Biggest Market Gain in US History (economic, retirement, children, wars)
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.
Meanwhile, rates on 5 and 10 year T-notes are about 2.6% and 2.7% respectively. Not exactly major enticements to get people out of stocks and into fixed income. So obviously something is going on with the markets besides the moderate Fed rate hikes.
Seems to me ^ obvious to the most casual observer.
Markets generally don’t react well to increased uncertainty.
Kind of stupid to attribute it to either. Cons have been jizzing themselves over Trump when stocks go up and then busy blaming it on the "Blue Wave" when they tank. N
So now they're rising in spite of that blue wave? What nonsense.
The intelligent answer: in the near term attributing stock performance on an individual day basis to any politician is foolish as it is impossible. No smart person does this. You can only make this attribution over a multi-year time length.
The market giveth and the market taketh away. Anyone that's been around for any length of time knows this. Everyone panics when it drops like it's 1929. Step back and take a deep breath. Wall Street is more fidgety than a cat in a yard full of pit bulls.
If you can't stomach the volatility, you shouldn't be in the market to begin with.
The major factor driving the markets right now is not the Dems, not the Fed and rising interest rates, not market fundamentals (earnings, etc.), it's the chaos of the Trump administration. The uncertainty created by having a lunatic in the White House. And it will only get worse as Mueller and the walls continue to close in on Trump and he becomes more and more unhinged. By the way, 5 minutes after the opening bell this morning and the Dow is down more than 300 points. I hope the Trumpies enjoyed the dead cat bounce.
Wouldn't uncertainty only cause the markets to fall and keep on falling? I can't wait until Mueller finally shows his cards and reveals that they have nothing they can hang on Trump. The liberals will probably call for a new investigation then.
Extreme highs and lows. When the market stabilizes no one knows.
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.