Stocks traded higher in the wake of President Donald Trump’s first State of the Union Address to Congress.
The Dow Jones industrial average climbed 200 points to over 21,000 for the first time, as stocks hit all-time highs on Wednesday.
The Dow soared to over 20,000 in the wake of Trump’s landslide victory over Hillary Clinton in November.
The national news media — mostly comprised of bitter Clinton supporters — have been slow to credit Trump’s election win with the overall optimism in the stock market.
Quincy Krosby, market strategist at Prudential Financial, said the speech’s tone “has gone a long way for the market” as it “assuaged fears that his agenda was not going to be able to be passed.”
Trump addressed a joint session of Congress for the first time on Tuesday. He entered to a prolonged 5 minute ovation. His speech unified both parties — and the national media, which has dogged Trump at every turn and attempted to sabotage his presidency.
Even stalwart Trump critic Van Jones was moved by Trump’s speech on Tuesday.
“He became President of the United States in that moment, period,” the CNN commentator said emphatically on Anderson Cooper’s 360.
“For people who have been hoping that he would remain a divisive cartoon, which he often does, they should be a little worried tonight,” he added.
Blah
lmaoooooooo
Well isn’t that niiice. Let’s not get too excited, though, time will tell.
Its always been about him and his rich friends making more money… that he still won’t pay taxes on..
Not surprised. The market has always been easily manipulated?
My 401k loves it, however Republicans like to spend, spend and not pay for it this will change in the coming months.
Anyone invest outside of their 401k?
I do.
What were your top 2 investments last year?
Actual money made, not percentage increase.
I want to but I know a nurse who lost a LOT with the crash in 2008
Vanguard index fund acct
That picture up top though…
My come-away from last night’s Presidential address to the joint session of Congress:
You can put lipstick on a pig,
https://uploads.disquscdn.com/images/df61563ad18d90fccb7f46d898fcbc6b05738dd8df4659f22837d7d663592fb3.jpg
https://uploads.disquscdn.com/images/1f22fc8831e1c61b4984145538004ac1cf453fb6aca339b330ed60f19ee3affb.jpg
but it’s still a pig.
Boom?
BOOM
….and it will soon take a swan dive?<—pretend it's a swan…
NVIDIA, the spouse is into those tech companies so he invests in all kinds of shit anything with apps he likes.
New OPEN POST
Yeah, they make the Shield. It’s probably the best set top box, but it hasn’t caught on.
I use a Fire TV.
I’m sure he turned a profit off of this as well.
DO you think he’ll pay taxes for it and other earnings for 2017?
What goes up, must come down. Be ready for the crash 2018.
So were not getting a Fact Checking post on what was said or a ratings post ?
Hot & heavy= crash + burn
The law of gravity is unimpeachable . . . and cannot be gerrymandered or manipulated
Finally he made “some ” sense last nigh?
Still don’t like his bish A$$ tho..
His speech was amazing. He was indeed the President in that moment as even Van Jones said. The critics had to resort to picking on the widow of the Navy seal because President Trump’s speech was so magnificient.
Those of us who are Trump supporters know that President trump has always
The Democratic Party made themselves look so stupid last night. They sat on their butts when Ryan’s widow received a standing ovation. They sat on their butts when President Trump spoke being the president of America as opposed to being a globalist puppet like 0bama.
The women looked so silly wearing white just because they are STILL mad that Hillary Clinton lost.
Wow, Van Jones said that!
It was so tacky of them to pick on that widow but the “Alt-Left” have no boundaries. I mean why wouldn’t she like what President Trump said about her late husband.
Aww the applause was so sweet for that widow. oh yeah, the inexperienced president ordered her husband and others in harms way for no reason. f that applause. Trump just reiterated the same mess he been saying. Wall, Chicago, inner cities, obamacare is a mess and repeal and replace and america first.
black people if you like ,learn how to trade stock options.You could have purchased 10 call contracts of ( bac) Bank of America.17 bucks I think per contract and you could have made a couple of thousands because of dummy Trump’s speech.Market went up because of dumb dumb speech
Please let people know; I don’t know why everyone is celebrating this? I’m thinking of putting more money under the mattress.
“But the market highs were not sustainable. Stocks had sailed past their actual value as investors paid any price for them. And when stocks are soaring past their true value, a stock market bubble is inflating.”
http://wallstreetexaminer.com/2017/02/warning-signs-stock-market-crash-coming/
True, but he hasn’t gone up yet.
It’s getting old and it’s making the Democratic party lose support. They’re coming off as a bunch whiners with no plan but to wear white or hates on their heads that say Puxxies. What has President Trump done to infringe on women’s rights? Absolutely nothing.
They hit new low. Now they’re attacking Van Jones. Just a bunch of liberal animals.
So you want the US economy to fail?
Boom ???? it was already up there though let’s not pretend he brought it up from a low low number ??? https://uploads.disquscdn.com/images/12129250700ca4de7a71e3c3afef1eecc4a75f4c4624eea43446481454b0fd00.png
According to Trump’s transits, he is going to bring money back into the economy.
No according to Trump’s transits he is going to improve the economy.
The crash will be after he finishes his second term. The next president will be left to clean up the economy.
This means it’ll tank soon! IJS!!!
How did you get that I want the economy to fail from what I posted?
LOL. But I hope that everyone knows that he didn’t write that speech that he read last night. LOL…Then later on today he will be saying, “Didn’t I read that speech very well last night?” Did I?….LOL…..
Lol. This run that was already well established prior to his election can’t be attributed to Trump. He inherited a robust economy- all market indicators were off the charts in Q4 2016. It’s merely continuing in the same path we’ve been on with the astronomical gains.
