patrick.net

Dow has logged its fourth 1,000-point climb over the past 12 months—the most in a calendar year .

The Dow Jones Industrial Average on Tuesday touched 23,000 in intraday trade for the first time, marking a fresh milestone for the blue-chip average.

The Dow, if it closes above 23,000, would notch its third fastest climb to 1,000-point milestone since mid July. It would also be its fourth straight 1,000-point climb over the past 12 months. That would represent the largest number of such 1,000 point moves within a calendar year in the benchmark’s 120+-year history, according to WSJ Market Data Group.

Recent gains have been attributed to optimism around President Donald Trump’s tax plan. That enthusiasm centers on the belief that he will implement Wall Street-boosting measures, like deregulation and tax cuts, that will pave the way for a further gains.

Corporate earnings also have supported a run-up in stocks, along with a broad-market rally, buttressed by an improving economic outlook, roughly 10 years after the global financial crisis.

Since the 2016 election, won in shocking fashion by Trump over Democratic rival Hillary Clinton, the Dow has climbed 25.4%, the S&P 500 index has advanced almost 20%, the Nasdaq Composite Index has returned about 28%,

http://www.marketwatch.com/story/dow-23000-marks-fresh-history-for-blue-chips-2017-10-17

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This is horrible, Can we Impeach Trump yet??