Trump Optimism Leads to Biggest Stock Market Rally in 93 years

[Ramahan]

I mean look I get it, you don't like Trump

But it's time to admit:

a) the world didn't end when he was elected

b) all the experts from around the world now admit his economic plan is ambitious and forward-looking

It's because experts now think he can actually bring back growth and jobs that the market is rallying

a) Yeah but he sure is working on it by pissing off a nuclear super power, and holder of trillions in US bonds, in the first days post-election.

b) Name one real expert, other then one of Faux News trained monkeys, have said that which by the way he if now is still "I'm going to something Yuuug for the economy". Not to mention that the huge gains in the market were not really gains but a rebound after the fall the market to after the election.

[Celista]

<huge font size and bold for no reason>

It's not a bad thing. People are concerned about deregulation because deregulation caused both the 2008 financial crisis and the Great Depression. And many other economic recessions.

Apparently we did not learn the lessons of history. Mostly because Trump doesn't care abut the well-being of Americans, he cares about getting rich. And businesses get bailouts during economic recessions. Workers don't.

Also as stated earlier: you can have a rallying stock market while the middle class suffers.

[Draco-Onis]

One obvious thing I've learned from this thread
When the stock market was doing well under Obama it was a good thing. liberals touted as an example how well the economy was doing. And now that the stock market is doing a hell of a lot better once Trump got elected for some unknown reason it all of a sudden becomes a bad thing

The stock market doing well is good but the reasons why should be a concern, how many times do you have to see the same movie? deregulation and unleashing the market results in the same thing always bubbles and the eventual stock market crash.

[Zan15]

One obvious thing I've learned from this thread
When the stock market was doing well under Obama it was a good thing. liberals touted as an example how well the economy was doing. And now that the stock market is doing a hell of a lot better once Trump got elected for some unknown reason it all of a sudden becomes a bad thing

same reason why for 8 years republicans..said Obama's economy was horrible but now all of a sudden people are cheering in the street on how great it is 4 weeks after election.

you can't say your opponent is doing well, its just not in the playbook.
they have just ignored that 150% increase under obama beating the last 3 republican presidents gains.

[Gorgodeus]

[I]I can't get over this story.

Donald Trump’s election has spurred the biggest one-month rally in the S&P 500 of any incoming US president in the 93-year history of the index.[/B]

Forged on a combination of expected job creation and higher wages, the Trump rally has pushed the S&P 500 up 4.98 percent since Nov. 8.

Up 4.8% since Nov 8th. Guess how much the S&P had dropped on that date after Wall Street saw Trump win the election - 4.5%

Just goes to show that people will blindly read some bs story, and rush to MMO-C to post without having a clue why the story is bs.

[alexw]

My countries greatest achievement.

Yes there has been no bubble quite like that one. Based solely on the prettiness of a single type of flower which has no outside utility whatsoever and is dead the following spring.

[Blade Wolf]

What's wrong with being a businessman, TV personality, global brand etc

Better question is, what's wrong with being a candidate who ran on his credentials as a businessman despite goin bankrupt SIX TIMES.

[Wells]

Third functionally identical thread by Xarim on this subject. Still ignoring every counter argument.

[Fugus]

One obvious thing I've learned from this thread
When the stock market was doing well under Obama it was a good thing. liberals touted as an example how well the economy was doing. And now that the stock market is doing a hell of a lot better once Trump got elected for some unknown reason it all of a sudden becomes a bad thing

Then you weren't paying attention. The stock market was doing decent under Obama compared to Bush but you notice most didn't make that comparison because what is good for Wall Street doesn't always translate into being good for Main Street. And it was pointed out plenty by people that the benefits of Wall Street wasn't being passed onto the rest and how while the top was out of the recession, the bottom never left it. That was talked about plenty, just ignored by the media same as this will be.

One thing I have noticed though, when it was Bush in office, no one cared about the national debt even while he was exploding it. Then when Obama came into power and inherited it and even slashed the deficit in half slowing the debt, people couldn't shut up over the debt and blamed Obama for not being able to clean up Bushes mess fast enough even while being blocked and filibustered on everything possible.

I am honestly wondering if, when Trump takes office, they all of a sudden not care about the Debt or deficit anymore while he explodes it again only to either blame Obama for it too or what for him to be replaced and blame whatever Democrat replaces him.

[Wells]

Looking forward to Trump supporters suddenly deciding economics data is real tho.

[DeltrusDisc]

I mean look I get it, you don't like Trump

But it's time to admit:

a) the world didn't end when he was elected

b) all the experts from around the world now admit his economic plan is ambitious and forward-looking

It's because experts now think he can actually bring back growth and jobs that the market is rallying

No one said the second he got elected the world would end - people are worried about when he takes office. Something that happens more than two months later, now I don't know if you know this... but he still isn't the actual sitting President.

Just so you know. Take your tone down a few notches.

Also, to be fair, some economists were predicting/expecting the Dow Jones Industrial Average to hit 20,000 by the year end, regardless of who was elected back in the middle of the summer.

Finally, if you think the stock market isn't over-valued and isn't going to have a significant correction before April 17, 2017, you are a fool.

With all that said, I'm riding this wave and am pretty happy. Can't wait for a prime buying opportunity though, I really need to stick some more into my Roth. If the Fed doesn't up the interest rates in a week or two, though, (aka COWARDS) then that might just cause it, since the market is also factoring that in as a 100% expectation. If they do not there WILL be a sell-off. How big? Can't be sure.

