Trump is Good for the Economy: DOW crosses 19,000 for first time

[akris15]

This seems like a valid story. The magnitude of this effect is not likely to be especially high and it doesn't address underlying causes - if there aren't garbage CDOs and bizarrely bundled financial products that the bundlers themselves didn't really understand, the ability to pump more money into them doesn't exist.

In any case, Bodakane's story doesn't really seem to go much farther than "we cut rich people's taxes and bad things happened, so punish rich people". There's not much point in going farther down that road.

You do realize the Trump administration is open to axing the Frank-Dodd act which curtails this behavior right?

[truckboattruck]

White america needs its safe spaces

indeed all of western civilization does
no one is telling east asians or africans that they dont have a right exist
but not to worry, the winds are blowing

[Spectral]

You do realize the Trump administration is open to axing the Frank-Dodd act which curtails this behavior right?

I don't know what this has to do with my post.

[Paranoid Android]

Deregulation, corporate tax cuts and tax cuts to the top 1% is what Wall Street loves. In the end if the rich get richer and no real progress on jobs and raised income for the middle and lower class. Then we will see if Trump is successful.

[alexw]

This seems like a valid story. The magnitude of this effect is not likely to be especially high and it doesn't address underlying causes - if there aren't garbage CDOs and bizarrely bundled financial products that the bundlers themselves didn't really understand, the ability to pump more money into them doesn't exist.

In any case, Bodakane's story doesn't really seem to go much farther than "we cut rich people's taxes and bad things happened, so punish rich people". There's not much point in going farther down that road.

Well, a big part of the reason CDO's were created was because of a global capital glut. For a while now there has been a large excess of global savings and the financial sector has/is looking for ways to put that use. The creation of CDO's and the like were an outcome of that. Of course due to the crash investors have lost their gullibility so the financial sector can't take them for a ride in this way anymore. Instead the excess capital manifests itself in government borrowing rates that are ~0% in real terms (after adjusting for inflation).

Either way the last thing that is needed is more tax cuts for the rich, and tax rates on the wealthy need to be raised on a global level to drain out the excess from the system. Moreover, given the role Bush's top end tax cuts played in pumping up the 2008 bubble, Trump doing more of the same is just asking for trouble.

[SirBeef]

You do realize the Trump administration is open to axing the Frank-Dodd act which curtails this behavior right?

Glass-Steagall needs to be reinstated and a small $0.0025-$0.01 transaction fee needs to be added to all market transactions, and if you trade commodities you need to take physical custody of them before you can resell them. This will curb the mega transactions that happen by the millions in a fraction of a second and keep the market more stable. Oil and gas will not fluctuate so much. Of course this hurts the big banks and financial firms, but they don't care about anyone anyways.

[tankbug]

What?

No they didn't, the exact opposite happened

Are you that far in denial that reality isn't registering?

The morning after the election, the market started rallying and basically hasn't stopped since that day - I think the Russell 2000 Index had its best bull run in 30 years

I know it's hard to accept but what if Trump is actually the good guy, and you were on the side of the villain (Hillary) all along?

If you're an optimist about the world, then you would have to get behind Trump as a force for good and Trump's presidency as a great new era of growth and prosperity for the world (according to market expectations)

It's hard to keep a straight face saying this, but the cognitive dissonance for the left is just too juicy


[Infracted]

Yes, they did :
https://www.washingtonpost.com/news/...sing-strength/
http://money.cnn.com/2016/11/08/inve...tial-election/

Just google it

I'm not saying that the world is coming to an end, but Trump is definitely not a good guy, and any prosperity he brings will be to those who doesn't deserve it, paid for by the ones who do.

[Rasulis]

The only thing that graph shows is that in the long run, the stock market is the only reliable place to invest your money. It has its up and down, but in the end will keep going up. If Hillary was elected, ten years from now it will be up. Now that we have Trump, ten years from it will also be higher.

2015 and 2016 actually been a so so years compared to the previous years. As the graph shows, it took 139 days for the Dow to go from 15,000 to 16,000, 153 days from 16,000 to 17,000, 120 days from 17,000 to 18,000, and 483 days from 18,000 to 19,000.

