Nasdaq broke 7000 today!

[MarathonMike]

To put that in perspective remember that Nasdaq 5000 was the TOP of the insane dot.com bubble 17 years ago. We just closed 40% higher than that today!

 

[HereWeGoAgain]

I know my bank stocks went from six bucks to twenty two bucks a share since Trump was elected.
I've already retired...Hello Wife who's getting ready to join me!!!

 

[william the wie]

This is getting scary. I'm so happy I only write puts on companies that are worth more dead than alive and have really positive earnings growth.

 

[Manonthestreet]

GDP has tripled during that time.....so is the number really outrageous?

 

[william the wie]

GDP has tripled during that time.....so is the number really outrageous?

More or less because it increases the fear factor.

 

[Manonthestreet]

GDP has tripled during that time.....so is the number really outrageous?

More or less because it increases the fear factor.

Does not compute....lets suppress the market atificially to prevent perhaps unwarranted fear

 

[william the wie]

The market is recovering from suppression, all those years and trillions of dollars of QE. To that add changes in tax rates and deductions plus a bear market in bonds.

Here is what we do know:

The Fed is trying to get bond and inflation rates up to 4% to achieve full employment.

The goal of the tax reform bill is to bankrupt the Blue wall and the Democratic party as a national party.

Combined with a rational immigration policy, which we may or may not get and we will get a rocket market with the occasional disaster.