Dow closes above 25,000!
+ Reply to Thread
Page 1 of 6 1 2 3 4 ... LastLast
Results 1 to 14 of 79

Thread:
Dow closes above 25,000!

  1. #1
    Senior Member az_mike's Avatar
    Join Date
    Apr 2009
    Location
    Phoenix
    Posts
    441

    Thumbs up Dow closes above 25,000!

    Fastest 1,000 point gain ever!....only took 23 days.
    I wonder what happened over the last 23 days that would have inspired that?
    Last edited by az_mike; 01-04-2018 at 03:06 PM.

  2. Remove Advertisements
    PerformanceBoats.com
    Advertisements
     

  3. #2
    83 Crusader - 468 BBC SNiC's Avatar
    Join Date
    Apr 2011
    Location
    Sweet Home Alabama
    Posts
    2,524

    Default

    Quote Originally Posted by az_mike View Post
    Fastest 1,000 point gain ever!....only took 23 days.
    I wonder what happened over the last 23 days that would have inspired that?
    The FED announcing and keeping the LOW interest rates is one factor...
    but the new record low Corporate tax rates are HUGE...MAGA!



  4. #3
    Senior Member
    Join Date
    Feb 2008
    Posts
    5,829

    Default

    Quote Originally Posted by az_mike View Post
    Fastest 1,000 point gain ever!....only took 23 days.
    I wonder what happened over the last 23 days that would have inspired that?
    That's actually a good question. As a small business owner, have you seen that kind of improvement?

  5. #4
    Senior Member az_mike's Avatar
    Join Date
    Apr 2009
    Location
    Phoenix
    Posts
    441

    Default

    Quote Originally Posted by jimsplace View Post
    That's actually a good question. As a small business owner, have you seen that kind of improvement?
    If you’ve paid attention to anything I’ve posted in the last 30 days you’d know the answer.... and realize my initial post was rhetorical....YES. 10-fold....

    tax reductions..... pro-business moves.... hundreds of new job opportunities...people have CONFIDENCE unlike previous 8 years where it was crystal clear Obama despised anything not dependent on government.
    Last edited by az_mike; 01-04-2018 at 09:18 PM.

  6. #5
    Senior Member f_inscreenname's Avatar
    Join Date
    Dec 2007
    Location
    Pasadena, Maryland
    Posts
    1,533

    Default

    Not bragging but we were up so much this spring that we "took some profits" (I was scared of the quick run up also) and bought back the townhouse the wife and I first bought together. Paid cash for it. It was so weird buying a house in cash that just a few years (9-1/2) before we were worried about making the mortgage payments to keep a roof over our heads.
    It killed me to sell the stock though. I'm an investor not a trader (not to mention my investments are like my babies) and I knew I was leaving some money on the table. If I thought it was going to be this much I may have double thought the house. But then I think of that old saying, Bears make money, Bulls make money and Pig get slaughtered. I would have hated to pass on the house and then the market fell out of bed watching all the paper money go up in smoke. So its not so bad. Thanks to Trump's first 5 months in office run up I now have a real locked in profits brick townhouse. Which hasn't been a bad investment by its self but nothing like the market and its a whole lot easier pushing a couple buttons on a keyboard compared to remolding a whole house.
    Since we are talking about the market.....
    GE, at a multi year low its worth more then its share price if they broke it up and sold off the parts, they pay a decent dividend and they have many billions over seas that they can bring back at the low tax from Trump's plan. Just a FYI and I own a 100 shares.
    A winner is just a loser that got up and did it one more time.
    1959 Biesemeyer - 4pt Hydro Drag - 2013 ACBS Winner - Best Race Boat
    1966 Donzi 16
    1967 Nova Marine - SuperNova24 - ACBS Winner - 2012 Best Race Boat - 2016 Peoples Choice & Best Non Wood
    1972 John Allmand - Nova 19
    1982 PolarKraft -Jonboat - Crab Killer

  7. #6
    Senior Member
    Join Date
    Feb 2008
    Posts
    5,829

    Default

    Quote Originally Posted by az_mike View Post
    If you’ve paid attention to anything I’ve posted in the last 30 days you’d know the answer.... and realize my initial post was rhetorical....YES. 10-fold....

    tax reductions..... pro-business moves.... hundreds of new job opportunities...people have CONFIDENCE unlike previous 8 years where it was crystal clear Obama despised anything not dependent on government.