[williamfox]

i think this doesn't speak much.
We should wait for a long time.
Stock market only shows expectation. it can be wrong in the future,

[Deleted]

Yes, they did :
https://www.washingtonpost.com/news/...sing-strength/
http://money.cnn.com/2016/11/08/inve...tial-election/

Just google it

I'm not saying that the world is coming to an end, but Trump is definitely not a good guy, and any prosperity he brings will be to those who doesn't deserve it, paid for by the ones who do.

So just to be clear, those articles are wrong - showing the kind of media bias and fake news we're dealing with from the likes of CNN, WashPost, etc

I was awake the entire night of the election, the 5% down move was nothing more than futures overreacting with tiny volume in low liquidity in the middle of the night

By the time the USA opened, we were near flat and then the rally started and never stopped - media panic was a fake-out

The Russell 2000 Index then had the biggest consecutive gains in 30 years

The Nikkei closed up 7% the next day

That left-wing media narrative though, too bad the numbers show the truth

[Glorious Leader]

Of course due to the crash investors have lost their gullibility so the financial sector can't take them for a ride in this way anymore.

LOL Man I hope you're right but theirs one born every minute.

[Teebone]

I can not facepalm this hard enough. You do understand that just before every predictable disaster and major downfall there's a quick boost right? And that this is the Holiday season? My god man, put down the Kool Aid. You've had too many sips.

[Lady Dragonheart]

We'll see about something like that. It's still far too early to tell. I pulled a large amount of my investment before the wide-scale voting began, which is generally a good idea before a new president-elect comes to pass. From what I saw, it was good that I did, but I have to look into new investment opportunity now for several of them. Unfortunately, I've been far too busy with home issues to dedicate the time and effort required to find new markets for investment. -.-

[Deleted]

We'll see about something like that. It's still far too early to tell. I pulled a large amount of my investment before the wide-scale voting began, which is generally a good idea before a new president-elect comes to pass. From what I saw, it was good that I did, but I have to look into new investment opportunity now for several of them. Unfortunately, I've been far too busy with home issues to dedicate the time and effort required to find new markets for investment. -.-

By staying out of the market for political reasons, you missed out on the Trump rally, one of the biggest market rallies ever

[Lady Dragonheart]

By staying out of the market for political reasons, you missed out on the Trump rally, one of the biggest market rallies ever

I didn't really stay out for political reasons. I stayed out because I feared that it would be bad for foreign markets, which it was for many of them.

[Evil Midnight Bomber]

Trump is bad for the weather. It rained a lot today.

[Lady Dragonheart]

Trump is bad for the weather. It rained a lot today.

Actually, my weather has been really good for once, in a literal sense. Especially after that god-forsaken hurricane. >.<

[LilSaihah]

Trump is bad for the weather. It rained a lot today.

Probably more accurate than any predictions made based on the stock market; he's seen through the Chinese hoax, after all.

[Wells]

rket started rallying and basically hasn't stopped since that day - I think the Russell 2000 Index had its best bull run in 30 years

I know it's hard to accept but what if Trump is actually the good guy, and you were on the side of the villain (Hillary) all along?

If you're an optimist about the world, then you would have to get behind Trump as a force for good and Trump's presidency as a great new era of growth and prosperity for the world (according to market expectations)

Remember guys, Xarim really wants you to know he's not a Trump supporter.

- - - Updated - - -

So just to be clear, those articles are wrong - showing the kind of media bias and fake news we're dealing with from the likes of CNN, WashPost, etc

I was awake the entire night of the election, the 5% down move was nothing more than futures overreacting with tiny volume in low liquidity in the middle of the night

By the time the USA opened, we were near flat and then the rally started and never stopped - media panic was a fake-out

The Russell 2000 Index then had the biggest consecutive gains in 30 years

The Nikkei closed up 7% the next day

That left-wing media narrative though, too bad the numbers show the truth

Documented news reports are wrong because Xarim was watching the news at the time guys.

[Zelorra]

No, it means that those who have been called Obama bots for saying the economy is doing very well or evil media for misrepresenting how bad the economy is, were actually right. This is as close as you will get to these people admitting the only issue with the economy, was the person getting credit for its success. When Trump said make America great again, he probebly just screwed up present and past tense.

You economy is doing very well on paper. Your country is in complete debt and your "doing well" economy is doing well by printing more dollars. In the end it will all go down. You might think you're living well NOW, but your children are fucked. And since US economy is so important to the global economy, everybody will be fucked one day...