Dow jumps 240 points to all-time high as Wall Street ends record-breaking week on a high note

CNBC ^ | July 12, 2019 | Fred Imbert

[daler]

This article would seem to indicate Trump has nothing to do with any of it.

[neverevergiveup]

"This article would seem to indicate Trump has nothing to do with any of it."

The reality is that the stock market is an indicator of what the private sector is accomplishing, and of investors' trust in what the private sector will accomplish. The most common effect government has on the markets (both the true marketplace AND the stock market) is to hold them back - with few exceptions.

During the Obama administration the general economy was so poor that the Fed lowered interest rates to incredible lows. This kept the market from diving, in part because there was nothing else to invest in with much chance of a reasonable return on investment. Trump's policies and tax reduction have fueled remarkable economic growth, and despite that the Fed has not made moves on interest rates that would help the economy or the stock market, the economy and the stock market have surged. Trump deserves great credit for this.

[daler]

Sorry, I was being facetious and not very clear about it.

The president deserves ALL the credit for the current economic boom, but the media is bending over backwards to deny him any of it.

I’ve heard the msm repeatedly call what we’re experiencing “the tenth consecutive year of recovery.”

Disgustingly outrageous.

[neverevergiveup]

One of the few things the MSM could do that would be shocking would be if they actually told the truth.

[billyboy15]

Lol, you said something to the effect it could be a “doozy” of a correction well, a ,correction” is by definition just a 10% drop.

So then there cannot be a “doozy” of a correction, just a correction, while there can be a “ doozy of a crash or selloff.

Of course the term “doozy” is subjective so who knows. I personally maintain a balanced (55-45) bonds to equities with all distributions reinvested and ride out the storm. It has worked well for me over past 40 yrs.

[AFPhys]

It seems only a couple months ago I was celebrating Trump’s inducing “S&P at 2500”. I know it actually has been more than a year, but still, this is amazing.