[Rasulis]

I have to agree. My assumption was that the 40% was largely from Nvidia and I do have some concerns to the stock market reactions to Nvidia's automotive announcements, which I don't really think is as big as their data center contributions. Regardless, I don't see an exit yet unless popularity as a whole decreases from CUDA/CUDNN, which I honestly don't think will happen unless Google perfects Tensorflow to include the advantages that Caffe, Theano, and Torch have.

Tech stocks are not the only ones that bother me. Public infrastructure company stocks are also going up like crazy in the last month. Obayashi Corp. gained 20%, and AECOM gained 35%. I have a lot of AECOM stocks, so I am not complaining.

[Totle]

And this kids, is how you get another bubble.

Announcing huge investments, cutting the cooperate tax and crippling worker rights, along with keeping non-viable industries afloat, does that. In the end it's the taxpayer getting the bill.

Negative, starfox.

The majority of this growth comes from the everyday taxpayer that's willing to take a chance to consume and/or invest.

Any basic economics course will teach that a nation's GDP is made up of 4 things: Consumption + Investment + Government (Gov spending - taxes) + Trade (Exports - Imports).

At the moment, the surge is coming from investment and consumption. The consumption is in part due to the holiday season, but also from people feeling more confident in the economy and deciding not to save as much. Investment is up because now that people are having such positive speculation, hesitant citizens are emboldened to invest in companies. They see projected growth and are trying to get in while shares are cheap because once they grow, they'll not only make money, but the shares may become too expensive to purchase later.

It's actually the average taxpayer that's pushing this.

And, as an aside: cutting corporate tax means that corporations have more money to invest in advancing technology, or to hire more workers (job creation).

- - - Updated - - -

Better question is, what's wrong with being a candidate who ran on his credentials as a businessman despite goin bankrupt SIX TIMES.

He, like many other businessmen, took advantage of bankruptcy laws to make money.

At the end of the day, he still took 100 million and turned it into 10 billion. That's a 10,000% increase, in case you were wondering.

I'm not going to cheerlead for Trump as a politician. When it comes to politics, he's untested... but as a businessman, the guy knows what he's doing. If he's filed for bankruptcy 6 times, and he's still a billionaire, clearly he's not an idiot.

[Mayhem]

b) all the experts from around the world now admit his economic plan is ambitious and forward-looking

what exactly is his economic plan?

[Wells]

At the end of the day, he still took 100 million and turned it into 10 billion. That's a 10,000% increase, in case you were wondering.

We have no idea how much he's "turned it into". Trump himself acknowledges that his claims regarding his own wealth are based on feeling and he hasn't disclosed any actual documents on the matter.

what exactly is his economic plan?

Do the thing.

[DeltrusDisc]

If anyone had been holding onto AMD stocks for the last 5 years... lucky souls are they.

[Fugus]

Negative, starfox.

The majority of this growth comes from the everyday taxpayer that's willing to take a chance to consume and/or invest.

Any basic economics course will teach that a nation's GDP is made up of 4 things: Consumption + Investment + Government (Gov spending - taxes) + Trade (Exports - Imports).

At the moment, the surge is coming from investment and consumption. The consumption is in part due to the holiday season, but also from people feeling more confident in the economy and deciding not to save as much. Investment is up because now that people are having such positive speculation, hesitant citizens are emboldened to invest in companies. They see projected growth and are trying to get in while shares are cheap because once they grow, they'll not only make money, but the shares may become too expensive to purchase later.

It's actually the average taxpayer that's pushing this.

And, as an aside: cutting corporate tax means that corporations have more money to invest in advancing technology, or to hire more workers (job creation).

- - - Updated - - -



He, like many other businessmen, took advantage of bankruptcy laws to make money.

At the end of the day, he still took 100 million and turned it into 10 billion. That's a 10,000% increase, in case you were wondering.

I'm not going to cheerlead for Trump as a politician. When it comes to politics, he's untested... but as a businessman, the guy knows what he's doing. If he's filed for bankruptcy 6 times, and he's still a billionaire, clearly he's not an idiot.

As someone has said before, it was not a huge improvement, it was a rebound from the 4.5% drop it had when Trump was thought to actually do the stuff he said but when he won and started spreading his butt for them and they knew he was on their side it rebounded combined with the holiday season.

4.5% drop with a 4.8% rebound is only a 0.3% increase during the holiday season.

[Gestopft]

Isn't this the third time OP has posted this?

Again, rich people jerking it over how much richer they are going to get under Trump. That's all this is.

[JohnBrown1917]

what exactly is his economic plan?

Its Yuuugee, you just gotta believe him.

[Underverse]

The gain, topped off with Thursday’s 0.22 percent S&P increase, to 2,246.19, broke the previous-record 4.3 percent gain posted by the S&P in the 30 days following Richard Nixon’s victory in 1968.

Good, so we're comparing Trump to Nixon now and saying this is a positive thing?

Look, I'm sure Trump will be great for the 0.1% and anyone morally bankrupt enough to fully engage in his blatant cronyism, but that does not equate to benefits for the rest of the country. Trickle down economics does not work. Inequality is a force that needs to be actively opposed, because nothing will stop it from naturally growing within capital markets.

Oh, and to all of the 'blue-collar workers' who voted for Trump on the premise that he would help you - Lol. This is why you're 'blue collar workers'.