Posted on 12/18/2019 1:01:18 PM PST by Eddie01
The U.S. stock market shrugged off the impending impeachment vote Wednesday morning, pushing major U.S. stock indexes to record highs.
The S&P 500 moved up to 3198 to set a new high in the first hour of trading Wednesday morning. The Nasdaq Composite also hit its highest level ever. The Dow Jones Industrial Average moved higher but remained just below the all-time high set on Monday.
[snip]
The stock market has had a tremendous year. The Dow is up 19.49 percent compared with a year ago. The S&P 500 is up 25.42 percent. The Nasdaq is up 30.18 percent.
[snip]
The stock market’s performance is even more remarkable given the inversion of the yield curve earlier this year and the mainstream media’s fearmongering about recession risks and trade tensions earlier this year.
(Excerpt) Read more at breitbart.com ...
Can't wait to watch the rally tonight.
As other noted today, Nancy wore black to mourn the death of her party.
So, Wall Street apparently liked Trump’s improved chances for 20202 as a recent result of today’s House performances?
Trump could be epic tonight.
I’ll be monitoring...
2020
I would like to think this is a reaction to knowing Trump won’t be removed from office. I wonder how much of the stock market record highs are related to the non-US markets having serious problems right now.
Hopefully, Trump asks tonight why Nancy Pelosi’s son also had a Ukrainian energy job.
The markets understand that this is all bullschit.
All it proves is that most of what the media tells us about Washington DC is a side-show.
The US Government, the permanent bureacracy, all its wars, welfare and social-engineering, the Federal Reserve, its money-printing, and massive debt - are all on auto-pilot. Neither sides of the Uniparty will change a thing.
I think U.S. financial markets are thrilled that it’s almost Christmas time, and the only substantive thing Congress has done all year is launch an impeachment crusade that looks like it was organized in an insane asylum.
Sorry to rain on the author’s parade, but this stock market is a house of cards, resulting from Trump forcing the Fed to reduce rates on bonds and bank accounts to negative levels. Terrible for savers. If rates ever have to rise to control inflation, as they did in the late 1970’s, stocks will move in the opposite direction.
I like President Trump a lot, and I think he’s enjoying the job, but I don’t think he’d serve until 20202. ;)
Investors lining up before the #shampeachment gets ass-kicked in the Senate. As Rush was saying today, once this canard has run its course, it will be a liberating feeling for Trump. He will decide the Dems have taken their best shots at him and he’s still standing, practically undaunted.
You missed #3....
The markets know that for the DemonKKKrats it is all window (un)dressing and jerking off.
When the shackles are taken off, the US economy drives the rest of the world.
Or that the ‘never cutters’/’always spenders’, have decided to increase the budget.
compared with a year ago
Remember that a year ago the Fed’s Jerome created a buying opportunity in the market. Optimists bought stock a year ago. Pessimists sold stock.
Life is not fair. There needs to be equality and equity between Optimists and Pessimists. /s
Yep - Nancy’s mental issues keep on giving - had to tweet to her:
@SpeakerPelosi “Don’t cheer. Keep it solemn”
Said the corrupt mommy to all her corrupt and wayward children. How many Dems did you need to browbeat and threaten to have your way? That is pure child abuse.
We see you and the Empress has no clothes.
once this canard has run its course, it will be a liberating feeling for Trump....
And once all this is over, Trump will unleash the Kraken.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.