Is this stock market crazy or what? DOW up 224 today.

[airplanemechanic]

The DOW is blowing through 1000 point thresholds every couple of weeks. Is this due to FOMO money (fear of missing out) that's finally coming off of the sidelines or is it foreign investors piling into the US market? Whatever it is, Mikey likes it!

Whatever it is?

Of course it's the 8 years Obama spent turning around the Bush Recession!

And had the economy tanked under Trump, would Obama have gotten the blame for that as well?

 

[peach174]

It's going up too quickly

The stock markets are based on consumer selling, buying and saving.
When taxes are lower it gives the people their own money to spend and save.
This strengthens the whole Nation as well as the rest of the world.
This is basic economics and should never be a left or right thing.

 

[MarathonMike]

So, is everybody in? We're still quite a few thousand in cash because this is a high, and yeah, there will surely be some sort of dip, a buying opportunity. But we're also well in because, darn, it just keeps going up, up, up! What did Trump say today? "America is open for business." This guy could be a hard act to follow, with respect to prosperity.

We are not all in but we have the highest percentage in stocks we have ever had around 55% the rest in cash and real estate.

55%? I'll tell Himself about your percentage. I think we're around that ourselves. The rest in bonds and cash. We don't count real estate, as we live here.

Yes I meant outside of our residence when I said real estate.

 

[Carl in Michigan]

And had the economy tanked under Trump, would Obama have gotten the blame for that as well?

You know the answer to that. That would be Trumps fault

 

[Mac1958]

Current market forward PE Ratio 19.09.

Definitely pricey, but we'll see what earnings look like.

Partisans, get ready to crow or spin.


.

 

[frigidweirdo]

Er... you've shown nothing to back yourself up.

The Chinese are slowing their economic growth down. Why? Because they don't want recession.

Trump only has to look good in 3 years time. What difference does it make to him if there's a recession in 5 or 10 years time? He won't be the unemployed one who loses his home.

Absolutely. You should totally stay out of this market, FW. Don't trust it, don't put any money in it. Keep your 401(k), if you have one, exhausted in a cash IRA so no one will invest it in this awful, awful market that is sure to collapse any moment. Also always vote Dem or communist, and that way you'll always be just as rich and happy as you are right now.

You can't just talk about the issues, can you?

 

[ShootSpeeders]

The stock markets are based on consumer selling, buying and saving.

HAHAHA. What an ignorant thing to say. The stock market is now high frequency trading and computers talking to computers.

 

[Baz Ares]

The DOW is blowing through 1000 point thresholds every couple of weeks. Is this due to FOMO money (fear of missing out) that's finally coming off of the sidelines or is it foreign investors piling into the US market? Whatever it is, Mikey likes it!

Take Shelter now.

 

[Circe]

Yes I meant outside of our residence when I said real estate.

We talked about it and decided that was what you meant. Interesting.

 

[Circe]

You can't just talk about the issues, can you?

Why should I? You aren't talking about the issue: which is a booming stock market rally. You just promote doomed-to-gloom disaster scenarios that you suppose will benefit the Dems or other leftists. Not useful discussion.

 

[DrLove]

The DOW is blowing through 1000 point thresholds every couple of weeks. Is this due to FOMO money (fear of missing out) that's finally coming off of the sidelines or is it foreign investors piling into the US market? Whatever it is, Mikey likes it!

Yep, the whole world is doing well - simply a continuation of the Obama bounce out of the Bush recession.

LONDON — A decade after the world descended into a devastating economic crisis, a key marker of revival has finally been achieved. Every major economy on earth is expanding at once, a synchronous wave of growth that is creating jobs, lifting fortunes and tempering fears of popular discontent.​

Every One of the World’s Big Economies Is Now Growing

 

[Meathead]

Yep, the whole world is doing well - simply a continuation of the Obama bounce out of the Bush recession.

Bounce? Out of recession of a 8 years ago?

If Trump had kept Obama's economic policies, then you might have had a point. Being that Trump reversed Obama's misguided and puny attempts at economics and insigated a new tax law, your simplistic and knee--jerk meme might have made a bit of sense, but obviously that's not what's happened in the last year.

 

[DrLove]

Yep, the whole world is doing well - simply a continuation of the Obama bounce out of the Bush recession.

