The market closed at 20,000 today. This is the 18th new all time high since Trump was elected. http://money.cnn.com/2017/01/25/investing/dow-20000-stocks/
Market should continue to go up, unless Trump drop a protectionist trade turd. Market still waiting on that. Market has done great for years now. And the Trump message was pretty much, wallstreet, but not main street. So, main street not impressed, not liking so much wall street takeover of the oval office, but still waiting.
also my dad who was recently forced to retire (oil layoff) is probably ecstatic. he's got stock funds that i'm sure he's excited about. he's mainstreet all the way, was a pump truck driver for 30+ years!
http://www.macrotrends.net/1358/dow-jones-industrial-average-last-10-years Good news but the DOW was at record all time highs in 2007 and we all know what happened afterwards. <a href='http://www.macrotrends.net/1358/dow-jones-industrial-average-last-10-years'>Source</a>
Just because the market went down at some point in the past doesn't mean the market always drops back down. Investing in the market and reinvesting dividends is simply a very profitable long term investment. Hopefully Trump will be able to privatize a portion of social security. If W Bush would have got that passed it would have been a massive success even with the crash.
this is the best news so far; trump, he has, thus far, made no reference to this historic development/fact. yet the thin-skinned bully is wasting his time/energy on alternative new, such as the crowd size at his inaugural his lie about ~ 3 million illegal votes, all of whom voted for Hillary.
If we close down the EPA and cut the corporate tax to 5% we can probably get that sucker to 30k by the end of the year. Yessss!
America was already back on track before Trump took over. If he goes through with his and the democrat's infrastructure plan then it will go higher. I would be bet if Trump goes through with his protectionist policies then will he market will tank.
Great news for folks retiring today. Stocks will go up and down, and either way is fine. But what we don't need is a major collapse or crash. Those are real problems. Actually some added regulation on Wall Street could help prevent what happened after the boon in 2007.
Privatizing part of social security would for sure be good for Wall Street and traders. As far as the tens of millions who depend quite a bit on on social security it will depend on whether they have the good luck to have their peak earning years occur during say a 15 year bull market or the bad luck of having their peak earning years during say a 15 year period of little growth. The fact that it will be great for the billionaires who control Wall Street is the reason why there is so much outright lying out there about social security. See Pete Petersef for instance. Wall Street is slobbering over their cut for managing the trillions that flow into the system. Social security is supposed to safe money not the part of your retirement that you speculate with. Social security is largely politically unassailable. Just imagine if they said: "sorry folks we took money out of your checks, for your lifetime, but it is now broke so no checks and we can't bail it out like the banks." Every last member of Congress would be claiming to be the first to urge bailing the system out. On the other hand if they can talk especially young folks out of it, (arch Ayn Randian, Speaker Paul Ryan's little scheme to elimnate it for the under 50 crowd is slick and could succeed. Wall Street and the rightie fundamentalists might be able to succeed just like they have often managed to eliminate fixed pensions for most younger workers, often keeping the good stuff for the older crowd. See the post office and many corporations.
Just for comparison obama's 8 years was the greatest rally merely because of how low stocks were when he took office.
True. I just remember 2007 GOP members saying the DOW being at record highs was proof of a successfully run economy up until its collapse.
The Fed caused the market to rise for much of the past 6 years. Low interest rates. Now it's Trump's pro-business mindset.
Lol. Low interests are what happens when you go through a severe economic crisis. But now.... it's vague pro businesses policies on top of low interest rates?
i'm no wall street expert but i think stocks are rising because corporate profits are about to increase if corp taxes get cut as trump as already mentioned regardless if revenue increases. so i expect a little bubble but not much if we get 4+ years of lower corp tax rates.
And rumors of the overseas repatriation tax holiday which will go mostly to share buybacks and dividends.
