Trump speech breathes new life into Trump Rally: Dow hits 21,000 for 1st time
Hello April 29, 2017, 01:51:29 am *
Welcome, Guest. Please login or register.
 
   Home   Help Arcade Login Register  
Pages: [1]   Go Down
  Print  
Author Topic: Trump speech breathes new life into Trump Rally: Dow hits 21,000 for 1st time  (Read 354 times)
0 Members and 1 Guest are viewing this topic.
(Hidden)

« on: March 02, 2017, 01:13:58 am »

Trump knocked it out of the park last night with his speech. Wall Street gave their approval today as the Dow was up more than 300 points today to close at another record level.

Even CNN's own Van "This was a Blacklash" Jones complimented Trump's address to Congress last night. Less than an hour after Trump honored the widow of a slain NAVY Seal, the Democratic commentator suggested that the commander in chief had officially begun to look the part. Jones said, "He became President of the United States in that moment, period. That was one of the most extraordinary moments you have ever seen in American politics."

(CNN)President Donald Trump's first address to Congress received largely positive reviews from viewers, with 57% who tuned in saying they had a very positive reaction to the speech, according to a new CNN/ORC poll of speech-watchers.

Nearly 7-in-10 who watched said the President's proposed policies would move the country in the right direction and almost two-thirds said the president has the right priorities for the country. Overall, about 7-in-10 said the speech made them feel more optimistic about the direction of the country.


http://www.cnn.com/2017/02/28/politics/donald-trump-joint-address-poll/
Logged
3x Thumb Up 2x Thumb Down


(Hidden)

« Reply #1 on: March 02, 2017, 01:30:02 am »

I'm Trumped out.  I couldn't even watch.
Logged
1x Thumb Down 1x Thumb Up


(Hidden)

« Reply #2 on: March 02, 2017, 02:48:29 pm »

Hope he does do what he needs to do and stops trying to impress everyone...but I agree with the poster above...I'm pretty much Trumped out for now.
Logged
2x Thumb Up 1x Thumb Down


(Hidden)

« Reply #3 on: March 02, 2017, 05:58:13 pm »

Trump knocked it out of the park last night with his speech. Wall Street gave their approval today as the Dow was up more than 300 points today to close at another record level.

Even CNN's own Van "This was a Blacklash" Jones complimented Trump's address to Congress last night. Less than an hour after Trump honored the widow of a slain NAVY Seal, the Democratic commentator suggested that the commander in chief had officially begun to look the part. Jones said, "He became President of the United States in that moment, period. That was one of the most extraordinary moments you have ever seen in American politics."

(CNN)President Donald Trump's first address to Congress received largely positive reviews from viewers, with 57% who tuned in saying they had a very positive reaction to the speech, according to a new CNN/ORC poll of speech-watchers.

Nearly 7-in-10 who watched said the President's proposed policies would move the country in the right direction and almost two-thirds said the president has the right priorities for the country. Overall, about 7-in-10 said the speech made them feel more optimistic about the direction of the country.


http://www.cnn.com/2017/02/28/politics/donald-trump-joint-address-poll/

I'm agreeing the brokers who are suggesting the market has over bought. Leaving the political issues out of it; Donald's administration hasn't actually made any significant policy changes that would cause the markets to go up more than a few points. It definitely feels like a bubble and I'm not going to be the guy with his life savings in the market when it pops. If the market adjusts back to around 20k, I would actually feel better. But the DIJA is up almost 25% for the year and there's no logical reason behind it other than promises to spend money, which shouldn't be good for the whole market.
Logged
2x Thumb Down 1x Thumb Up


(Hidden)

« Reply #4 on: March 03, 2017, 10:41:37 am »

I'm agreeing the brokers who are suggesting the market has over bought. Leaving the political issues out of it; Donald's administration hasn't actually made any significant policy changes that would cause the markets to go up more than a few points. It definitely feels like a bubble and I'm not going to be the guy with his life savings in the market when it pops. If the market adjusts back to around 20k, I would actually feel better. But the DIJA is up almost 25% for the year and there's no logical reason behind it other than promises to spend money, which shouldn't be good for the whole market.

The DJIA average is up as much as it is not because of promised spending (although the proposed 1 trillion dollar infrastructure bill is part of it), it's up because of proposed tax reform (lowering the corporate tax rate from 35% to 15%), lowering the income tax rate on the middle class, promoting deregulation of job killing restrictions, reforming healthcare so that the ACA doesn't collapse the entire health care market, granting one time tax breaks/incentives to bring cash stashed overseas by corporations back to the United States so that it can be invested here, along with a whole range of other things. The DJIA isn't overly inflated. If those policy recommendations are followed through on and implemented, economists believe it wouldn't take long for the DJIA to cross the 30,000 pt. threshold. Economic optimism is the highest its been in years.

