going on in this contemporary setting and suggest what the likely outcome would be.
Someone else might see reasons for the opposite action too.
Yeah, that’s what I’m doing. I think tax cuts will happen, but if they don’t, the stock markets will tumble. Timing is key...
Best of luck to you.
I’m just wondering...has the Dow ever hit 47 consecutive highs in the first eight months of any new administration?
I don’t follow the markets, but this sounds pretty phenomenal.
Next correction for whatever reason,they’ll be gloating and leading the news with it.
The so-called news magazines probably already have the covers ready to go.
Not so phenomenal. There are many speculative articles about the market. But it depends on what factors go into the mix to formulate graphs and whether the market is in a bubble or not. Hard to know which "experts" to believe. From what I've read, there have been some short bear markets within the stretch touted as a bull run, based on different factors that the naysayers didn't use. So the bull market hasn't exactly run for eight years or so, only perhaps only half that. The bull market still has the ability to run for several years more.
Despite my fears of a bubble collapse, I kept my money in the market and have seen it grow phenomenally since 2008. I'm glad I didn't cash out. I wish I was more aggressive, but play conservatively and spread investments to different things. Stocks have grown the most and outdistanced all the others.
It's like 1928 crazy.
401k going nuts too. Any tax cut legislation to business would be throwing gas on the fire.
West Virginia had second highest GDP
Materials ETF VAW also up.
WASHINGTON - West Virginia had the second highest growth in gross domestic product (GDP) of any state in the country during the first quarter of 2017, and Gov. Jim Justice attributes the climb to the bounce back in the coal industry.
Mining grew by 21.6 percent nationally, according to the U.S. Department of Commerce report, contributing to growth in 48 states. That made Texas, West Virginia, and New Mexico the three fastest growing states, growing at 3.9 percent, 3.0 percent and 2.8 percent, respectively.
"I know the coal business like the back of my hand and the current spike in the coal market was one I saw coming, and our state Legislature refused to listen," Justice said in a news release. "If you go back to the October 2016 debates for governor, I said that coal would rebound and that our severance tax collection would go up. Some people laughed at the time, and they were totally wrong."
The governor's office also reported that a new Reuters analysis shows U.S. coal exports have increased more than 60 percent this year due to soaring demand from Europe and Asia.
Now you know why WV loves Trump.
Delivering promises Bigly.
Looks like my IRAs will have another good year - Thank you President Trump!
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