General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forumspangaia
(24,324 posts)that's what's up.
That should say something...
still_one
(92,787 posts)elleng
(132,400 posts)Maybe this??? Fossil fuel ally? http://www.nytimes.com/2016/12/07/us/politics/scott-pruitt-epa-trump.html?ref=business&_r=0
Shored up insider trading law? http://www.nytimes.com/2016/12/07/business/dealbook/supreme-court-shores-up-insider-trading-law.html?src=busln
still_one
(92,787 posts)financials. No doubt your links add credibility to that. The word I guess would be anticipation of deregulation
elleng
(132,400 posts)and probably sector specific.
May listen to PBS' Nightly Business Report.
elleng
(132,400 posts)Committee hearing covered on PBS.
Industrials and financials high;
consumer discretionaries up. >>>
Drugs not part of the highs.
still_one
(92,787 posts)Calculating
(2,966 posts)But I'm loving it. Up $1700 today alone.
Wellstone ruled
(34,661 posts)major events. One major event will be huge Tax breaks for the 1%ers with it being retroactive to Jan,1 2017. Two,trillions in borrowing for Republican friends as paybacks for Campaign support. Three,number two paid for via elimination of ACA,major cuts in Medicare,Medicade,and Social Security. What this says,the Republican Party has written off 47% of the Populace as not needed for them to succeed.
Maru Kitteh
(28,377 posts)And it's been given the green light to run us over, freely and with abandon.
We are fucked.
taught_me_patience
(5,477 posts)they'd be making billions working for Warren Buffet.
linuxman
(2,337 posts)msongs
(67,850 posts)GummyBearz
(2,931 posts)And now we all get rich
still_one
(92,787 posts)inherited
Amishman
(5,571 posts)Stock market is a balloon and the federal reserve is the pump.
still_one
(92,787 posts)el_bryanto
(11,804 posts)Now that the worst has happened, they can plan on what to do.
Bryant
Hortensis
(58,785 posts)and the opening of the taxpayer till like a giant candy jar for business. Even business leaders who deplore Trump recognize that choosing to lose out would change nothing.
Yavin4
(35,542 posts)This is nothing more than an over-exuberant reaction to lower taxes and de-regulation. They're ignoring the soaring debt, budget deficits, and inevitable higher interest rates to come. Sell now and hold cash.
mnhtnbb
(31,537 posts)positions in equities.
I am all cash. Sold everything the day after the election. At 65 I can't afford to lose 20% overnight and wait
8-10 years for a recovery. I may need what's in that IRA when the Republicans fu*k my Medicare and Social
Security.
Republicans in the White House are historically bad for the stock market.
Nancyswidower
(182 posts)You say "...the soaring debt, budget deficits, and inevitable higher interest rates to come"...why weren't there soaring interest rates under POTUS Obama...debt nearly doubled over Shrub's numbers during Obama's 8 years...really you want these as financial advice standards?
Serious question.
Yavin4
(35,542 posts)Now that the Republicans control the world, they can cut taxes and increase spending--mostly on defense and corporate welfare--which will mean higher annual budget deficits. Also, since UE is under 5%, there's no longer a rationale for the Fed to keep interest rates low.
Rates will climb which will hamper stocks.
Nancyswidower
(182 posts)And you should know better. If you don't... NOBODY should take financial advice from you.
dawg
(10,634 posts)They are also pricing-in a huge infrastructure program and a large increase in defense spending.
still_one
(92,787 posts)Corporations will soon be paying next to nothing in Taxes. Profits go up.
Lower or no minimum wage, profits go up.
No actual regulation on anything, SEC, EPA...for all intents are non-functioning. Profits go up.
doc03
(35,615 posts)economy. The bond market is going in the dumper because investors are anticipating massive deficits and exploding interest rates.
Nancyswidower
(182 posts)As an investor....I've seen nothing that supports your claim by any statement from my FA.
Don't throw bombs...into a possibly confused market...unless you are hoping for a crash...and take some of us down with your hope of a crash.
doc03
(35,615 posts)on Tom Hartmann's radio show the bond market has lost 2 trillion dollars in value since Trump's election, the reason when interest rates go up bond values go down. The bond market is anticipating higher interest rates. People are moving out of the bond market into equities that is what is driving the stock market gains IMO. If Trump cuts taxes, increases defense spending, gets his infrastructure spending and gets rid of the parts of the ACA he doesn't like the deficit will explode. Tom Hartmann had David Stockman (former Reaganomics guru) on his show this morning and he was in total agreement with Tom that we are heading for a crash. I am just a person that has some investments just giving my opinion, if you listen to the experts half think we are in for the great depression and the other half think it is happy days. People have to make their own decisions I certainly wouldn't take much stock in anything I read on a message board.
hatrack
(59,704 posts)Fuck consumers, steal, sell worthless paper, fiddle the algorithms, pump and dump - doesn't matter, nothing will happen to them, ever, for criminal behavior.
pamdb
(1,337 posts)Well today is the first day my stuff has been up. Until today it starts ok
ok in the morning and then goes steadily down. It's like it was before the election.
vi5
(13,305 posts)We have a President elect who has just appointed an army of foxes to guard every henhouse we have, and most companies are just sitting at the table with napkins tucked under their chins and fork and knife ready to go.
I always laughed when people said "Oh noes! Wall Street/The Stock Market/Businesses don't want President Trump! It will be a disaster!". Yeah, that feeling was based on the fact that Trump was talking about protectionist/isolationist moves that would drive up costs. Anyone with two brain cells to rub together could have told you that he wasn't going to do any of that stuff and that instead he would just open up the trough for all the monied pigs to do what they wish. And this stock market increase is going to do just that.
meow2u3
(24,829 posts)ready to burst as soon as Orange Julius is crowned emperor.
shanen
(349 posts)The old brokers' saying goes "Buy on the rumor, sell on the news."
Right now they are buying on the rumors, and all the buying is driving the share prices up.
Later on, they will start getting the actual news, and they will start selling. A lot. Prices will be corrected. And how.
My own speculation on the worst news Trump will create would be a combined trade war and cyber war with Trump versus an alliance of China and India on the other side. Probably mediated via Nigerian mercenary hackers to keep their hands relatively clean. The problem is that the United States is tremendously dependent on computers and has almost no cyber defenses, while the Chinese are probably the worlds' leaders on the defense side, in addition to being much less vulnerable to attack. The Donald is still larning about "the cyber".
By the way, just reading some mathematical history and it talks about how tally sticks were involved in the origin of the word "stock" itself. You see they had these split sticks, and the monetary values were recorded in notches that went across the split. Each side kept one half of the split sticks...
uponit7771
(90,444 posts)gollygee
(22,336 posts)And they probably like that.