Trump speech breathes new life into Trump Rally: Dow hits 21,000 for 1st time
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Trump knocked it out of the park last night with his speech. Wall Street gave their approval today as the Dow was up more than 300 points today to close at another record level.
Even CNN's own Van "This was a Blacklash" Jones complimented Trump's address to Congress last night. Less than an hour after Trump honored the widow of a slain NAVY Seal, the Democratic commentator suggested that the commander in chief had officially begun to look the part. Jones said, "He became President of the United States in that moment, period. That was one of the most extraordinary moments you have ever seen in American politics."
_(CNN)President Donald Trump's first address to Congress received largely positive reviews from viewers, with 57% who tuned in saying they had a very positive reaction to the speech, according to a new CNN/ORC poll of speech-watchers.
Nearly 7-in-10 who watched said the President's proposed policies would move the country in the right direction and almost two-thirds said the president has the right priorities for the country. Overall, about 7-in-10 said the speech made them feel more optimistic about the direction of the country._
http://www.cnn.com/2017/02/28/politics/donald-trump-joint-address-poll/
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I'm Trumped out. I couldn't even watch.
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Hope he does do what he needs to do and stops trying to impress everyone…but I agree with the poster above...I'm pretty much Trumped out for now.
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Trump knocked it out of the park last night with his speech. Wall Street gave their approval today as the Dow was up more than 300 points today to close at another record level.
Even CNN's own Van "This was a Blacklash" Jones complimented Trump's address to Congress last night. Less than an hour after Trump honored the widow of a slain NAVY Seal, the Democratic commentator suggested that the commander in chief had officially begun to look the part. Jones said, "He became President of the United States in that moment, period. That was one of the most extraordinary moments you have ever seen in American politics."
_(CNN)President Donald Trump's first address to Congress received largely positive reviews from viewers, with 57% who tuned in saying they had a very positive reaction to the speech, according to a new CNN/ORC poll of speech-watchers.
Nearly 7-in-10 who watched said the President's proposed policies would move the country in the right direction and almost two-thirds said the president has the right priorities for the country. Overall, about 7-in-10 said the speech made them feel more optimistic about the direction of the country._
http://www.cnn.com/2017/02/28/politics/donald-trump-joint-address-poll/
I'm agreeing the brokers who are suggesting the market has over bought. Leaving the political issues out of it; Donald's administration hasn't actually made any significant policy changes that would cause the markets to go up more than a few points. It definitely feels like a bubble and I'm not going to be the guy with his life savings in the market when it pops. If the market adjusts back to around 20k, I would actually feel better. But the DIJA is up almost 25% for the year and there's no logical reason behind it other than promises to spend money, which shouldn't be good for the whole market.
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I'm agreeing the brokers who are suggesting the market has over bought. Leaving the political issues out of it; Donald's administration hasn't actually made any significant policy changes that would cause the markets to go up more than a few points. It definitely feels like a bubble and I'm not going to be the guy with his life savings in the market when it pops. If the market adjusts back to around 20k, I would actually feel better. But the DIJA is up almost 25% for the year and there's no logical reason behind it other than promises to spend money, which shouldn't be good for the whole market.
The DJIA average is up as much as it is not because of promised spending (although the proposed 1 trillion dollar infrastructure bill is part of it), it's up because of proposed tax reform (lowering the corporate tax rate from 35% to 15%), lowering the income tax rate on the middle class, promoting deregulation of job killing restrictions, reforming healthcare so that the ACA doesn't collapse the entire health care market, granting one time tax breaks/incentives to bring cash stashed overseas by corporations back to the United States so that it can be invested here, along with a whole range of other things. The DJIA isn't overly inflated. If those policy recommendations are followed through on and implemented, economists believe it wouldn't take long for the DJIA to cross the 30,000 pt. threshold. Economic optimism is the highest its been in years.
Regardless, what other options are there to investing in stocks? Interest rates are still so low thanks to the Federal Reserve suppressing them that you can't make money in a bank or invest in treasury bonds, because the yields are so low. So you might as well keep your 401k invested, because as you stated the DJIA is up over 25% for the year, which means if it were to shrink 25%, financially speaking, you'd be right back where you were a year ago. The stock market historically does well in the long term. If you are years away from retiring its a safe place to keep your money, because over the long term stocks historically trend up, even when including recessions and depressions.
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The DJIA average is up as much as it is not because of promised spending (although the proposed 1 trillion dollar infrastructure bill is part of it), it's up because of proposed tax reform (lowering the corporate tax rate from 35% to 15%), lowering the income tax rate on the middle class, promoting deregulation of job killing restrictions, reforming healthcare so that the ACA doesn't collapse the entire health care market, granting one time tax breaks/incentives to bring cash stashed overseas by corporations back to the United States so that it can be invested here, along with a whole range of other things. The DJIA isn't overly inflated. If those policy recommendations are followed through on and implemented, economists believe it wouldn't take long for the DJIA to cross the 30,000 pt. threshold. Economic optimism is the highest its been in years.
Regardless, what other options are there to investing in stocks? Interest rates are still so low thanks to the Federal Reserve suppressing them that you can't make money in a bank or invest in treasury bonds, because the yields are so low. So you might as well keep your 401k invested, because as you stated the DJIA is up over 25% for the year, which means if it were to shrink 25%, financially speaking, you'd be right back where you were a year ago. The stock market historically does well in the long term. If you are years away from retiring its a safe place to keep your money, because over the long term stocks historically trend up, even when including recessions and depressions.
