Posted on 11/22/2016 8:41:19 AM PST by SeekAndFind
For the first time in its 120-year history, the Dow Jones industrial average has surpassed 19,000 in intraday trading on Tuesday. Considered one of the world’s best stock market gauges, the Dow shot up 56 points in early Tuesday trading to reach a peak of 19,013.12. Most of the gains are attributed to Boeing.
The Dow Jones Industrial Average just traded to the highest level in history https://t.co/X2728kLLWM pic.twitter.com/5x7N8G0nM2— CNBC (@CNBC) November 22, 2016
The record breaking performance is just the latest in a streak of market indications that investors are bullish on the incoming Trump administration. The S&P also traded at an all-time high Tuesday at 2,200 while Nasdaq also saw record highs. All three indexes closed at record highs last week, as did the small-caps Russell 2000.
"Global equity markets are reacting positively to new all-time highs in the SPX," said Katie Stockton, chief technical strategist at BTIG, in a note. "Momentum is proving strong enough to overrule overbought conditions, so we think it is appropriate to be buying breakouts."
Experts are attributing the stock market gains to Donald Trump’s election victory. Investors are still not certain what his entire policy agenda will be, but they are betting on a much more friendly business environment compared to the current Obama administration.
Reminder: The Dow Jones nosedived 313 points (2.4 percent) the day following Barrack Obama’s 2012 re-election victory.
Investors seem to have more confidence in one leader than the other.
Should we get back in?
The Trump “crash”.
And Trump isn’t even in office yet...!
The Stock Market is Las Vegas for the Super Rich.............
I did yesterday afternoon but I fear the fund trade might not be accomplished in time today
Often Wrong but Seldom in Doubt school of economics and investing (the Latin for which, I am told, is “Saepe mendosus, nunquam dubius.”)
0bama will be taking credit for it in 3...2...1...
No!
I’d be careful. The left will salt the fields before leaving.
: (
oh come now. Any one can buy a mutual fund
Should we get back in?
____________________________________________________________________
NO! That defeats the purpose of “Buy Low and Sell High”!! Sell what you have at these levels and wait it out. Another recession is coming and the DOW will most likely be at 10,000 which will present itself with another tremendous opportunity IF you have the cash to buy then!! That’s how it works....
ping!
it’ll drop under 10,000 within a year...
LOL. Sounds a lot like me. ;-)
When the stock market has become capable of 'buying' and 'selling' large blocks of stocks in the span of a few microseconds, supported by huge arrays of computers in nondescript warehouse-like buildings not even located in the same state, it has ceased to become the way for the little guy to make any money by 'investing'...................
I will offer a different opinion and say yes. The dollar is rising against many foreign currencies. It is a good trade for foreigners to invest in America, as the investment is receiving a boost from the rising currency. There is a substantial uncertainty about European elections, and the future of the EU. The foreign money coming in will boost the stock market.
If you’ve made enough money and are happy with your profits and yet, are unsure if the markets will still go up or way down, You can put a TRAILING STOP NOW.
I always do that to the stocks that have gone up by at least 20% of my portfolio. If I already made 20% and still feel that there could be some more upside, but want to protect my gains, I put a trailing stop.
See here:
http://www.investopedia.com/video/play/how-use-trailing-stops/
Did anybody tell Krugman? Or has he extracted his cranial appendage from his anal orifice long enough for anybody to communicate reality to him?
“Should we get back in?”
Get back in?Hell No.Not for me.This market is too unstable and overvalued.
Better off going to vegas and using a slot machine.
With Wall Streets history those gamblers can’t be trusted.
Will the media admit that this is over enthusiasm for Trump?
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