Dow jumps more than 200 points to 28,000, posts 4-week winning streak

The Dow Jones Industrial Average rallied to record levels on Friday, reaching 28,000 for the first time ever, after White House economic advisor Larry Kudlow said China and the U.S. were getting close to reaching a trade deal.

The 30-stock average closed 222.93 points higher, or 0.7% at 28,004.89. It took the Dow just over four months to go from 27,000 for the first time to 28,000.



https://www.cnbc.com/2019/11/15/dow-futures-fed-reserve-financial-stability-report.html

Records continue to be set on Wall Street, now for the 4th week in a row.

Trump is negotiating a large trade deal with China, and investor confidence is on the rise.

Top Democrats are promising tax hikes, increased regulation, and increased financial burden which would have precisely the opposite effect.

 

Hundreds of billions into the repo markets from the FED will do that

 

LOL! I still remember the posts on the stock market from December last year. Of course, then it was the Dems fault that the Dow dropped like a rock. But, if you get excited about crediting trump for the stock market, be my guest, it will come back to bite you, when the stock market drops again, and it will.

 

Wall Street loves the thought of Trump being impeached!

 

Putting a democrat in the white house would certainly tank the stock market.

 

Sure thing, let's bookmark this post and see if your prediction pans out. In reality, though, it is just fear mongering, without basis in facts.

 

Bookmark away, see the thread I posted yesterday on Warren.

Then ponder the high likelihood that Trump will be re elected.

 

Smart people bracket their gains. At this point in time, every investor should send a note of praise to President Trump.

 

Not according to the history books..

 

Do you mean "pocket" their gains? That would be market timing. Data shows that it is best to buy and hold, no matter who is in the WH. But, market time away, you can't say you haven't been warned.

P.S.: Pocketing the gains could be devastating for a young investor, because getting out is one thing, knowing when to get back in is another.

 

Maybe people don't think he will be removed from office. Consumer confidence would take a dive if they did.

 

Pocketing ones gain has nothing to do with market timing. Send President Trump a thank you note and we can discuss.

 

Except for all the records set under Obama. And the strong upward trend that started a couple of months after Obama got elected and kept going up throughout his presidency.
The worst performance of the stock market since Jan 2009 (Obama’s inauguration) has actually been under Trump.

So there’s that.

 

The economy stagnated under Obama.

Record food stamps and black child poverty.

With Trump its record low unemployment, rising real wages, increased investor and consumer confidence, and less in taxes.

 

LOL, yeah. That's gotta be it. LOL

 

The thread is about the stock market. The market’s performance was better under Obama.

 

There have been like 13 records set this year alone.

So no.

 

Trump is socialising this alleged profit with a trillion-dollar deficit.

 

You might want to educate yourself before you praise Trump too much. Or, praise him but recognise that you need to praise Obama much more.
Because the markets performed WAY better under Obama than they have under Trump. WAY better.

https://www.google.co.uk/amp/s/fortune.com/2019/06 /03/stock-market-trump-obama-sp-500/amp/


You might not like it, but it’s true.

 

Not true and even low info voters can feel it.

 

Did you bother to click on the link and read the article?



Now all you have to say is, "OK, you were right and I was wrong. Actually the markets did perform better under Obama than they have under Trump."

Waiting ...

 

This peace and prosperity is the ticket.

Trump 2020 for sure.

 

Current 4th quarter GDP Estimate 0.3%

 

It certainly worked for Obama. But since the markets aren’t doing as well under Trump, who knows?

 

I'll leave sending the thank you notes to you. I trust you also sent a thank you note to Obama when the stock market increased under him.

P.S.: How do you know that now is the time to pocket the gains? Why didn't you pocket the gains before last December's selloff? Why don't you wait to pocket the gains until Trump's 8 year terms is up? If he's so great, he should make you a lot more money in the coming 4 years.