BREAKING: Dow closes above 26K - Fastest 1K Milestone EVER

Hot off the ticker - the Dow is closing above 26,000 racking up the fastest 1000 point milestone in history.

Thanks Trump!

The Dow has surged 6000 points since you took office. Confidence is BACK.

WINNING

The Dow Jones industrial average closes above 26,000 points for the first time
https://www.yahoo.com/news/dow-jones-industrial-average-closes-210206682.html

 

Thanks Obama..........your trend line continues.

 

Obama had the fourth worst economic record of any president in history.

Thank goodness his trend line has ended. Good riddance to failed "progressive" rubbish and its 1.48% annual GDP growth!

 

The Dow closed up 322 to finish at 26115.

It took only 8 trading days to get from 25000 to 26000.

 

Looks like the beginning of irrational exuberance to me. Tread carefully.

 

Obama reached 19K in 2012. In 4 years he never got over that. Trump has seen a 7K rise in one year, lol.

It's amazing what a Republican businessman can do with the economy...

 

What I'm looking for as a pessimist when it comes to these types of gains is weakness. A bubble, some type of crutch and I'll be happy to defer to our more economicaly savvy folks but I don't see one. These gains are consistent and across a myriad of different investment sectors.

From tech to oil and back to Insurance.. Consistent record gains everywhere. Now if I can just see more money in my families pockets next year from the tax reform I will be 100% satisfied with our new President from an economic standpoint. Who I voted for in the hopes for selfishly a better life for me and mine.

 

I'm looking forward to reading my next IRA statement.

Between this and the Apple announcement it's been a great day...

 

No s***.

 

You're right - the reports have been solid across the board.

The NASDAQ and S&P closed at record highs today, too.

 

Under Obama the Dow went from 6600 in 2009 from the wreckage of the last Republican president (lol) to 19,800 went he left office.

The Dow would have to go 59,400 to top that.

But you're completely in error. The Dow was never close to 19k in 2012.

 

Isn't the important issue whether or not Trump really weighs 237 pounds.........

 

I do believe this is the 75th time DJI has broken its own record since Trump was elected. It's funny how the DJI stuttered between 16K and 19K for 4 solid years, then suddenly it starts skyrocketing under Trump and these blowhards try to give credit to Obama.

 

It's going parabolic. Almost all metrics say the stock market is overvalued. And investor sentiment is at 30 year highs. Be very careful.

I took the opportunity to ease out of stocks a little more today. I'm still pretty nervous. My stock/bond allocation ratio may still be too high for this market. But, I also don't want to miss out on the melt-up.

 

It'll be fun to watch all the long Leftist faces on the business shows tonight...

 

It's too bad the country didn't elect one in 2008. We would have reached these numbers years ago...

 

Another conservative blaaaaming Obama for the GR he inherited. Standard MO.

 

8 years of ZIRP and trillions in liquidity being pumped in by the FED has ways of distorting markets and removing any semblance of true price discovery and connection to fundamentals

 

I didn't blame Obama for the recession he inherited. I blame him for his own failed policies.

 

True, and I'm confident that fundamentals will finally start catching up with prices. We'll see...

 

I think the distortions are massive.
Without continued artificial ZIRP and exponential additions of liquidity, the price will collapse long before fundamentals catch up. This of course will cause massive contraction of the fundamentals as well.

 

When Obama took office the economy was tanking at a -9% real rate, losing 700,000+ jobs a month, unemployment was 7.8% skyrocketing upward, and the stock markets and housing markets were crashing in the worst recession in 80 years. The deficit was running at $1.2 trillion, soon projected to hit $1.9 trillion, the housing market was destroyed, and the economy was headed straight for a depression.

But by the time he left office, the private sector had added more jobs every month for a record 83 months in a row, stock markets were up about 200% from their recession lows, corporate profits hit all time highs, we'd gained back all the jobs lost in the recession and added millions more, the housing market recovered, the deficit was cut by more two thirds, the unemployment rate has fallen from 10% to 4.9%, and over 16 million additional private sector jobs had been added since Jan 2010.

Only political partisans could try to claim that Obama's policies were a failure.

If you want to see failure, I'll show you some stats from the last Republican administration.

 

My bad, you're correct. It was 12.3 in 2012. So Obama moved it up 7K points in 4 years. Trump has done that in one year. And when it was at 6600, there was only one way to go, but if you really wanna count that then we can. Just don't make any excuses when Republican president (lol) Trump shatters that record, too. Deal?

Also, going from 6,600, Obama moved it up 13,200 points. Trump only needs to get to 33,000 to break that, not 59,400. You're off by almost double the amount needed. We were given equations to solve like this when we were 10, come on man.

If Billy started at 6,600 and made it to 19,800, how far would Roger have to go to meet that distance if he started where Billy stopped?


Note: * Do not use common core math to solve this problem *

 

Comparing raw numbers over different time periods is a sophomoric error. A 7k increase from 6600 is more than doubling. A 7k increase from 19800 isn't even 50%.

 

I would assume we'd be moving in leaps of around 500 to 1,000 on some days if we'd started with those low of numbers. Trump was supposed to crash this thing, not break records with it. What the hell is wrong with him.