DJIA 20K

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Fife
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DJIA 20K

Post by Fife » Wed Jan 25, 2017 12:22 pm

We have some smart cookies around here regarding the stock market.

What's everyone's opinion on if this is a good sign, a bad sign, not important? And what caused this latest bump? What's going on with the money supply? &c, &c.


Dow breaks 20,000 milestone
The Dow Jones Industrial Average finally broke through the psychologically important 20,000 barrier for the first time Wednesday, continuing a sharp rally that began after Donald Trump’s election as the nation’s 45th president.

The Dow, which rose 134 points to 20,046 in midday trading on Wednesday, is now up over 1,700 points, or around 9 percent, since Trump’s stunning victory over Hillary Clinton in November, defying some predictions that a win by the unpredictable Republican could hurt stock prices.
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adwinistrator
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Location: NY

Re: DJIA 20K

Post by adwinistrator » Wed Jan 25, 2017 12:26 pm

Volatility generates volume, lots of people are looking to read the tea leaves and place their bets.
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Ex-California
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Re: DJIA 20K

Post by Ex-California » Wed Jan 25, 2017 12:28 pm

Its MAGA?
No man's life, liberty, or property are safe while the legislature is in session
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Speaker to Animals
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Re: DJIA 20K

Post by Speaker to Animals » Wed Jan 25, 2017 12:47 pm

It's pointless. What matters is actual production, joblessness, and consumer sentiment. The stock market is a poor indicator for the economy as a whole.
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apeman
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Re: DJIA 20K

Post by apeman » Wed Jan 25, 2017 12:50 pm

What could be more bullish than tariffs?
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Alexander PhiAlipson
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Re: DJIA 20K

Post by Alexander PhiAlipson » Wed Jan 25, 2017 12:53 pm

Optimism feeds itself.
"She had yellow hair and she walked funny and she made a noise like... O my God, please don't kill me! "
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Speaker to Animals
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Re: DJIA 20K

Post by Speaker to Animals » Wed Jan 25, 2017 12:57 pm

apeman wrote:What could be more bullish than tariffs?
Cocaine on a stripper's ass?
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apeman
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Re: DJIA 20K

Post by apeman » Wed Jan 25, 2017 1:00 pm

Speaker to Animals wrote:
apeman wrote:What could be more bullish than tariffs?
Cocaine on a stripper's ass?
Image
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SuburbanFarmer
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Re: DJIA 20K

Post by SuburbanFarmer » Wed Jan 25, 2017 1:28 pm

It's meaningless. Nobody gives a shit about the Dow, and certainly not about it hitting a round number.

If you're referring to the broader market though, it's completely out of reality, and has been for some time now. Makes me really want to short some stocks.
SJWs are a natural consequence of corporatism.

Formerly GrumpyCatFace

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Speaker to Animals
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Re: DJIA 20K

Post by Speaker to Animals » Wed Jan 25, 2017 1:39 pm

Not the right time to short the whole thing, but that day fast approaches. This is when you can get rich in the markets.
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