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Dow 23,000 means blue-chip’s 3rd fastest close above a 1,000-point milestone


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2017 Oct 18, 1:34pm   8,411 views  41 comments

by MrMagic   ➕follow (2)   💰tip   ignore  

Dow has registered 51 record closes in 2017—its most all-time high finishes in a single year since 2013.

A resurgence in the so-called Trump trade helped propel the Dow Jones Industrial Average to a fresh closing milestone.

This time the most well known and oldest U.S. equity benchmark closed above 23,000 for the first time ever, notching its fourth straight 1,000-point climb over the past 12 months. That marks 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.

Since the 2016 election, won in shocking fashion by Trump over Democratic rival Hillary Clinton, the Dow has climbed 26%, the S&P 500 index has advanced almost 20%, the Nasdaq Composite Index has returned about 28%, and a popular index of small companies, the Russell 2000 index has climbed more than 26%.

http://www.marketwatch.com/story/the-stock-markets-velocity-has-the-dow-flirting-with-230000-2017-10-05
All done without any QE, imagine that.

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1   MrMagic   2017 Oct 18, 1:35pm  

*
Don't forget, it's ALL Trump's Fault.
2   Goran_K   2017 Oct 18, 3:30pm  

me123 says
Don't forget, it's ALL Trump's Fault.


Really hate this guy.

All this extra money, economic stability, employment participation rate is up, wages are up. What is this guy's problem?
3   MrMagic   2017 Oct 18, 3:43pm  

Goran_K says
me123 says
Don't forget, it's ALL Trump's Fault.


Really hate this guy.

All this extra money, economic stability, employment participation rate is up, wages are up. What is this guy's problem?


We need to get him impeached, TODAY!
4   joeyjojojunior   2017 Oct 18, 3:54pm  

And what did Trump do exactly to account for the continuation of the stock market bull run?
5   Goran_K   2017 Oct 18, 3:55pm  

joeyjojojunior says
And what did Trump do exactly to account for the continuation of the stock market bull run?


6   joeyjojojunior   2017 Oct 18, 4:02pm  

So, nothing then?

You can thank Obama now.
7   Goran_K   2017 Oct 18, 5:07pm  

joeyjojojunior says
You can thank Obama now.


Yeah Obama planned to hit all-time highs in the stock market, increase the job participation rate, and real wages for the first time in 27 fiscal quarters right when Trump is 9 months into his presidency.
8   joeyjojojunior   2017 Oct 18, 5:47pm  

Goran_K says
Yeah Obama planned to hit all-time highs in the stock market, increase the job participation rate, and real wages for the first time in 27 fiscal quarters right when Trump is 9 months into his presidency.


You're hilarious. Here's an article from before the election talking about the US economy.

https://www.ft.com/content/4cb1fdb6-a28b-11e6-aa83-bcb58d1d2193
Unemployment falling in a straight line since mid-2009
Participation rate increasing starting in mid-2015
Real wages growing since 2012

So basically everything you posted is bullshit. As usual.
9   Shaman   2017 Oct 18, 5:51pm  

Trump put the smack down on the Leftists who wanted to kill the economy with bullshit regulations and crony capitalist laws.
He declared the USA open for business again.

And the markets went wild.
10   Y   2017 Oct 18, 5:56pm  

This.
Quigley says
regulations
11   Goran_K   2017 Oct 18, 5:58pm  

joeyjojojunior says
You're hilarious. Here's an article from before the election talking about the US economy.

https://www.ft.com/content/4cb1fdb6-a28b-11e6-aa83-bcb58d1d2193
Unemployment falling in a straight line since mid-2009
Participation rate increasing starting in mid-2015
Real wages growing since 2012

So basically everything you posted is bullshit. As usual.


And the stock market hitting record levels? Oh, guess we can ignore that.
12   joeyjojojunior   2017 Oct 18, 6:08pm  

Goran_K says
And the stock market hitting record levels? Oh, guess we can ignore that.


Don't ignore it, just attribute it to the right source. It's a continuation of the Obama bull market. If the stock market hadn't tanked so badly after the housing crisis, it would have reach record levels much more quickly.
13   joeyjojojunior   2017 Oct 18, 6:13pm  

Actually I mean this bull run:

14   Goran_K   2017 Oct 18, 6:45pm  

And we never saw Tatupu again.
15   joeyjojojunior   2017 Oct 18, 7:12pm  

me123 says
OK, so your finally admitting that Obama added over $4.5 TRILLION to the debt to get those results, what happened to the market when QE was shut off each time and in the Fall of 2014?


Admitting what exactly? The correlation of the above chart is actually not that good if you look closely. Not that I expect you to understand what correlation actually means.

So what did Obama do to add to the debt that you think raised stock prices?
16   joeyjojojunior   2017 Oct 18, 7:13pm  

Goran_K says
And we never saw Tatupu again.


No--that was you on the other thread where I asked you why you keep voting for Republicans when you criticized Clinton for being too much like a Republican.

You ran like a little baby.
17   MisdemeanorRebel   2017 Oct 18, 7:26pm  

Paul Krugman and Eichenwald told me the stock market was gonna tank if Trump was elected, the latter said he was entirely out.

