This is when to start worrying, eleven straight highs. We are probably going to see a correction soon. Corrections aren't bad and they give people a chance to buy in at a low point before it (Hopefully) goes up again.
The Dow soared 303 points to close above 21,000 for the first time ever on Wednesday, the day after President Donald Trump's address to Congress.
It's not that the speech gave investors the policy details they were seeking. If anything, Trump gave fewer specifics on major issues like tax reform, Obamacare and deregulation than many expected. The key for Wall Street was the tone of Trump's speech: He sounded a lot more optimistic and presidential than in previous speeches.
"The speech didn't break any new ground, but it was much more orderly and methodical than we are used to hearing," said Nicholas Colas, chief market strategist at brokerage firm ConvergEx. Ref. CNN.
I think as our new president gets more information about the state of this union we will see him act and say things that hopefully will get all Americans back together and help us grow. I like the fact that wall street is ramping up and making my investments look better. I hope it all continues to go down a positive path for awhile.
Yes, I like love the stock market setting records again. A lot of people are making a great profit right now. Hopefully it keeps trending up. If Trump stands by his pledge to bring back good paying jobs here this might continue.
Yup, my fingers are crossed the he moderates a bit now and concentrates on good jobs for everyone.
Dow loses 372 points as investors worry that Trump troubles will derail economic agenda. Political turbulence in Washington is finally morphing into market risk on Wall Street and putting a dent in the 401(K) account balances of investors who until now had been benefiting from the "Trump Rally." Ref. USAToday.
Yup, isn't it just grand that all this is happening. So, do we blame president Trump for having a penchant to say and tweet too much? Do we blame the Democrats for absolutely refusing to work with him even where it makes sense? To we blame the press for finding any excuse to go negative, even creating stories in some cases in my opinion. Do we blame his fellow Republicans for piling on? Heck, I say we blame them all.
Blame them all and throw them out. I fear if we keep going as we are with politicians that obviously don't care about their constituents we may end up like France in 1791.