To answer your question; Private Equity. Again, I appreciate your response. The problem is that all of that is speculation. If they grant tax breaks to American companies who don't bring their over seas profit's back, I will be quite angry. They should have a child company set up in that country and have that company be profitable while passing some of the profits back to the parent company. What companies like Apple did is pretty risky and they did it with the understanding that they could not bring the money back (it would be financially unwise), but could still use it to pay for investments outside of the US. To give them a tax break would be a massive injustice to 99% of the other companies that can't afford to pay lawyers to play those games.
Would they go for it anyways? There's a reason they did it that way. Unless they were able to bring it back tax free, I don't see why they would. If their goals are to expand internationally, they are just shrinking their available capital. They're not going to do that. If the tax rate gets reduced, they might start bringing future profits back, but not old profits that were kept overseas for a reason.
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The stock market went up like 100% throughout Obama's tenure and no one says a word.
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I would be nervous about such record highs so early in the first term. What goes up must come down…...
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The DOW was already headed there. Trump hasn't been in office long enough to have affected the stock market per se. Much of this is stilll on the coattails of Obama. I would suggest looking at currency markets. As a currency trader, I can tell you the markets are not showing confidence in the US entirely, they're confused and slowing to a crawl. I don't like Trump, but for the love of God release some economic plan and certainty.
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Fast and loose might work for biz in the short term…but it won't be sustainable when everything else comes crashing down...goverment infrastructure, charitable programs, democracy, and the like .
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Trump knocked it out of the park last night with his speech. Wall Street gave their approval today as the Dow was up more than 300 points today to close at another record level.
Even CNN's own Van "This was a Blacklash" Jones complimented Trump's address to Congress last night. Less than an hour after Trump honored the widow of a slain NAVY Seal, the Democratic commentator suggested that the commander in chief had officially begun to look the part. Jones said, "He became President of the United States in that moment, period. That was one of the most extraordinary moments you have ever seen in American politics."
_(CNN)President Donald Trump's first address to Congress received largely positive reviews from viewers, with 57% who tuned in saying they had a very positive reaction to the speech, according to a new CNN/ORC poll of speech-watchers.
Nearly 7-in-10 who watched said the President's proposed policies would move the country in the right direction and almost two-thirds said the president has the right priorities for the country. Overall, about 7-in-10 said the speech made them feel more optimistic about the direction of the country._
http://www.cnn.com/2017/02/28/politics/donald-trump-joint-address-poll/
I noticed that also, in fact I have some investments which were doing well since the election, that shot up after that speech. However, after that withdrawal of repealing Obamacare, my investments have taken a big hit. I think it is only temporary, it may only be coincidental, but people should be mindful that when they attack the PRESIDENT.. they are also undermining the county.
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When the 'president' himself is undermining the country, I think it is one's patriotic duty to scream about it (at the very least). Then again, replying to this thread is little better than talking to a wall.
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@beep:
When the 'president' himself is undermining the country, I think it is one's patriotic duty to scream about it (at the very least). Then again, replying to this thread is little better than talking to a wall.
I agree.. and yet Obama got away with undermining the country for eight years!
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I do love Trump, for one big reason. While we've been yelling at each other over social issues, our economy has tanked, never taken back off, health care is a mess, free trade never bore the fruit politicians promised, and politicians have used social issues to divide us.
Trump has come along, forced the the GOP religious cooks to accept social progress that has been made in gay rights, in exchange for a freeze on future social progress, while re-orienting the federal government towards the economic problems.
Whether he has the solutions is another story, and for that, time will tell, but forcing the GOP right wing to accept social progress in gay rights, primarily forcing them to give up the marriage fight is a big victory, and we do need to start focusing on economic issues.
As for whether or not the market is overbought, or in a state of a bubble, I don't think it is right now. There is so much uncertainty in Europe, with Brexit, a potential Frexit, and Greek debt crisis (will flare up again), that many Europeans are dumping their money into the American markets to protect themselves, especially after the experience of Cyprus, where money was flat out seized from banks. There's no sign this excess is going to leave the market anytime soon.
Now, if European politics begin to stabilize, that maybe a different story, but there's no time of that occurring soon.
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I find it disturbing and frankly moronic that Trump is already on the 202 campaign trail just 100 days in, still spouting hollow, empty campagne rhetorics to the ecstasy and adoration of an incredibly dumb, gullible audience. He should spend more time actually DOING things instead of ranting about wanting to do them.
Okay right wing reactionary fascist twats, let me have it.
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Okay right wing reactionary fascist twats, let me have it.
So says a leftist reactionary fascist twat.
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Of course, none of this changes the fact that he's had very few successes so far.
**He has failed to get any of his priorities turned into legislation in the face of party disunity, and his attempt to rule by executive order has been largely hollow. His decrees have been either meaningless, like his one-page, detail-free tax reform plan, or have been blocked by the courts, such as his travel ban for Muslim countries and refugees.
Trump’s approval ratings have remained mired at historic lows for a presidency in what is supposed to be a honeymoon period, hovering around – and frequently below – the 40% mark, well below his recent predecessors at this stage in their presidencies.**
