Trump and Dow 25000 - WSJ editorial

[question everything]

The Dow Jones Industrial Average leapt above 25000 for the first time on Thursday, and naturally the White House sent out a press release taking credit. Trump’s pro-growth policies are partly responsible for the market’s extraordinary bull run, but he is still making a mistake to hang his economic credentials on stock prices.

(snip)

Yet it still makes no sense for a President, especially one in his first year, to tee up stocks as a measure of economic success. As Wall Street legend Ace Greenberg famously put it amid the 1987 market crash, “stocks fluctuate, next question.” The current lengthy period without a major correction is highly unusual—and it won’t last. When prices fall after Mr. Trump’s many boasts about their rise, the press corps will ask him to explain the correction at every opportunity. Presidents do not want to become stock-market analysts.

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https://www.wsj.com/articles/trump-and-dow-25000-1515111235

[Angry Dragon]

1. Trump will blame Hillary for the downturn

[dchill]

2. If Trump really wants to wipe out every one of Obama's...

achievements, he should wipe out the stock market. He will, of course.

[Freddie]

3. For the regular guy living paycheck-to-paycheck

A robust stock market does absolutely nothing.

[question everything]

4. Well, if you carry insurance, if you have bank account, even if you are employed

all these institutions depend on the stock market for their health.

[procon]

6. All those companies depend more on customers to stay in business

than they do the stock market. The majority of US workers are living hand to mouth, one paycheck away from financial disaster, and without an income they won't be customers of any of those places. All that stock activity is making lots of money for investors, and the new ruling class of oligarchs are delighted. OTOH, wages and beneficial social programs aren't rising at the same rate.

The pace won't last, of course, what did the WSJ call it, a "major correction" is coming. When that happens will Trump have the intellect to avoid a total collapse and sheppard us through another Great Recession, or will he be so busy blaming his political enemies that he lets the country (and thereby the world) fall into a Great Depression?

[Turbineguy]

5. Yeah

and the rest of the world is happy trump is in there too. That's why the other markets around the world are up.