Trump rally: Stocks put 2017 in the record books

Maybe, yes.
And yes, I suspect he will.

Crazy, isn't it

The real hit, negatively, was Obama's re-election (2012) not "the recession".

 

Hope springs eternal

 

This is an interesting DJIA chart:

http://www.macrotrends.net/1319/dow-jones-100-year-historical-chart

 

The above chart shows the following:

The all time highs occurred in Oct 1915, Oct 1929, Nov 1965, Dec 1999, and now -- Jan 2018.

The lows which were crashes bottomed out in Dec 1920, Apr 1932, June 1942, June 1949, May 1982, and most recently Apr 2009.

Jun 1949 to Jun 1982 was a 33 year cycle from trough to trough.

Apr 1932 to Jan 1966 was a 34 year boom cycle.

Since May 1982 we have been in a long term 36 year boom cycle interrupted by the Y2K crash and the 2007 crash.

Metrically we are due for a major crash.

 

When has Obama had a 5,000 point gain. This week, it soared above 25,000. Did it quit for Obama on Dec 31?

 

I'm willing to bet the opposite. America has gone from managed decline policies to playing for realsies. That alone is making Global Investors bet on America rather than knowing America is in managed decline.

 

But so far this is all bullsh!t and so anytime a rally is driven by pure speculation then it is bound to crash.

Trump is pure bullsh!t 99.99% of the time.

 

So if the market collapses tomorrow it's Trump's economy and if the market does great tomorrow it's Obama's economy?

 

Obama is pretty much history now.

He weathered the 2007 recession as best it could have been with a Congress that was stonewalling him.

Trump got his tax cuts for the rich passed. Now he will need to deal with all the middle class people whose taxes will go up -- 2018 will be telling for him.

If the Congress goes DEM and/or Trump gets voted out of office or impeached, THEN the speculative stock market MAY nosedive -- yes. Correct.

You simply did not phrase it right.

The GOP has always been pro business ever since Herbert Hoover.

The DEMs have always been pro people ever since FDR.

Some things never change.

 

The left-wing is collectivist and the right-wing is independent. Some people don't want Liberty and fear freedom because Liberty and freedom means self-responsibility. One-party caters to people who don't like responsibility.

 

Amen to that.

 

Liberty to form monopolies and to rape the land must be regulated.

 

Are you still dancing?

I usually do not dig up dead threads. I just have to bring back memory of Trump fans proclaiming victory when the going was good, while they have been awfully quiet when the stock market has lost almost half of the gain since Trump took office in the past year. Today is another terrible day with the Dow down almost 2%.

Note, I am a buy and hold investor, I am not celebrating this slump. At the same time, I was cautious when the market seemed to know only one way: Up. We knew that couldn't last. Reversal to the mean is a powerful force.

 

Did the Trump fans credit Trump as the cause of the rise? If they did, some of it is justified. The part that still remains higher than when he showed up that is attributable to his tax policies.

 

If they can take his freedom, they can take your freedom. Think deeply about that.

 

Obama took credit for the rise too, so if it dipped, wouldn't that be on him? You can't just go around taking credit for only the good.

 

Did you read the title of this thread?

"Trump rally"

But, I see, you do selective cherry picking of data: The upswing is due to Trump's tax policies, but what about the downswing? Let me guess: DEMOCRATS, even if they had no power.

 

Nerd, ordinarily I look for new posts. I read that new post and follow what the poster said and reply to that. Do I first return to the top of the thread and read it? I definitely do not. A few times I will, but since I reply to new posts, those are what I am reading. As to the alleged Trump Rally, I am one that never credited Trump for all but the portion attributable to tax policy. Each person decides what tax policy means to them when they invest. So those who pay little heed to tax policy drive the market for other personal reasons. This forum would improve by a thousand percent if only posters stopped acting like they must subdue the other posters.

 

Why is this so difficult? Obama's policies and Annual Budget were in force until October 2017. It was Obama's market and economy. After October, it became Trump's baby. Trump bloviated all of 2017 and 2018 that "Only he could do it!"

So, now that the DJIA broke 23,000 today, what's the Don got to say for himself. I mean wow Don, that's over 3000 points off the high today.

 

And what exactly is the portion attributable to tax policy? Be specific.

 

The tax policy aspects depend on the taxpayer. Each determines his own strategy to invest.

 

Yeah, and 9/11 was Bush's fault. You should recheck with Obama about who he thought should get credit. But this isn't surprising.

It is more Trump now than Obama, but that's not the point. The point is Democrats claiming right up until NOW, that everything good about the economy was due to Obama and now suddenly, its Trump. Predictable and pathetic.

 

Most Democrats haven't claimed that it was all Obama. What they (and I) claim is that the trendline of most economic indicators was unchanged after Trump took office.

The reality is that we are probably at the end of an expansion that is one of the longest in history. It doesn't matter who is president, the next recession will come. Trump may have pushed it out by a year, using government stimulus (err deferred taxes, also called tax cuts), but that sugar high is quickly wearing off. The fundamentals, i.e. high corporate and consumer debt, lack of corporate investment, demand-limited economy etc, all remain the same. Of course, that's expected when you try to jump start a demand-limited economy by pouring money into the supply side.