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Stocks surge to Record Close, have best start to a year since 2003

By MrMagic following x   2018 Jan 12, 1:09pm 6,514 views   61 comments   watch   sfw   quote     share    


Stocks rose to record highs on Friday after some of the major financial companies in the U.S. reported strong quarterly results.

The Dow Jones industrial average rose 197 points to an all-time high. J.P. Morgan Chase was among the best-performing stocks in the index, rising 1.1 percent.

The S&P 500 reached a record high, climbing 0.6 percent with industrials and consumer discretionary as the best-performing sectors.

The index was also enjoying its best 10-day start to a year since 2003. In that time period, the S&P 500 is up 4 percent. It gained 5.9 percent during the first 10 days of 2003.

The Nasdaq composite traded 0.6 percent higher and also hit an all-time high. Amazon shares rose 2.1 percent and broke above $1,300 for the first time.


https://www.cnbc.com/2018/01/12/us-stocks-earnings-season-dow-jp-morgan.html
#economics

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22   anonymous   ignore (null)   2018 Jan 26, 12:48pm   ↑ like (1)   ↓ dislike (1)   quote   flag        

Quigley says
With all the trillions returning from offshore corporate bank accounts (due to tax amnesty rate) building and infrastructure are going to be BOOMing! That means investment in equipment at unprecedented levels, which means boom time for American companies which provide such things (like Caterpillar).


What most people don't realize is where Trump came from. He did BIG business deals for decades in the TOUGHEST business market around, New Your City. If you can make things happen and be successful in that environment, all that experience will translate to making the US economy improve, YYUUGGEEELY.

If you've never worked or had to deal with all the crap in NYC, you won't be able to even fathom what the business climate is like in the 5 boroughs.
24   anonymous   ignore (null)   2018 Jan 26, 2:18pm   ↑ like (1)   ↓ dislike (1)   quote   flag        

Major stock indexes close at records as economy remains in growth mode.

All main stock benchmarks finished at records on Friday as latest data indicated the economy steadily expanded even if growth fell short of expectations. Robust earnings also supported stocks with health-care and tech shares leading the gains.

The Dow Jones Industrial Average gained 219 points, or 0.8%, to 26,612 to rise 2.1% for the week. The S&P 500 added 32 points, or 1.2%, to 2,872 for a weekly gain of 2.2% while the Nasdaq Composite Index climbed 94 points, or 1.3%, to 7,505, up 2.3% for the week.


https://www.marketwatch.com/story/major-stock-indexes-close-at-records-as-economy-remains-in-growth-mode-2018-01-26
25   Strategist   ignore (2)   2018 Jan 26, 7:56pm   ↑ like (1)   ↓ dislike (1)   quote   flag        

anon_d624b says
Major stock indexes close at records as economy remains in growth mode.

All main stock benchmarks finished at records on Friday as latest data indicated the economy steadily expanded even if growth fell short of expectations. Robust earnings also supported stocks with health-care and tech shares leading the gains.

The Dow Jones Industrial Average gained 219 points, or 0.8%, to 26,612 to rise 2.1% for the week. The S&P 500 added 32 points, or 1.2%, to 2,872 for a weekly gain of 2.2% while the Nasdaq Composite Index climbed 94 points, or 1.3%, to 7,505, up 2.3% for the week.


Every week seems to end in a record high. This is truly unbelievable.
I wonder what the stocks would have done if Hillary was President? My guess, it would have gone up 2% at the most.
26   FortWayne   ignore (2)   2018 Jan 26, 9:08pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Under SJW Hillary? We'd just have more empowered crazy feminists and other nuts parading the streets, economy would be stagnating, and more gender related crap on tv.
27   anonymous   ignore (null)   2018 Jan 26, 9:39pm   ↑ like (1)   ↓ dislike (1)   quote   flag        

Strategist says
I wonder what the stocks would have done if Hillary was President? My guess, it would have gone up 2% at the most.


Trump says the stock market would have been down 50% had Clinton won.

President Donald Trump told CNBC that if Hillary Clinton had won the 2016 presidential election, the stock market would have been cut in half.

Trump said Thursday in the exclusive interview from the World Economic Forum in Davos, Switzerland:

"Had the Democrat won — the stock market is up almost 50 percent since my election — had the Democrat won, I believe you would have been down 50. That's the direction we were headed. And you know, a lot of that, regulation. It was staggering. You could not do anything."

The stock market has had a historic run since Trump's election in November 2016. The Dow Jones industrial average has climbed 44 percent since then, notching scores of all-time highs along the way.

https://www.cnbc.com/2018/01/26/trump-says-the-stock-market-would-have-been-down-50-percent-had-clinton-won.html
28   BayArea   ignore (0)   2018 Jan 27, 4:08am   ↑ like (3)   ↓ dislike (0)   quote   flag        

Every time I bet against Trump I lose.

