Dow Jones Tops 20k for the First Time!

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If everyone is so sad about Trump winning, why is the stock market doing so well??

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en.wikipedia.org/wiki/Dow_Jones_Industrial_Average
federalreserve.gov/monetarypolicy/quarterly-balance-sheet-developments-report.htm
twitter.com/AnonBabble

Soros shorted the market because he thought Hillary would win. Even Soros knows the crap he promotes is bad for the economy.

it's a bubble, created by the obongo economy.

sad part is, when it bursts they are going to blame it on Trump and capitalism

this is probably irrational exuberance tho
be wary

Its pretty bad actualy

starts with 19.994,48 and ends with 20.033,77

Nazis desperately looking for good news while there country is slipping in to anarchy.

no joke the kikes at the fed are going to fuck with intrest rates FINALLY and cause a crash just to spite him

this market boom caused by trump is actually freaking me out and has been eversince nov8, reaching new heights means that the upcoming crash will be harder than expected, and it WILL be blamed on Trump by economically illiterate lefties and not on the fed's buttfucking retarded low interest rates for almost 8 years to stimulate Obongo's economy to make him look like a savior, this timeline is about to get real cray yo

>Nazis desperately looking for good news while there country is slipping in to anarchy.
Never has there been a less self aware post

based Trump is already saving the economy

You're doomed
>Isolating the USA from the rest of the world on political and economic levels
>Rumors of war with Iran
>Wants to move labour to US
>Making labour, and thus production more expensive
>Which will cause prices on products to skyrocket
>Is also terminating foreign trade agreements
>Making investors nervous
>Which in turn weakens the dollar
>Also threatens to impose massive high import taxes
>Making foreign products even more expensive

Your economy can't survive on its own.

>>Making investors nervous
the DJIA begs to differ

It's nothing but a hype.
>Implying moving labour from India/China to the US is affordable
>Implying production won't be automated.

DJIA is severely overbought, don't fall for the (((market))) jew's trap.

>Hype
I think you mean bubble you economic dunce

The time to buy is now! Get more Facebook stock! Every like is worth 100$ after all!

What the fuck are you talking about?

>tfw the dow hits just right

I'm not even tired of winning yet.

That's why Trump is staying loyal to Israel.

Duh!

Life finds a way

>Implying moving labour from India/China to the US is affordable
>IMPLYING IT IS NOT
They have a bunch of people who live on welfare (especially blacks and libetards). Force them to take the job or they will stop getting money.

>Netherlandsposting

Worse than a leaf, one might argue

Socialist here, I'm ok with this!

I feel you. I want more chaos in the world and a financial crash will do just that, but I don't want trump to cop the blame again for more bullshit he didn't do

Meanwhile standard of living goes up because everyone has a job.

Lol

>That's why Trump is staying loyal to Israel.

who is CFR in his cabinet?

I used to think this, but Trump is such an amazingly good goy that they might just be planning to use him to help Israel.

>2017
>retards STILL using the Dow Jones

Not hating on Trump, the S&P 500 is doing great as well, but anyone who argues with the Dow Jones is either a complete retard or tries to lie to retards.
Please let this shitty index die.

Anyone else remember shemita and wanting the stock market to crash?

Invested 19K a few months ago
>for key has praised us not only with digits but with wealth and the finest of wines

obama got it from 6.5k to 19.5k.

but of course it hits 20k and trump gets all the credit LOL

Kek*

dow and the s&p move pretty much in lockstep buddy

Why is it shitty?

The only reason it's doing better is because of the DAPL and Keystone XL being approved. Before yesterday, the DJI was pretty flat.

>wanting the stock market to crash
That'd make Trump look bad
It's best for him to hold it up until we get a leftist to take the blame

They're already calling it the 'Trump Rally'

WE'RE PARTY LIKE IT'S 1928!!! PROSPERITY IS JUST AROUND THE CORNER!!!FACT!!!

explain this to me.

when the keystone xl got approved yesterday the price of a barrel of oil INCREASED by like 3 bucks.

keystone xl is supposed to make oil cheaper, in what way does this make any sense

It was a time before trump
One of the year of jublie

Market performance

With the current inclusion of only 30 stocks, critics such as Ric Edelman argue that the DJIA is not a very accurate representation of overall market performance. Still, it is the most cited and most widely recognized of the stock market indices.[39][40] Additionally, the DJIA is criticized for being a price-weighted average, which gives higher-priced stocks more influence over the average than their lower-priced counterparts, but takes no account of the relative industry size or market capitalization of the components. For example, a $1 increase in a lower-priced stock can be negated by a $1 decrease in a much higher-priced stock, even though the lower-priced stock experienced a larger percentage change. In addition, a $1 move in the smallest component of the DJIA has the same effect as a $1 move in the largest component of the average. For example, during September–October 2008, former component AIG's reverse split-adjusted stock price collapsed from $22.76 on September 8 to $1.35 on October 27; contributing to a roughly 3,000-point drop in the index.[41]

