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[Guevara]

Dow 20,000 is finally here.

After weeks of close calls, the Dow made history on Wednesday by blowing past that key level for the first time ever.

The historic milestone leaves the Dow up a stunning 1,667 points since President Donald Trump's victory in November. The achievement is evidence of how optimistic investors have become about the prospects for the U.S. economy.

"The stock market has given him this extraordinary vote of approval. Happy days are here again," said Ed Yardeni, president of Yardeni Research.

Wall Street is clearly betting that Trump's plans to slash taxes, ramp up infrastructure spending and cut regulation will make the American economy grow faster. If that happens, without any disruptions to global trade, it could propel corporate profits, the lifeblood of stock prices.

http://money.cnn.com/2017/01/25/investing/dow-20000-stocks/

My only regret is that I have but one head to wear all these hats.

 

[icespide]

old rich white guys are feeling pretty good

 

[Skellig Gra]

Time to short the shit out of some stuff.

 

[StrikeNinja24]

So what happens after this high ends?

 

[Sunster]

We could also say it's surging since my birthday.

 

[Dr. Benton Quest]

Well when you leave the vault door open, thieves tend to celebrate.

 

[Guevara]

So what happens after this high ends?

The good times will never end. Get in on the Dow 30,000 hats while you still can.

 

[RPGCrazied]

Of course. Rich get richer, poor get poorer. Of course this would happen.

 

[sphagnum]

So what happens after this high ends?

We'll find out once the trade war begins.

 

[SenorArdilla]

And the rich get richer.

 

[UberTag]

See... we've got nothing to worry about. Corporate America is thrilled by the news of the past week. And Americans have so much more wealth now in their stock portfolios thanks to Trump. We really should be more grateful.

 

[Deleted member 20415]

Let's see how it goes when international trade gets difficult and corporation profits take a hit.

 

[Gutek]

It's always a good sign when wall street celebrates.

 

[Alexlf]

Time to short the shit out of some stuff.

I too like to throw away my money on wild gambles. ;P

 

[Galactic Specter]

He's shooting you pearls here.

 

[marrec]

So what happens after this high ends?

After that it'll be too late to short the shit out of some stuff.

 

[GhostBed]

Hurray for the rich!

Now I just wait for that wealth to trickle down...

 

[Betty]

waiting for that "i told you so" moment is going to take a while huh

now imagine the economy does well the entire 4 years

 

[faisal233]

Obama gets zero credit for Dow 6000 to 18000.

Trump gets credit for dow 20000. LOL

Reverse affirmative action.

 

[reKon]

It's always a good sign when wall street celebrates.

Lol

 

[ShOcKwAvE]

I'm glad he thinks he helped the market get to 20k, but we all know that when the next recession hits, he'll blame everything on Obama and/or anyone but himself.

 

[sazzy]

The rich are getting richer. Yay!!

 

[gregor7777]

Well, I like this news. It's good to hear a Trump effect being positive for once. Hope it lasts.

 

[Podge293]

Of course. Rich get richer, poor get poorer. Of course this would happen.

How are the poor getting poorer in this particular situation?

I'm not aware enough of Obama care to understand the money impact of that and I can't see any other order he's spoken of impacting wealth so genuinely curious

 

[metalslimer]

Of course it is. Deregulation is going to make these companies bank

 

[UberTag]

I'm glad he thinks he helped the market get to 20k, but we all know that when the next recession hits, he'll blame everything on Obama and/or anyone but himself.

It'll be CNN's fault.

 

[Frozenprince]

Yeah I give it another 6 months before the recession hits.

 

[TangoAlphaLima]

Everyone should remember that the Dow Jones Industrial Average is actually a really lousy indicator of anything.

http://www.fool.com/investing/gener...-dow-jones-industrial-average-is-useless.aspx

In contrast, the S&P 500, a much better market indicator, hasn't seen very little movement over the month of January.

http://www.cnbc.com/2017/01/24/the-sp-500-is-on-course-to-do-something-it-hasnt-in-52-years.html

 

[teruterubozu]

Obama gets zero credit for Dow 6000 to 18000.

Trump gets credit for dow 20000. LOL

Reverse affirmative action.

Liberals don't really celebrate the stock market these days.

 

[somecrazymember]

Dem oil companies ...


fuck all

 

[GregLombardi]

Of course stocks are surging. Regulation is about to cease existing, and then all the smarter than thou traders can take advantage of all the dumb people with no knowledge of how markets work.

Like clockwork.

 

[cooljeanius]

The Trump fans on Twitter are all celebrating this. I wonder how many of them will even benefit from it, vs. how many of them are just happy from schadenfreude from liberal reactions.

 

[OriginofHysteria]

Hm I thought Trump said Wall Street is bad.

 

[Wilsongt]

The rich get richer.

 

[Ultramantaro1]

Well, the one good thing I can say for Trump is that he's been good for my investments. This seems to me like a very short term thing, however. Not sure how to hedge against the eventual downfall, I've always believed in not trying to time the market.

 

[bennywhatever]

Does this mean my 401k will go up? Because that's all I care.

 

[SDCowboy]

I hope it lasts. I'm loving it!

 

[studyguy]

Planet Money did a podcast on it.

You may have heard about a big milestone coming up for the Dow Jones Industrial Average. It's been all over the news: The Dow is creeping up towards twenty thousand. It's been hovering just below that mark for weeks now. And people are kind of freaking out.

But here's the thing about the Dow: It doesn't matter.

It's no secret that we here at Planet Money think the Dow is a terrible economic indicator. We don't like that it only looks at thirty companies. We don't like the way it does its math. We think it does a bad job reflecting the overall economy. Honestly, we're not sure why everyone is still talking about it.

tl;dr: It won't matter to you personally.

 

[Castef]

See? Everything is fine!

 

[Maxim726X]

Well, doing away with regulations will certainly make Wall Street salivate.

We're due for another recession regardless of his policy decisions, so perhaps this will just speed it up a little.

 

[Guevara]

Does this mean my 401k will go up? Because that's all I care.

Probably.

And your health savings account too.

 

[Laevateinn]

With the government planning on pulling tons of regulations, we're in for a lot of risky speculation leading to a massive bubble. I'm hoping to ride this train for a bit and hopefully I can pull out before the crash.

Does this mean my 401k will go up? Because that's all I care.

Are you planning on retiring soon because otherwise it doesn't really matter.

 

[Skellig Gra]

Of course. Rich get richer, poor get poorer. Of course this would happen.

This particular news is pretty much universally positive. It will of course be bad for lower income people in the inevitable crash that will come.

 

[quesalupa]

Congrats rich people.

 

[KrellRell]

Planet Money did a podcast on it.


tl;dr: It won't matter to you personally.

What about the S&P and TSX?

Can you guys find a way to put a negative spin on anything?

 

[God Dayumm]

So what happens after this high ends?

sell, sell, sell!

 

[SDCowboy]

The rich get richer.

Since when have you had to be rich to benefit from stocks going up?

 

[Byakuya769]

After massive declines under Obama, this is incredible! My underfunded 401k is so happy now. #MAGA

 

[Skellig Gra]

What about the S&P and TSX?

Can you guys find a way to put a negative spin on anything?

Didn't you know only millionaires own stocks?

 

[Dartastic]

The DOW is a bad indicator. Who cares.

https://twitter.com/planetmoney/status/824266142147637249