No more!
29   anonymous   ignore (null)   2018 Jan 27, 9:18am   ↑ like (1)   ↓ dislike (1)   quote   flag        

BayArea says
Every time I bet against Trump I lose.


anon_d624b says
What most people don't realize is where Trump came from. He did BIG business deals for decades in the TOUGHEST business market around, New York City. If you can make things happen and be successful in that environment, all that experience will translate to making the US economy improve, YYUUGGEEELY.


There are a few here that like to call him a "trust fund baby", but the reality is, he took millions in inheritance and turned it into a multi-BILLION dollar company, in the toughest area in the country to do business.

I wouldn't bet against that either.
30   Strategist   ignore (2)   2018 Jan 27, 2:26pm   ↑ like (4)   ↓ dislike (0)   quote   flag        

anon_e142a says
Strategist says
I wonder what the stocks would have done if Hillary was President? My guess, it would have gone up 2% at the most.


Trump says the stock market would have been down 50% had Clinton won.

President Donald Trump told CNBC that if Hillary Clinton had won the 2016 presidential election, the stock market would have been cut in half.

Trump said Thursday in the exclusive interview from the World Economic Forum in Davos, Switzerland:

"Had the Democrat won — the stock market is up almost 50 percent since my election — had the Democrat won, I believe you would have been down 50. That's the direction we were headed. And you know, a lot of that, regulation. It was staggering. You could not do anything."

The stock market has had a historic run since Trump's election in November 2016. The Dow Jones industrial average has climbed 44 percent since then, notching scor...


Good thing Trump won. I hate being poor. It sucks.
31   NuttBoxer   ignore (2)   2018 Jan 29, 2:30pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

mell says
Before Trump I'd have agreed with you


What's fundamentally changed about our economy that makes you say that?
Are dollars backed by gold and silver again?
Has the Federal Reserve stopped printing ad-nauseam?
Did we write-off the national debt?
Has the federal government agreed to halt all spending until the national debt is re-paid?

I haven't looked into Trump's changes, so I'm not sure if they actually do encourage free market or not. But even if they do, without the removal of those economic pillars I just listed, all they will be is too little, too late. Physics, math, and the free market all tell us economies that operate this way will not end well, and cannot recover without a correction, in this case severe. After which the mechanism that caused said boom-bust cycle must cease to operate, entirely.

I'm not calling Trump a clown, but this is just bread and circus's, prolonging the inevitable.
32   DASKAA   ignore (3)   2018 Feb 2, 12:20pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

anonymous says
Dow industrials poised for nearly 1,000-point weekly drop—biggest weekly setback in 2 years

S&P 500 on track for worst weekly decline in 2 years

All 30 Dow stocks are in the red as index dives 550 points


Yes, people are cashing out their 401k's to take advantage of the yuuuuge Bitcoin buying opportunity!!!
33   MrMagic   ignore (11)   2018 Feb 2, 1:37pm   ↑ like (5)   ↓ dislike (4)   quote   flag        

anonymous says
Dow industrials poised for nearly 1,000-point weekly drop—biggest weekly setback in 2 years

S&P 500 on track for worst weekly decline in 2 years

All 30 Dow stocks are in the red as index dives 550 points


Yes

Sell, Sell, Sell.... EJECT, EJECT EJECT, a 1000 point drop, Wall Street traders are jumping off of buildings!!!!

One year DOW chart:



Wait, False alarm.....

anonymous says
IS THIS THE DOTARD GOING TO TAKE CREDIT FOR THIS AS WELL ?


He should, don't those returns over the last year look wonderful?


anonymous says
Can we hear a big round of MAGA and WINNING now with the appropriate tweet from the Dotard congratulating himself on the performance of the market ?


Absolutely, Which year of Obama's 8 did we get returns like that?
34   lostand confused   ignore (0)   2018 Feb 2, 1:42pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

I wonder if it will head back to 22,000 or 23, 000 or even 19,000?
35   HeadSet   ignore (1)   2018 Feb 2, 1:44pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

Politics aside, are any of you going to see this a a buying opportunity?

I suspect that Monday morning may be a good time to buy before the market goes back up. I am eyeing two stocks that are now at their 52 week lows.
36   MrMagic   ignore (11)   2018 Feb 2, 1:46pm   ↑ like (3)   ↓ dislike (3)   quote   flag        

lostand confused says
I wonder if it will head back to 22,000 or 23, 000 or even 19,000?


There hasn't been a 5% or 10% correction for quite a while, it's been overdue. Plus, the financial markets have been waiting for the end of the current business cycle, which is two years over due too..
37   lostand confused   ignore (0)   2018 Feb 2, 1:46pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

HeadSet says
Politics aside, are any of you going to see this a a buying opportunity?

