Donald trump
Dow Hits 20000 for First Time
31–40 of 214 posts
Re: Dow Hits 20000 for First Time
#32Trump for all his craziness is vehemently pro business. I know the whole tech crowd wants him to crash and burn but the stock market rising is no surprise to me. Whether it's worth the damage done to the poor and the environment is yet to be seen.
I think many people dont want him to crash and burn. I think he was a terrible choice for president same as I think brexit was a terrible idea, but that's what we have got so I hope I am wrong on both counts. Why? Because I have to live in a world with both, so I don't wish for me to be right and everything to be shit, I hope I was wrong and everything is sunshine and fucking roses.
Re: Dow Hits 20000 for First Time
#33Trump for all his craziness is vehemently pro business. I know the whole tech crowd wants him to crash and burn but the stock market rising is no surprise to me. Whether it's worth the damage done to the poor and the environment is yet to be seen.
[deleted]
Re: Dow Hits 20000 for First Time
#34Remember when nearly the entire business media predicted that if Trump was elected the stock market would crash immediately? Some of my smartest friends (at hedge funds) placed large bets mid to late 2016 that the market would decline. Now here we are. The lesson isn't that Trump is awesome for the economy (maybe he is, maybe he isn't) or that the market won't crash tomorrow (maybe it will, maybe it won't) but rather…
And here we are, invested in index funds, outperforming the hedge funds again...
Re: Dow Hits 20000 for First Time
#35Remember when nearly the entire business media predicted that if Trump was elected the stock market would crash immediately? Some of my smartest friends (at hedge funds) placed large bets mid to late 2016 that the market would decline. Now here we are. The lesson isn't that Trump is awesome for the economy (maybe he is, maybe he isn't) or that the market won't crash tomorrow (maybe it will, maybe it won't) but rather…
Just wait until he's able to pass his 35% tariff.
Re: Dow Hits 20000 for First Time
#36Would be great for Republicans if this boom persists through the 2018 midterm elections. When Trump's trade policies take hold there should be a rush to form manufacturing startups to make stuff in the USA for the industrial supply chain, e.g. power cords, circuit boards, paints, etc. I expect these to form in the traditional centers of manufacturing excellence - urban areas where minorities will enjoy relative job p…
Can the US really make power cords cheaper than China or Vietnam? If they add tariffs to imports I'm sure they can but is manufacturing for the domestic market alone enough to create sustainable jobs?
Re: Dow Hits 20000 for First Time
#37Remember when nearly the entire business media predicted that if Trump was elected the stock market would crash immediately? Some of my smartest friends (at hedge funds) placed large bets mid to late 2016 that the market would decline. Now here we are. The lesson isn't that Trump is awesome for the economy (maybe he is, maybe he isn't) or that the market won't crash tomorrow (maybe it will, maybe it won't) but rather…
I'm just a little confused about this though. If everyone thinks the market will decline due to Trump, then doesn't the market actually decline? What I'm saying is that apparently there were even more people making the opposite guess.
Or a Trump victory was already priced into the market -- it doesn't necessarily mean people weren't bearish on Trump.
Re: Dow Hits 20000 for First Time
#38Trump for all his craziness is vehemently pro business. I know the whole tech crowd wants him to crash and burn but the stock market rising is no surprise to me. Whether it's worth the damage done to the poor and the environment is yet to be seen.
"the whole tech crowd wants him to crash" - is this an alternative fact?
lol. Get downvotes for pointing out the "alternative fact".
Re: Dow Hits 20000 for First Time
#39Daily reminder that stock indexes in free markets have very little to do with the government.
Do you have any evidence of that? From my understanding the two are hand in hand. (note: I am not an investor)
Re: Dow Hits 20000 for First Time
#40So what? The Dow is a terrible indicator of even how well the stock market or the economy as a whole is doing. It is price weighted instead of market cap weighted so smaller companies that released fewer shares at a higher price have more impact on the Dow than larger companies. http://www.npr.org/sections/money/2017/01/04/508261371/episo...
It matters because we make it matter. It's psychological anchoring and it's a very real thing.