Yeah I agree with you... It's just a general indicator.
My portfolio has seen a nice bump since his victory. Of course, the real question is- How long until the bubble pops?
Dow hits 20,000 for the first time ever, stocks surging since Trump victory
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Yeah I agree with you... It's just a general indicator.
My portfolio has seen a nice bump since his victory. Of course, the real question is- How long until the bubble pops?
Yeah, sorry for my ignorance, stupid rich people. I wish I could afford to invest...
gutter_trash
Banned
The rich benefit more as they have more stocks and are probably more highly diversified. Or, they own stocks in fairly profitable companies.
Not a lot of poorer individuals will have a ton of stocks and investments. Sure, those that do will see a decent bump in their portfolio, but not nearly to the extent of the weathy.
ClosingADoor
Member
S&P500 and Nasdaq are also at all time highs.
Do you do any retirement savings, or does your company have a program for that? Then stocks going up is also a good thing.
If you don't have money left over, you should not be in individual stocks anyway, but in ETFs that follow the total market.
Now would be about the time to sell off some well performing, short term stocks. Predicting stocks will begin to plummet in the next six months as Trump pushes for a trade war with pretty much every country in the world.
Exactly. The Dow is a terrible indicator of how the economy is actually doing because of how it is calculated. A limited number of companies and an old weighting system doesn't really say anything at all. But it makes for good headlines.
Exactly. The Dow is a terrible indicator of how the economy is actually doing because of how it is calculated. A limited number of companies and an old weighting system doesn't really say anything at all. But it makes for good headlines.
The Dow Jones is a meaningless stat. It is NOT an indicator of the health of the economy and it does even tell you how well the market is doing at large because it completely ignores the overall size of companies and pays attention to only their share prices. I will never for the life of me understand why the media is obsessed with it and to make matters worse the financial media keeps touting it as a sign of a strong market. Furthermore, what is good for GE, IBM and GM it means little for most Americans when the majority of profits comes from overseas.
SDCowboy
Member
The S&P is also at all time highs as is the NASDAQ.
LIke what?
whitemex88
Member
Still waiting for trickle
Right, it's not often that one increases and the other doesn't... Historically speaking, they're tied to the hip.
Proelite
Member
Like political engagement in big cities.
RPGCrazied
Member
Did you hear about all those jobs he is creating? Man, the job offers I am getting just won't stop!! /s
can't tell if there's just a lot of sarcasm flying over my head at some of these posts
also: http://www.macrotrends.net/2481/stock-market-performance-by-president
for those are mentioning Obama
also: http://www.macrotrends.net/2481/stock-market-performance-by-president
for those are mentioning Obama
DeathoftheEndless
Crashing this plane... with no survivors!
That's good. I'm not convinced it will last, but its good.
WiiredShawn
Member
Right? Since Trump, we've had the biggest protests, the most bold-faced lies, the greatest helping of liberal tears. He's really working it, and he barely works!
More_Badass
Member
The average person doesnt know that or understand that, and the average person is the majority. Big numbers = good
This is obfuscating the fact that the DOW has been at "all time highs" for 3 years.
It does if you have a retirement account.
Proelite
Member
When the draft comes, there will be millions of new people being employed. Send the liberal millennials to the front line first.
The people who supported Trump or who were doubtful about him and haven't the faintest clue how stocks work and of course don't consider naysaying news as anything other than fake.
Yeah, if the Dow and SP500 were perfect indicators of the economy, then there shouldn't be any "economic anxiety."
Let's see if people are happy with the quality of their jobs in 4 years.
You should watch out. Most reputable sources indicate that there is overconfidence in the market. There is a significant risk of a bubble. Too many unknowns to justify the confidence.
And this. It will also keep happening.
It's interesting: traders are evaluating Trump as simply another republican. No one takes his populism stuff seriously (trade wars, tariffs, etc.)
Are they smart or dumb to do this?
Corronchilejano
Member
The only company I would invest in right now, would be one of those that makes anti suicide nets for buildings.
Do you think Wall Street is celebrating because wages are going to go up under a Trump administration? Or because the environment is going to get cleaner? Or because the military industrial complex is going to shrink? Or because Wall Street itself is about to be reined in?
There's no need for pessimism or paranoia when the math is readily apparent to anyone who's not a dipshit.
Cyberpunk dystopia, minus the technological advancement.
Fancyarcher
Member
He truly made America great again.
Lonewulfeus
Member
Make America Great (depression) Again
Proelite
Member
Stop comparing this adminstration to Hydra. You're making one side look bad.
Yep, 20,000 was an inevitability for the DOW, just like 7,000 and above is an inevitability for the NASDAQ etc etc
Right now some people are forgetting that while 22,000 is also an inevitability for the DOW, so is a dip back to 17,000 at some point (give or take).
The Salt Life
Banned
They don't seem like they enjoy the Dow very much to begin with.
People care, my 401k cares, I'll speak for it
We get more of a 50s throwback dystopia. No high tech, no AI, just factory workers.
History does tend to repeat itself. Next few years are gonna suck
The Albatross
Member
Where have I seen this before?
Is 20,000 any more indicative of a crash than 19,890 under Pres. Obama...?
Yes, stock markets go up and down, but this doesn't mean that a great depression is an inevitability... Or even likely.
Personally I think the focus on stock markets is stupid, but you saw this throughout the election from fellow CLinton supporters as well. Remember when positive poll data for Trump would come out, and the market would drop, and then Clinton supporters would come out in droves saying how the market doesn't want Trump? And then when Trump won election, the market plunged on Wednesday only to completely recover by Thursday.
What this all tells us is that markets rise, fall, crash, and recover regardless of the president. The DJIA hitting 20k today is no more indicative of anything than it hitting 19,900 under Obama (or the other record highs it had in the last 4 years).
What if things don't get worse though.
Proelite
Member
Well Trump will have to leave after 8 years. Right?
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