Profit taking will be next.

Racism. That's how they can hate him so much.

continues to this day. Of course, the Traitor-in-Chief takes credit for it.

The day they realized that Hillary Clinton would not be POTUS 45, the markets started going up.

Obama was President when the stock market went from 6700 to 19000. Almost 300% !!

The loss of this last election was big.

Less than .2%

the markets are forward-looking. a *huge* part of the "trump effect," (to the extent the market rise wasn't just a continuation of the obama effect), was anticipation of a tax change that would massively benefit shareholders.

they've been running up to this moment. when the moment passes, they'll cash in. what's to justify further upward stock movement? what's the next great thing coming out of washington? is cutting social security going to help stock prices? not really. what else is on the agenda? nothing, really.

oh, and let's not forget the rising interest rate environment, never a good thing for stocks, though admittedly we're still historically low.

hopefully, the economy is strong enough to withstand mismanagement from washington, but there aren't a whole lot of great bullish signs at this point.

Since Trump was elected investors have been investing, not based on higher profits, but on speculation that policy changes would increase profit by corporations and justify higher prices.

Now that it has been achieved there are no other factors that would indicate that there will be any other increase in corporation profits or share prices so people will start taking their profit.

In addition there is an expected mass exodus of cabinet level people after they finish their first year of employment and qualify for capital gains relief.

It has peaked.

Its amazing that people still don't understand buying on anticipation and selling when its a done deal.

Use the windfall to buy back stock and push up PE ratios.