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The fake news also told us that Trump would "Nuke the World".. Well he isn't in a position to do that yet but why would he? It would be bad for business.
Quote:
Originally Posted by legalsea
I actually agree with the OP that prior to the election you had several news outlets featuring commentators predicting dire stock market results if Donald John Trump won. It did not happen.
I think many of you have news and commentary mixed up. There's a huge difference.
I suggest you check the market. It is starting to look like 2006-7 again. Dow being driven by only a limited number of stocks. Rest of market going down.
Nutty Don bubble will be short lived. When it hits 20000 expect 5-10% selloff.
The markets been overdue for a correction,it's happened many times under Obama and every other president. So if it hits 20000 and there's a 5-10% correction that's not unusual. Well,unless you're a liberal trying to spin it that way.
I agree that it has been quite a ride up since the election. I had lightened up a bit before the election to see what the reaction would be if Trump won. When thing didn't fall apart that first day I started swing trading and have been doing so since. But starting this week, I've started trimming back on some of the long term positions that have hit or come close to my sell prices. Still swing trading but at the same time adding to the cash positions.
The thing with Trump is that he is so erratic and impulsive that you never know when he will say or do something that could throw the market into a spin. So I figure the best thing for us is to take some profits and go a bit conservative until I get a better handle on how this is going to work out. Been doing this too many years to buy the rainbows and unicorns story on this market based on a few weeks since the election.
Irrational exuberance, imo. I'm less concerned about the short term speculative market change versus the long term changes that his presidency will bring.
Right now who knows that Trump will do?
He's backtracked or changed his stance on so many of his campaign promises (appeal and replace Obamacare, Dreamer immigration deportation, lock her up, climate change, his business blind trust, Drain the Swamp (yet hires Goldman Sach's executive and Exxon Mobil CEO to cabinet).
He plans on spending trillions on infrastructure, on Defense, uprooting education, who knows what he plans on healthcare all while providing tax cuts?
Anyone making long term investment decisions right now is NUTS!
As I said, all a crap shoot.
You predicted Hillary to win and posted "Mark Cuban...markets will tank if Trump will be elected!"
You won by both time being WRONG! Three times is a charm so let's not take your post serious!
You predicted Hillary to win and posted "Mark Cuban...markets will tank if Trump will be elected!"
You won by both time being WRONG! Three times is a charm so let's not take your post serious!
Guess we'll see. The Your Clown hasn't even taken office yet. He hasn't even built the wall, spent trillions on infrastructure, repealed ObamaCare. He kept 800 Carrier employees in jobs by providing millions in tax breaks and possibly promises to Carrier's parent United Technologies Corporation - big whoop!
I'll be interested to see how many houses you peddle Mr Real Estate Man with the increase in interest rates that Trump will bring to the economy. Better sell 'em quickly before he trashes the economy.
The markets been overdue for a correction,it's happened many times under Obama and every other president. So if it hits 20000 and there's a 5-10% correction that's not unusual. Well,unless you're a liberal trying to spin it that way.
There ya go. But you have to throw them a bone once in a while, something they can gnash their teeth on.
The markets been overdue for a correction,it's happened many times under Obama and every other president. So if it hits 20000 and there's a 5-10% correction that's not unusual. Well,unless you're a liberal trying to spin it that way.
There ya go. But you have to throw them a bone once in a while, something they can gnash their teeth on.
Quote:
Originally Posted by BucFan
[He]] hasn't even taken office yet. He hasn't even built the wall, spent trillions on infrastructure, repealed ObamaCare.
That's right.
Yet he's already accomplished more than Obama has in the last 4 years maybe 8.
Irrational exuberance, imo. I'm less concerned about the short term speculative market change versus the long term changes that his presidency will bring.
Right now who knows that Trump will do?
He's backtracked or changed his stance on so many of his campaign promises (appeal and replace Obamacare, Dreamer immigration deportation,lock her up, climate change, his business blind trust, Drain the Swamp (yet hires Goldman Sach's executive and Exxon Mobil CEO to cabinet).
He plans on spending trillions on infrastructure, on Defense, uprooting education, who knows what he plans on healthcare all while providing tax cuts?
Anyone making long term investment decisions right now is NUTS!
As I said, all a crap shoot.
Give him time...He isn't even sleeping in the White House yet. He will make some great, positive changes and hopefully won't forget to LOCK HER UP!
I wouldn't celebrate the stock market. We are due for a pretty big correction next year and of course the left will blame Trump. It would have happened regardless. I do think the deregulation that we are going to see is going to make for a nice run after the correction though.
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You predicted Hillary to win and posted "Mark Cuban...markets will tank if Trump will be elected!" 
