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Post Reply Dow rises 5,000 points in a year for the first time ever
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Posted 12/18/17 , edited 12/19/17
My stocks are rising like crazy this year along with the whole market! It's been a great run for my 401K! How long do you think the market will keep booming like this for? I'm even going to ask for a significant raise this year after all I've added to the company MAGA!



https://www.cnbc.com/2017/12/18/dow-rises-5000-points-in-a-year-for-the-first-time-ever.html

Year:
Annual point gain
2017 5,088.25
2013 3,472.52
2016 2,337.57
1999 2,315.69
2003 2,112.29
2006 1,745.65
2009 1,651.66
1997 1,459.98
1996 1,331.15
1995 1,282.68

Oh and shout out to Kurt Eichenwald for his "excellent" investment advice:

qwueri 
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Posted 12/19/17 , edited 12/19/17

To be sure, most of the big point moves are in recent years for an obvious reason: The Dow is much bigger than it was decades ago. So investors should keep this point move in perspective.

*from the above cnbc article.

But way to try and twist an article that makes no mention of policy or Trump about Trump because why the hell not, right?
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Posted 12/19/17 , edited 12/19/17
Wall Street doesn't attribute any of increase to Donald Trump in this fiscal year.
It's the steady growth that has been happening for the last 5-6 years.
The hard hit in 2008 took time to grow back out.
I know a handful of people that work at Deloitte and BlackRock that are suggesting that we may be in for another recession in the next 2-3 years at the current rate.
Then again, everyone on wall street freaks out when there's points going into the positive at once.
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Posted 12/19/17 , edited 12/19/17

Cydoemus wrote:

Wall Street doesn't attribute any of increase to Donald Trump in this fiscal year.
It's the steady growth that has been happening for the last 5-6 years.
The hard hit in 2008 took time to grow back out.
I know a handful of people that work at Deloitte and BlackRock that are suggesting that we may be in for another recession in the next 2-3 years at the current rate.
Then again, everyone on wall street freaks out when there's points going into the positive at once.


Before Trump was sworn into office: "When Trump destroys the economy he will have no one to blame but himself"

After Trump was sworn into office: "Obama handed him a perfect economy none of this economic growth is due to Trump"

Just can't win these double standards.
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Posted 12/19/17 , edited 12/19/17

Rujikin wrote:
Before Trump was sworn into office: "When Trump destroys the economy he will have no one to blame but himself"

After Trump was sworn into office: "Obama handed him a perfect economy none of this economic growth is due to Trump"

Just can't win these double standards.


Easiest way to "win" is to simply show unstoppable growth for the four years during President Trump's presidency.
The first fiscal year is always the one where the incoming president is given a fair amount of leniency and criticism.
Supporters are quick to say it's their newly elected president.
Opponents are quick to say it's the previous president's legacy in action.
Keep showing growth for the next four years and there's no objective way to throw shade.

This isn't just President Trump that has dealt with such criticism in their first year as POTUS regarding the economy.
Looking back on his predecessor, President Obama, his first year as POTUS showed a -2.8% GDP and his second year was +2.5% GDP.
Since then, GDP growth fluctuated up and down each year of his terms.
It will take the same amount of data to show a correlation and causation to President Trump's policies.
Giving him credit is a little too soon.
Giving Obama credit is a little too late.
We're still in the middle area of policies of one presidency impacting the other.
runec 
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Posted 12/19/17 , edited 12/19/17

Rujikin wrote:
Before Trump was sworn into office: "When Trump destroys the economy he will have no one to blame but himself"

After Trump was sworn into office: "Obama handed him a perfect economy none of this economic growth is due to Trump"

Just can't win these double standards.


Trump has not passed any major financial policies that could affect the economy one way or the other. This isn't a double standard. Pull up virtually any economic growth chart and you can see steady growth for years. The US fiscal year lasts till Sept. You were operating on Obama's budget until then. After that, Trump and Congress were unable to pass a 2017 budget and his budget proposal was equally disastrous when scored. Which is why you have a government shut down looming again.

The GOP has been using the budget process to try and pull the ACA repeal and now the tax plan. Because using that method shields it from filibuster. You're not going to get a budget until they're done abusing the rules. The government is running on short term appropriation bills right now.




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Posted 12/19/17 , edited 12/19/17

runec wrote:

Also ffs, you're America. Why do you need a Canadian to explain this? ><



Stop trying to interfere with United States' election process, Canuck! </s>
(As this will likely be reported, it is a joke.)
(I value everyone's opinion or thoughts equally.)
(Don't kill me. I'm innocent!)
runec 
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Posted 12/19/17 , edited 12/19/17

Cydoemus wrote:
Stop trying to interfere with United States' election process, Canuck! </s>
(As this will likely be reported, it is a joke.)
(I value everyone's opinion or thoughts equally.)
(Don't kill me. I'm innocent!)


