Will Wiley
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He must be under that impression because he said..."every stock market anticipation is accurate"
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Trump is starting to deliver
- Thread starter RVonse
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He must be under that impression because he said..."every stock market anticipation is accurate"
Shadowy Man
Contributor
Actually, it was less than 50% of the voters. In fact, it was even less than the fraction of voters who wanted Clinton. He may have won the election, but keep your facts straight.
ETA: Sorry for that last comment. I forgot that we live in a "post-truth" world now.
Playball40
Veteran Member
Gee, they are threatening to overturn Dodd Frank and bank stock rose? Shocked I tell you. BTW, this is NOT good news for the middle class.
Playball40
Veteran Member
He's also under the impression that stock market = economy.
laughing dog
Contributor
He is acting as if that is true. Bringing up the stock market as some sort of reliable indicator of future performance is not terribly convincing. There is no reason to take any recent stock market activity as a predictor of any future economic activity. Just ask your buddy Putin - he'll tell you.
Don2 (Don1 Revised)
Contributor
The op is one step away from saying IBM stocks went down today because Obama wore brown socks. Not only is Trump not President yet, variations in the market are so variable that there is an occupation called day trader. After Trump is President for 4 years, there is a reasonable suggestion of a mechanism between certain industries and his policies, AND the market value of companies in those industries have changed, then and only then, get back to us.
Ford
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"As we work together to make America great again, for everyone - and I mean everyone"
(p.s. except Muslims, Mexicans, liberals, Broadway performers, the cast and crew of Saturday Night Live, women who are less than a 7.5, the gays, anyone who signed up for health insurance on the exchanges, and anyone who challenges me on Twitter)
(p.s. except Muslims, Mexicans, liberals, Broadway performers, the cast and crew of Saturday Night Live, women who are less than a 7.5, the gays, anyone who signed up for health insurance on the exchanges, and anyone who challenges me on Twitter)
Gee willikers. Your butthurt done gone passed 11.
Ford
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Crazy Eddie
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I'm not sure who to believe... Ford, could you clear this up for us? Are you moving to Mexico or not?
Ford
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Well if things go well for me financially I wouldn't mind buying a vacation home or retirement property on a beach in Baja.
funinspace
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From the below graph, when would you suggest that the DJIA index was predicting the future?
FWIW, NBIR official post analysis declared the great recession to have started in Dec 2007. Unemployment had crept up from a bottoming in the summer of 2007, exploding upward starting in April 2008. By the time the DJIA investors figured out en mass that there was a problem in Houston, roughly in May-June 2008, we had been in a recession for several months. Those investors predicted the last recession much like a deer predicts an auto accident...with an oh-shit look in them eyes.
Secondly, significant movements of a couple companies stocks prices hardly are a harbinger of jack within the country as a whole.
funinspace
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And if you had invested in Archrock Inc. (AROC) last March, you would have tripled your money, plus earned a healthy dividend.
What a flakey site northcrane is...I'd pick a better source to quote in support of XYZ. Apple has asked Foxconn to explore the possibility of setting up a production facility last summer. I wouldn't recommend getting in line for a job as a ware-houseman for them quite yet.
Lots of banks, along with defense stocks have seen a recent strong bump. It could be a trend, it could be a fools errand. If stocks trends make an economy, the Obama and the Dums should have had everyone drooling over them...as the markets have soared under their watch...
RVonse
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Since I wrote the OP, United States Steel rose another 12% higher to 32 today. And the market broke 19000 for the first time ever.
We will of course continue to see what happens. But for the first time in many years I am very hopeful for the middle class again. That we may see some quality jobs start coming back and that the young people can finally get out their parents basement and achieve more financial independence. And I honestly believe that those same protesters will be so busy starting their own families to be concerned about whether Trump grabbed the pussy 10 years ago. The economy will get them off the street and provide a better future for our children.
And that will be a good thing for America too.
Crazy Eddie
Veteran Member
Since when did stock prices have anything to do with the middle class? Most people in the middle and working classes make their money by labor, not by investments. Even if the average stock price increased 5000% it wouldn't do a damn bit of good for workers unless it was also accompanied by an uptick in wages and demand for labor.
The long-term trend, however, has been that the increase in productivity in successful companies has not shown an increase in wages and that profits are being concentrated in the pockets of managers, investors and tax havens. Donald Trump actually made MOST of his money this way.
You say that like those protestors haven't already started families. That's cute.
You say that like the protesters are unemployed or "living in the street." That's REALLY cute.
I offer you a counter-theory: Donald Trump will use his administration the same way he used his business empire, following the same pattern of behavior in the white house. He will use the office of the presidency to push business deals, energy investments, defense contracts, he will push for more and more privatization of education and sweeten the pot for the health insurance industry, all while expecting -- if not outright demanding -- kickbacks from those industries in the form of partnerships with his businesses and his own investments. All of this while at the same time sucking up to evangelicals and white nationalists to get them to donate to his reelection fund and help finance local pet projects that fall in line with his overall agenda. He will in various nonsensical ways spit rhetoric about how everything he's doing is good for America and good for the economy and will continue to profit off his actions, paying no attention to legality or decorum, attack and denounce his critics, and pretty much do as he pleases.
Like a new manager who hires all of his home boys to run the store, the result is a tidal wave of graft and corruption, with the most aggressive and ambitious individuals ending up in positions of power. Those same individuals are then free to use those positions to pursue longstanding grudges against their rivals (white nationalists, teabaggers, anti-abortionists, homophobes, nativists, etc) and with no one to reign them in, it's open season on everyone who dared speak up before.
I'm sure that'll be GREAT for the middle class.
Horatio Parker
Veteran Member
I'm reading that the repatriation will be a wash.
Most of it is in dollar denominated assets. Most of it is in securities. Which means that in order for the market to get a boost, positions will have to be liquidated. IOW, moving money from one security to another. A wash.
Most of it is in dollar denominated assets. Most of it is in securities. Which means that in order for the market to get a boost, positions will have to be liquidated. IOW, moving money from one security to another. A wash.
Elixir
Made in America
Well... there's your statement that "Trump is starting to deliver".
Trump has delivered exactly NOTHING. Stock prices are a product of expectations on the part of investors. And with Trump's track record of lying about absolutely everything.... that's probably worth less in the long run than the margins being reaped right now by futures players.
In general, the wall street runup is probably associated with the fact that Trump said he'd side with the little guy against them, and Trump is known to be a pathological liar.
skepticalbip
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And the Dollar is up compared to the Euro, Yen, and Yuan. We will have to wait to see whether this is justified expectation or not. But it does seem to indicate that the world markets are expecting a stronger US economy.
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