The market doesn't care who wins...unless it's Donald Trump, lol
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Monday 11/14/16 - Dow closes at 18,868.69 still on an upswing, you wonder if it keeps going up or will be some normal profit taking. This has been led by banks, commodities, industrials.
The NASDAQ has been slowed by the techs.
But does Dow 19,000 sounds kind of scary? It will take a bite out of the capital gains buying power at the end of 2016....we'll see.
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May I ask whether the $8k was significant to your daughter's decision/ability to buy when she did? If it was, then it worked. If it wasn't for whatever reason, but left her with money to spend furnishing and/or renovating her new home... then it worked. ONly one instance... only one person, but ultimately that's how any stimulus works... increasing the spending of one person at a time, but with millions of people in parallel.
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She had just gotten married and they were getting a house regardless so the $8,000 played no part in that decision to buy when they did. I always believe in using history as a guide to what works and what doesn't work to stimulate an economy. Lower taxes and regulations work. Stimulus and trying to spend your way out of a recession doesn't. We have had the worst economic recovery coming out of a recession since 1949 under Obama's economy. At nearly 20 trillion in debt and climbing and our inability to pay down the national debt I see big problems ahead.
Japan had their economic meltdown in 1990 and tried to spend their way out of recession using stimulus programs and all that did was put them further behind and they still haven't full recovered. The problem they faced is what we will face. When their economy started to improve they would try to pay down the debt and that would put them back in recession.
Are you saying gain takers will hold the end of year DJIA down?
I always believe in using history as a guide to what works and what doesn't work to stimulate an economy. Lower taxes and regulations work. Stimulus and trying to spend your way out of a recession doesn't.
And I have history that says you have it exactly backwards... most of it the same history... excepting the end of the Great Depression which was finally put in our rear view by the greatest government stimulus of all time, WWII, during a period with the highest, top marginal, tax rates of all time. You can't have that one... but you can try to take it, if you like.
http://www.cch.com/WBOT2013/029IncomeTaxRates.asp
If you are truly adverse to the debt, then hold onto Browns' logoed knit cap. You ain't seen nothing yet.
"When you have a shared vision it is a lot easier to make unpopular decisions." - Paul DePodesta "When you win, say nothing. When you lose, say less." - Paul Brown Complete 2017 Browns Board Mock: http://thebrownsboard.com/forums/index.php?showtopic=46196 -
Are you saying gain takers will hold the end of year DJIA down?
I always believe in using history as a guide to what works and what doesn't work to stimulate an economy. Lower taxes and regulations work. Stimulus and trying to spend your way out of a recession doesn't.
And I have history that says you have it exactly backwards... most of it the same history... excepting the end of the Great Depression which was finally put in our rear view by the greatest government stimulus of all time, WWII, during a period with the highest, top marginal, tax rates of all time. You can't have that one... but you can try to take it, if you like.
http://www.cch.com/WBOT2013/029IncomeTaxRates.asp
If you are truly adverse to the debt, then hold onto Browns' logoed knit cap. You ain't seen nothing yet.
Are you saying gain takers will hold the end of year DJIA down?....
Profit taking is normal and will not hold any index down for long unless it's really overpriced or other factors like economic, social or just major uncertainties.
The "Santa Claus Rallies" also tend to bump up the markets if the country is in a buying mood and no other factors like extremely bad weather or again other uncertainties in the market.
Also a newer trend is online shopping which isn't bound by weather or other factors.
The year end capital gains tend to boost things a bit in a strong economy or market.
Remember too fund managers need to boost their returns at the end of the year.
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Wednesday 11/16/16 - Well the Dow takes a small rest after 7 straight up days starting before the election results were out while the S&P 500 is also down slightly NASDAQ finished slight up.
Getting close to the end of year rush to the finish. Dow 19,000+? Could happen, 20,000 next year? Doesn't seem that long since it hit 10,000 for the first time or 6,500 in 2009. I'll wait a month before calling any of those numbers.
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Actually more reversal than rest...
Fortunately I bought tech yesterday and put in a couple GT90's for banks waiting for about a 7% pull back to the trend line.
And for the record I know about year-end profit taking... just wanted to know if you thought it would stall this rally.
"When you have a shared vision it is a lot easier to make unpopular decisions." - Paul DePodesta "When you win, say nothing. When you lose, say less." - Paul Brown Complete 2017 Browns Board Mock: http://thebrownsboard.com/forums/index.php?showtopic=46196 -
Actually more reversal than rest...
Fortunately I bought tech yesterday and put in a couple GT90's for banks waiting for about a 7% pull back to the trend line.
And for the record I know about year-end profit taking... just wanted to know if you thought it would stall this rally.
I don't think normal profit taking would stall any rally in fact for traders it just might create other buy on the dip opportunities. Fundamentals would determine the stalling or further rallies in the market.Actually more reversal than rest...
Fortunately I bought tech yesterday and put in a couple GT90's for banks waiting for about a 7% pull back to the trend line.
And for the record I know about year-end profit taking... just wanted to know if you thought it would stall this rally.
And interest, dividends and capital gains are pretty much all scheduled and priced into the fourth quarter already. For mutual funds you can go to the mutual funds home and see where your individual stand as far as how much each fund will be paying out, some funds publish that information in their fourth quarter reports.
Short and long term capital gains, the added boost in your year end 401(k), stock or other portfolios.
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11/30/16 - Dow intraday hit over 19,200 still primarily led by financials, industrials, OPEC and Russia decided to cut production raising oil prices and related stocks. (do you trust OPEC or Russia?
)With Fed interest rate increases on the horizon is it time to profit take or go for broke 20,000+.
We'll see how the Trumponomics plans (as they are calling it) work out. Some are good ideas some longer term ones are still uncertain.
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12-8-2016 - The Dow 19,614 another record along with just about every other index plus Europe is also hot.
Overbought, bubble or still crazy room to fly to 20,000?
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