Regardless, what other options are there to investing in stocks? Interest rates are still so low thanks to the Federal Reserve suppressing them that you can't make money in a bank or invest in treasury bonds, because the yields are so low. So you might as well keep your 401k invested, because as you stated the DJIA is up over 25% for the year, which means if it were to shrink 25%, financially speaking, you'd be right back where you were a year ago. The stock market historically does well in the long term. If you are years away from retiring its a safe place to keep your money, because over the long term stocks historically trend up, even when including recessions and depressions.
Logged
1x Thumb Up


(Hidden)

« Reply #5 on: March 03, 2017, 05:21:40 pm »

The DJIA average is up as much as it is not because of promised spending (although the proposed 1 trillion dollar infrastructure bill is part of it), it's up because of proposed tax reform (lowering the corporate tax rate from 35% to 15%), lowering the income tax rate on the middle class, promoting deregulation of job killing restrictions, reforming healthcare so that the ACA doesn't collapse the entire health care market, granting one time tax breaks/incentives to bring cash stashed overseas by corporations back to the United States so that it can be invested here, along with a whole range of other things. The DJIA isn't overly inflated. If those policy recommendations are followed through on and implemented, economists believe it wouldn't take long for the DJIA to cross the 30,000 pt. threshold. Economic optimism is the highest its been in years.

Regardless, what other options are there to investing in stocks? Interest rates are still so low thanks to the Federal Reserve suppressing them that you can't make money in a bank or invest in treasury bonds, because the yields are so low. So you might as well keep your 401k invested, because as you stated the DJIA is up over 25% for the year, which means if it were to shrink 25%, financially speaking, you'd be right back where you were a year ago. The stock market historically does well in the long term. If you are years away from retiring its a safe place to keep your money, because over the long term stocks historically trend up, even when including recessions and depressions.

To answer your question; Private Equity. Again, I appreciate your response. The problem is that all of that is speculation. If they grant tax breaks to American companies who don't bring their over seas profit's back, I will be quite angry. They should have a child company set up in that country and have that company be profitable while passing some of the profits back to the parent company. What companies like Apple did is pretty risky and they did it with the understanding that they could not bring the money back (it would be financially unwise), but could still use it to pay for investments outside of the US. To give them a tax break would be a massive injustice to 99% of the other companies that can't afford to pay lawyers to play those games.

Would they go for it anyways? There's a reason they did it that way. Unless they were able to bring it back tax free, I don't see why they would. If their goals are to expand internationally, they are just shrinking their available capital. They're not going to do that. If the tax rate gets reduced, they might start bringing future profits back, but not old profits that were kept overseas for a reason.
Logged


(Hidden)

« Reply #6 on: March 04, 2017, 12:46:45 pm »

The stock market went up like 100% throughout Obama's tenure and no one says a word.
Logged


(Hidden)

« Reply #7 on: March 04, 2017, 05:32:58 pm »

I would be nervous about such record highs so early in the first term.  What goes up must come  down......
Logged
1x Thumb Up


(Hidden)

« Reply #8 on: March 10, 2017, 01:08:30 am »

The DOW was already headed there. Trump hasn't been in office long enough to have affected the stock market per se. Much of this is stilll on the coattails of Obama. I would suggest looking at currency markets. As a currency trader, I can tell you the markets are not showing confidence in the US entirely, they're confused and slowing to a crawl. I don't like Trump, but for the love of God release some economic plan and certainty. 
Logged
1x Thumb Down 1x Thumb Up


(Hidden)

« Reply #9 on: March 19, 2017, 07:25:01 pm »

Fast and loose might work for biz in the short term...but it won't be sustainable when everything else comes crashing down...goverment infrastructure, charitable programs, democracy, and the like .
Logged


(Hidden)

« Reply #10 on: March 30, 2017, 12:24:23 am »

Trump knocked it out of the park last night with his speech. Wall Street gave their approval today as the Dow was up more than 300 points today to close at another record level.

Even CNN's own Van "This was a Blacklash" Jones complimented Trump's address to Congress last night. Less than an hour after Trump honored the widow of a slain NAVY Seal, the Democratic commentator suggested that the commander in chief had officially begun to look the part. Jones said, "He became President of the United States in that moment, period. That was one of the most extraordinary moments you have ever seen in American politics."

(CNN)President Donald Trump's first address to Congress received largely positive reviews from viewers, with 57% who tuned in saying they had a very positive reaction to the speech, according to a new CNN/ORC poll of speech-watchers.


Nearly 7-in-10 who watched said the President's proposed policies would move the country in the right direction and almost two-thirds said the president has the right priorities for the country. Overall, about 7-in-10 said the speech made them feel more optimistic about the direction of the country.


http://www.cnn.com/2017/02/28/politics/donald-trump-joint-address-poll/


I noticed that also, in fact I have some investments which were doing well since the election, that shot up after that speech. However, after that withdrawal of repealing Obamacare, my investments have taken a big hit.  I think it is only temporary, it may only be coincidental, but people should be mindful that when they attack the PRESIDENT.. they are also undermining the county. 
Logged


(Hidden)

« Reply #11 on: March 30, 2017, 02:36:00 am »

When the 'president' himself is undermining the country, I think it is one's patriotic duty to scream about it (at the very least). Then again, replying to this thread is little better than talking to a wall.
Logged


(Hidden)

« Reply #12 on: March 30, 2017, 12:43:17 pm »

When the 'president' himself is undermining the country, I think it is one's patriotic duty to scream about it (at the very least). Then again, replying to this thread is little better than talking to a wall.

I agree.. and yet Obama got away with undermining the country for eight years! 
Logged


Pages: [1]   Go Up
  Print  

* Permissions
You can't post new topics.
You can't post replies.
You can't post attachments.
You can't modify your posts.
BBCode Enabled
Smilies Enabled
[img] Enabled
HTML Disabled

 
Jump to: