TRUMPONOMICS / Trump Rally .. Markets loving it .. Thoughts?

robut

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How Trump’s stock market ranks in his first 30 days in office

- Trump is enjoying the Dow Jones Industrial Average’s best performance in the initial 30 days of a presidential term since Franklin D. Roosevelt in 1945

- stock market’s record-setting performance since President Donald Trump won the race for the White House back in November.

- S & P 500 .. the best 30-day stretch since the days following the second inauguration of Bill Clinton in 1997

- the Dow and Nasdaq Composite Index COMP, +0.47% have risen 12.1%, and the S&P 500 is up nearly 10% since the Nov. 8 election

- Friday .. all three equity-market benchmarks finishing at all-time highs, capping a boffo week for U.S. equities
So far so good .. increased spending on infrastructure, reduced taxes and loosened regulations promises seem to be just the ticket for the Markets?

But wait, their is more :D ... These tax cuts on the way - especially the promised corporation tax drop to 15%. Markets should really really go gangbusters then?

So thoughts guys? A blip? A huge correction on the way? Onward and upward?
 


PBP voter

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Dame_Enda

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Obama more than doubled the national debt from 8 to 20 trillion.
 

PBP voter

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Obama more than doubled the national debt from 8 to 20 trillion.


Indeed. Even looking at in terms of debt to GDP ratio he has left a huge mess. So all this new debt for white elephant infrastructure isn't a good idea in the long run. The markets are up because the people buying shares are in it for a quick buck.
 

Dame_Enda

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Indeed. Even looking at in terms of debt to GDP ratio he has left a huge mess. So all this new debt for white elephant infrastructure isn't a good idea in the long run. The markets are up because the people buying shares are in it for a quick buck.
The Orville Dam near collapse in CA says otherwise. There are also around 176000 bridges in dire need of repair.
 

constitutionus

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i think theres a correction coming TBH.

Bar a brief period the night he was elected the stockmarkets gone spectacularly nuts and while his policies will work out great for business and banks i think its starting to get into the "overly optimistic" scale now.

i mean FFS the DOW is heading towards 21k.

even the business stations like CNBC are asking where the hell the value is getting into stocks now.

i'll put me hands up and say i could be well wrong but it feels like hysteria to me and im glad to have got out of my american stocks at the prices i got. i can see reality kicking in a few months down the line and the DOW getting back to 19k ,give or take the odd 500 or so.

itll all come down to trumps tax polices in the end and if anything happens to that 15%, or the one off 10% repatriation tax, then watch the fall out.

right now everyone seems to be betting on a promise.
 

PBP voter

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The Orville Dam near collapse in CA says otherwise. There are also around 176000 bridges in dire need of repair.
He does what to build a wall along the Mexican border that would cover a lot of that.
 

PBP voter

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i think theres a correction coming TBH.

Bar a brief period the night he was elected the stockmarkets gone spectacularly nuts and while his policies will work out great for business and banks i think its starting to get into the "overly optimistic" scale now.

i mean FFS the DOW is heading towards 21k.

even the business stations like CNBC are asking where the hell the value is getting into stocks now.

i'll put me hands up and say i could be well wrong but it feels like hysteria to me and im glad to have got out of my american stocks at the prices i got. i can see reality kicking in a few months down the line and the DOW getting back to 19k ,give or take the odd 500 or so.

itll all come down to trumps tax polices in the end and if anything happens to that 15%, or the one off 10% repatriation tax, then watch the fall out.

right now everyone seems to be betting on a promise.
It's casino capitalism. It will crash. It's just a question of when.
 

Jack Walsh

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Anyone who says the can predict the direction of a stock market short/medium term is a liar.
Markets are inherently optimistic, they are pricing in all the stuff they like and maybe not discounting enough of teh bad stuff.

Trump has been lucky with his timing, his election came slap bang in the middle of a bumper 3rd quarter earnings season and his first 30 days again coincided with even better 4th quarter results.
These had nothing to do with Trump and if they had been bad and the market was down 10-15% he would be spinning wildly about the mess he had inherited.

The stock market grew by nearly 300% during Obama
Over $10 trillion dollars, most of it working its way into American households via mutual funds, pension funds and hefty monthly retirement checks.

America, considering where it was 8 years ago is doing very well
It sure as hell isn't the mess that con man is fooling people.

and sorry to explode your heads altogether, so is Europe!
 

Jack Walsh

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i think theres a correction coming TBH.

Bar a brief period the night he was elected the stockmarkets gone spectacularly nuts and while his policies will work out great for business and banks i think its starting to get into the "overly optimistic" scale now.

i mean FFS the DOW is heading towards 21k.

even the business stations like CNBC are asking where the hell the value is getting into stocks now.

i'll put me hands up and say i could be well wrong but it feels like hysteria to me and im glad to have got out of my american stocks at the prices i got. i can see reality kicking in a few months down the line and the DOW getting back to 19k ,give or take the odd 500 or so.

itll all come down to trumps tax polices in the end and if anything happens to that 15%, or the one off 10% repatriation tax, then watch the fall out.

right now everyone seems to be betting on a promise.
Oh christ, you punt the markets.
Please let me be your broker!
 

constitutionus

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Oh christ, you punt the markets.
Please let me be your broker!
are you some sort of mad masochist that comes on this site to regularly humilitate yourself ?

cause youve a spectacular track record of being wrong and it would certainly explain that.
 

owedtojoy

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How Trump’s stock market ranks in his first 30 days in office



So far so good .. increased spending on infrastructure, reduced taxes and loosened regulations promises seem to be just the ticket for the Markets?