Now Eichenwald is sidestepping by resurrecting the debunked line "If he invested in a Mutual Fund" BS again.

Here's a tweet that didn't age well:


Many, many tweets later, we're breaking all-time highs.
19   joeyjojojunior   2017 Oct 18, 7:35pm  

McGee--you need to thank Obama as well.
20   joeyjojojunior   2017 Oct 19, 3:31am  

me123 says


Except the correlation there is poor.
21   joeyjojojunior   2017 Oct 19, 8:05am  

me123 says
Only to paid troll.

Want to tell us again why the Obama Bull Run went sideways in 3rd Qtr 2014 to 4th Qtr 2016?

Is gaining 600 points on the DOW in two years a Bull Run?


Perhaps it was a breather after the Dow had gained 45% over the previous 2.5 years?
22   MrMagic   2017 Oct 19, 9:20am  

joeyjojojunior says
Perhaps it was a breather after the Dow had gained 45% over the previous 2.5 years?


Perhaps the QE punch bowl ran dry, which was the only thing "juicing" the market?

How did the market grow 5000 points the last 11 months? How much QE was injected to support it?
23   Goran_K   2017 Oct 19, 9:22am  

me123 says
Perhaps the QE punch bowl ran dry, which was the only thing "juicing" the market?

How did the market grow 5000 points the last 11 months? How much QE was injected to support it?


Oh snap! Tatupu is going to figure out a way to not come back to this thread.
24   joeyjojojunior   2017 Oct 19, 9:55am  

me123 says
Perhaps the QE punch bowl ran dry, which was the only thing "juicing" the market?

How did the market grow 5000 points the last 11 months? How much QE was injected to support it?


Or perhaps it shows that QE wasn't the only thing driving the market...
25   joeyjojojunior   2017 Oct 19, 9:56am  

Goran_K says

Oh snap! Tatupu is going to figure out a way to not come back to this thread.


No, that's your trick.
26   HEY YOU   2017 Oct 19, 10:46am  

I'm investing $4.00 in the market. It will hit 30,000 before Christmas.
Merry Christmas to me. I will have so much fiat currency.

When an economy financializes the most important human need,water,could there be a problem in the future?
Running out of ways to turn a quick buck?
27   HEY YOU   2017 Oct 19, 10:49am  

Bubble?
28   anonymous   2017 Oct 19, 4:13pm  

What was driving the market up during the Obama years if it wasn't QE?

—————-

Corporate profits

Or did you think Trump tweets are what drives valuations?

You’re not very smart, maybe you should post less, rather than continuing to display how ignorant you are?
29   joeyjojojunior   2017 Oct 19, 4:17pm  

me123 says
What was driving the market up during the Obama years if it wasn't QE?


Good--I'll try to educate you a little. A free lesson if you're willing to learn.

Stocks rise when expectations for future profits (or really future cash flow) increase. As productivity rose and unemployment fell, the expectations for future earnings/cash flow rose. And yes, P/E ratios went up as interest rates fell in the early years of Obama's term, but not as much as they have during Trump's time in office.
30   Ironworker   2017 Oct 19, 5:30pm  

Bubble!

But the biggest gains are to be gained at the end of it.

It will be fun, exciting and profitable 2018!
31   Ironworker   2017 Oct 19, 5:30pm  

Bubble!

But the biggest gains are to be gained at the end of it.

It will be fun, exciting and profitable 2018!
32   joeyjojojunior   2017 Oct 19, 7:38pm  

Let's see:

QE1 announced--stocks go down
Operation twist ended--stocks go up
QE3 announced--stocks go down
Taper tantrum (whatever that is)--stocks continue to go up
QE3 taper announced--stocks continue to go up.

Great correlation there.
33   joeyjojojunior   2017 Oct 19, 8:10pm  

me123 says
Yes it is, thank you for noticing.


lol--you need to learn how to read a chart.
34   anotheraccount   2017 Oct 19, 8:58pm  

me123 says
Trump wins election - stocks go up, gains 5000 points in 11 months (No QE)


So up to possible of 5T in unpaid for tax cuts that Trump is proposing can be ignored?
35   MrMagic   2017 Oct 19, 9:52pm  

anotheraccount says
So up to possible of 5T in unpaid for tax cuts that Trump is proposing can be ignored?


Since when is "proposing" the law?
36   anonymous   2017 Oct 19, 10:04pm  

HEY YOU says
Bubble?


Yes bubble!

But don't forget, the biggest gains are to be gained just before it pops. This is going to be very exciting 2018. And profitable :)
37   joeyjojojunior   2017 Oct 20, 5:11am  

me123 says


CHECKMATE


You're hilarious. You showed you can't even read a simple chart and you think that means you won something? Only CIC.
38   Goran_K   2017 Oct 20, 6:13am  

Damn this is getting embarrassing for tatupu.
39   joeyjojojunior   2017 Oct 20, 6:24am  

Goran_K says
Damn this is getting embarrassing for tatupu.


Nice touch that you used one of you alts to like your own post.
40   joeyjojojunior   2017 Oct 20, 6:33am  

Goran_K says
You ready to put your money where your mouth is Tatupu?


Itwog proved you use alts. There's no reason to bet.

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