Dow rips higher to a record, now up nearly 18% on the year

Discussion in 'Current Events' started by US Conservative, Nov 4, 2019.

  1. US Conservative

    US Conservative Well-Known Member Past Donor

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    The Dow Jones Industrial Average reached a milestone on Monday, joining the S&P 500 and Nasdaq Composite at record levels, as investor sentiment was lifted by strong earnings, a rebound in economic data and a potential U.S.-China trade deal.

    ...Monday’s rise brought the Dow’s year-to-date gain to nearly 18%. That would be the biggest one-year gain for the Dow since 2017, when it jumped 28.2%. The S&P 500 is up more than 22% for 2019 and is on pace for its biggest one-year gain since 2013, when it rallied nearly 30%. The Nasdaq is also up more than 27% this year. President Donald Trump touted the records, saying in a tweet: “Stock Market hits RECORD HIGH. Spend your money well!”

    [​IMG]
    https://www.cnbc.com/2019/11/04/dow-futures-open-us-china-trade-deal-uber-marriott.html

    Stocks continue to reach record highs.

    Investor sentiment remains high.

    And in light of upcoming trade deals, and rising consumer sentiment I expect the trend to continue.

    Trump will receive credit for the booming economy, going into 2020.
     
  2. Capt Nice

    Capt Nice Well-Known Member

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    Just think how nice it would be without trump.
     
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  3. US Conservative

    US Conservative Well-Known Member Past Donor

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    The stock market responded almost immediately after his victory in 2016.

    One could argue its continuing to hit records because Trump will likely win re election.

    (dems are pretending they don't know this currently)
     
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  4. roorooroo

    roorooroo Well-Known Member Past Donor

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    Anyone getting ready to bail and take the profit?
     
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  5. squidward

    squidward Well-Known Member

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    Hundreds of billions in FED repo injections and nonQE QE in a little over a month can do that.
     
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  6. US Conservative

    US Conservative Well-Known Member Past Donor

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    Great question. There has to be a lot of Boomers thinking about that right now.
     
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  7. Cubed

    Cubed Well-Known Member Past Donor

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    https://www.bloomberg.com/graphics/2019-unprofitable-ipo-record-uber-wework-peloton/

    The Stock market isn't a very good way to view the health of the US economy. Anytime I hear 'record highs', all I can think of to end that with is 'will result in record falls'.

    Add to that, the potential that the market is being rigged, or at least some level of 'hanky panky' is going on where Trumps Tweets are timed for big gains

    https://www.marketwatch.com/story/h...trade-talks-goose-the-stock-market-2019-10-17

    I don't know if it'll crash, but if it does....whoooeee your in for some serious trouble. Especially with your deficit somehow Rising in a boom.
     
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  8. US Conservative

    US Conservative Well-Known Member Past Donor

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    The stock market is one indicator, not the only indicator (who said that except you?)
     
  9. Cubed

    Cubed Well-Known Member Past Donor

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    I'm curious as to where in my post you see the words 'Only Indicator'? Because i'm rereading it and not seeing that anywhere.

    What I do see is 'Not a very good way to view the health of the US economy'.

    English not a first language? Mis-translation in your head or something?
     
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  10. TheGreatSatan

    TheGreatSatan Banned

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    Globalist lost their power to crush American industry while they invested in America's competition. Now investors are investing back into America but that will stop if Democrats come back to power.
     
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  11. StarFox

    StarFox Banned

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    Maybe those dems are right, Trump is ruining my life, I may end up paying a capital gains tax this year, didn't ever have that problem under Obuttwipe. Damn Trump he is awful, just awful.

    why just today I was parking my little Nissan and along comes some rich bitch driving a BMW and parked right next to me, I felt small and unappreciated, I wonder who she killed to get that car, what families did she make homeless to own such a nice vehicle? This is wrong, her car should be my car damn it. Oh Bernie Oh Bernie, save us from the evil wealthy.
     
