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trump's 'miracle' Stock Market? He's full of shit. (Original Post) crazytown Jan 2020 OP
Keep in mind Pantagruel Jan 2020 #1
Five Stocks are driving the Value Wellstone ruled Jan 2020 #2
Was he crowing a year ago when it dipped back to zero gains TexasBushwhacker Jan 2020 #3
Trump is still riding the Obama economy... Wounded Bear Jan 2020 #4
hey axios- who's getting rich on those tweets. mopinko Jan 2020 #5
 

Pantagruel

(2,580 posts)
1. Keep in mind
Wed Jan 1, 2020, 01:44 PM
Jan 2020

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)
2. Five Stocks are driving the Value
Wed Jan 1, 2020, 02:01 PM
Jan 2020

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)
3. Was he crowing a year ago when it dipped back to zero gains
Wed Jan 1, 2020, 02:02 PM
Jan 2020

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)
4. Trump is still riding the Obama economy...
Wed Jan 1, 2020, 02:04 PM
Jan 2020

with a bit of a sugar rush from the tax cuts. It's been feeling kind of 'bubble-like' for a while now.

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