23K

[ALPHAGRIZ1]

Trump leading us where no man has gone before, grabbing that economy by the pussy!

https://www.nbcnews.com/news/all/riding ... rk-n811486


The #TrumpTrain is running full throttle forward. I expect in about 8-9 months we will be cresting the 30k mark and in his second term it would not surprise me in the least if he gets it over 40k.

[CAA Flagship]

[Chizzang]

Waiting for CID to correct you... Wall Street is not the economy he tells me (a lot)
it's been booming for 7 years consecutively now (but it's not the economy)

[93henfan]

Up up up, 5,000 points since Election Day.

[dbackjon]

Thanks Obama!!

[Col Hogan]

Thanks Obama!!

Obama blamed Bush for 8 years...now he gets credit months after he leaves office...

[dbackjon]

Thanks Obama!!

Obama blamed Bush for 8 years...now he gets credit months after he leaves office...

Up until September, still Obama's economy. Obama's recovery and economic expansion.

[kalm]

Perpetual growth is seen everywhere in the universe.

[GannonFan]

Perpetual growth is seen everywhere in the universe.

Well, the universe has never not been growing so I agree.

[Skjellyfetti]

It's especially remarkable considering the market was artificially inflated from 2010 through 2016. So, it corrected itself AND it's up!

[kalm]

Perpetual growth is seen everywhere in the universe.

Well, the universe has never not been growing so I agree.

Thanks, Alan Greenspan.

[GannonFan]

Well, the universe has never not been growing so I agree.

Thanks, Alan Greenspan.

No, thanks Edwin Hubble.

[CID1990]

Waiting for CID to correct you... Wall Street is not the economy he tells me (a lot)
it's been booming for 7 years consecutively now (but it's not the economy)

Well excuuuuuse me

I don't recall putting it EXACTLY that way - obviously Wall Street is (usually) a reflection of confidence in the future of the economy

But Wall Street is not equal to the US Economy

You can debate me on that or you can go after the really low hanging fruit ahead of me in this thread (Jon)


Sent from my iPhone using Tapatalk

[JohnStOnge]

I think that investors thinking that the Republicans being in charge of both the White House and Congress means they'll get tax conditions they would like is somewhat of a factor. But there is not a dramatic thing going on with respect to what the Dow Jones has been doing over the past 10 years. This is what it looks like:



If you were someone who had been doing the Rip Van Winkle for the last 10 years, woke up, and looked at the graph you would not think anything dramatic happened around the time Trump got elected or around the time Trump took office. You'd think something dramatic happened with the big decline at the start then things generally went into increasing mode with some relatively minor ups and downs along the way.

[CAA Flagship]

DJIA 11/30/14 - 17,958
DJIA 10/30/16 - 17,888

After recovery from recession, DJIA was essentially flat for 23 months.

[93henfan]

DJIA 11/30/14 - 17,958
DJIA 10/30/16 - 17,888

After recovery from recession, DJIA was essentially flat for 23 months.

Precisely. Citadel Grad may have his scary head and shoulders pattern that he always talks about, but I wrote my doctoral thesis on the period you referred to Flaggy, and I called it Beware the Witch Tits Pattern! Thank God we got a Republican on the heels of the latest witch tits. A witch tits followed by Hillary would have spelled Armageddon.

[CAA Flagship]

DJIA 11/30/14 - 17,958
DJIA 10/30/16 - 17,888

After recovery from recession, DJIA was essentially flat for 23 months.

Precisely. Citadel Grad may have his scary head and shoulders pattern that he always talks about, but I wrote my doctoral thesis on the period you referred to Flaggy, and I called it Beware the Witch Tits Pattern! Thank God we got a Republican on the heels of the latest witch tits. A witch tits followed by Hillary would have spelled Armageddon.

That technical analysis is quite nipply.

[Col Hogan]

Going back and reading some of the kaka toro that was written by the likes of CNN in the past, then seeing what has actually happen, is fun...

If Donald Trump wins the election, U.S. stocks (and likely many other markets overseas) will almost certainly tank.
How big of a drop? Forecasting firm Macroeconomic Advisors predicts an 8% fall in the U.S. A new paper out Friday from the Brookings Institute projects a 10% to 15% nosedive. You get the idea.

http://money.cnn.com/2016/10/24/investi ... index.html

[CAA Flagship]

"In the event Donald wins, I have no doubt in my mind the market tanks."
- Mark Cuban

[Skjellyfetti]

Going back and reading some of the kaka toro that was written by the likes of CNN in the past, then seeing what has actually happen, is fun...

If Donald Trump wins the election, U.S. stocks (and likely many other markets overseas) will almost certainly tank.
How big of a drop? Forecasting firm Macroeconomic Advisors predicts an 8% fall in the U.S. A new paper out Friday from the Brookings Institute projects a 10% to 15% nosedive. You get the idea.

http://money.cnn.com/2016/10/24/investi ... index.html

Speaking of which... you remind me that you never paid up for our stock market bet in 2010.

Easy to say...want to back that up with a friendly wager???

The market will be in the 8000s by October....

Sure thing.

If market never closes below 8999 by the first of October, I get a UMASS hat.
If market ever closes below 8999 by the first of October, you get an App hat.

Deal?

This bet was never really close.
Dow closes at 10,829.68 on October 1. 1830 points off.
The low point was back in August at 9985. 986 points off.

PM with address sent.

[Col Hogan]

PM me your bank acct and routing # and I’ll transfer you the value of a hat...

[Skjellyfetti]

I don't give a shit about the hat. It was just entertaining for me like the CNN article was for you.

[JohnStOnge]

DJIA 11/30/14 - 17,958
DJIA 10/30/16 - 17,888

After recovery from recession, DJIA was essentially flat for 23 months.

Yes. And there were other periods of flatness, downness, and upness over the past 10 years. When you look at it as an overall period starting with the bottom around 2008 there is no indication that anything "different" is going on. You could not look at the graph since the bottom and pick out an obvious change. You couldn't look at it and say "Oh...THIS is the point where something happened that REALLY changed things."

[CAA Flagship]

Jeebus. We are almost halfway to 24k already.

[CAA Flagship]

24k at the open today?