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Mind baffling really. Especially with interest rates going up...
Not really, a lot of very wealthy people and companies expecting to get even more wealthy. Which is likely to be the case. Middle class people .... errr, not so much.
Percentage increase of DJIA/SP500 from Jan 2008 to Nov 2016
Percentage increase DJIA/SP500 from 8 Nov to Present
Surprised?
Not me.
Thanks Obama.
LOL! Why don't admit that when Obuma took over the DOW was at 6600 (MArch 2009) so obviously ( at least to those with any intelligence) the stock market had nowhere to go but up! If Goofy had been elected in 2008, the result would have been the same. This country was coming out of the real estate bubble issues.
I thought that would have been obvious .... for most intelligent people anyway.
Not really, a lot of very wealthy people and companies expecting to get even more wealthy. Which is likely to be the case. Middle class people .... errr, not so much.
This is such a fallacy....and it is truly sad that so many people buy into this way of thinking.
The Global stock market is one of the few ways that middle class America can acquire a moderate amount of wealth. I know because over the years my wife and I have done so. We invested all of our IRA money and a large percentage of our taxable accounts into the US and International MArkets ( About 80% US and 20% International). Today we have a portfolio worth close to $5million.
The Dow was at 980 when I started working in JAn. 1981. Today it is close to 20,000.
Show me ANY other asset class that has had a 20 times increase in value in the past 35 years outside of pockets of real estate in MAnhattan or Beverly Hills.
Not real estate, not commodities, precious metals, etc.
I know many who sold off when the Dow was at 6600....at the bottom of the market and they stayed all cash. Dumbest thing they could have done. They would have made back everything and another 25% today if they had even bought at the top of the market in the summer of 2008 when the DOW was at 14,000. You have to be in the market long term.....long term means a lifetime and then take a SWR (safe withdrawal rate) while rebalancing your portfolio to maintaining a proper AA (asset allocation) of stocks to fixed income based on your age and risk tolerance. It really is that simple.
It is not rocket science. Most people with a little bit of effort can do it themselves. Stay away from financial planners and start early. Early means your 20's.... not your 50's. It works. I know.
Trump recently said: "Folks, the Stock Market is one giant Bubble". "I never was much for the stock market, and the little I have I'm selling"
The stock market is nothing more than a fickle phenomena. It can use any excuse for it to rise or fall, and it's all a matter of bringing as many suckers on board, and when there's enough suckers to drown, the big holders decide to all sell on the flimsiest of reasons.
Alan Greenspan, one-time chief Economist, was always puzzled as to the rises and falls of the stock market, always completely unpredictable.
He saw no reason for that 500+ crash in 1987, and he saw no reason for the rise in the market in the late 90's.
Fickle, fickle, fickle!
Trump Stock Market? A sucker's Market!
There's absolutely no reason for the Dow to be up over 1500!
I still feel we are in for a major correction as stocks are becoming overvalued but if trump can get the big players to bring back the overseas cash and reduce regulations who knows how high it could go.
I bought before the election when we were around 17,500, my plan is to be patient the next year or two to find my next buying point
What does *Yuge* mean?
The stock market is unpredictable every moment no matter what the specific dynamics are. Sometimes you get lucky and have a *Huge* return, other times you don't. It is the nature of the stock market, nothing more.
It's the Trump Effect. Obama hasn't done anything to spark this rally.
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Do the math:
He is doing everything he promised he would and MORE! 
