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At the election, the DJIA = 18,000. A month later, DJIA = 20,725!
The forward looking market sees that Trump will curtail all the onerous over regulation, and the stagnated economy will begin to grow again! Already two pipelines are being built after the domestic terrorists trying to stop them have been removed. America is becoming great again! CHA-CHING!
trump bump is all about the expected tax breaks for corporations. But it is just a bump on a market that has been moving up for over 6 years and all of that goes to Obama. and your numbers are wrong anyway.
it is 19800 to 207xx... nice bump but it tends to go up no matter who comes in as one group feels happier and puts more in.
I do rather well, my advice today is the same as it was nov 7th... make sure you have a strong cash position things are not as strong as people are saying. We are very much over do a correction. Housing is out of control again and people are way over spending on cars etc ...
signs the market is getting toppy is when OTCBB penny trash starts going up 500-1000% or more.. I predicted the dow would hit 21500-22000 which would be the big top before the next economic down cycle.. we're getting closer to year 2000 level bubble valuations in stocks. I certainly would not put significant cash to work in stock funds here.. downside risk is too high at these levels. Time to buy some short leveraged etfs soon and sell my XIV which has skyrocketed.
These are the highest valuations since the dot com bubble. It's going to come crashing down and big profits can be made on the short side soon... I'd say by summer we'll top and this fall will be fun. The last time stocks were this expensive is 9-30-1999. There's still room to run though.. there's an eery sort of lack of bullishness right now.... there is not what I would call "irrational exuberance" yet.
I'm confused. What do you mean? Someone who was 100% in equity funds would likely have seen around a 15% bump, on average, since the election. So if you had $300K in your 401K at the time of the election you would have $345K in your 401K as of today.
I mean, forget about the "will it last?" or the "why has it happened?" questions and just look at the raw numbers. It's not unbelievable at all. In fact, it's extremely likely.
Now, someone who had less than 100% equity exposure might see less than a 15% overall boost.
Yeah, well i don't buy it though.
Let's just say that i'm not as inclined to believe my fellow CD posters are you are, and i'll leave it at that.
There's nothing to not buy. It's clear as day. It's no secret. Market up 15% in 3.5 months. You literally had to do nothing to be up the same. I'll bet there are tens of millions of people whose accounts are 10-15% higher, depending on their asset allocation.
Here is one more number for you: March 9, 2009, DJIA=6,547.05
Here's more numbers (maybe too many numbers and logic for a Dim to grasp = sorry) for you.
Dow Jones average on election night November 4, 2008 when Obama was elected - 9,625....so the market fell almost 50% from election night till March 9, 2009.
Dow Jones average on November 4 2010 on the night Republicans were put in charge of Congress 11,444. After the Republicans were put in charge of the economy, we're at 21,374.
Conclusion, the Dims (including Obama) had growth of (11,444-9,625) or 1,819.. After Republicans were put in charge of Congress and later Senate and President, the Dow has gone from 11,444-21,374 for a total growth of 9,930.
Finally, when the market crashed in 2008, the Dims controlled both the House and Senate....which proved disastrous.
Up 19.4% since election. 31 weeks, 3500 points. Hope everyone's along for the ride.
Were it not for health insurance I could retire.
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