    I wasn't looking for a pissing match, but I don't believe you've stated exactly how much your business had increased. As I recall you indicated it had increase at a very good rate. And no, I didn't know your post was rhetorical, it ended with a question mark.

    Apparently SNIC didn't realize it was rhetorical either since he provided an opinion.

    Speaking of Obama, if the ground work had not been done in the previous 8 years it would not be possible to be where we are. Remember, when Obama came into office, he came in facing a recession and not an already increasing solid market.

  8. #7
    Senior Member
    Join Date
    Feb 2008
    Posts
    5,829

    Default

    Quote Originally Posted by f_inscreenname View Post
    Not bragging but we were up so much this spring that we "took some profits" (I was scared of the quick run up also) and bought back the townhouse the wife and I first bought together. Paid cash for it. It was so weird buying a house in cash that just a few years (9-1/2) before we were worried about making the mortgage payments to keep a roof over our heads.
    It killed me to sell the stock though. I'm an investor not a trader (not to mention my investments are like my babies) and I knew I was leaving some money on the table. If I thought it was going to be this much I may have double thought the house. But then I think of that old saying, Bears make money, Bulls make money and Pig get slaughtered. I would have hated to pass on the house and then the market fell out of bed watching all the paper money go up in smoke. So its not so bad. Thanks to Trump's first 5 months in office run up I now have a real locked in profits brick townhouse. Which hasn't been a bad investment by its self but nothing like the market and its a whole lot easier pushing a couple buttons on a keyboard compared to remolding a whole house.
    Since we are talking about the market.....
    GE, at a multi year low its worth more then its share price if they broke it up and sold off the parts, they pay a decent dividend and they have many billions over seas that they can bring back at the low tax from Trump's plan. Just a FYI and I own a 100 shares.
    I'm glad to see you're doing well, but aren't you one of those who complained about Obama constantly? Like you said, 9 1/2 years ago there was a concern about making the mortgage payment on a property, and now you have you have accumulated enough to pay cash, under Obama.

    I'm heavily invested also, and 9 1/2 years ago everything sucked. The market and economy rebounded much faster over those 9 1/2 years than I ever expected and it took a while to get back where it was. Things don't happen overnight. The US economy and it's markets are like big ships and they don't turn quickly.

    Again, I'm glad you're doing well, as I'm glad mike is doing well, but let's give credit where it belongs. Trump gets credit for some of the recent gains, but I don't like some of how it's being done. The environment and individual rights are taking a beating. Money is important, but people and their health is more important.

  9. #8
    Senior Member az_mike's Avatar
    Join Date
    Apr 2009
    Location
    Phoenix
    Posts
    441

    Default

    Quote Originally Posted by jimsplace View Post
    I wasn't looking for a pissing match, but I don't believe you've stated exactly how much your business had increased. As I recall you indicated it had increase at a very good rate. And no, I didn't know your post was rhetorical, it ended with a question mark.

    Apparently SNIC didn't realize it was rhetorical either since he provided an opinion.

    Speaking of Obama, if the ground work had not been done in the previous 8 years it would not be possible to be where we are. Remember, when Obama came into office, he came in facing a recession and not an already increasing solid market.
    since you bring up laying groundwork... let’s not forget the Clinton-Era “community reinvestment act” which strong armed the subprime mortgage market to get people into homes that couldn’t really afford it in the name of “helping the poor”...largely blamed for the run up to the recession on top of 9/11....and also the initial recovery steps taken by the Bush administration to get us back out that Obama basically just continued and added to exponentially, but focusing on government work and big business and not reviving the individual private sector (but running up our debt another 8 tril. in the process). The spikes we are talking about TODAY aren’t merely riding on the coattails of a recovering economy but spikes as a direct result of action by the trump administration (tax reform)...something even Clinton enacted with some success near the end of his term when the economy started failing in the latter part of the 90s.

    and yes, business is NOW good as a direct result of tax passage...(second only to the day after nov 4th of 2016 it was like someone turned the lights back on) .....those standing to win big (the rich?) are now spending like gang busters to build and expand which has (dare I say it?) “trickled down” to me which I have passed on to others with a few new hires this year that were underemployed in the Obama days and looking to add more as the months progress. You can talk all about U3 “unemployment numbers” and how much the stock market slowly crawled back over 8 years and crown Obama the savior, but the vast majority of people didn’t truly EXPERIENCE any uptick.....THIS time around it is much more real and tangible to not just me and my group, but everyone I talk to.

