Posted on 01/26/2017 3:53:21 AM PST by John W
The momentum for U.S. stocks continued on Thursday, with stock futures pointing to fresh records at the open for all three major benchmarks ahead of a spate of earnings and economic reports, including jobless claims and home sales.
Futures for the Dow Jones Industrial Average gained 46 points, or 0.2%, to 20,049, indicating a second straight day of opening above the psychologically important 20,000 handle. The benchmark DJIA, +0.78% on Wednesday reached the milestone for the first time ever, closing up 155.80 points to 20,068.51 over optimism over President Donald Trump’s policies and a solid round of corporate earnings.
(Excerpt) Read more at marketwatch.com ...
And when the Dems you know start caterwauling about how it only benefits the rich, tell those who actually have jobs to look at their 401Ks.
I remember when President Reagan was inaugurated in 1980...
the Dow went over $10,000 for the 1st time...
:)
My boat is floating !
I think you are a bit off. By maybe 8,000 or more.
You don't need to have a 401(k), either. 403(b) plans, 529 plans, 457 plans, IRAs, and even teachers' or other public pension plans--they're ALL benefiting from an up market.
We've had a President for 8 years, do all he could to talk the markets down, to see how much governmental weight could be placed on the backs of business, and to make decisions that were decidedly anti-growth.
Democrats...especially the rich liberals, want all the benefits of a rising stock market, but they won't cheer for it. They don't buy into the "rising tide lifts all boats" theory, but it certainly does.
I hadn’t thought of all of those other funds that will benefit from the Trump stock market. You’re right.
And the Dems will never acknowledge it. Obama will take full credit for the soaring market.
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