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  12. US Conservative

    US Conservative Well-Known Member Past Donor

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    There are regular threads here about consumer and investor confidence, the stock market, etc.

    This is one of several indicators.

    And they are at record levels-lots of record highs with Trump.

    Its a stark contrast to say Canada...

    Highlights
    • The Canadian economy is projected to grow by just 1.4 per cent in 2019.
    • Despite the slow growth, the economy is expected to post one of its strongest job gains on record this year, while tight labour markets are resulting in strong wage growth.
    • Consumer spending will post another solid increase this year despite ongoing concerns about the elevated level of household debt.
    • The housing market will continue to cool this year, with a decline in residential investment and prices.
    • The outlook for business investment is weak. Businesses are expressing a great deal of pessimism about their future spending.
    • Canada’s merchandise exports are expected to see no growth this year, held back by weakness in the energy sector and increased protectionism abroad.
    • https://www.conferenceboard.ca/topics/economics/canadian/can-otlk?AspxAutoDetectCookieSupport=1
     
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  13. US Conservative

    US Conservative Well-Known Member Past Donor

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    Its all too true. To vote democrat is to vote for the destruction on the American economy.
     
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  14. TheGreatSatan

    TheGreatSatan Banned

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    Democrats, for example, use their power to crush American energy companies while investing in foreign energy companies in places like the Ukrainian and China.
     
  15. Cubed

    Cubed Well-Known Member Past Donor

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    And?

    Oh...was there a point you were trying to make while you backtracked on your comment regarding what I said?
     
  16. Borat

    Borat Banned

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    Lol, the stock market may not be the best way to view the health of the economy, but what YOU think when YOU hear "record highs" is certainly the absolute worst way to view the health of the economy. :D

    As it turns out, the opinion of Nobel laureate Krugman and countless other "experts" on the economy during Trump's first term were also the absolute worst way to view the economy. You're in good company if it's any consolation lol
     
    Last edited: Nov 4, 2019
  17. vman12

    vman12 Well-Known Member Past Donor

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    Now Trump's colluding with Dow Jones.
     
  18. vman12

    vman12 Well-Known Member Past Donor

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    It's what they want. They want the stock market to crash.
     
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  19. bx4

    bx4 Well-Known Member

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    Really? Perhaps you can explain then, if the president is responsible for stock market performance, how the DJIA kept hitting record high after record high under Obama. I guess you will give him credit for that?

    And the trend line hasn’t really changed since trump’s election. The market keeps going up pretty much the same as it did under Obama. The most you can say is that Trump hasn’t screwed up the good performance that Obama started.

    if anything, market performance has been more unstable under Trump since about January of 2018.
     
    Last edited: Nov 4, 2019
  20. TheGreatSatan

    TheGreatSatan Banned

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    Democrats are still praying for a recession.

    Democrats pray for pain for the American people.

    If Democrats could cause a recession to hurt trump they would. They wouldn't care about the Americans they hurt.
     
  21. Creasy Tvedt

    Creasy Tvedt Well-Known Member

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    Remember back when all the leftist financial geniuses assured us that Trump was going to throw the markets into chaos and there'd be a massive crash?

    Pepperidge Farm remembers.
     
  22. TheGreatSatan

    TheGreatSatan Banned

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    This is a reason Democrats hate old threads on the forum. They hate being reminded of what they said in the past.
     
  23. vman12

    vman12 Well-Known Member Past Donor

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    Remember the thread where they tried to get access to old posts restricted?

    It's in their DNA.

    I don't know how many people I've nuked with that, but it's a lot.
     
    Last edited: Nov 4, 2019
  24. TheGreatSatan

    TheGreatSatan Banned

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    Totally remember

    To a communist, history begins now.
     
  25. Cubed

    Cubed Well-Known Member Past Donor

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    Nah. I admit that I'm shocked its lasting this well for this long, but credit to Trump for keeping the stock market going upwards (that couldn't ever go back down again.. right?)

    ?? More strawmen?
    Maybe read the article first..

    Really? Was this thread before my time? That's insanity.
     

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