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Stock Market reaches New Highs, Dow Up 441 pts
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2018 Mar 9, 1:38pm 2,372 views 10 comments
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1
bob2356
2018 Mar 10, 4:55am
TwoScoopsPlissken says
You seem confused. The stock market is not the economy. S&P P/E 1999 23 S&P P;E 2007 17 current S&P P/E 24, Looks like investors are anticipating one hell of a huge earnings surge In an economy with low unemployment and record profits before the market jumped 20%+. That would be, like the huge earnings surge in 2000 and 2007 I guess.
Starting to see the outliers now. Calls for a 10 more years of fast rises and dow 50k are popping up. It's different this time.
Nooooooo, Economy Please Suck! MUST GET TRUMP!!!
You seem confused. The stock market is not the economy. S&P P/E 1999 23 S&P P;E 2007 17 current S&P P/E 24, Looks like investors are anticipating one hell of a huge earnings surge In an economy with low unemployment and record profits before the market jumped 20%+. That would be, like the huge earnings surge in 2000 and 2007 I guess.
Starting to see the outliers now. Calls for a 10 more years of fast rises and dow 50k are popping up. It's different this time.
2
Shaman
2018 Mar 10, 5:28am
Shaman
2018 Mar 10, 5:28am
I’m definitely seeing one major sign of a rip roaring economy: shipping traffic! It’s never been busier at the port. Even now in what should be the slow season (post Christmas, post Chinese New Year) we are still seeing multiple ships every day at my terminal. I’ve seen shipping traffic ebb and flow with the economy for years, and it’s been a pretty accurate indicator. For instance, the traffic cut down to less than half during the lowest point of the 2008-9 recession, and we laid off people. Never laid off anyone ever before or since.
3
MisdemeanorRebel
2018 Mar 10, 9:23am
MisdemeanorRebel
2018 Mar 10, 9:23am
bob2356 says
You seem confused. The stock market went up on unbelievable job gains, that shattered expectations.
So the economy fed the stock market.
Also, it's amazing what some very Mild Tariffs and threats of more can do.
Once again, the Economancers are wrong. Not a surprise, because Economics is like Gender Studies, but for Banks. "We're the victim, give us what we want, no tariffs, no inflation!"
You seem confused. The stock market is not the economy. S&P P/E 1999 23 S&P P;E 2007 17 current S&P P/E 24, Looks like investors are anticipating one hell of a huge earnings surge In an economy with low unemployment and record profits before the market jumped 20%+. That would be, like the huge earnings surge in 2000 and 2007 I guess.
You seem confused. The stock market went up on unbelievable job gains, that shattered expectations.
So the economy fed the stock market.
Also, it's amazing what some very Mild Tariffs and threats of more can do.
Once again, the Economancers are wrong. Not a surprise, because Economics is like Gender Studies, but for Banks. "We're the victim, give us what we want, no tariffs, no inflation!"
4
mell
2018 Mar 10, 10:15am
Noooooo! Orange cheeto baad. Cali stronk must rezist!
2017 and 2018 were pretty prosperous years. Started right after the election, certainly not a coincidence. #MAGA
2017 and 2018 were pretty prosperous years. Started right after the election, certainly not a coincidence. #MAGA
5
bob2356
2018 Mar 10, 12:23pm
mell says
The economy and stock market has been growing nicely and steadily since 2009. The second longest bull run in history. Certainly not a coincidence.
2017 and 2018 were pretty prosperous years. Started right after the election, certainly not a coincidence. #MAGA
The economy and stock market has been growing nicely and steadily since 2009. The second longest bull run in history. Certainly not a coincidence.
6
bob2356
2018 Mar 10, 12:38pm
TwoScoopsPlissken says
Unbelievable job gains,. Glad you pointed that part out.
You are really going to claim the stock market is based on rational analysis? Like the dotcom boom? Hahahahahaha. The stock market runs on rumor, speculation, herd mentality, and emotion. Always did.
I expect 2 more years of irrational run up in the stock market (and housing market) as the tax cuts are fully mis invested, peaking just in time for the 2020 election. Coincidence? I think not. That was the plan from the get go.
You seem confused. The stock market went up on unbelievable job gains, that shattered expectations.
Unbelievable job gains,. Glad you pointed that part out.
