DOW ▲ 26,031.81 +181.18

[anatta]

nice..so where is this recession the Dems were screaming about?

[cawacko]

nice..so where is this recession the Dems were screaming about?

Don't fall into this trap. The dow can go up and a recession can still come. The stock market is not the economy nor is it a score card.

[Truth Detector]

Liberals do not like good news like....wages are up, unemployment at a 450 year low, stock market continuing to climb and GDP over 3%. How sad to be part of an ideology that hates America and wishes bad things on Americans.

[anatta]

Don't fall into this trap. The dow can go up and a recession can still come. The stock market is not the economy nor is it a score card.

I realize that. But this isn't an outlier.
I think we get GDP Q4 end of this month -( which means GDP-2018 as well) and all signs point to an annual 3+%

Then look at the jobs, and the reversal in good jobs like manufacturing from when Obama lost them.

Wages are up..it's all good.
Of course I'm still worried about the global slowdown but the USA economy is the best in the world -
TY Trump for the tax cuts and deregulations

[Bourbon]

Weren't we at the same place the first week of December?

... and the first week of November

... and the first week of October

[cawacko]

I realize that. But this isn't an outlier.
I think we get GDP Q4 end of this month -( which means GDP-2018 as well) and all signs point to an annual 3+%

Then look at the jobs, and the reversal in good jobs like manufacturing from when Obama lost them.

Wages are up..it's all good.
Of course I'm still worried about the global slowdown but the USA economy is the best in the world -
TY Trump for the tax cuts and deregulations

Just remember that on the whole the Fed is the largest driver of the stock market's performance. (Most people on this board know very little about what drives the market)

[Legion]

Waiting for a liberal to give Obama the credit.

[anatta]

Just remember that on the whole the Fed is the largest driver of the stock market's performance. (Most people on this board know very little about what drives the market)

Ok but the SM does have SOME relevance to an economy, and I'm far from an expert, but I don't see any bubbles except the usual from QE

[cawacko]

Ok but the SM does have SOME relevance to an economy, and I'm far from an expert, but I don't see any bubbles except the usual from QE

For sure the President and their policies play a role as does geo-politics and world events. But on the whole the Fed is the biggest driver. And we can look at the Obama years when the stock market boomed and the economy didn't as an example of the stock market not being the economy.

Remember the thing with bubbles is they are often hard to see when you are in them.

[Cypress]

nice..so where is this recession the Dems were screaming about?

The Dow is down, or flat, since Trump's trickle down tax cut scheme passed, despite promises and predictions to the contrary.

Your trickledown tax cuts have left us with trillion dollar deficits, and have structurally left us in a worse position to deal with a down turn.

I hope that your president does not bring a screeching halt to the decade-long Obama Economic Recovery, but conventional wisdom is that Trump is steering us towards a recession later this year.

[Althea]

The Dow is down, or flat, since Trump's trickle down tax cut scheme passed, despite promises and predictions to the contrary.

Your trickledown tax cuts have left us with trillion dollar deficits, and have structurally left us in a worse position to deal with a down turn.

I hope that your president does not bring a screeching halt to the decade-long Obama Economic Recovery, but conventional wisdom is that Trump is steering us towards a recession later this year.

Please explain to him that the Dow has more to do with share buybacks, and nothing to do with the economy. Thanks

Howard Silverblatt, senior index analyst at S&P Dow Jones Indices, says lower stock prices will increase the effectiveness of a potential stock buyback. Lower stock prices "would increase the number of shares a company can buy with the same expenditure and further increase the EPS tail wind," he said.
Most analysts agree that stock buyback levels in 2019 will be similar to last year. With stock market volatility back on the rise, stock buybacks could be a steadying force in a sea of volatility.


Impact Of Trump Tax Cuts

Trump signed the Tax Cuts And Jobs Act on Dec. 22, 2017. The tax law cut the corporate tax rate from 35% to 21%, the lowest since 1939. It also allowed companies to repatriate $2.6 trillion held in foreign cash stockpiles, paying a one-time tax rate of 15.5% on the cash transfers.
The tax plan left many companies, particularly large-cap global firms, with strong reserves of cash. Some companies increased wages or handed out bonuses, including insurance company Aflac (AFL), American Airlines (AAL) and shipping giant FedEx (FDX). Others put that cash to use in the form of extensive buyback programs, rewarding shareholders with boosted stock prices.
According to data from S&P Dow Jones Indices, stock buybacks by companies in the S&P 500 index climbed to $720.4 billion in the 12 months ended in September 2018, with about $203 billion in Q3 2018 alone. While end of the year figures have yet to be finalized, Silverblatt says it was a record year. Investment research firm TrimTab says U.S. companies spent $1 trillion.

[LV426]

Wow, great.

It only took 13 months to get us back to where we started.

[LV426]

For sure the President and their policies play a role as does geo-politics and world events. But on the whole the Fed is the biggest driver.

No it's not...not for 2018. Your Russia Tax Cut was the biggest driver of market turmoil, and we're only now back to where we were 13 months ago.

And we can look at the Obama years when the stock market boomed and the economy didn't as an example of the stock market not being the economy.

I wouldn't say the market "boomed" during Obama, since he left office with the Dow at about 19,000...which is only 6,000 above its peak from 2007. Obama had to recover most of the losses from your Tax Cut and Deregulation-caused Conservative Recession.

Remember the thing with bubbles is they are often hard to see when you are in them.

So if Obama's market was a bubble, why hasn't it popped and returned back to what it was prior to Obama?

[floridafan]

Liberals do not like good news like....wages are up, unemployment at a 450 year low, stock market continuing to climb and GDP over 3%. How sad to be part of an ideology that hates America and wishes bad things on Americans.

You promised a 3% GDP growth for 2018. It never fucking happened. little cunt

[LV426]

I think we get GDP Q4 end of this month -( which means GDP-2018 as well) and all signs point to an annual 3+%

Which means nothing to most workers since GDP has little to do with their wages and savings.

So great, you got *maybe* 3% growth in 2018, but at what cost? A flat market, a larger federal deficit, no wage growth for most workers, and record stock buybacks.

#winning by #losing