Posted on 01/11/2018 1:35:25 PM PST by John W
The Dow Jones Industrial Average, S&P 500 and Nasdaq all scored new record closes on Thursday, Jan. 11, as Wall Street got a boost from some of its biggest industrial and energy names.
The Dow jumped 205 points, or 0.81%. The blue-chip index was led by Chevron Corp. up 3%, General Electric Co. which rose 0.5%, Caterpillar Inc. which gained 2%, and Boeing Co. up 2.4% .
(Excerpt) Read more at thestreet.com ...
This bubble is going to pop...and its going to be ugly
No doubt that there will be a pull back at some point. However the general direction is up.
You can get rich both ways. Going up or going down. Gentlemen, place your bets please.
Maybe not too soon!..................
Since the morning before the November 8, 2016 General Election, the DJIA index has risen 42.9691955%.
Trump’s bull market has created as much wealth over the last fourteen months, as 43% of the wealth created in the 120 years before it.
120 years / 14 months
Ouch
Now they’re going to be called Rocket Men.
Agree there will be a correction. However, not for some time yet and it will not bring the Dow below its pre-Trump level. We endured 16 years of stagflation during the W and O years. This is the pent up growth happening now.
But... but... yesterday the New York Slimes told us that China was going to stop buying US treasury notes and the economic end of the world had come!
In mutual funds and ETFs the bad companies rise along with the good. There will be a correction. Almost all stocks will go down ... a litte ... Well run profitable companies will quickly bounce back. Poorly run companies that don’t understand the 2018 or 202 version of the US will not bounce back.
Is there a male bovine equivalent of the Clydesdale horse?
Big momentum, low interest rates, big money coming back from overseas spells further upside, in my view.
Of course, there’s always that black swan that could be lurking...
Not that I know of.
Whatever breed that Babe the Blue Ox of Paul Bunyan was... that’s the kind of bull we got. At least on paper.
Yes, good point. I’d forgotten about him.
[Since the morning before the November 8, 2016 General Election, the DJIA index has risen 42.9691955%.
Trump’s bull market has created as much wealth over the last fourteen months, as 43% of the wealth created in the 120 years before it.
120 years / 14 months]
The Democrats aren’t going to like that. Still, that’s quite an increase in a very short time. Will the liberals try to mess it up voting liberal in the mid-terms?
O.K. that was a joke....
>The Democrats aren’t going to like that.
Nor our resident nevertrumpers (see post 2) who have a nearly unblemished record of meeting every thread with a response of doom, double doom, or Trump = Hillary to try and stop the Trump Train.
The thing I haven’t seen said anywhere is that the Trump Bump is happening without “Quantitative Easing” that kept the market up during Queen Putt’s Reign of Error.
Ok. ...then I convert my Ira to a Roth
Yes they show up everywhere. I have wondered but if the Democrats don’t derail this thing we could see growth during the President’s term.
If they’ll stop the insurrection.
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