But wait, their is more :D ... These tax cuts on the way - especially the promised corporation tax drop to 15%. Markets should really really go gangbusters then?

So thoughts guys? A blip? A huge correction on the way? Onward and upward?
Increased spending on infrastructure?

You means Trump's plan to give his wealthy cronies the running of the US highway system at fire-sale prices? And the public paying extra for what used to be in state ownership, so some fatcat can claim an annual bonus?

It that optimistic boost Republican Presidents get by posing as "business friendly", before they make a complete hash of everything.

Trump inherited an economy close to full employment (technically) & growing at 2% about per year, thanks to President Obama. He has claimed he will double economic growth to 4%, a phenomenal ask in an economy the size of the US. If he can avoid the trade wars with China, Europe and Mexico, some think he can squeeze up to nearly 3% ....

So much of the flatulent claims of a "crisis" or a "mess".
 

Beachcomber

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Debt is the road to ruin.

Luckily the Russians dont have too big a debt.

Yep - the orange idiot Trump is going to have to borrow heavily in order to "increase spending on infrastructure and reduce taxes". He's also talking about heavy increases in spending on the US military.

Unless he's developed a magic money tree he's heading straight down the road the Reagan took - a massive increase in borrowing. Not that his idiot supporters understand deficits and debt of course. So long as they get a cut of the action they won't care about the source of the funding of Trump's out of control spending.
 

Happycamping

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i think theres a correction coming TBH.

Bar a brief period the night he was elected the stockmarkets gone spectacularly nuts and while his policies will work out great for business and banks i think its starting to get into the "overly optimistic" scale now.

i mean FFS the DOW is heading towards 21k.

even the business stations like CNBC are asking where the hell the value is getting into stocks now.

i'll put me hands up and say i could be well wrong but it feels like hysteria to me and im glad to have got out of my american stocks at the prices i got. i can see reality kicking in a few months down the line and the DOW getting back to 19k ,give or take the odd 500 or so.

itll all come down to trumps tax polices in the end and if anything happens to that 15%, or the one off 10% repatriation tax, then watch the fall out.

right now everyone seems to be betting on a promise.
I would be looking towards the ftse for value now rather than stateside.
 

callas

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Obama more than doubled the national debt from 8 to 20 trillion.
And that was to repair the mess left by the GW Bush Administration.

And it was on top of what George W Bush himself borrowed.

If you add it all up. GW Bush must have been the most expensive and disastrous president ever. Even though he inherited a boom.
 

owedtojoy

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The Orville Dam near collapse in CA says otherwise. There are also around 176000 bridges in dire need of repair.
So Congress would never give President Obama the funding to fix them .... Trump is not even going to try, just flog the infrastructure + tax breaks to his wealthy cronies at knockdown prices. His buddies will make fat profits making the public pay more. That is his plan.
 

Beachcomber

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How Trump’s stock market ranks in his first 30 days in office



So far so good .. increased spending on infrastructure, reduced taxes and loosened regulations promises seem to be just the ticket for the Markets?

But wait, their is more :D ... These tax cuts on the way - especially the promised corporation tax drop to 15%. Markets should really really go gangbusters then?

So thoughts guys? A blip? A huge correction on the way? Onward and upward?


The stock market represents the very thing that Trump is supposedly going to be taking on - the core of the Military Industrial Complex. Of course the MIC is glad to hear about massive increases in spending and lower taxes. That means more business and profits for them.

You mentioned FDR - he was deemed to be a socialist due to what he announced his plans to be. For some reason Trump isn't being called the same by his supporters.
 

Happycamping

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And that was to repair the mess left by the GW Bush Administration.

And it was on top of what George W Bush himself borrowed.

If you add it all up. GW Bush must have been the most expensive and disastrous president ever. Even though he inherited a boom.
Is it not the normal cycle nowadays that the reds blow the account and then the blues try to salvage what they can?
 

constitutionus

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Yep - the orange idiot Trump is going to have to borrow heavily in order to "increase spending on infrastructure and reduce taxes". He's also talking about heavy increases in spending on the US military.

Unless he's developed a magic money tree he's heading straight down the road the Reagan took - a massive increase in borrowing. Not that his idiot supporters understand deficits and debt of course. So long as they get a cut of the action they won't care about the source of the funding of Trump's out of control spending.
actually i think he' trying to go the "charlie McCreevy" route.

i.e halving the taxes and quadrupling the take as business "piles in".

certainly the trillions held off shore being repatriated would contribute to the infrastructural build bill alone. hell apples offshore cash pile coming back could pay for his "Wall" in and of itself.

:D

so i dont actually see him going the debt route. but its a hell of a gamble cause if it doesnt pay off, well.
 

Beachcomber

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The Orville Dam near collapse in CA says otherwise. There are also around 176000 bridges in dire need of repair.
So why didn't one of the Bushes, or Reagan deal with such problems?

Look at that graph - Obama is just about the same as Reagan when it comes to that debt measure, and way behind Bush 2.

What you are calling for are the socialist measures that people like you normally whine about.
 


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