DOW to 20,000 today?!!

[ghuns]

All was quiet at the NYSE today. My wife and I took the opportunity to take stock.

Wait... You are in the People's Republik of New York?

But... You can't carry a gun there.

Why in the name of INGO would you put your, and your lovely wife's, life at risk like that?

Tell us the truth; how many times have you been mugged and assaulted since arriving unarmed?

Oh and... Have a great time.

 

[hoosierdoc]

Dow to 25,000 today?!

 

[indiucky]

Dow to 25,000 today?!

It's coming Doc...It's coming....

 

[rhino]

I probably should have made my Roth IRA contribution for the year a bit . . . earlier.

Dollar cost averaging is something I used to do. I'm not smart.

 

[indiucky]

Dollar cost averaging is something I used to do. I'm not smart.

Easy there buddy...Lot's of smart guys cut themselves daily with their knives...Don't be so hard on yourself...

 

[rhino]

Easy there buddy...Lot's of smart guys cut themselves daily with their knives...Don't be so hard on yourself...

HEY! That's not fair. I haven't cut myself daily for, like, three or four weeks. Six days in a row do not a week make!

 

[longbarrel]

It's coming Doc...It's coming....

So is a huge correction

 

[indiucky]

So is a huge correction

Yes...For as long as the stock market has been in existence there is always a correction at some point...

 

[BugI02]

Reversion to the mean

 

[indiucky]

25,000.....

[h=1]Dow Industrials Cross 25000 for First Time[/h][h=2]Should it close above that mark, milestone would represent the fastest 1,000-point gain in the blue-chip index’s history[/h]
https://www.wsj.com/articles/global-stocks-extend-gains-1515034296

 

[Kirk Freeman]

Must . . . not . . . look . . . at SEP totals. Must, not, look.

 

[indiucky]

Must . . . not . . . look . . . at SEP totals. Must, not, look.

 

[Kirk Freeman]

Construction boom coming for 2018: https://www.cnbc.com/2018/01/05/by-all-measures-a-construction-boom-is-shaping-up-for-2018.html

 

[hoosierdoc]

Construction boom coming for 2018: https://www.cnbc.com/2018/01/05/by-all-measures-a-construction-boom-is-shaping-up-for-2018.html

Oh no, think of all the increased carbon emissions from construction and people driving to their new jobs!!!

and suddenly people realize that Obama was intentionally throttling back our economy with taxes and regulation. Trump is removing both hurdles and there’s going to be millions with whiplash because their place in life is accelerating so fast

 

[Kutnupe14]

And now you see why you don't pass massive tax cuts during a good economy. If this correction goes to 20%, hold on to your seats. Don't look at your 401K, because that tax cut you got from the president won't cover it... not by a longshot.

 

[foszoe]

Why didn't Trump tweet out about the DOW and take credit for it?

 

[BugI02]

Because he knows there is no shortage of other voices salivating to credit him for anything bad?


Still up 6013 from when he was elected

Still up 5518 from when he was inaugurated

I'm long in stocks. I'll take it

 

[Tombs]

And now you see why you don't pass massive tax cuts during a good economy. If this correction goes to 20%, hold on to your seats. Don't look at your 401K, because that tax cut you got from the president won't cover it... not by a longshot.

That's not how the economy works.

Feds set interest rates basically at nothing, economy went crazy, inflation went crazy. Since inflation is skyrocketing, speculation that interest rates will be hiked began.

Hints, the markets throw a tantrum.

It takes serious mental gymnastics to tie this to anything even involving our government, much less the tax cut.

 

[Kutnupe14]

That's not how the economy works.

Feds set interest rates basically at nothing, economy went crazy, inflation went crazy. Since inflation is skyrocketing, speculation that interest rates will be hiked began.

Hints, the markets throw a tantrum.

It takes serious mental gymnastics to tie this to anything even involving our government, much less the tax cut.

That's exactly how the economy works. You pass a massive tax cut, during an already good economy, and if the market tanks - pain.

 

[ATM]

"So what you're saying is..."

the market economy is driven by theft.

Interesting.