I suspect that Monday morning may be a good time to buy before the market goes back up. I am eyeing two stocks that are now at their 52 week lows.

I don't know, I think ti went up too fast.
I am thinking 22,000 or 23,000 maybe a floor before it goe sup again-but what do I know :)
38   MrMagic   ignore (11)   2018 Feb 2, 1:55pm   ↑ like (1)   ↓ dislike (3)   quote   flag        

HeadSet says
I am eyeing two stocks that are now at their 52 week lows.


That would depend what sectors/industry they are in. If they're related to the new tax plan and where the economy will benefit, it could be a good choice.
39   DASKAA   ignore (3)   2018 Feb 2, 2:25pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

anonymous says
Wonder how many have taken out loans against whatever including their homes, maxed out credit cards to buy Bitcoin or some other crypto currency


All the smart kids.
40   anonymous   ignore (null)   2018 Feb 2, 3:20pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

anonymous says
Does the spin cycle ever stop or should some technical help be called in ?


What spin? What technical help is needed? Market went up 35% the last year and dropped 5%?

Seems pretty clear, right?
41   MrMagic   ignore (11)   2018 Jun 26, 6:35am   ↑ like (0)   ↓ dislike (2)   quote   flag        

Feux Follets says
Cue the spin machine...


No SPIN, just FACTS... (Facts, those pesky things the Liberals hate).




Any Questions?
42   HEYYOU   ignore (23)   2018 Jun 26, 8:51am   ↑ like (1)   ↓ dislike (0)   quote   flag        

Does anyone know that any profit made is fiat?
Keep believing!
43   FortWayne   ignore (2)   2018 Jun 26, 8:52am   ↑ like (0)   ↓ dislike (0)   quote   flag        

Liberals hate success. They like “ekwality”.
44   MrMagic   ignore (11)   2018 Jun 26, 1:03pm   ↑ like (1)   ↓ dislike (1)   quote   flag        

Feux Follets says
When are the members of Team Trump going to have one 24 hour period on the forum without bringing up Obama, Hillary, etc, ?


Can't handle the truth?

Feux Follets says
Maybe one of these days we will get to see that awesome infrastructure plan ? Any idea how that is going to get paid for ?


https://patrick.net/post/1317014/2018-06-26-american-money-flowing-back-into-america-record-300-billion-repatriated-to-usa

How's that?

BTW, nice try on the FAILED re-direction.... again...

How is your 401K doing the past year and a half? Since you feel Trump is such a loser, I'm sure you didn't accept any of those gains, right?
45   DASKAA   ignore (3)   2018 Jun 26, 1:48pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Sniper says
How is your 401K doing the past year and a half?


Have you just assumed xyr gender, errrr , I mean, xyr employment status?
46   MrMagic   ignore (11)   2018 Jun 26, 3:10pm   ↑ like (1)   ↓ dislike (2)   quote   flag        

Feux Follets says
When are the members of Team Trump going to have one 24 hour period on the forum without bringing up Obama, Hillary, etc, ?


Feux Follets says
Again - can Team Trump go 24 hours on this forum without once bringing up Hillary, Obama etc. or is the attraction to high ?


Seems that there is only one person on this thread today who brought Hillary up more than once.

I wonder who that was?

Feux Follets says
Sniper says
BTW, nice try on the FAILED re-direction.... again...


Kindly learn some original retorts and refrain from plagiarizing the previous work of others.


Just pointing out the obvious, to those paying attention.
47   MrMagic   ignore (11)   2018 Jun 27, 6:19pm   ↑ like (1)   ↓ dislike (1)   quote   flag        

Feux Follets says
The Dow and S&P 500 blow their biggest intraday gain since February !


Here is my shocked face:

Yawn.....


2018: When 400-point stock swings became normal.
There were only eight days in 2017 when the S&P was up or down at least 1%. This year, stocks have moved 1% 23 times, and markets are on pace for the most volatile year since the financial system meltdown of 2008.

Unlike 2008, the economy is in fairly good shape.
http://money.cnn.com/2018/04/03/investing/large-stock-market-swings-volatility/index.html
48   RafiMaas   ignore (0)   2018 Jun 28, 5:04am   ↑ like (1)   ↓ dislike (0)   quote   flag        

Sniper says
Unlike 2008, the economy is in fairly good shape.

You forgot to say .... Thank you Obama.
49   MrMagic   ignore (11)   2018 Jun 28, 8:08am   ↑ like (1)   ↓ dislike (1)   quote   flag        

RafiMaas says
Sniper says
Unlike 2008, the economy is in fairly good shape.

You forgot to say .... Thank you Obama.


Obama is still President? I must have missed that.

