Author Topic: Trump rally could mark biggest postelection stock market rise since Hoover  (Read 515 times)

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Offline corbe

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Trump rally could mark biggest postelection stock market rise since Hoover

By Sue Chang

Published: Dec 13, 2016 6:50 a.m. ET


Mania phase could stoke stock markets to new heights.

If the postelection stock market rally continues at its current pace it could be the largest stretching back to the gains scored in the wake of Herbert Hoover’s 1928 election victory.

Major indexes are trading at record levels with the S&P 500 SPX, +0.51%  up more than 5% and the Dow Jones Industrial Average DJIA, +0.46%  rising 7.8% since Nov. 8 over optimism that President-elect Trump will usher in a new era of economic boom on the back of higher fiscal spending and pro-growth policies.


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http://www.marketwatch.com/story/trump-rally-could-mark-biggest-postelection-stock-market-rise-since-hoover-2016-12-12


No government in the 12,000 years of modern mankind history has led its people into anything but the history books with a simple lesson, don't let this happen to you.

Offline corbe

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   We all know how that turned out.  DJT could be our next FDR!
No government in the 12,000 years of modern mankind history has led its people into anything but the history books with a simple lesson, don't let this happen to you.

Offline goatprairie

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One of my very liberal stepdaughters told the wife and me to get our money out of the SM because it would crash if Trump got elected.
Well, we've endured several great slumps, and what goes up must come down.  But for some reason many libs believe liberal economic policies help the stock market. They cannot explain why, but that's what they believe.
The market and other investment areas are for the long haul.  There might be a sell-off in the near future, but the "experts" have been predicting an imminent crash for five years or more. It hasn't happened yet. If you have stocks just monitor them carefully...but don't obey scare voices.

geronl

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This is stupid. When Trump policies cause the economy to crash these same people will say he had nothing to do with it

Offline Fishrrman

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From the article:
"If the postelection stock market rally continues at its current pace it could be the largest stretching back to the gains scored in the wake of Herbert Hoover’s 1928 election victory."

Yipes, that don't sound all that great, when you think about it...  ;)

Offline jmyrlefuller

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Irrational exuberance indeed.
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