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(56,315 posts)
1. i think the markets are responding to a better economy.
Wed Dec 28, 2016, 04:04 PM
Dec 2016

strong showing in q3 for gdp, and more encouraging statements from the fed. that largely explains the full extent of the recent increase, which is hardly surprising in a market that has gone up steadily for 8 years.

toxic trump's oval office grab explains some of the gyrations for a day or very few immediately after the election, but not much else, notwithstanding cnbc's blatant propaganda effort in calling this the "trump rally".

what toxic trump does is mostly at this point guesswork, whereas hillary would have been rather predictable, between here actual sanity and the political gridlock that would have resulted from republicans still controlling the house, at least.

remember when cnbc for years kept complaining about "uncertainty" holding back the market? well, can't get much more uncertain than an insane idiot in the white house, yet oh, suddenly that uncertainty is the cause of the increase? yeah, right.

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