Dow Closes Above 20,000…

NEW YORK / WASHINGTON – U.S. equities closed at all-time highs on Wednesday after a series of executive orders from President Donald Trump increased bullish sentiment on Wall Street, while financials outperformed.

trump-convention-6

The Dow Jones industrial average broke above 20,000 for the first time, rising about 150 points as Boeing, Goldman Sachs and IBM contributed the most gains.

“People are seeing that the administration is carrying through with some of the things they promised,” said John Stadtler, head of U.S. Financial Services Industry Practice at PwC. “It looks like long-term capital gains are here to stay.”ย  (read more)

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126 Responses to Dow Closes Above 20,000…

  1. lurker99 says:

    MSM will not mention it due to DJT’s administrations policies being implemented………

    Liked by 5 people

  2. Former Lurker says:

    Trump bump!

    Liked by 4 people

  3. auscitizenmom says:

    ๐Ÿ™‚

    Liked by 2 people

  4. John Franco says:

    America First! Lord I love President Trump!!

    Liked by 6 people

  5. Jedi Clampett says:

    Would love to hear ideas from market savvy Treepers where they plan to invest for the next 8 years.

    Liked by 3 people

    • petszmom says:

      my investments in real estate are already soaring but i live in texas! i may keep on with that.

      Liked by 3 people

    • repsort says:

      KY Jelly if he doesn’t address the cause of healthcare costs.. I agree with Karl Denninger that we need to break the monopolies, jail the colluders and force price transparency..

      Liked by 1 person

      • bertdilbert says:

        Health Care is about 20% or so of GDP. Probably a good idea to get most of your stuff through before ticking off that money and have it working against you. Everyone would turn into a John McCain. Karl makes a lot of sense sometimes and too often gets stuck on his one issue to grasp the larger issues.

        It would go a long way to make the US government sole buyer on drugs and make it against the law to sell to another country less than what the US is offered. We stop subsidizing drugs for the rest of the world.

        Liked by 3 people

        • repsort says:

          Yeah. You make a good point about how massive that market is.. 4 Trillion bones or so and it needs to be cut down to 1 Trillion. That would be incredibly disruptive for a time… Trump is certainly smart enough to understand why costs are out of control. I pray you’re right and it’s a timing thing.. He’s just waiting for the appropriate time.

          Like

      • Ploni says:

        That includes the AMA (American Medical Association) and the ADA (American Dental Association), whose duplicity includes their collusion with the nation’s medical and dental schools, state legislatures, and the state boards of licensing and regulation.

        Together, they limit the number of seats in the country’s publicly funded medical and dental schools so that their graduates only replace deceased or retired physicians and dentists, never increasing the country physicians and dentists as more of them would better serve the medical needs of the public. Doing such would increase competition and lower medical and dental costs . . . the main threat to their monopolies.

        All this is done in the false name of professional integrity and oversight.

        One of their big tricks is to claim competent candidates are not medical or dental school-worthy because they attained a 3.3 grade-point average instead of 3.6 or other such nonsense such as being accused of character flaws that would preclude their success as medical professionals.

        This all has to come to an end.

        Liked by 2 people

        • COLibertyBelle says:

          Don’t forget the role of BigPharma in this equation…and their brutal tactics in keeping alternative health solutions out of reach for most Americans.

          Like

        • wodiej says:

          Thank you for the insight. It does not surprise me. But what I see is no matter how many dentists or eye Dr’s. I call for services, they are all charging the exact same price. $180 for an eye exam. They take less than 30 minutes. A very small surface cavity took 15 mins. to fill-$130. I can’t afford that. But I trust President Trump and his administration will do something about this. It truly is greedy and dishonest.

          Like

    • The Boss says:

      I’m over-indexing in the USA.
      Energy, Consumer Staples, Materials, Banks, Tech, Transportation and a little gold.
      Keep your position sizes right, mind your stops and try for DRIP deals as often as possible. If you like ETFs, I think Vanguard has the lowest expense ratios around,

      Liked by 1 person

      • petszmom says:

        i have yet to understand investing in gold, people do but explain why since i’m a neophyte. TIA

        Like

        • bertdilbert says:

          Yeah you can have a lot of fun with that. Ask a gold bug if gold is money and when they say yes, turn the question if they have money what would they do with it? Kind of hard to invest your money if you hang on to gold.

          India is having a lot of problems and India has historically been the largest consumer of gold. Asians have a higher consumption of gold than US. If US first policy takes away from India and Asia and creates a stronger dollar in the process, I do not see that being positive action for US citizens to hold gold. This looks like a gold negative situation.

          Liked by 1 person

          • petszmom says:

            i get confused with it because i have old family friends that keep their Krugs here in san antonio but what’s the point? they come up every few months to play with it. then they go back home and collect their royalty checks from their oil/gas so again what’s the point? just curious. then i have other friends that keep gold bars in case the world ends and they can barter with it…i tell them, at that point gold ‘ain’t gonna help you much’. you can’t eat gold!

