Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Yes this isn't a new surge...it's a continuation & I fear we are in for a correction.
How bad that correction will be for all of us will be dependent on when Trump starts to actually influence the economy with any policy. For now he's shaking hands with companies that committed to expansion two years ago....nothing new really.
Good thing Obama took it from 6547 in March of 2009 in the depths of the Dubya/GOP recession to 19,732 when he left office. Let's see if tRump can pump it up by another 13,000+ points. Or maybe even triple it like his predecessor did.
Clearly the market it betting on a rosy future. For the last couple of years I wasn't concerned about a major correction, however I also didn't think it was likely that market could make a significant move upwards as it was fully priced.
Based on my personal circumstances I've been moving money out of the market in 2017. This is something I would have been doing in 2017 regardless of the market conditions. However, I did speed up the process based on the market move since Nov and the threats of a trade war.
Unless there are significant upside earning surprises I don't see how the market continues to move upwards. Eventually the market will expect results and all the talk of the released animal spirits will subside.
Current Shiller PE Ratio: 29.03 +0.06 (0.20%) 12:34 pm EST, Wed Feb 15
Yes this isn't a new surge...it's a continuation & I fear we are in for a correction.
The stock market was nearly flat for the last 2 years of Obama's Presidency. The DOW reached 18,000 in December 2014 and didn't break 19,000 until after Trump was elected.
The stock market was nearly flat for the last 2 years of Obama's Presidency.
We already had a correction, essentially.
BULLSHEET. dow up about 15% over the last two years, which is NOT FLAT and up more than 300% over Obama's term.
Thus you are wrong wrong wrong and exposed.
The TRump bump relates directly to trump's plan to slash corporate taxes and handing the FTC to wall street along with burying the Fiduciary rule and killing dodd frank.
I am shocked you think it is good to see Trump strip away the protections provided to working Americans to allow corporate USA to plunder our nation
The stock market was nearly flat for the last 2 years of Obama's Presidency. The DOW reached 18,000 in December 2014 and didn't break 19,000 until after Trump was elected.
So, we already had a correction, essentially.
You might want to look up the definition of a stock market correction, biggie.
The Anti-American Left will be here shortly to tell us how bad this is for our country.
When I posted about this in the past several years, the answer I got was "the president has nothing to do with the stock market."
Obama - January 20, 2009 - Dow 7,949
January 19, 2017 - Dow 19,804- gain in 8 years = about 145%
Trump - January 20, 2017 - Dow 19,827
February 15, 2017 - Dow 20,603 (as of 2 pm)
So let me get this straight. When the Dow nearly tripled under Obama, he had absolutely nothing to do with the increase, but since the stock market has increased less than 5% since Trump's inauguration, we should all give the credit to him?
Please explain this to me. BTW I would agree that most of the time the market has little to do with who is in the White House, but you cannot have it both ways.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Under Trump - Stocks Surge To Record Highs