You are really going to claim the stock market is based on rational analysis? Like the dotcom boom? Hahahahahaha. The stock market runs on rumor, speculation, herd mentality, and emotion. Always did.
I expect 2 more years of irrational run up in the stock market (and housing market) as the tax cuts are fully mis invested, peaking just in time for the 2020 election. Coincidence? I think not. That was the plan from the get go.
7
MrMagic
2018 Mar 10, 2:16pm
MrMagic
2018 Mar 10, 2:16pm
bob2356 says
Really?
Does that include the sideways move of the market from 2014 to 2016, where it went up a few hundred points for the complete year, after the QE flow stopped?
The economy and stock market has been growing nicely and steadily since 2009. The second longest bull run in history.
Really?
Does that include the sideways move of the market from 2014 to 2016, where it went up a few hundred points for the complete year, after the QE flow stopped?
8
MisdemeanorRebel
2018 Mar 10, 2:29pm
MisdemeanorRebel
2018 Mar 10, 2:29pm
2012-2016: "Haw Haw, conspiracy theorists think BLS is full of shit!"
2017-today: "Haw, Haw you don't understand, all the numbers are fudged by the BLS, you redneck dummies!"
2017-today: "Haw, Haw you don't understand, all the numbers are fudged by the BLS, you redneck dummies!"
9
mell
2018 Mar 10, 4:10pm
bob2356 says
Agreed. But there's a difference between the rise due to QE + bailouts and organic tax cuts.
mell says2017 and 2018 were pretty prosperous years. Started right after the election, certainly not a coincidence. #MAGA
The economy and stock market has been growing nicely and steadily since 2009. The second longest bull run in history. Certainly not a coincidence.
Agreed. But there's a difference between the rise due to QE + bailouts and organic tax cuts.
10
FuckTheMainstreamMedia
2018 Mar 10, 4:23pm
FuckTheMainstreamMedia
2018 Mar 10, 4:23pm
bob2356 says
This train of thought is whats going to cost you at the election booths this year. People pay attention to if they are working, and how much they are making, not the media and certainly not the pundits. Right now people have really good paying jobs.
TwoScoopsPlissken says
You seem confused. The stock market went up on unbelievable job gains, that shattered expectations.
Unbelievable job gains,. Glad you pointed that part out.
You are really going to claim the stock market is based on rational analysis? Like the dotcom boom? Hahahahahaha. The stock market runs on rumor, speculation, herd mentality, and emotion. Always did.
I expect 2 more years of irrational run up in the stock market (and housing market) as the tax cuts are fully mis invested, peaking just in time for the 2020 election. Coincidence? I think not. That was the plan from the get go.
This train of thought is whats going to cost you at the election booths this year. People pay attention to if they are working, and how much they are making, not the media and certainly not the pundits. Right now people have really good paying jobs.
The Nasdaq composite advanced 1.8 percent and hit an all-time high.
The Nasdaq 100, which is made up of the 100 largest companies in the Nasdaq composite, also reached a record high.
Stocks surged after the Bureau of Labor Statistics said the U.S. economy added 313,000 jobs in February.
U.S. stocks surged on Friday, pushing the Nasdaq composite to a record, after February jobs growth far exceeded expectations.
The tech-heavy advanced 1.8 percent to 7,560.81 and hit intraday and closing records, erasing the losses from last month's correction. The Nasdaq 100, which is made up of the 100 largest companies in the Nasdaq composite, also reached a record high. Friday marked the first time since Jan. 26 that either index reached a record high.
Shares of Facebook, Amazon, Netflix and Google helped lead the gains.
The Dow Jones industrial average rose 440.53 points to close at 25,335.74, with Goldman Sachs among the biggest contributors of gains to the index. The 30-stock index also closed above its 50-day moving average, a key technical level.
The S&P 500 gained 1.7 percent to end at 2,786.57, with financials as the best-performing sector. It also closed above its 50-day moving average.
"This jobs report was the perfect slice of pizza," Kevin Mahn, president and chief investment officer at Hennion & Walsh, told CNBC's "Power Lunch" on Friday. "It did reaffirm the underlying strength of this economy, but it also diminished some of those inflationary concerns and the potential that there could be more than three rate hikes this year."
https://www.cnbc.com/2018/03/09/us-stock-futures-dow-data-nonfarm-payrolls-and-politics-on-the-agenda.html
Nooooooo, Economy Please Suck! MUST GET TRUMP!!!