The Stock Market is Up

[lefty2000]

Since inauguration day we have seen our President* in action and we have sufficient data to give him an evaluation.

On the plus side, the stock market is up.

Our President* is not going to do anything that he knows will place his investments at risk. That is why the Muslim immigration ban only applies to countries where he has no stake.

Did I mention that the stock market is up?

Unfortunately, the ineptness demonstrated so far does not give me confidence that the stock market will remain at high levels despite the President's* determined efforts. It may be possible to get a better trade deal with Mexico, but insulting their head of state does not seem like a good way to open negotiations.

Nevertheless, the stock market is up.

Pulling out of the Transpacific Partnership is a gift to China. The purpose of the agreement was not solely economic but to prevent the establishment of Chinese economic hegemony over the Pacific nations.

So, if you don't mind the lying, the vulgarity, the egotism, the ignorance, the callous cruelty, the diplomatic blunders, the militarism, the hypocrisy, and the petty paranoia (did I leave anything out?) then you can give the President* a good grade because the stock market is up (for the time being).

[The_Voice_of_Reason]

1. The Stock Market was

UP BIGLY for the six months just before the crash of 1929

[Calculating]

2. Seems like a bubble right now

The hard part is knowing when to sell everything off and abandon ship. You wanna get out near the top.

[Drahthaardogs]

6. I bailed on Friday, too much crazy right now

It is bound to tank if this shit keeps up.

[uponit7771]

11. +1

[frankieallen]

12. Unlike the housing bubble, which saw the DOW drop by %50, this may be a bubble of a much smaller

nature. If we see a drop, it will probably be a couple hundred points max. The Obama economy is solid, you can't kill that in 2 weeks.
Trump was the one calling it a bubble during the campaign,

[rzemanfl]

3. I think you left out the golden showers. n/t

[Achilleaze]

4. Thank you, thank you, thank you President Obama

President Obama saved the American economy after it was totally trashed in 2008 by George Bush and his cronies from Goldman Sachs.

And President Obama continued to build the strength of the American economy throughout his 8-year term, giving it the necessary momentum to keep growing even in the face of another draft-and-tax dodging Republican-Russian loser, Comrade Casino, his Swamp-dwelling Goldman Sachs cronies, and his patently idiotic economic "policies."

The coming Great Recession, however, will be totally a disaster of Republican FAIL - just as Republican "Trickle Pee Upon the People" policies have FAILED in every state they have been tried in.

Nothing FAILS like Republican "economics" of making the rich richer, and screwing all the hard-working citizens.

[unblock]

5. cnbc's drumbeat notwithstanding, the stock market is not (solely) a donnie performance indicator

the market has been going up steadily for 8 solid years now. thanks, obama!

and the market responds to a wide variety of news, including more optimistic forecasts from the fed and earnings reports from the 3rd quarter (that took place prior to the election but some of this was reported after) as well as 4th quarter statements.

none of this had squat to do with donnie.


besides, the overwhelming amount of political "news" was simply that donnie somehow won. the market reacted to that news in a day or two. this is not an ongoing story. he didn't win any more or less later. much of the subsequent "news" has been very predictable, at least in terms of what donnie might do that benefits business. after all, he signaled much of this during the campaign.


if anything, the only real "news" is that he's even more incompetent than we thought, and his idiocy and lack of impulse control could easily be very disruptive to business.

consider an american executive on international travel who now can't come back because they happen to have been born in one of those "bad" countries".


in other words, the market would probably be a bit higher under hillary's steady hand.

[global1]

7. If The Market Is Up Based On Alternative Facts.....

we're in big trouble.

[titaniumsalute]

8. Give it time

Maybe a 500 point drop tomorrow? That would freak some business people out...that is what gets their attention.

[Wounded Bear]

9. Getting the last few strokes in pumping up the bubble...

I expect a huge crash, soon.

[raccoon]

10. To paraphrase Dickens, the stock market is an ass. nt