As of December 2016, Goldman Sachs and 3M are among the highest priced stocks in the average and therefore have the greatest influence on it. Alternately, Cisco Systems and General Electric are among the lowest priced stocks in the average and have the least amount of sway in the price movement.[42] Many critics of the DJIA recommend the float-adjusted market-value weighted S&P 500 or the Wilshire 5000, the latter of which includes all U.S. equity securities, as better indicators of the U.S. stock market.

en.wikipedia.org/wiki/Dow_Jones_Industrial_Average

TL,DR: The Dow was created in 1896 and uses a very easy, but essentially retarded formula that no index created nowadays would use. 30 stocks is too tiny and it doesnt look at the companies sizes, which is a gross misrepresentation of the truth.
I

OPEC cut its output over a month ago. Also, Canadian oil is expensive oil. Just to break even for average tar sand oil, the price has to be at around $70/barrel.

On average in a place like Saudi Arabia, it only costs around $13/barrel to extract and process.

so we're all applauding the keystone because it just made gas more expensive? lol

The US could easily become self sufficient.

For example, the jump over 20k today, over 20% of that jump was just Goldman Sachs

I don't think a lot of people appreciate how big Trumps promise to cut regulations is. Obama alone has cost US business over 80 billion in cost with just the regulations that he implemented, so the promise to get rid of the useless redtape that don't even protect consumers is massive.

No, because our dollar has rallied. It's up 1.5% over the past two days.

It doesn't actually make it more expensive, it's just the oil glut is starting to run out around the world.

Lol now he's gonna be covering at 20k, better yet I bet the cocky fucking Jew doubles down on his position and loses another billion or two.

in the old days not everyone was an index investor like they are now so price weighting made more sense than doing it by market cap.

its just a rough descriptive statistic of the general economy, no one is claiming that its a perfect one number catch all that perfectly represents the health of the overall economy.

This cunt is dying so he needs to do as much damage as possible.
Just imagine, he spent all this money for Hillary to win, all the media and shit but she lost.
Possibly one of his last battles before death and he lost it, all he has left to do is turn Europe brown and he's also loosing this battle. Once he's gone I don't think there is anymore hard-core left funding left.

Anyone know any other left-wing billionaire willing to fuck up the world?

>tfw I didn't bet for trump
>tfw I didn't buy low just after the election when the market got a mini-crash
>tfw didn't reinvest on american companies

so why did the price of oil go up by 3 bucks the day keystone was approved?

The OPEC stuff was over a month ago and all the extraction costs are built in. The market yesterday was moving purely on the keystone decision.

Wallstreet knew Trump was winning when he beat out every gop against him.. this rally since June is the Trump rally.

you would pay 30% corporate foreign withholding tax anyway as a non american so its pointless

Wishful thinking that Europe won't be brown

I guess you've never heard of Prudhoe Bay or the gulf of Mexishit. We currently have oil reserves for an entire century faggot.

The entire Jewish race

woah, I thought the US was more friendly with foreign investors 30% is a lot

Price weighting never made any sense, its just easier to calculate. The Dow can raise while someone who fully owns all 30 Dow companies loses money, that shit is retarded.
Its inferior to market cap weighting on every level and 470 companies smaller than the S&P 500, theres no excuse to use the Dow anymore.

Because obviously if Trump cuts the corporate income tax to 15% p/e ratios will improve.

I switched a lot of my funds to ones that heavily or solely invest in American interests, right after the election . Hoping for the best.

Are you special?

Holy triples for truth.

His sons will pick up the mantle.

>leaf
Trump has only been in office for 5 days, leaf. It surged from the 18000s to this after he got elected. DOW 30K in 2020 confirmed.

>leftists continue to stomp and complain about not getting gibmedats while people with actual jobs and investment portfolios see their wealth grow

Stock market is a bubble.

t. unaware leaf

An increase in the price of oil is almost always good for any oil-producing nation (along with the US because muh petrodollar, but they are also an oil producer nation now).

It's a cycle.