  10. #9
    Senior Member
    Join Date
    Feb 2008
    Posts
    5,829

    Default

    Quote Originally Posted by az_mike View Post
    since you bring up laying groundwork... let’s not forget the Clinton-Era “community reinvestment act” which strong armed the subprime mortgage market to get people into homes that couldn’t really afford it in the name of “helping the poor”...largely blamed for the run up to the recession on top of 9/11....and also the initial recovery steps taken by the Bush administration to get us back out that Obama basically just continued and added to exponentially, but focusing on government work and big business and not reviving the individual private sector (but running up our debt another 8 tril. in the process). The spikes we are talking about TODAY aren’t merely riding on the coattails of a recovering economy but spikes as a direct result of action by the trump administration (tax reform)...something even Clinton enacted with some success near the end of his term when the economy started failing in the latter part of the 90s.

    and yes, business is NOW good as a direct result of tax passage...(second only to the day after nov 4th of 2016 it was like someone turned the lights back on) .....those standing to win big (the rich?) are now spending like gang busters to build and expand which has (dare I say it?) “trickled down” to me which I have passed on to others with a few new hires this year that were underemployed in the Obama days and looking to add more as the months progress. You can talk all about U3 “unemployment numbers” and how much the stock market slowly crawled back over 8 years and crown Obama the savior, but the vast majority of people didn’t truly EXPERIENCE any uptick.....THIS time around it is much more real and tangible to not just me and my group, but everyone I talk to.
    Good Lord, you're going back 40 years. And, what you are blaming Clinton for was after Bush being in office 8 years. To say the recovery under Obama was a crawl is not only misleading, but incorrect. At the end of Obama's term, the market was where it should have been, if there had not been a recession. It took several years to recover from the Bush era recession, and then the market increased at a good enough rate to get it back on track where it should have been.

    As far as the recent increase, sure it has gone up fast with the new tax guidelines. But, to call it a tax reform is a farce, it is in reality a social redistribution of wealth to benefit the wealthy. Like I said, I'm glad that your business is doing well, but you are an owner. You've hired a couple of people which is good for your business so you can make more money. How about your employees, have they seen a 10x increase in their pay? You did say your business increased 10X. You say they get a $1,000 bonus, but if your business increased 10X, you're keeping a lot more, regardless of whether it goes back into Your business, or you get the extra profit. That is sort of how trickle down works.
    How you run your business is your business, but keep in mind that while you are making $1,000's more, the super rich are keeping $Millions or $10's of Millions more.
    The distribution of wealth in this country is becoming more and more disproportional. The problem with wealth being disproportional is that power also becomes disproportional.

  11. #10
    Senior Member
    Join Date
    May 2008
    Posts
    541

    Default

    Quote Originally Posted by jimsplace View Post
    I wasn't looking for a pissing match, but I don't believe you've stated exactly how much your business had increased. As I recall you indicated it had increase at a very good rate. And no, I didn't know your post was rhetorical, it ended with a question mark.

    Apparently SNIC didn't realize it was rhetorical either since he provided an opinion.

    Speaking of Obama, if the ground work had not been done in the previous 8 years it would not be possible to be where we are. Remember, when Obama came into office, he came in facing a recession and not an already increasing solid market.
    I am much happier since staying away from his forum. That being said; Jim, you have your head where the sun never shines. Over & Out.

  12. #11
    Senior Member az_mike's Avatar
    Join Date
    Apr 2009
    Location
    Phoenix
    Posts
    441

    Default

    Quote Originally Posted by jimsplace View Post
    Good Lord, you're going back 40 years. And, what you are blaming Clinton for was after Bush being in office 8 years. To say the recovery under Obama was a crawl is not only misleading, but incorrect. At the end of Obama's term, the market was where it should have been, if there had not been a recession. It took several years to recover from the Bush era recession, and then the market increased at a good enough rate to get it back on track where it should have been.

    As far as the recent increase, sure it has gone up fast with the new tax guidelines. But, to call it a tax reform is a farce, it is in reality a social redistribution of wealth to benefit the wealthy. Like I said, I'm glad that your business is doing well, but you are an owner. You've hired a couple of people which is good for your business so you can make more money. How about your employees, have they seen a 10x increase in their pay? You did say your business increased 10X. You say they get a $1,000 bonus, but if your business increased 10X, you're keeping a lot more, regardless of whether it goes back into Your business, or you get the extra profit. That is sort of how trickle down works.
    How you run your business is your business, but keep in mind that while you are making $1,000's more, the super rich are keeping $Millions or $10's of Millions more.
    The distribution of wealth in this country is becoming more and more disproportional. The problem with wealth being disproportional is that power also becomes disproportional.
    just calling a spade a spade. Saying Bush is responsible for the recession is just as wrong as saying Obama saved it... you’ve said it yourself... policies take years for the effect to be felt. But PERCEPTION of a benefit is what drives confidence and the markets. No one has physically benefited from the tax breaks YET... but they perceive they will.

