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.
yep
Good job, ladies. However, it is “Effect”.
Yeah, I agree. I think folks ARE most optimistic now that a REAL successful businessman will be at the helm of America, but there are still debt loads. Dallas is talking about bankruptcy these days.....
You should never have left. Buy, hold, and rebalance.
Democrats like to use the stock market (like everything else) to their political advantage. I generally don’t do that.
After all, there are many things that affect the stock market, not just the one thing that is identified. Also the market is not everything - far from it. For example sometimes Wall Street does well, and main street suffers. Finally, there is spin. A rising market can be treated as a good thing under a President Hillary. Or it can be presented as a bad thing under a conservative: fat cats getting richer while the poor get poorer.
On the other hand, maybe investors are seeing a better investment climate under President Trump. Private investment has been underappreciated. Private investment is the engine that pulls us towards a more prosperous future. It is not government. It is not consumption. It is private investment that gives us new well-paying jobs, a rising standard of living, and the American dream of a better life for our children.
Very, very few people are able to time the market successfully. Most of the long-run returns from investing in the stock market come from what happens in a few days or weeks each year. You would have to be able to pinpoint those days/weeks going in and going out in order to be a succesful market timer. Good luck with that ...
Unless you are a successful entrepreneur or real estate investor, or you inherit or marry money, the stock market is the only way the average Joe can accumulate enough money to fund a comfortable retirement.
Then you should borrow all the money you can, put it into a short-selling strategy and make a fortune over the next year. Do you have the courage of your conviction?
The futures market started tanking in the early AM of November 9th when it became apparent that Hillary! faced a tougher road to an Electoral College win than most pundits and prognosticators thought. That was the uncertainty factor. As an EC victory for Trump became more and more likely, the uncertainty was resolved and the futures market did a 180. It was fascinating to watch in real time.
For a decade, a dollar would buy roughly .8 Euro, and at one point .64 Euro. So it is a bit shocking to see it near .9 and people talking about the Euro reaching a 1.05 relationship to the dollar within the next six months.
I can remember the period in the mid-1980s where you had E5 NCOs in Germany who could afford new BMWs because of the crazy German Mark rate to the dollar.
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.