Stock Market Behavior

[stevenash]

If the market winds up today with any gain at all, it will be the twelfth consecutive day of gains, something not seen since 1987.  What on earth is responsible for this?

[baddog]

4 minutes ago, stevenash said:

If the market winds up today with any gain at all, it will be the twelfth consecutive day of gains, something not seen since 1987.  What on earth is responsible for this?

Capitalism....$$$$$$$$

Communism...Play Doh

[stevenash]

Perhaps the Russians are "manipulating" our markets.

[tvc184]

The market is driven by emotion. It can be fact or fiction or based on a single event or prospects for long growth.

Right now the market is surging because of Trump. He isn't causing it per se as he hasn't really done anything but the belief is that he will be business friendly (certainly more than Obama) and it will cause long term growth. 

The market always edges up over time. I don't think there is ever a way to stop the US economy but it can slow significantly. It will eventually rebound no matter who is in charge. The Great Depression was from 1929 to roughly 1939. The Dow Jones fall from 1929 to early 1932 tell from almost 5,000 to just under 800. Even so, the DJ in the next 5 years rose more than 400% to around 3,200. How is that possible that in the middle of this huge economic collapse, it rose 400+%? Again, the economy will always recover. People might put off large purchases and might cut back on luxuries but they will eventually need a new car, refrigerator, a vacation, etc. 

The only problem with the Trump bounce will come when it comes back down. The profit takers will either want to make money now and grab some capital before it comes back down or people will slow on the upward climb fearing a bubble burst. 

But it should be obvious that Trump has swayed the opinion of a lot of people on future relaxation of regulations, spurring growth over time. We will have to see if that comes true or it will just be a bounce. 

In my opinion. 

[baddog]

18 minutes ago, stevenash said:

Perhaps the Russians are "manipulating" our markets.

Tell them to keep it up. Lol

I have always said that the market needs no stimulation. It is cyclical and will come around. However, deregulation is a stimulator.

[Englebert]

46 minutes ago, stevenash said:

Perhaps the Russians are "manipulating" our markets.

I'm with baddog, let the Russians keep it up. They've already saved the U.S. by getting Trump elected. Might as well save our economy also.

[PhatMack19]

21,000!

 

Wall Street must have liked Trump's Speech last night.  

[stevenash]

No lefties willing to agree/disagree?

[baddog]

53 minutes ago, stevenash said:

No lefties willing to agree/disagree?

When does the left agree?

[Hagar]

They can't agree.  Upchuck Shoemer said he'd believe it when we had new jobs.  The pipeline & use American steel when possible, and nixing the Pacific agreement, don't mean anything to Upchuck.  And if Upchuck says it's bad, all on the new left are lockstep with the party.

[baddog]

35 minutes ago, REBgp said:

They can't agree.  Upchuck Shoemer said he'd believe it when we had new jobs.  The pipeline & use American steel when possible, and nixing the Pacific agreement, don't mean anything to Upchuck.  And if Upchuck says it's bad, all on the new left are lockstep with the party.

Schumer sitting there with his head down peering over the top of his glasses. What a douche bag. Was he hiding?