            Like

    • muffyroberts says:

      I have tons of equity in my house, so I am going to put it on the market in the spring, then by fall it will sell and I will buy stocks in banks, infrastructure, construction…everything will be booming. When people have jobs and make money, all the stocks go up.

      I will buy in right before the 2017 Santa Claus Trump rally.

      Like

    • jonvil says:

      When it comes to investing I am as dumb as a bag of hammers, a box of rocks or a retarded…er…RETIRED M.E. It’s safer for me to keep my savings, at nearly zero interest, where it’s at ๐Ÿ™‚

      Like

    • Oil, coal, steel, heavy industries (e.g., Caterpillar), and banks.

      Like

  6. Dale says:

    The Federal Reserve’s Janet Yellen is an IED left behind by Obama. She can step on this rally any time she wants to… Auditing the Fed needs to be on the agenda.

    Liked by 3 people

  7. fedback says:

    18,000 pre election

    Liked by 2 people

  8. booger71 says:

    Varney will be happy

    Liked by 1 person

  9. Concerned says:

    Do you think the snowflakes invest in the market? Maybe the Hollywood flakes, and the career politician flakes.

    Like

  10. SpanglishKC says:

    This will be credited to Obama’s policies by MSM + Dems + Phsycos

    Like

  11. NJF says:

    Mark Cuban & George Sorros unavailable for comment.

    Speaking of Sorros, I hope he is shipped off ASAP. He needs to be stopped!

    Liked by 4 people

  12. furtive says:

    AN STD (Software Transmitted Disease) explained

    Liked by 1 person

  13. furtive says:

    11-9-16. ELECTION NIGHT TSUNAMI EXPLAINED:
    Why Michigan held back their results until 3:00AM

    Liked by 1 person

  14. Mike diamond says:

    Trump is doing a great job!!

    Liked by 4 people

  15. Gingersnap says:

    Winning!

    Liked by 2 people

  16. Duhders says:

    My financial advisor tells me the problem is that these gains are not based on fundamentals and many, if not most, stocks are overvalued. Repatriating the $ from overseas will hopefully realign them to non-ludicrous levels, but he doesn’t see this as sustainable unless the money starts coming in via revenue growth, which it isn’t at the moment.

    Liked by 4 people

    • muffyroberts says:

      Yes the stocks are always over valued. But now it looks like their value will be based on making real money, not printed up money. So just wait for a pull back, don’t buy now. Unless you know how to Day trade๐Ÿ•บ

      Liked by 3 people

    • animals randomly picking up food from a table marked with the names of stocks and shares do better than ‘financial advisors’ on every standardized test, so I’d just trust in Trump, your own eyes and common sense.

      Anyone who gets paid whether you win or lose is no friend of yours.

      Liked by 1 person

    • Concerned says:

      Thanks to computerized trading and over-emotional traders, stock values seem to have little relevance to company performance these days. That makes things difficult for financial advisors … and individual investors like myself.

      Like

  17. Chuck says:

    Seems to me the Fed has been propping up the stock market with QE since O took office. Where has that artificial bubble gone?

    Liked by 3 people

  18. No Agenda says:

    Sundance, will Trump reverse the DACA applications His administration is currently processing? Will He ever end the DACA program? Are we stuck with the “Dreamers”? I get the part about not wanting Obama to come out of retirement to fight this but won’t He do this down the road anyway? We all know Rubio, Ryan etc. are gonna fight this. How is kicking the can down the road on this gonna change anything? Are we stuck with the “Dreamers” already in the program and the ones being processed as we speak? I can handle the truth but if this is the case, I feel betrayed. This not what I voted for! This is something I and many others cannot compromise on and feel good about! I know I said I would be patient but what’s the skinny? I know alot of people are gonna rip me to shreads over this but I just wanna know the truth! ๐Ÿ™‚

    Like

  19. Phil aka Felipe says:

    I saw what happened to the market after Ronald Reagan was elected and knew it would be repeated more BIGLY if Trump were to be elected.

    Can kick myself for not buying stocks Nov. 8th.

    Liked by 2 people

    • Concerned says:

      You just didn’t know. I was worried that Hillary would win, or that Trump would win and the nutcases would panic, so I completely rearranged my investments 2 days prior to the election. Turns out I didn’t need to do it, but it ended up working out alright in the end. The market is so emotional, it’s really difficult to predict how it will behave during times of great change, like the coup we just staged. ๐Ÿ™‚

      Liked by 1 person

  20. 804hokie says:

    I’m really not tired of the good news, after all of the dismal years we’ve experienced

    Liked by 1 person

  21. Paco Loco says:

    We need the 14th amendment to be clarified. Illegals babies born in the US are not anchors as they are not covered. As far as the dreamers go, their parents are responsible for their illegal status and while it’s a bitch that their parents screwed up their lives by being illegal aliens, they are not legal citizens. Only US citizens should have any rights or benefits, not illegals.