Here I thought I had edited out my irritation fast enough. (cough)

It does seem like I spend an inordinate amount of time explaining the American government to Americans lately though.


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Posted 12/19/17 , edited 12/20/17

Rujikin wrote:


Cydoemus wrote:

Wall Street doesn't attribute any of increase to Donald Trump in this fiscal year.
It's the steady growth that has been happening for the last 5-6 years.
The hard hit in 2008 took time to grow back out.
I know a handful of people that work at Deloitte and BlackRock that are suggesting that we may be in for another recession in the next 2-3 years at the current rate.
Then again, everyone on wall street freaks out when there's points going into the positive at once.


Before Trump was sworn into office: "When Trump destroys the economy he will have no one to blame but himself"

After Trump was sworn into office: "Obama handed him a perfect economy none of this economic growth is due to Trump"

Just can't win these double standards.


How about this?

Obama's presidency gave hand outs to the corporations and the banks, and although the economy has steadily grown it has come at the cost of ever greater disparity between the classes.

Trump is inheriting an economy that's damned near broken as half the nation lives near poverty while 1% have more than half the nations money.

Instead of fixing a nation where people are living in third world conditions and where diseases that haven't been seen in the US for nearly a century are returning because of such abject poverty in certain regions, he's just handing the rest of the nation to the corporations that have no interest in rebuilding the US, but instead are turning to China and other developing markets (where they shipped all the jobs because until recently they were basically third world nations and meant relatively speaking cheap labor) for their disposable income.

Make America Great? More like finish the job of drowning it in the toilet.
runec 
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Posted 12/19/17 , edited 12/20/17

serifsansserif wrote:
Make America Great? More like finish the job of drowning it in the toilet.


Well, Trump did say he wants to get America back to the 1960s. He just didn't specify that meant hookworm.

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Posted 12/19/17 , edited 12/19/17
Posted this two days ago, but I guess I'll post it again:

"The Stock Exchange is something very different. There is no economy and no production of goods and services. There are only fantasies in which people from one hour to the next decide that this or that company is worth so many billions, more or less. It doesn't have a thing to do with reality or with the economy." - Stieg Larsson

While it's nice that the stock market it up, it doesn't really do much to speak to the health of the overall economy. All it really indicates is that the rich are getting richer.
Posted 12/19/17 , edited 12/19/17

sundin13 wrote:


It doesn't have a thing to do with reality or with the economy.

Excuse me if I'm putting words in your mouth or just cherry picking but are you making the assertion that the stock market doesn't affect the economy?


runec wrote:


serifsansserif wrote:
Make America Great? More like finish the job of drowning it in the toilet.


Well, Trump did say he wants to get America back to the 1960s. He just didn't specify that meant hookworm.



Did he say that? Wouldn't that implicate the Sexual revolution of the 60's as well?

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Posted 12/19/17 , edited 12/20/17

runec wrote:


serifsansserif wrote:
Make America Great? More like finish the job of drowning it in the toilet.


Well, Trump did say he wants to get America back to the 1960s. He just didn't specify that meant hookworm.



Fair point.
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Posted 12/19/17 , edited 12/19/17

GrandMasterTime wrote:


sundin13 wrote:


It doesn't have a thing to do with reality or with the economy.

Excuse me if I'm putting words in your mouth or just cherry picking but are you making the assertion that the stock market doesn't affect the economy?



Well, first of all, it is a quote from The Girl with the Dragon Tattoo (which I probably should have mentioned). But beyond that, I do think the stock market largely serves as a separate entity to many other parts of the economy. While the two are obviously tethered and there are impacts each way, gains in the stock market don't necessarily mean much for those not holding stock
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Posted 12/19/17 , edited 12/20/17

runec wrote:


Rujikin wrote:
Before Trump was sworn into office: "When Trump destroys the economy he will have no one to blame but himself"

After Trump was sworn into office: "Obama handed him a perfect economy none of this economic growth is due to Trump"

Just can't win these double standards.


Trump has not passed any major financial policies that could affect the economy one way or the other. This isn't a double standard. Pull up virtually any economic growth chart and you can see steady growth for years. The US fiscal year lasts till Sept. You were operating on Obama's budget until then. After that, Trump and Congress were unable to pass a 2017 budget and his budget proposal was equally disastrous when scored. Which is why you have a government shut down looming again.

The GOP has been using the budget process to try and pull the ACA repeal and now the tax plan. Because using that method shields it from filibuster. You're not going to get a budget until they're done abusing the rules. The government is running on short term appropriation bills right now.


Cutting regulations has a very large effect on businesses as does business confidence in the future. Reducing regulations is a major financial policy when it comes to businesses deciding what to do. Yes there has been steady growth but once Trump took the reigns it suddenly increased beyond Obama's norms.



The stock market is a combination of {Current economic value} + {Future economic value in current dollars}. Right now I am seeing a LOT of hope for the future because its risen far beyond the current economic value of the economy.
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