  13. #12
    Senior Member
    Join Date
    Feb 2008
    Posts
    5,829

    Default

    Quote Originally Posted by az_mike View Post
    just calling a spade a spade. Saying Bush is responsible for the recession is just as wrong as saying Obama saved it... you’ve said it yourself... policies take years for the effect to be felt. But PERCEPTION of a benefit is what drives confidence and the markets. No one has physically benefited from the tax breaks YET... but they perceive they will.
    I understand we view some things differently, but historically, I believe you will find the Bush administration is credited with much of the recession. At the same time, Obama isn't responsible alone for its recovery. The economy did recover an amazing amount from where it started, but some on this site refuse to give Obama credit for doing anything right, when in fact he did many things right. It was amazing how much right he accomplished despite a Republican House and Senate that attempted to block everything.

    I hope the tax plan surprises me and is great, I don't think it is. Who knows, maybe someday you can say, I told you so.

  14. #13
    Senior Member az_mike's Avatar
    Join Date
    Apr 2009
    Location
    Phoenix
    Posts
    441

    Default

    Quote Originally Posted by jimsplace View Post
    I understand we view some things differently, but historically, I believe you will find the Bush administration is credited with much of the recession. At the same time, Obama isn't responsible alone for its recovery. The economy did recover an amazing amount from where it started, but some on this site refuse to give Obama credit for doing anything right, when in fact he did many things right. It was amazing how much right he accomplished despite a Republican House and Senate that attempted to block everything.

    I hope the tax plan surprises me and is great, I don't think it is. Who knows, maybe someday you can say, I told you so.
    handed 9/11, a bubble economy and unrest in a largely neglected Middle East, I personally think Bush was given a bad rap... there have been far better but far worse... you listen to him today and I genuinely think he loves this country and did in his heart what he thought was best. Obama likewise definately deserves some credit as well although I don’t agree with his methods or view of the role of government. What you say about congressional obstruction though is 100% spot on and much of the problem today. Things these days are almost always along party lines further dividing us as people. We are being defined by our party affiliation and no longer as just americans

  15. #14
    Senior Member
    Join Date
    Feb 2008
    Posts
    5,829

    Default

    Quote Originally Posted by az_mike View Post
    handed 9/11, a bubble economy and unrest in a largely neglected Middle East, I personally think Bush was given a bad rap... there have been far better but far worse... you listen to him today and I genuinely think he loves this country and did in his heart what he thought was best. Obama likewise definately deserves some credit as well although I don’t agree with his methods or view of the role of government. What you say about congressional obstruction though is 100% spot on and much of the problem today. Things these days are almost always along party lines further dividing us as people. We are being defined by our party affiliation and no longer as just americans
    We do think the same on some things. I think both Bush and Obama have good points and cared for the country. Many of the things the Bush administration did that I disapprove of, had to do with environmental concerns. That I believe was largely due to Chaney.
    I don't know if you've noticed, but the Bushes and Obamas attend a number of the same functions and speak to each other. That applies to the Clintons too. Those folks actually try to do some good for people. Trump and his entourage do not. Trump doesn't do anything with anyone for the outright benefit of others.
    The Bushes live somewhat near where I am, so I may see more of what they do than some.
    I think he is a good guy, and really admire his father.

    Trump does go to military bases at times to tell them how great he is doing and how well the stock market is doing. I guess he thinks they do vote. I doubt that he realizes that most of the troops are not heavily invested in the stock market, so while he and his friends benefit from the increased values, they are risking their lives and watching others get wealthier.

+ Reply to Thread
Page 1 of 6 1 2 3 4 ... LastLast

Quick Reply Quick Reply

Register Now

Please enter the name by which you would like to log-in and be known on this site.

Please enter a password for your user account. Note that passwords are case-sensitive.

Please enter a valid email address for yourself.

Please select your insurance company (Optional)

Log-in

Tags for this Thread

Digg This Thread

Posting Permissions

  • You may post new threads
  • You may post replies
  • You may not post attachments
  • You may not edit your posts
  •  
 

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95