    Liked by 4 people

    • The most authoritative research into your question was done some time ago. Harvard Professor Raoul Bergerโ€™s meticulously documented book, Government by Judiciary: The Transformation of the Fourteenth Amendment

      Like

  22. Newman says:

    Buy stock in companies that make padded cells, straight jackets and anti-depressants. Liberal demand for these products is about to skyrocket.

  23. BillRiser says:

    This is day 3 of a 100 day plan!!! More to come……Donald Trumpโ€™s Tax Repatriation Plan Will Create Jobs. Over $2T overseas.. turn into Bonds to reinvest in infrastructure projects across America = more jobs. Lower taxes on corporations to 15-20% will invest more in the USA = more jobs. Before taxes, cost of doing business was only 10% cheaper in Mexico. A 20% discount in tax will make it very close. Problem, all this growth will increase the dollar, inflation = higher interest rates. It’s called winning!!

    Liked by 3 people

  24. Pam says:

    Liked by 6 people

  25. Pam says:

    Liked by 4 people

  26. Dale says:

    I don’t think that DACA applications are actually being “processed”. I think Trump is just collecting names and addresses… makes it easier to pick them up later.

    Liked by 3 people

  27. jonvil says:

    I’m tired of winning!
    There is way too much exuberant celebrating & positive attitudes regarding President Trump’s constant winning, surely someone must have a ‘concern’…waiting…come on guys…I know you are out there…I see you all over the place expressing your ‘concerns’…don’t let me down now…I need your downers to keep things in perspective…President Trump has been in office a full three days!!!… I just know you have extensive lists of really important stuff that he has not done but should have …

    Liked by 2 people

  28. The biggest indictment of America’s recent political past is the shock everyone (non-Trumpers of course) is exhibiting by a President who actually does what he says! My goodness, expecting someone to honor their word is not a high and lofty goal, it’s the simplest measure of a person’s integrity! Clearly that has been severely lacking in modern American leadership. However, things be a changing folks! What an amazing sight to behold! ๐Ÿ˜€

    Liked by 2 people

  29. SeekerOfTruth says:

    The explanation is really simple.

    A review of White House revolving doors – frequent guests.
    1) Obama – Muslim Brotherhood, Black Lives Matter
    2) Trump – Business leaders, Labor leaders

    This trend will continue. Trump will often meet with key people in business and labor to get things done. And meet with security people to make sure things are secure for US interests.

    This is why I have always advocated for a business background President versus a professional politician. They meet with key people, negotiate and gets things done. Next…. Next…. With an eye on the long term goals.

    Liked by 2 people

    • JC says:

      Couldn’t agree more, Seeker. Stark differences between former Careless-Hater-in-Chief and President Trump continue to mount by the hour. Add to that President Trump’s love and commitment to America and Americans, and Sundance’s term from another thread, “tectonic shift”, applies across the board, in spades.

      Thank you, Mr. President.

      Liked by 1 person

    • SeerkOfTruth says:

      Oh I forgot one other thing. President Trump is going to be in Congress’s face a lot to get things done. Force and negotiate legislative deals as an active participant in the legislative process. Obama never really liked the legislative process and was totally incapable of negotiating things in Congress.

      Tomorrow Trump is going to be all over Republican leaders at their meetings saying
      “Where are my confirmations of cabinet and key staff”. In their closed door meetings he will strongly suggest they get their butts moving on the process.

      Bottom line:
      They are already talking of creating office space for President Trump and his staff in the US Capitol home of Congress. They expect he may make that a second home or at least his staff will be there a lot in the future as legislation starts to move.

      Like

  30. luke says:

    I have bought ETF’s focused around North American Energy Companies and North American Industry/Manufacturing. I did based on the information that has been shared on this site about Trump’s Nationalist Economic approach.

    I am not an advisor but I believe it to be a good long term strategy.

    Like

  31. delmarvajim says:

    Correct me if I’m wrong but I believe Jimmy Carter couldn’t get the Dow above 800 points

    Like

  32. I read this article and found it interesting that is specifically mentioned Goldman Sachs as the ones that are leading the surge doubling their point contribution since Trump won. I made sure I pointed this out to those that have been bellyaching about Bannon, Mnuchin, and Cohn joining Trump. I do not think it coincidence that Trump hit 20k on this day. The article also mentions that The Street is calling this record surge the Trump Bounce.

    And here it is http://blogs.wsj.com/moneybeat/2017/01/25/dow-hits-20000-for-first-time/

    Like

  33. This is exciting to see the Dow Industrial reaching 20,000 for the first time in history.

    Like

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