Nasdaq Hits 9,000 for First Time Ever

Dec. 26 (UPI) — U.S. stocks surged higher Thursday as a year-end rally stoked by bullish economic news pushed the Nasdaq Composite index to 9,000 for the first time in its history.

The S&P 500 also posted a fresh all-time high at 3,235.46 in late morning trading while the Dow Jones Industrial Average rose about 77 points, reaching a peak of 28,596.22 before leveling off. The rally has been gathering momentum as the year draws to a close and was pushed along Thursday on news that retail sales for the just concluded holiday season were 3.4 percent higher than 2018, including record online sales, which were up nearly 20 percent.



https://www.breitbart.com/economy/2019/12/26/nasdaq-hits-9000-for-first-time-ever/

More economic records being set-including a record high nasdaq and S&P 500.

Once again we see the strength of the MAGA economy while top dems focus on impeachment.

When Trump was elected, democrat "experts" claimed the economy would crumble.

 

Are those the same experts now saying Trump committed an impeachable offense?

I predict another liberal free thread, the TDS ones are the only ones that seem to hang around here.

 

I guess 3 years later, Obama built this too.

 

To the LW, he's responsible for everything now except the deficit.

 

Nope, but neither did Trump.

 

This is good news. Reducing the tax burden is good for business. We need more of that!

 

There's no evidence that this is because of tax cuts . . . but I agree we need more of that. We can start by getting Trump to stop his tariffs.

 

This I Mostly agree with. I think there is some truth to the idea that if an administration is perceived to be business friendly then businesses will invest more in their companies. Not always true but generally true.

Mostly however the economy ebbs and flows independently of the White House

 

Somewhat. Though most of the people I've met who think he is "business friendly" aren't involved that business-savvy/business involved. There's nothing business friendly about protectionism.

 

I deal with business and real estate owners daily, and almost all are very supportive of Trump and his policies.

So we should just not fight back? For much of our history before the income tax tariffs were how the government raised revenue, including some of our most prosperous times.

 

So . . . no one who deals with supply chains in any substantial way. That explains a lot.

Stabbing yourself in the foot isn't a good way to fight back.

Tariffs destroy wealth. Period. Pining for the past won't change that objective fact.

 

Yes, all of those trade deals just magically reworked by themselves and not the people he appointed in his administration. Now, imagine how much more could be done if we positively worked to help him instead of trying to tear him down.

 

So far I've seen nothing remarkable about those trade deals. What about them is substantially different from what we had or where we are headed . . . and why should I ignore the much more obvious damage to trade he has done? Unfortunately for Trumpists, I'm not impressed by simple rebranding.

 

My 401(k) is soaring!

 

The Democrats can't let that happen as it would relegate them to walking in the political wilderness for a generation.

 

Tax cuts are a factor and I don't want him to lighten up on China.

 

There's no evidence they are, the tariffs effect more than just China, and you are promoting tax increases as we speak.

 

At least gradually lighten them, and implying that the more China cooperates the more access it will get to our markets. Honestly, Trump is using tariffs like a trade embargo, instead of actually just doing a trade embargo.

 

I think that the tax cuts have helped the business climate.

Even more, I believe that the easing of regulatory restrictions are, by far, more important.

 

The problem with this sentiment are all of the ways Trump has increased taxes/regulatory restrictions on businesses. He's the most protectionist President we've had in modern history.

 

That's funny, because I suspect most Trump voters think that's a new Ford Truck model and they are confused reading that...

(but so is my portfolio)

 

We end up paying either way. They are stealing our intellectual property and dumping tons of pollution into the environment. We buy crap that will be in our landfills in a few years and they are buying our real estate. People protest putting children in cages but quickly lose their concern for children when buying cheap crap from China. China is not the only source of cheap labor.

If it weren't for their theft, pollution and their treatment of children and animals, I would agree.

 

that's certainly partly true. maybe as much as mostly true. i guess it depends on what sector of the economy you want to do well.

 

Again, your assumption that this is just about China is false. Please catch up. Every tariff Trump imposes is a cost we didn't have to pay. Every. Single. One. Even if you want to argue that cost is justified when it comes to China, please come to realize China is not the only target of Trump's unconstitutional tariffs.

 

If you want the economy overall to do well, you'll stand against protectionism. If you want to sacrifice the economy overall in order to protect special interest groups, you'll support Trump's protectionism.