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Stock-market Indexes Post Another Round Of Records After Strong Earnings


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2017 Nov 21, 7:37pm   7,421 views  24 comments

by MrMagic   ➕follow (2)   💰tip   ignore  

Please make it STOP or Impeach Trump.

U.S. stock-market indexes ended at records and near session highs on Tuesday, finding support on another round of strong earnings, with technology shares leading the way.

The S&P 500 index rose 16.89 points, or 0.7%, to close at a record 2,599.03. Nearly all the main sectors traded higher, with the technology and health-care stocks leading the gains.

The Nasdaq Composite advanced 71.76 points, or 1.1%, to finish at 6,862.48, also setting a record.

The Dow Jones Industrial Average rose 160.5 points, or 0.7%, to post an all-time closing high of 23,590.83, with 26 of its 30 components trading higher. Apple Inc.(AAPL) was leading the gains, up 1.9%.

The three equity benchmarks are up between 16% and nearly 28% for the year, helped by factors such as an expanding U.S. economy, growth in corporate profits and bets that the Trump administration will deliver tax cuts and other business-friendly policies.



http://www.foxbusiness.com/features/2017/11/21/market-snapshot-stock-market-indexes-post-another-round-records-after-strong-earnings.html
#economics

Comments 1 - 24 of 24        Search these comments

1   Strategist   2017 Nov 21, 8:06pm  

This is horrible news. What about the poor? The wealth gap keeps getting larger, it's not fair, we must stop it.
To all the millions of able bodied welfare recipients...If there was no wealth gap, where would your welfare check come from? Duh!
2   anonymous   2017 Nov 22, 5:39am  

The Obama stock market is still moving on the exact same trend line it has for the past nine years. Trump hasn’t done anything, so make sure to say thanks to Obama.
3   mmmarvel   2017 Nov 22, 7:47am  

errc says
Trump hasn’t done anything, so make sure to say thanks to Obama.

Oh yeah, that's a good joke, thanks for the morning laugh.
4   MrMagic   2017 Nov 22, 8:48am  

errc says
The Obama stock market is still moving on the exact same trend line it has for the past nine years.


Really, what happened his last two years after QE was ended?



errc says
Trump hasn’t done anything,


Really, he's had no effect on the market? How much QE did it take for this rise in the market the last year?



errc says
so make sure to say thanks to Obama.


Thanks that he's gone, now the country can move forward.
5   anonymous   2017 Nov 22, 9:36am  

Post any 8 year chart and show me where Trump broke the trend line
6   Strategist   2017 Nov 22, 9:45am  

errc says
Post any 8 year chart and show me where Trump broke the trend line


The slope of the trend changed drastically from the first trading day after Trump won the election.
That is a clear indication it is a Trump rally.
7   anotheraccount   2017 Nov 22, 3:16pm  

Sniper says
How much QE did it take for this rise in the market the last year?


QE in Japan and Europe makes its way across the world. 2T was printed this year. Fed interest rates are still at 1%. With the economy this hot, interest rates were close to 4% in 2007.
8   anotheraccount   2017 Nov 22, 3:35pm  

Sniper says
You want to back that up with something, like with proof maybe?


Are you serious? You don't know that both ECB and BOJ are printing money this year at 2T annual pace?
9   Heraclitusstudent   2017 Nov 22, 3:45pm  

Idiots commenting on the view from the way to the next recession.
10   Heraclitusstudent   2017 Nov 22, 3:55pm  

It's clear everything changed the minute Trump walked in:

11   anotheraccount   2017 Nov 22, 4:17pm  

Sniper says
Yep serious, show us the correlation to the US market with some real facts and charts, not hyperbole, that this is what made our market rise this year.


Goldman put out a research note showing correlation between low European and Japanese yields and lower than should be US yields. You don't need Goldman to tell you that. It's a common sense that if interest rates are artificially low in those countries, people will take their money to US increasing demand for US assets - both equities and bonds.
12   CL   2017 Nov 23, 7:27am  

Yet, Trump has done what, exactly to make the market rally? Must be the border adjustment tax? The Muslim ban? The Wall? The repeal of Obamacare?

