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Now you put this fact in your belief column & a note in your wallet as a reminder of reality :
The DOW has had the strongest weekly winning streak in many years. During that time people were on here fearmongering like political hacks on CNN.
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Interesting....not a single one of my investing reports has charts and returns calculated for arbitrary amounts of weeks......
As you well know, if the market goes down 2,000 points and then up 1800, people like you AND the media will cheer about that 1800 point rise.
I think it would be very fair of me to use 26K as a start ONE YEAR AGO (it was actually higher at some point)...as the baseline.
Using that and taking a decent one year return to now...nothing amazing like Clinton or Obamas years, but just a regular 10%.....that would make it 28.6K that we should be by now. Of course, time moves on so with another 10% rise for 2019, that means DOW 31K plus at the end of this year would be "normal to nice".....30K would be OK.
Neither of them are any kind of amazing boom times. When did it becomes the Bestest Ever to have normal returns? My average is about 10.7% over 30 years...
Given that corporate tax break and all the millions of new highly paid manufacturing jobs in the USA...and that massive uptick in wages, these companies should be off-the-charts. Cars and Real Estate should be booming.
Now you put this fact in your belief column & a note in your wallet as a reminder of reality :
The DOW has had the strongest weekly winning streak in many years. During that time people were on here fearmongering like political hacks on CNN.
It was the ninth straight weekly gain for the Dow and the Nasdaq, marking the first time since 1964 that the indexes rose in the first 8 weeks of a calendar year.
How many times have you changed your "the dow is not the economy" and "the economy is doing well, just look at the dow?"
Though I admit, I think the economy would be doing better without the Disaster In Chief.
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U.S. economic growth slowed less than previously estimated in the fourth quarter.
Gross domestic product expanded at a 2.9 percent annual rate in the final three months of 2017, up from the previously reported 2.5 percent.
The biggest gain in consumer spending in three years partially offset the drag from a surge in imports.
U.S. economic growth slowed less than previously estimated in the fourth quarter.
Gross domestic product expanded at a 2.9 percent annual rate in the final three months of 2017, up from the previously reported 2.5 percent.
The biggest gain in consumer spending in three years partially offset the drag from a surge in imports.
LOL. A dismal performance at best. Where is the 5% Trump promised or even the 3% plus that the GOP said would follow the tax cut. After handing out a trillion dollars of stimulus to the wealthy, they can't even top Obama's 2015 performance. And remember, it only goes down from here. First, the GDP will likely be adjusted downward as time goes on and the consensus of economists and bankers is now a gain of a paltry 1.1% for the remainder of Trump's term with a better than even chance of recession. This is a good as it gets and it's a FAIL.
Trump promised 3+ annual GDP growth.
Didn't happen.
Last years annual GDP was 2.9% - same as Obama has in 2015.
Trump HAS had some good quarterly GDPs - but he has yet to match Obama's highest quarterly GDP.
So, Trump HAS matched Obama's annual GDP high, but he's not been able to match Obama' quarterly GDP high.
Now, considering that folks on this board boosting Trump are largely the SAME PEOPLE who condemned Obama' economy as "terrible" and "weak" that means that Trump's economy must be even WORSE - either that or those folks were lying to begin with.
Trump promised 3+ annual GDP growth.
Didn't happen.
Last years annual GDP was 2.9% - same as Obama has in 2015.
Trump HAS had some good quarterly GDPs - but he has yet to match Obama's highest quarterly GDP.
So, Trump HAS matched Obama's annual GDP high, but he's not been able to match Obama' quarterly GDP high.
Now, considering that folks on this board boosting Trump are largely the SAME PEOPLE who condemned Obama' economy as "terrible" and "weak" that means that Trump's economy must be even WORSE - either that or those folks were lying to begin with.
Ken
Trump supporters have learned to lie from the master. Nothing they say has any credibility. Best to ignore them.
Nobody's really been paying attention to U-6 unemployment (a broader measure that includes frustrated and marginal workers), but it's been ticking up the past few quarters.
We are a country full of obese people yet mass starvation is just over the horizon??
We also "print" more money than any nation on the planet. We do have poverty. You have to concede that.
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