OT Dow breaks 20000 and President Trump is giving orders to build the wall
- Thread starter Pennick44
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Does anyone know what the Dow was when Obama took office and what is was when he left ?
Trump is sure keeping his promises ! However, I still believe that the stock market has been
in a bubble long before Trump was elected !
in a bubble long before Trump was elected !
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not matter what side of the aisle you are on, this is sort of like giving the Back-up QB credit for the win because of his garbage time score late score. 11,000 points and you want to give credit for the guy that saw 700
Echo,
I believed when President Obama took office, the DJIA was close to its bottom close to 7000.
We certainly had a Major Bull Market for the last 8 years. So if a President deserves credit for a Bull
or a Bear Market, than Obama gets credit for that.
However, I have studied and invested in the Stock Market for many decades, and when Obama
took office, the Market had bottomed, Stock values were exceptional investments, PE ratios for high
yielding Blue Chip Stock were unde 10 and those stocks were yielding 4% +.
Bank yields were next to zero, Where else was the money going to go ? Into Blue Chip Stocks ,
of course. Some months ago, I looked at my Blue chip Stocks, especially my Pharmaceutical Stocks,
They were selling at PE ratios in the low to high 20's , I checked their charts and noticed a topping pattern,
so I really lightened up on my investments in all stocks and I am sitting on my cash.
In Short , President Obama's election was just at the very early stages of a Bull Market, and I think,
President Trump is coming into office at the Top, bubble part of this Bull Market which, based upon stock
Valuations, will either move sideways until stock earnings rise and PE,s drop. That will be a long sideways market
which will move in a Broad Range for many years, Or we will get a still bigger move up until the Bubble bursts and
the bottom falls out of the Market, the drop will be very painful, untill Pe ratios get back or close to good or great value.
Just my views , I could be dead wrong on the market, but history is on my side.
It was in the tank when he got in, and it skyrocketed since he's been there. The stock market isn't a "win" for either Trump or Obama. The thing that matters is the growth rate, which was and still is abysmal. Again, not a "win" for either Trump or Obama.
The Dow close on 01.20.09 (The day Obama was sworn in) was 7,939.93. It broke from a high of approximately 14,200 in 2007. What followed was the most unprecedented intrusion into private capital markets in human history. The Federal Reserve in a undisciplined attempt to supposedly resurrect a market reset, kept interest rates artificially low for the following 8 years. The people who benefited were the most prosperous of our nation and large multinationals that could take, and did, full advantage of this unique opportunity to borrow at extraordinarily low rates. We witnessed a steady appreciation of market values because of Fed action and a weakening dollar that only motivated international investment into our markets and equities. The low of the day, before the November 2016 election was 17,883,56. The question that should be asked is if the Hillabeast won, would we be 1,600 points higher today or trading lower? The ignition of this last market move is the reset of taxing and the unburdening of strangling regulations. None of which Hillary would have done. The market is on the way to approximately 22,000. A pause that refreshes will follow, maybe 2,000 to 2,500 point correction and when the market catches it breath it will follow up to 25,000. From here on up the breaks will take your breath away and challenge your manhood. Be prepared.
I remember when Ronald Reagan advocated tearing down the wall that communists claimed was built to protect themselves from the invasion of western fascism. I remember thinking he was right.
Howard,
You may indeed be right about your top of 25000 ? My top, which I projectec from the bottom was
the very low 19,000. We certainly passed that. I never had the Cajons to short sell. I did try short selling Cisco at the top of the last Bull Market. I tried that play 3 times and each time Cisco rallied and I ran for cover. So as I was licking my wounds, the stock finally collapsed along with the rest of the Market.
Since, I sold out most of my stock at my projected high this time, I have put on some small,
spread Option positions to still get some more money out of this Market. Great fun !
You may indeed be right about your top of 25000 ? My top, which I projectec from the bottom was
the very low 19,000. We certainly passed that. I never had the Cajons to short sell. I did try short selling Cisco at the top of the last Bull Market. I tried that play 3 times and each time Cisco rallied and I ran for cover. So as I was licking my wounds, the stock finally collapsed along with the rest of the Market.
Since, I sold out most of my stock at my projected high this time, I have put on some small,
spread Option positions to still get some more money out of this Market. Great fun !
Hugh Difference. The Russians built to Imprison inocent people ! We are building the wall to keep people
from entering our country illegally.
I can't wait till the Donald finds those 3 to 5 million fraudulent votes.
Liar in Chief. Comrade Putin put him in and his fake news is trying to fool the masses so he can stay in?
What a joke.
You should plug your tinfoil hat into an electrical socket!
Like how the sad trump photo of the mall vs. Obamas (and all of the Washington metro numbers were far, far below Obama's inauguration day numbers.) Yet Trump is still claiming he had bigger crowds!
The only crowds were the crowds of white male billionaires standing around trump with their hands in all of our pockets. Happy that you are happy by the Dow numbers.
Can't figure out how that is helping all of those middle class workers who voted for him.
Hey, but trust me. I'm gonna build a huuuuge wall. You won't be able to go to the doctor or collect Social Security or earn a real wage, but we'll have this nice wall.
Even if I'm happy to see him fail, it is gonna be hard to watch it all come apart.
The only crowds were the crowds of white male billionaires standing around trump with their hands in all of our pockets. Happy that you are happy by the Dow numbers.
