21k and Rising: Record-Breaking Dow Jones

Discussion in 'The Thunderdome' started by Tenacious D, Mar 3, 2017.

  1. Tenacious D

    Tenacious D The law is of supreme importance, or no importance

    Surely this thing has to soon slow down and correct itself. Or will it continue to climb?

    Link:https://www.google.com/amp/www.cnbc.com/amp/2017/03/01/us-markets.html
     
  2. bostonvol

    bostonvol Chieftain

    It will continue to climb.
     
  3. droski

    droski Traffic Criminal

    if consumer spending continues to pick up, it could become a self fulfilling prophecy.
     
  4. IP

    IP "You don't know what it is like in our universe."

    Tenny, were you aware that stock market records were broken in 2015 and 2016 as well? It is always nice when the market isn't in the toilet. Let's hope it stays that way.
     
  5. droski

    droski Traffic Criminal

    I think we'll see a natural correction, but those people talking obvious bubble are out of their minds. the corporate tax cuts by themselves are worth a 10% return in the S&P
     
  6. bostonvol

    bostonvol Chieftain

    Pro growth policies plus as interest rates rise some people will begin to pull their money out of bonds and move it to the market.
     
  7. droski

    droski Traffic Criminal

    Yeah if people start losing money in bonds for the first time ever it could cause a sell off in the bond market
     
  8. VolDad

    VolDad Super Moderator

    "This is a Trump Rally."

    [video=youtube;vxXhkUuAJJY]https://www.youtube.com/watch?v=vxXhkUuAJJY[/video]
     
  9. Tenacious D

    Tenacious D The law is of supreme importance, or no importance

    I had no idea, I'm just seeing record highs now.
     
  10. JayVols

    JayVols Walleye Catchin' Moderator

    When will wages rise like this?
     
  11. IP

    IP "You don't know what it is like in our universe."

    What, in your opinion, led to the record highs of 2015 and 2016?
     
  12. bostonvol

    bostonvol Chieftain

    It would certainly help if we fixed our current immigration mess.
     
  13. Volst53

    Volst53 Super Moderator

    Or acting like running a printing press running actually creates wealth
     
  14. JayVols

    JayVols Walleye Catchin' Moderator

    Not much immigrant competition in my profession....
     
  15. bostonvol

    bostonvol Chieftain

    The bond and foreign exchange markets had a lot to do with it. Bonds rose sharply in value, so their yields plummeted. The average dividend for the S&P 500-stock index was about 2 percent, much higher than the yield on a 10-year Treasury note. Many investors moved to stocks in search of a better deal.
     
  16. TennTradition

    TennTradition Super Moderator

    Tax policy was still being priced in. Between regulation and tax we likely see most of the upside in the market now. If the house plans aren't aggressive we see a correction.
     
  17. RockyHill

    RockyHill Loves Auburn more than Tennessee.

    Hard to see that happening.
     
  18. droski

    droski Traffic Criminal

    I bet wages are up this year
     
  19. fl0at_

    fl0at_ Humorless, asinine, joyless pr*ck

    Haven't you or someone been saying that investors are getting better at valuating companies, leading to the smaller corrections we've been seeing?

    If so, wouldn't the continual record setting mean either : 1. valuations were too low, or 2. It's being ignored for short gains.


    If 2: that is absolutely a bubble.
     
  20. TennTradition

    TennTradition Super Moderator

    Te value of these companies changes based on tax and regulatory policy, though.
     

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