Bounce? Out of recession of 8 years ago?

If Trump had kept Obama's economic policies, then you might have had a point. Being that Trump reversed Obama's misguided and puny attempts at economics and insigated a new tax law, your simplistic and knee--jerk meme might make a bit of sense, but obviously that's not what's happened in the last year.

So the fact that every one of the world's large economies is growing is credited to Donald Trump?

That's funny

 

[Meathead]

Yep, the whole world is doing well - simply a continuation of the Obama bounce out of the Bush recession.

Bounce? Out of recession of 8 years ago?

If Trump had kept Obama's economic policies, then you might have had a point. Being that Trump reversed Obama's misguided and puny attempts at economics and insigated a new tax law, your simplistic and knee--jerk meme might make a bit of sense, but obviously that's not what's happened in the last year.

So the fact that every one of the world's large economies is growing is credited to Donald Trump?

That's funny

Yes, a signicficant part of it, but don't worry your pretty little head about such guy-things.

 

[jasonnfree]

Too funny working stiffs talking stock market stuff. It's a rich man's game and the proles are better off spending their spare time working side jobs for a little extra scratch if they're worried about the future.

 

[Meathead]

Saul Loeb | AFP | Getty Images
President Donald Trump
Donald Trump lifted the Dow Jones industrial average in his first year in office more than any other president since Franklin Roosevelt.

The Dow has surged more than 31 percent since Trump's inauguration on Jan. 20, 2017. That marks the index's best performance during a president's first year since Roosevelt. The Dow skyrocketed 96.5 percent during Roosevelt's first year in office.

(Returns measured from the day before the inauguration.)


"This is all about policy," said Bruce Bittles, chief investment strategist at Baird. "You've got lower taxes, less regulation and confidence in the economy is high. Things are firing on all cylinders."

Trump quickly moved to cut regulations enacted by previous administrations. He also successfully pushed to overhaul the U.S. tax code. That revamp included slashing the corporate tax rate to 21 percent from 35 percent.

The president made it to the White House saying he would "put America first." Since taking office, Trump has pushed to have companies bring back jobs to the U.S. and has said repeatedly said his policies would help to accomplish this.

 

[MarathonMike]

The DOW is blowing through 1000 point thresholds every couple of weeks. Is this due to FOMO money (fear of missing out) that's finally coming off of the sidelines or is it foreign investors piling into the US market? Whatever it is, Mikey likes it!

Yep, the whole world is doing well - simply a continuation of the Obama bounce out of the Bush recession.

LONDON — A decade after the world descended into a devastating economic crisis, a key marker of revival has finally been achieved. Every major economy on earth is expanding at once, a synchronous wave of growth that is creating jobs, lifting fortunes and tempering fears of popular discontent.​

Every One of the World’s Big Economies Is Now Growing

The Obama bounce? You mean the 8 years of sustained anemic ~1% growth that Donald Trump turned around in one quarter?

 

[airplanemechanic]

Obama's recovery will go down in history as the slowest recover from a recession since WW2.

They say (half) black guys like to take it slow, they weren't kidding.

Yes, this is the slowest U.S. recovery since WWII

 

[DrLove]

Saul Loeb | AFP | Getty Images
President Donald Trump
Donald Trump lifted the Dow Jones industrial average in his first year in office more than any other president since Franklin Roosevelt.

Meh - markets performed much better after a year of Obama:

Trump Said the Dow Hit the Most Record Highs Under Him. Then This Economist Schooled Trump

 

[airplanemechanic]

Saul Loeb | AFP | Getty Images
President Donald Trump
Donald Trump lifted the Dow Jones industrial average in his first year in office more than any other president since Franklin Roosevelt.

Meh - markets performed much better after a year of Obama:

Trump Said the Dow Hit the Most Record Highs Under Him. Then This Economist Schooled Trump

What are you talking about? Obama didn't have a record high on the DOW until he was almost out of office. Then Trump got elected. The DOW went up 18 % from its low in Obama's first year and a dismal 11% in his 2nd.

In 2017, it went up 25% under Trump.

Might want to stop watching fake news. Justin Wolfers, whoever the flying fuck that is, has no fucking clue what he's talking about.

Dow Jones Industrial Average (DJIA) Yearly Returns