Tomorrow's DOW JONES will pass 20,000

[brooklynite]

Thanks President Obama!

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	Yes
	7 (88%)
	No
	1 (13%)
	I don't Invest
	0 (0%)
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[Warpy]

1. Depends on what the dollar does overnight

If it keeps sliding, yes. If it rallies, no.

[Yavin4]

2. Yes, because mass speculation is taking hold in the markets again.

The same sort of mass speculation that brought us the housing bubble.

[sarcasmo]

3. Will be @ 7,000 by year two of Orange Julius.

[doc03]

4. At the gym today I glanced at CNBC for a couple minutes and another guy walks up and says

the market is finally taking off since Trump was elected. I asked where he had been for the last 7 1/2 years.
He says not like this. I told him it has gone up 13000 points since the Bush Depression ended. He says you know why,
at that point I just turned my back and walked away. I know what he was going to say because of Quantitative Easing, I have heard that before. That may be true but now it is just because Trump got elected. I think what is fueling it now is the bond market
has lost $2 trillion since the election. People are getting out of the bond market because Trumps tax cuts are going to explode the deficit and raise interest rates, mortgage rates have already increased 60 basis points the last I heard. I think we are inflating the next Wall
Street bubble and there will a implosion sometime next year.

[HassleCat]

5. Too fast.

We're building another bubble. Last one cost me 300k, so I'm not looking forward to this one bursting.

[tandem5]

6. Too fast is right. Looks all too familiar to me also.

[tandem5]

7. yeah 20K, maybe onward to 22K then best case down to 15K over the course of a week.

[PoindexterOglethorpe]

8. It's a giant puzzle to me as to what's actually happening.

The market under Obama has been marvelous, and the increase since November 8 is unnerving.

My guess is that it will rise for the next couple of months, and then crash, and stay low for the rest of a Trump administration.

More to the point, even had Hillary been elected, we are distinctly in a bubble, and as a retired person who depends on her investments, this is quite scary.

[Skidmore]

13. Investors see unfettered markets ahead--

free of regulations and other restrictions. Greed won the election. The Grand Nag won and we will commence trading in latinum in the land of the Ferengi.

[KPN]

9. Too bad median income hasn't improved in similar fashion.

The stock market -- really?

[Norbert]

10. So it nearly tripled since Obama took office

Stock market doing well, gas is under $2.20, unemployment at 4.6% and a small amount of jobs are returning to America from elsewhere, but tell me again how the economy is in the dumper.

Maybe, just maybe, when the robust economy is handed off to Agent Orange and he heads it in the direction of a recession with the return of $4 gas and a plummeting GDP, maybe people won't get stupid four years from now. I take a page from Joni Mitchell and call it the "You don't know what you got 'til it's gone" syndrome.

[True Dough]

11. And the thing about jobs

that is most impressive is even though many of them are part-time and lower-paying than in the past, they are being created in the face of automation.

Automation -- efficiency through mechanization -- has taken away countless human jobs. That's a big factor in the Rust Belt. Don the Con likes to talk about how he's going to bring jobs back, but he cannot (and would not) turn back the clock on automation.

[Javaman]

12. waiting for the next crash. nt

[A HERETIC I AM]

14. Well, that was funny

https://finance.yahoo.com/quote/%5EDJI?p=%5EDJI