Can't figure out how that is helping all of those middle class workers who voted for him.
Hey, but trust me. I'm gonna build a huuuuge wall. You won't be able to go to the doctor or collect Social Security or earn a real wage, but we'll have this nice wall.
Even if I'm happy to see him fail, it is gonna be hard to watch it all come apart.
Hurt your little libtard feelings! Enjoy your fake news and life! Lols. Enjoy your President!
The communists built the wall because people were leaving the country left and right. It wasn't built to keep anyone out. It was built to keep people in.
Don't let empirical facts get in the way of fake news!
I love how the Russian-American conservatives are celebrating the Trump victory and all. They know how it benefits Putin.
Just think how much better off we'd be if an American conservative would have won.
Just think how much better off we'd be if an American conservative would have won.
It's certainly been good for tinfoil sales - no wonder the DOW is at an all time high!
Obama doubled the debt of every other President put together ....
To put $20 trillion into perspective, it’s about $160,000 per US taxpayer, and exists in addition to the mortgage, credit card, auto, and student debt that your hypothetical taxpayer probably carries. It is in short, way too much for the average wage slave to manage without some kind of existential crisis.
Right. But they claimed it was the other way around. Which is what I said - "claimed".
Trump wants to renegotiate NAFTA. Personally, I think the wall project has more to do with trade negotiations than implementing effective immigration control or national security.
Thank God Obama is gone and Clinton is not in office either.
Everyone knows the debt number is more complicated than it appears, but keep on with the republican propaganda. Please inform yourself instead of making malformed opinions. http://www.factcheck.org/2016/04/obamas-numbers-april-2016-update/
More importantly when are some of these posters going to stop acting like 13 year old girls. Like the president you keep posting stuff here screaming for attention. Please find a hobby until next football season. FYI - watching Fox Entertainment "News" is not a hobby.
Most Likely Trump ! However, in reality, Presidents have very little to do with the Cycles of the Stock
Market Trends. Stock Values do as measured by earnings, price earning ratios, etc !
As I and others have posted earlier, the market and most stocks are extremely over valued,and while they may go higher, eventually they must fall back until they become good investments again.
Right now Negative Interest have no place for investorts to put their money except into Stocks yielding
2 % or stocks growing their earnings at a high growth rate !
If and when the Federal Reserve starts to raise interest rates, The Stock Market will start to Fall fairly
steeply . Bond interest rates increse, Banks start paying a decent rate of interest to depositors, Investors
will have more options and Stocks will fall !
Great - the bullet point on the debt says exactly what I said - try comprehending before spewing useless twaddle!
Positive sign for the stock market, but why this silly wall? Many of the illegal migrants are coming from underground and through passages that a wall, no matter how high you build it, won't stop. Save the 13-25 billion and invest it in greater human resources, or a small army of optics and drones to greatly increase boarder security, especially in the areas it's lacking. Expand ICE, the DEA, etc, etc and create jobs that way. No matter how tall the wall is built, people with ingenuity will find away to get under or around it.. JMO.
And as expected, now that the election is over, Mexico won't be paying for the wall. U.S. taxpayers will be and Mexico will apparently be reimbursing y'all, over an undefined period of time, in a way that is apparently far too complicated for us simpletons to understand.
Much prefer Trump to Hillary, and I'm pumped about Keystone because of how it positively helps our economy (specifically my friends in Alberta), but some of these ideas pertaining to the wall are just ridiculous to anyone who spend 5 minutes to think about it.
And as expected, now that the election is over, Mexico won't be paying for the wall. U.S. taxpayers will be and Mexico will apparently be reimbursing y'all, over an undefined period of time, in a way that is apparently far too complicated for us simpletons to understand.
Much prefer Trump to Hillary, and I'm pumped about Keystone because of how it positively helps our economy (specifically my friends in Alberta), but some of these ideas pertaining to the wall are just ridiculous to anyone who spend 5 minutes to think about it.
Right you are IIO. Just look at the Germans and France's Maginot Line during WW2.
Mexicans and Central and South Americans who want to illegally come into the USA will simply revert to boats and come in via New Orleans, California or other points along the sea shores.
Does anyone remember we were losing over 700,000 jobs a month when Obama took over? Did you not realize that it would continue to snowball as the loss of demand from those leaving work would mean more job losses? Obama had a very small window from the time Franken's election was certified and Kennedy died in which to get anything done. The GOP vowed they would not cooperate with Obama; despite this we have had continual record job growth. The GOP opposed the stimulus but it was the main reason the economy was turned around. There were very few tools at that time as interest rates were already historically low.
Bush took a surplus and turned it into a huge deficit. Obama has reduced the annual deficit since he took over.
There is no "American Carnage" now- we were much closer to it in 2009.
Bush took a surplus and turned it into a huge deficit. Obama has reduced the annual deficit since he took over.
There is no "American Carnage" now- we were much closer to it in 2009.
With such a great economy you would think the Democrats would have won a landslide victory!
Like Madoff, Trump is a good salesman. With promises of unrealistic returns, he got votes from good unsuspecting people. When he crashes, his "friends" will be the angriest. He's no "Tear down this wall" Reagan.
You have no idea what you are talking about. Complete ignorance. Every sentence, thought or word in this mess of an explanation is either inaccurate or voodoo mysticism.
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