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Trump Rally Continues...

  1. jackclee lm profile image71
    jackclee lmposted 2 months ago

    The DOW is near 22,000, a 20% jump since November 2016.
    For those who invested in the market, that is a huge return...
    Those who question the wisdom of electing Trump as President, do you have anything to say?
    Despite the inaction of the new GOP congress, the change in business outlook is dramatic.
    What so you attribute this to?

    1. promisem profile image94
      promisemposted 2 months agoin reply to this

      My numbers from credible sources show a 14% jump since November. While it's a decent jump, it's largely meaningless because it's a short-term anomaly. Many experts predict a correction soon.

      It's also produced the most overvalued stock market in 50 years relative to GDP.

      FYI, the market increased 217% over the 8 years of the Obama presidency.

      https://usercontent2.hubstatic.com/13638863_f248.jpg

      1. jackclee lm profile image71
        jackclee lmposted 2 months agoin reply to this

        I don't want to argue but the DOW index was what I was refering to and it is near 20%.
        Also, you are correct in the fact that markets fluctuates periodically and I have no doubt a correction will be forthcoming in the future. No one knows when...despite expert predictions.
        As regards to Obama's 8 years, the numbers don't lie. Yes we had a run up in the market over that period but it was feed mostly by low interest rate and QE spending by the Fed.
        The recent rise in the market is due mostly to earnings and anticipation of a more business friendly administration, and tax reform proposals...

        The question for Trump haters is this - would you kill the goose that lay a golden egg?

        1. promisem profile image94
          promisemposted 2 months agoin reply to this

          Fiscal stimulus from the Obama administration and monetary stimulus from the Fed was the goose that laid the golden egg and saved the country from the Bush disaster.

          The only Trump-related stimulus is the possibility that he and the GOP will pass tax reform that benefits rich people and large corporations. It will send the national debt sky high as even Trump has admitted.

          In the meantime, Trump is screwing up relationships worldwide with threats of trade wars and retaliations. That will hurt the economy.

          Yes, I would get rid of him in a heartbeat.

          1. jackclee lm profile image71
            jackclee lmposted 2 months agoin reply to this

            Obama was the king of debt. Your bias is showing. The stimulus did not save us from Bush's recession. We would hve done ok without the bailout and the deficit spending which went on for most of the 8 years. His ACA was what kept businesses from hiring and prevented a strong recovery. Every economist will tell you that...

            The Trump rally began right after the election. It was in anticipation of changes to come. The market is a forward looking indicator.
            So you would replace Trump with an Obama third term?

            How are you doing economically? Are you part of the elite class that did super well under Obama at the expense of the average Joe?
            Who profitted most under Obama?
            Wall street, lobbists, K Street, and Unions and Insurance companies and trial lawyers....solar energy companies...
            Meanwhile, record debt, chaos around the world, Iran, North Korea, Venezuela...
            And record food stamps, record people on disability, lowest labor participation rate in decades...

            1. promisem profile image94
              promisemposted 2 months agoin reply to this

              Bias has nothing to do with it. Both the federal government and Federal Reserve took on an enormous amount of debt to stimulate a crashing economy. It's basic economics. That's when the "Trump rally" began and drove up the stock market by 217%.

              Your bias is that you overlook the massive tax cuts and skyrocketing defense spending by the previous Republican administration and Congress. They made the debt level and financial collapse much worse. They are provable facts.

              By the way, I would have voted for Kasich had he got the GOP nomination. How's that for bias?

              1. jackclee lm profile image71
                jackclee lmposted 2 months agoin reply to this

                The debt was Obama's doing for the most part. Bush started it with the bailout bill in 2008 but Obama doubled down and drove up the debt from 10 trillion to 20 trillion.
                As regard to Kasich, he is a RINO.
                My first choice was Carson and later, Cruz. He is the only true Constitutional conservative and an outsider. Even thouh he is a sitting Senator, he is despised by both parties.
                With regard to Trump, I did not vote for him with all his baggage...but I couldn't vote for Hillary either.
                Now that he is in office for 6 months, I see that he has done some good and at least is trying...
                Where as the democrats are all obstructionists.
                I call it as I see it.

                1. promisem profile image94
                  promisemposted 2 months agoin reply to this

                  And the Republicans are not obstructionists? They cooperate all of the time with Democrats?  smile

                  1. jackclee lm profile image71
                    jackclee lmposted 2 months agoin reply to this

                    In some cases yes.
                    Where is the Democrat's version of Senators McCain, and Collins and Mukowski?

                    The Democrats votes in blocks...while Republicans fight among themselves...on principle.

                    I believe in obstruction when it is against policies I don't like.
                    When Democrats obstruct, it is actually hurting Americans.
                    Yet, they are reelected year after year...Go figure?

    2. Marie Flint profile image93
      Marie Flintposted 2 months agoin reply to this

      I'm only posting, Jack, to let you know I took the online survey when it came into my email from Trump supporters to learn what Americans are thinking and want. (I didn't vote for Trump, either, but he's our president, and I respect that.)

      1. promisem profile image94
        promisemposted 2 months agoin reply to this

        With all due respect, he is not our president. He is Vladimir Putin's president.

        1. jackclee lm profile image71
          jackclee lmposted 2 months agoin reply to this

          You are just talking silly. Where is any evidence that Trump has colluded with the Russians? Only in the make up world of the NYT... He is our President just like Obama was our President for 8 years duly elected by the electoral college. You are entitled to your opinion but not make up facts.
          So far under Trump, in the first 7 months,
          stock are all time high,
          Illegal immigration is down by 70%,
          Jobs are going higher, companies are moving plants back to US,
          and food stamps are down. These are all good signs...don't you agree?
          Or are you a member of the TDS...never Trumper...let the country be damned.

  2. Live to Learn profile image80
    Live to Learnposted 2 months ago

    Actually, you guys are discussing something I don't like about the stock market. It's all driven by emotion and conjecture. What a way to gamble with a life savings.

    1. jackclee lm profile image71
      jackclee lmposted 2 months agoin reply to this

      Unfortunately, it is the only game in town. With interest rate so low, you can't get any return in savings bank accounts. What do you suggest?

    2. jackclee lm profile image71
      jackclee lmposted 2 months agoin reply to this

      Put it another way, if you invested $10k when Trump was elected back in Nov. 2016, you will be 2000 dollars richer today... that's about 20% in 8 months. Where else can you get that kind of return?
      Why can't someone just enjoy the ride?
      The TDS has really hurt themselves.

      1. promisem profile image94
        promisemposted 2 months agoin reply to this

        If you had invested in the stock market at the beginning of the Obama administration, you would be much, much richer.

 
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