Dow Hits 19,000

[Ben]

The Dow hit 19,000 this morning. So much for the fiscal apocalypse. Now all they have left for making Trump look bad is Yellen manipulating interest rates.

From a selfish point of view, I wish this hadn't happened until after 01JAN, but I'll take it. :)

[K Frame]

My company's stock is going nuts again.

It had dropped quite a bit after hitting an all time high in the days after the election, now it's with in a few cents of that all time high again.

[Jamisjockey]

The one thing Trump is good for: Artificial bubbles.

[TommyGunn]

The one thing Trump is good for: Artificial bubbles.

.....And he's not even president yet.






It's  been "artificial" for....what?.....eight years now?    .....Longer even?

[MechAg94]

I was wondering if they would correct the BS unemployment calculations when they get in, but it might be best to wait a while.

[Ben]

I was wondering if they would correct the BS unemployment calculations when they get in, but it might be best to wait a while.

Yeah, given the crap Obama has done, Trump is going to need to be very careful regarding economic changes. I'm guessing almost anything, even of minor significance, is going to start up the roller coaster for the short term (at least through next year).

Kinda why I was hoping for the 19K to have not been broken til after JAN, so I could sideline some of my taxable account profits and not add to my tax hit this year. Right now I'm thinking I'll just let my Vanguard retirement stuff ride (and/or buy in at panic dips), and maybe move some of my TSP to the "F" and "Lifecycle income" funds as a hedge against any bubble bursts next year.

[grampster]

If I was in the market, I'd sell, sell, sell.  Yellen will raise interest rates and that will cause the market to collapse because the insiders know what is happening as they began to sell just before the looming announcement.  They will make billions.  Then interest will raise again in the spring and begin to creep up.  The wealthy have made their money in the sell off, business and industry will be picking up due to the cash injection into the economy rather than stocks and ordinary savings will again be the pillar it was, while the market settles down at around 9000.

[brimic]

If I was in the market, I'd sell, sell, sell.  Yellen will raise interest rates and that will cause the market to collapse because the insiders know what is happening as they began to sell just before the looming announcement.  They will make billions.  Then interest will raise again in the spring and begin to creep up.  The wealthy have made their money in the sell off, business and industry will be picking up due to the cash injection into the economy rather than stocks and ordinary savings will again be the pillar it was, while the market settles down at around 9000.

That.
Worse, the sell off will be in 'after market' and 'pre-market' trading, which most average middle class Joes aren't going to have access to when it happens. The stock market these days has a lot less to do with the performance underlying companies and more to do with the promise of cheap money from the Fed.