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Originally Posted by Guest
Here is a simple piece of data which accounts for the state of the US economy and the prediction for the near term as well as the World`s confidence in our leadership at the top .
It comes down to one number , one number alone and the trend upward or downward . It is The Dow Jones Industrial Average .
It has been on an strong upward arch since Election Day and now sits at an all time high of : 20,624 an increase of over 12% since the Election .
It`s continued rise despite all of the carping , attacks and boorish behavior of the declining media --- [ and yes these outlets are digging their own demise each and every day ] the continuing rise of the DOW says that the WORLD --- at least those decision makers who count --- have a great deal of faith in President Trump .
So for the rest of you sitting up in the peanut gallery --- the World really doesn`t take it`s direction from your very small minded politics .
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I guess I'm part of the peanut gallery but IMO you are mistaken. The stock market continues to rise due for two reasons; artificially set interest rates and deficiet spending. You are correct saying the market has been on a tear since Trump took office but that is because it is salivating anticipating tax cuts with no spending offsets, a giant infrastructure spending bill funded with deficiet spending, and rebuilding the military with more borrowed money. Deficiet spending is the only reason Obama left with a favorable rating. The stock market you speak of is no longer a long term investment vehicle but a short term gamble with a lot of winners now. Pass the punch bowl.