He’s done nothing to affect major market swings. Now let’s see how the market is doing in a year or so when any changes or laws he promulgates have had a chance to be in effect over a period of time. That will be the true gauge of his administrations affect on the US economy.
Sooo thanks Obama! lol
Yeah we were all impressed he stayed in script.
NOT!
47% fallacies. The man is clueless and his idiot supportes think his backtracking is diplomacy. Ummm
No he is literally all over the place. Just embarrassing for our country that he is being praised for being ‘presidential’! Like wtf lol duh!!
Most presidents do not write their speeches. What is your point?
In fact a good speechwriter makes well into 6 figures and higher.
Absolutely. Gold, bitcoin, stock warrants and options.
Where are you getting your astrological analysis?
Everything that I have heard is that the economy is going to be in the crapper in 2020 due to Trump’s protectionist policies and there will be a slow down right before the midterms next year.
With Trump’s alienating our allies and chasing away people at the bottom rung of the economy it’s an inevitability that the economy will crash.
So HOW THA PHUCK does this help the non 1% live better? This sounds like great news for the man, but me?
President Trump has restored hope, optimism, and law and order in America again. Last night’s speech was flawless. The Democrat response was sad…an old former Governor in a depressing diner rambling on. I shut it off. 2018 and 2020 elections will be great for Republicans!
MY STOCKS ARE SOARING, BLACK PEOPLE BETTER, STOP CRYING AND START INVESTING!!!!!!!!!!
Sure will out with that old racist party, destroying inner cities for over 60 years, sheep better wake up!!!
How did Trump do this? It was a speech, without actions. It was nothing more than him speaking of results and no viable plan to reach said results.
He did a tremendous job.
The Dow would climb under any imbecile who vowed to cut taxes on corporations and the ultra-rich. As a bonus, he has also pledged to rollback government regulation so that American corporations can be as reckless and substandard as necessary to increase their profit while wrecking the economy and endangering the American public.
So, yeah, rich people (and non-rich stupid people) are pretty f*cking excited by Trump. Unfortunately, none of that excitement or prosperity will trickle down to the rest of us. We will die penniless under the slavemaster’s yoke.
We won’t have to wait that long, trust me.
That’s one perspective or narrative, but we’re capitalists, and work under an assumed democracy. Trump is an authoritarian by what we’ve seen thus far, based on what history has taught us how various leaderships are formed and potential outcomes with a wide range of fellows to study!
There is only one party, and that’s the one that distributes the wealth as capitalists, so he’s on track, on point for his true constituents! Hence, all the Red States, Republicans having second thoughts about losing their present healthcare insurance, Obamacare, and other interests! We applaud without knowing the ramifications for what he proposes or sign-off on as executive orders like the environment, business practices, border taxation, safe drugs, and cars, all written off as unnecessary bureaucracy.
While every governmental department can be made more efficient and streamlined, WE’RE CAPITALISTS, so the bottom line are his constituents!
Political parties and race are divisive tools used to distract common people, while the 1 percent; mega-corporations please their shareholders, not voters! America’s biggest problem is mental illness which spawns: depression, addiction, incarceration, and our thirst for power, materialism, and living vicariously through our celebrities, and their riches and successes!
Being the number one super power, but not even in the top five for the world’s happiest countries speaks volumes!
Even though, these are basically white folk and others problems (Trump’s Reign), we [black folk] pretty much know what we get, the usual! But, I’m still glad that people aren’t normalizing this president and his policy-making, so let them look silly, in two years, some other figures or puppets will be going for this seat!
Yes, the stock market soared, not a surprise! With major business deregulation (Big Pharma, Banks, Oil Companies, Food Sources, Auto-makers gotta be smiling), the industrial prison complex, our new mecca of manufacturing and contract servicing, even Whole Foods uses prison vendors, department of education in good hands (just take your voucher and get), pipelines to all of these privatized prisons to be built (ya’ll gon fill’em too), eliminating red tape, businesses are delighted, oversight will be minimal until something ghastly happens, and can be directly traced to its owner! Yes, people were INSPIRED, it’s so easy to pull the wool over eyes with talking points, especially, when they’re not WOKE!
They sure do act like some vile animals….I’m not shocked at all they attack Van Jones, especially since he strayed from the script.
I agree and the fact these idiots think he’s supposed to be “impeached” just because they don’t like the fact,he was elected is too silly.
They’re looking so petty.The only thing President Trump did to infringe on women’s rights,was when he beat that hag down in the election.They’re such sore losers….
Yeah you’re right.
I guess you don’t understand how fiscal periods work huh Sandra? SMH
The Dow/stock market insane and historic highs represent consumer confidence under President Trump. He has received 200 bids already to build the border wall. Obamacare is being blown up (mine and others out of pocket expenses have skyrocketed to subsidize others – disaster!). He has lifted unnecessary regulations that killed jobs and now job growth is rising. He negotiated companies and plants to stay here. I could go on and on. Big actions are happening under Mr. Art of the Deal. Pay attention.
Well, Donald Trump presidency was not met with a massive crash as the previous presidency. Further, the market is not due to a “Trump affect” or any policy of his. It takes time for policies to take affect. The market still have only rose a fraction to what it did during the last eight years. As well as, 76 consecutive months of job growth is a feat of itself, which is the longest streak on record. I do not think it will be repeated by this administration. The market is not reacting to confidence in Trump, but policies of the previous president. The wall is ridiculous and waste of taxpayers money, not Mexican pesos, but American taxpayers money. Obamacare can be improved, but will not since the reason it is being repealed is due to the previous president race. It can be fixed but will not because of its signature legislation of the last president.