General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forumstrump's 'miracle' Stock Market? He's full of shit.
https://www.axios.com/trump-stock-market-gain-obama-bush-d4f951ec-1fd7-4b53-bb4e-b33d4e91df37.html
Pantagruel
(2,580 posts)corporate profits are the greatest determinant of stock prices.
At the expense of the deficit, Trump and the GOP slashed corporate tax rates.
That extra profit was supposed to go to new hiring and capital spending, in fact, most has gone to stock buybacks. Buybacks shrink the supply of shares and by definition increase share prices.
Unlike the Obama Rally, the gains under trump are artificial and subject to an inevitable, painful reversal.
Wellstone ruled
(34,661 posts)numbers of the Dow and the Nasy. All the rest have had very modest increases,stayed the same,or decreased in monetary value.
Watch for some massive movements concerning ETF's. Hedge Funds are closing down and refunding and they were the ones pumping ETF's.
TexasBushwhacker
(20,220 posts)Considering we've had 10 years of growth, we're due for a correction soon, no matter who gets elected.
Wounded Bear
(58,726 posts)with a bit of a sugar rush from the tax cuts. It's been feeling kind of 'bubble-like' for a while now.
mopinko
(70,261 posts)that's the stock market info i want.