>demand for oil increases worldwide price
>people buy oil from country X
>buying oil from country X means people buy more of their dollars in order to buy oil
>value of country X's dollar increases
>increased value of the dollar increases purchasing power
>increased purchasing power means you buy more of any good, including oil itself, for less in that country with that dollar

I'm sure you noticed how even though oil prices tanked, we're still paying out the nose at the pump. It's because our economy was so dependent on oil exports, and the value of our dollar tanked with the price of oil, so we're ending up paying more for literally everything. A decrease in the price of oil is only really good if you're an oil importing nation.

An increase in oil price also helps the US, because they force the petrodollar. So everyone that wants to buy oil first must buy US dollars and use those to buy from oil producing countries, who then buy their local currencies with the US dollars they were given.

>so why did the price of oil go up by 3 bucks the day keystone was approved?

Because prices of goods also go up depending on perceived future consumption. Keystone XL oil is more expensive than current market oil, so we're not seeing the decrease in price that would normally accompany a future production increase.

What we ARE seeing though is people expecting the economy in general to do better, which means increased consumption and production of non-oil goods, which increases the price of oil.

checked

and i'm making money

Thanks obama.

yes we survived the big tanking prediction. in the pit, in the pit.

crash is coming.
NOBODY can stop it.
it took decades to build up to this point.
Trump is the best to have at the helm for this, or you think Hillary would be better?
people like her help to make this one worse.
pic related

>Socialist here
you have to go back

>he thinks a country with funny money can actually default on its debt

Holy fucking shit kek.

>>Wants to move labour to US
jobs = paychecks

He has a son that's been groomed for it.

Kill yourself marxist trash

TO INFINITY AND BEYOND!

Thankfully for us his son isn't half as smart as he is

>Rumors of war with Iran

>Iran.
>War

This doesn't look stable at all
What happens if it crashes?

no survivors

>a fucking toothpaste

Was hoping this didn't happen before the 20th.

A "crash" is just a correction - The overall long term trend is an upward growth curve

But in the shorter term, we'll see the market levels adjust and correct, as is natural when the current market value price line deviates from the mean average growth line too drastically

It'll go back down to 8,000 at the lowest when it "crashes", and people are panic selling - Then people with tons of money will be getting rich buying premium stock for pennies on the dollar

Pretty much all of them, though none to the extent that Soros does.

I dont thini itll crash, the lowering of taxes. Jobs addition, and lowering of trade deficits all help the economy positively. Not to mention the repatriation of offshore assets. Dont fuck with Trump and Mnuchin, they know what they are doing.

That has been my theory. Israel has 8 million and only SIX MILLION are Jews. There is about 14 million Jews in the world and seems like they're only declining.

>And believe me, the day Obama goes off and he leaves and he goes out to the golf course for the rest of his life to play golf, they are going to raise interest rates. You are going to see some very bad things happen

I am not contending that an increase in the price of oil is good for the canadian economy.

I am saying that when a project is approved that specifically increases both efficiency and access to the resource, its price should not increase.

The stock market has been doing well and oil is correlated with equities to some degree (ben bernanke wrote about this recently), but the correlation is not nearly big enough to explain the singular bump experienced yesterday.

Oil went from ~105 to ~40 in 2014, whereas the candadian dollar only went from .95 to .8 (this is a 60% decrease vs a 15% decrease. Obviously correlated but not nearly explanatory.

The reason prices stayed high at the pump is due to friction in markets and gouging/cartel like behavior, otherwise we would have experienced the full 60% drop, dollar depreciation has only been 20% at most, and some of it is due to other factors such as the low rate environment here while usa is raising.

>What happens if it crashes?
It won't

His son is a complete cuck. He has more chances of starring in gay blacked than being a puppet master like his father.

everytime we have these threads someone comes in and posts a graph of asset prices that doesnt use a log scale and screams muh buble and it makes me want to kill myself

Canadian governments provincially to federally worked to pro-actively price fixed the pumps when the oil price was dropping, since they knew it would be an easy way to sneak in a carbon-tax at the time

Sneaky move, consumers didn't notice

This is why trump will audit the fed, and show its corruption as a reason to kill it. Remember he tweeted how rand was right about the fed.

>trump will audit the fed
el oh el
No he won't

that'd cause a huge issue of people not trusting the dollar

what do people even mean by audit the fed?

you do know you can see exactly what assets the fed owns, how much it trades, when it trades etc. right?

the entire balanced sheet is published

federalreserve.gov/monetarypolicy/quarterly-balance-sheet-developments-report.htm

>The reason prices stayed high at the pump

is because much of what you pay is taxes, when it's a dollar a liter, 30 cents is some form of tax

what do you think is magic about log scales?

It will be crashed. Buy 100 shares SKF short. Fair warning.