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Dow Jones to 20k

By: Cactus Flower in ALEA | Recommend this post (0)
Fri, 09 Dec 16 7:43 PM | 65 view(s)
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Msg. 20417 of 54959
Jump:

In a fit of unusual generosity, I am going to assign to Trump the rise in the stock market since his election. The stock market is a forward-looking indicator.

Obama receives credit for the stock market's positive performance over his presidency but not looking forwards.

Now the stock market is looking at the world under Trump. Bank stocks in particular are rising, presumably in the expectation that they will be freed of the regulations Obama imposed after 2008. Obama cannot be responsible for that.

No. Trump gets the accolades for the recent run up. He also assumes the risks from here on. Any crash will belong to him too.

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