DOW breaks records

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DOW breaks records

Postby Peter1469 » Tue Nov 22, 2016 4:51 pm

DOW breaks records

A Trump victory was suppose to destroy the economy. What happened?

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U.S. equities closed higher on Tuesday, hitting new all-time highs, as investors digested housing data and kept an eye on President-elect Donald Trump's policy agenda.

The Dow Jones industrial average rose about 70 points, closing above 19,000 for the first time ever, with Home Depot contributing the most gains.

"What we're seeing is a shift in the sectors that are participating" in this rally, said Quincy Krosby, market strategist at Prudential Financial. "It hasn't been parabolic in some sectors."

The S&P 500 closed over 2,200 for the first time, as telecommunications rose about 2.1 percent to lead advancers. The Nasdaq composite also closed at all-time highs, rising approximately a third of a percent.

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Re: DOW breaks records

Postby MisterVeritis » Fri Nov 25, 2016 7:15 pm

People like me are to blame.

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Re: DOW breaks records

Postby Peter1469 » Fri Nov 25, 2016 7:57 pm

It is a lot of people to cause the gains we saw.

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Re: DOW breaks records

Postby Peter1469 » Fri Nov 25, 2016 8:11 pm

Stocks post 3-week win streak as major indexes post record highs

The market continues to climb.

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U.S. equities closed higher on Friday, posting weekly gains, as investors kept an eye on retailers during Black Friday as a post-election rally moved forward.

"I think this more of a follow-through" from the bullish sentiment in the market after the election," said David Schiegoleit, managing director of investments at U.S Bank Private Client Reserve. "The rally might be getting a bit long, but the market will be looking for policy direction" from the government in the near term.

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Re: DOW breaks records

Postby MisterD » Fri Nov 25, 2016 8:39 pm

Not possible. The economy was supposed to collapse and the world was supposed to annihilated in a nuclear apocalypse.

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Re: DOW breaks records

Postby Adelaide » Fri Nov 25, 2016 8:49 pm

I do not know much about economics, but isn't a high DOW Jones potentially bad?

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Re: DOW breaks records

Postby Peter1469 » Fri Nov 25, 2016 9:26 pm

Adelaide wrote:I do not know much about economics, but isn't a high DOW Jones potentially bad?
Only when it comes to corrections.


But those will happen anyway.

I think the point is that the media said the market would crash if their girl was not elected. The market has reacted in the opposite fashion. Why?

The only reason the market would have liked a Hillary win is status quo. I expect the uptick means the market expects better days are coming under Trump. They are by no means correct in that assessment, but I am happy to watch my portfolio grow.

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Re: DOW breaks records

Postby Sweetchuck » Fri Nov 25, 2016 9:41 pm

If you're buying that summer home, now's the time.

Interest rates are going up, up, up.
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Re: DOW breaks records

Postby Sweetchuck » Fri Nov 25, 2016 9:42 pm

And, if anyone noticed - gas is suddenly a good bit cheaper.

I thought it would spike with the holidays and the post election stuff.
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Re: DOW breaks records

Postby Peter1469 » Fri Nov 25, 2016 9:59 pm

Gas prices go down in the winter because the summer blend is more expensive.


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