Feux Follets says
Donnie still owns it. He's taken credit numerous times as it went up - owns it on the downslides as well


Absolutely, I'll take the last year and a half over the last few years of Obama any day.

As a refresher:







Feux Follets says
all of it and when the unemployment claims start rising, he owns that too.


Wait, he won't be able to blame Obama 3 years later, like Obama did to Bush numerous times?
50   RafiMaas   ignore (0)   2018 Jun 28, 11:46am   ↑ like (0)   ↓ dislike (0)   quote   flag        

Sniper says
RafiMaas says
Sniper says
Unlike 2008, the economy is in fairly good shape.

You forgot to say .... Thank you Obama.


Obama is still President? I must have missed that.


Trump has been president since 2008? I must have missed that.

Actually Obama was President from 2009 to 2017 and handed Trump a far better economy than was handed to Obama.
51   Rin   ignore (3)   2018 Jun 28, 12:34pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

Ppl, forget about cap gains in the markets. Yes, we've had an extended bull run which is due for correction.

On the other hand, if the market does nosedive, like let's say a 30-40% crash, what will happen to those who hold dividend yielding stocks? Those yields will spike from 2.5% to 10-12%. And thus, if you use the dividend reinvestment program, you'll add even more stocks to your portfolio so that when the markets goes up again, you'll have an even better portfolio.

Is this not obvious? Here's a dividend reinvestment calculator which compounds your quarterly dividends, adding more shares to your bucket.

https://dqydj.com/stock-return-calculator-dividend-reinvestment-drip/

Here's RJ Reynolds, now Reynolds America (RAI) prior to the 2008 crisis, date range of Jan 2006 to Jan 2014 ...



Despite an overall major market crash, in the middle, your portfolio went from $10K to $32K. And that's because you'd invested in a firm which either maintains or raises its dividends per share.

When you reach retirement age, you stop re-investing dividends and simply use those dividends to pay your bills. Ppl, this isn't all that complicated.
52   PrivilegedtobeWhite   ignore (1)   2018 Jun 28, 7:22pm   ↑ like (2)   ↓ dislike (0)   quote   flag        

RafiMaas says
Actually Obama was President from 2009 to 2017 and handed Trump a far better economy than was handed to Obama.
Lol...the stock market doesn't mean a booming economy. Anyone can do well in the stock market when there's record easy money policies. The fact that the Fed is raising rates is a compliment to the Trump administration because it means they trust the economy enough to tighten.
53   MrMagic   ignore (11)   2018 Jun 29, 8:29am   ↑ like (5)   ↓ dislike (1)   quote   flag        

PrivilegedtobeWhite says
Lol...the stock market doesn't mean a booming economy. Anyone can do well in the stock market when there's record easy money policies.


and also print and inject $4 TRILLION into the economy to prop it up. I wonder why the market flatlined between 2014 and 2016 when the free money, QE flow was turned off?

54   Herdingcats   ignore (0)   2018 Nov 27, 6:26am   ↑ like (0)   ↓ dislike (0)   quote   flag        

Are we at DOW 30,000 yet? 27,000?
55   Herdingcats   ignore (0)   2018 Nov 27, 6:30am   ↑ like (0)   ↓ dislike (0)   quote   flag        

PrivilegedtobeWhite says
The fact that the Fed is raising rates is a compliment to the Trump administration because it means they trust the economy enough to tighten.


We saw how the fed raising rates worked out for Bush in 2007 after he cut taxes in his Presidency.
56   HEYYOU   ignore (23)   2018 Nov 27, 12:43pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

We had a 1929-1939, it will never happen again?
What's the national debt compared to the total currency?
No problem,print more fiat.
57   NuttBoxer   ignore (2)   2018 Nov 27, 1:54pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

PrivilegedtobeWhite says
RafiMaas says
Actually Obama was President from 2009 to 2017 and handed Trump a far better economy than was handed to Obama.
Lol...the stock market doesn't mean a booming economy. Anyone can do well in the stock market when there's record easy money policies. The fact that the Fed is raising rates is a compliment to the Trump administration because it means they trust the economy enough to tighten.


Fed is raising in an attempt to seem in control. They aren’t the primary driver behind rates going up. All they can do is print until their inflation crashes the economy.
58   Goran_K   ignore (1)   2018 Nov 28, 1:46pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Herdingcats says
Are we at DOW 30,000 yet? 27,000?


Just had a 617 point swing today on news the FED wont touch rates in December. 26,000 right around the corner.
59   PrivilegedtobeWhite   ignore (1)   2018 Nov 28, 2:45pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

I'm more worried about their secretive quantitative tightening, which will have a much bigger impact. They may hold FFR steady, but they continue to roll off billions of $s in long term bonds and mortgage assets.

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