Trump stock market rally continues; Dow hits new high

Where were you when it was tanking?

Long term prospects are down - US growth forecasts are being cut. The market is reacting to tax cuts and deregulation, but forecasts for long term growth are negative.

 

Trump is a guy who has bankrupted many business. America voted a racist misogynist as president. Why can't we have Romney. Nasdaq is down 1.6%.

 

I'm waiting to see how the stock market reacts to:

1) An extremely expensive border wall that does virtually nothing to increase security
2) Cost of living skyrocketing due to protectionist and insular trade policies
3) Wages flatlining and backsliding as supply side policies kick into high gear
4) More wars and nuclear sabre rattling
5) The national debt exploding due to irresponsible tax cuts and an explosion in military spending

 

I wish we had Romney.

 

actually, most hedged their position

the two best economic eras in recent history include the Reagan and Bill Clinton years.

Neither of them were businessman;

Reagan was an actor, union leader and radio commentator; w Bill Clinton a career politician​

the two worst economic eras in recent history include the Jimmy Carter and GW Bush years

both had been businessmen​

 

He is a businessman with a track record of failure. He's been unable to secure loans, defaulted on loans that he did secure, has lied about having an MBA for Wharton, had his businesses file for bankruptcy, defrauded Americans, has claimed credit for other people's businesses that he sold his name to, etc.

 

That market should rally, for now. Those with money are gonna have free reign under the known plans of the RNC. Especially, since early signs are that Trump is gonna let the RNC enact their Ayn Randian Wonderland. It is the long-term that should concern us all, especially once we actually know what Trump's economic agenda will be. We have to wait since he never actually articulated an economic plan....

 

The Market initially were fearful of a crazy man. Then Trump actually acted presidential in that victory speech. That's my theory.

And market rally and highs are great. But, there is this huge disconnect between wall street and main street - or at least that's what anti-establishment folks believe. So, in that spirit, main street is waiting.

 

liberals - the party of so much fail

always wrong

 

Obama called the bottom of the market

 

I love it. Trump's economic plan is very Keynesian which is ironic since the GOP has fought that type of economics for 8 years under Obama.

Trump plans include a lot of Keynesian spending that will add trillions to the debt in return for infrastructure spending and tax cuts. A great article on what that markets are showing:

https://marketmonetarist.com/2016/11/09/make-america-keynesian-again/

Essentially, the things you'd expect to be up based on a perceived large public spending is up: commodities, treasury bonds, and companies involved in construction and related services.

If Trump's economic plans goes through it only corroborates my view how the GOP congress essentially sabotaged American economic growth under Obama.

 

I didn't realize the US had a Liberal party.

 

Great news, makes my put options cheaper.

 

The economy is good right now. Low unemployment and rising real incomes. It's the potential fall out from putting up tariffs, excessive spending while 'cutting taxes', and the potential for trade wars that are going to be the issue in the next several years. As corporate earnings go, so do stocks.
But I am of the mind that there will be a recession in the next few years regardless of who became president. Bull markets do not last forever. It just happens to be Trump who will have a recession, and GOP will blame it on Obama.
Thanks Obama.

 

That's the ironic part, the economy is doing a lot better. Employment is up and wages have actually increased signaling a demand for more skilled workers. The problem is Trump's appeal is in state's where the people haven't adopted to this new economy and have been left behind. The bolded is what concerns me.

 

I think investors realized that Trump wasn't going to start trade wars or do any of the nutty crazy things and that's why the market rallied so much. It's more out of relief than anything else. His policies will boost certain sectors like Pharma so that also helps.

It also means your premiums will likely go up in a few years

 

It's the 5th Elliot wave , volume still weak

 

You shouldn't wait too long. Your list shows you don't understand much about markets.

 

Congress is more powerful on paper than the president as they control the budget. Will the actual GOP allow Trump to be Keynesian public spender? Will they allow him to back track on "free trade"? Good questions as Congress can obstruct Trump.