A veritable litany of accomplishments, and the market is nonplussed.
13   lostand confused   2017 Nov 23, 7:31am  

errc says
The Obama stock market is still moving on the exact same trend line it has for the past nine years. Trump hasn’t done anything, so make sure to say thanks to Obama.

Anything bad that happened under Obama is Bush's fault. Anything good that happened after Obama is Obama's responsibility. Got it.
14   Shaman   2017 Nov 23, 10:07am  

Market confidence is the key. Obama couldn’t go five minutes without issuing an executive order that put a cramp on some part of the economy, but one of Trump’s first orders was to cut TWO regulations for every new one issued! And to cut thousands of regulations that may be unnecessary! He’s done everything he can do as a POTUS to inspire confidence in capitalism and the economy, predicting great times ahead and lots of MAGA.

That’s all people were really waiting for.
15   anonymous   2017 Nov 23, 12:07pm  

anon_13ce6 says
We are still riding Obama's wave.
Cute
16   anonymous   2017 Nov 23, 2:35pm  

Goran_K says
"Trump's election is going to crush and depress markets, get out now."
. Timing the top is never easy I guess it is just testament to what a great job Obama did. Took us from Bush's bottom to Obama's top ... whenever we finally get there.
17   MisdemeanorRebel   2017 Nov 23, 4:37pm  



Ted Rall drew this in 2009. He predicted the attitude of the mainstream Democratic Voter years in advance.
18   anonymous   2017 Nov 24, 6:15am  

errc says
Post any 8 year chart and show me where Trump broke the trend line


Interesting that nobody is up to the challenge.

Very telling
19   anotheraccount   2017 Nov 24, 7:33am  

errc says
Interesting that nobody is up to the challenge.

Very telling


What this shows is that both Obama and Trump are increasing wealth inequality by increasing asset prices with their policies. There does not have to be an immediate inflection point. Just many decisions that support the same thing.
20   anonymous   2017 Nov 24, 10:12am  

Sniper says
errc says
errc says
Post any 8 year chart and show me where Trump broke the trend line


Interesting that nobody is up to the challenge.

Very telling


What's the problem, Google broken on your computer, or are you just lazy?


Huh? I’m fully vested so I know this simple and obvious fact.

You are the one who is confused. You could prove me wrong and post the charts, but you can’t so you won’t because obviously I’m correct and you are lying.

The Obama trend line is still intact
21   Strategist   2017 Nov 24, 10:14am  

anonymous says
And all of this wonderful news in the markets is helping the people working two and three jobs exactly how ? A large portion of the "base" if you will, what exactly are they gaining from this ?



They have 2 or 3 jobs because of an improving economy. If we were in a recession, they would be lucky to have even one job.
22   Shaman   2017 Nov 24, 3:23pm  

Sniper says
Raises are EARNED based on personal performance, has nothing to do with the company earnings.


This seems to be entirely untrue. Raises are given to retain essential employees with critical knowledge so they don’t leave for higher wages elsewhere. Yes, they aren’t related to company earnings, but to the amount of stroke the employee or group of employees has with management. The more power the workers have, the more they can demand. Generally you get more power as a worker by learning to do technical things which few others can do in your workplace or profession. Then, just let the bosses bid up your salary in a competition for your services!

But if you don’t ask/demand you won’t receive. It’s a rare boss that offers a significant raise without having their arm twisted first.
23   mell   2017 Nov 24, 3:43pm  

They both fueled the market. Obama mainly by proxy of the fed QE program, Trump by removing red tape and trying to force a US first attitude.
24   anonymous   2017 Nov 25, 6:14am  

Sniper says
errc says
You could prove me wrong and post the charts, but you can’t so you won’t because obviously I’m correct and you are lying.

The Obama trend line is still intact


I posted the charts TWICE, you seem to have problems understanding the two charts. If you think those two trend lines are the same, I feel sorry for you.

Did you take math from Marcus by any chance?


Then post a link to where you posted an eight year chart where the Obama trend line was breached. I don’t think you can do it which is why you keep deflecting.

Anyone who owns stocks knows that the Obama trend is still in tact

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