Posted on 09/02/2020 1:32:38 PM PDT by EyesOfTX
Just thought a little good news was in order here. Today, in response to continuing positive economic news and growing optimism about President Donald Trump’s re-election chances, the stock market rocketed skywards into new record territory.
The NASDAQ shot over 12,000 for the first time to reach a new all-time high. The S&P 500 closed at 3,581, also a new record close.
Meanwhile the Dow Jones Industrial average rose by 455 points to close above 29,000 for the first time this year, finishing the day at 29,101. The Dow has now regained 98% of its losses early this year, and is within 400 points of its all-time record close.
The Trump economy just will not be held back.
Recognize that this massive growth has been achieved with despicable Democrat governors in states like New York, California, New Jersey, Michigan, Pennsylvania and else where keeping their economies shut down for no reason other than cynical attempts to influence the outcome of the November elections. Sadly, they have been joined by a handful of Republican governors in states like Alabama, Arizona and Ohio in those efforts.
But no matter, the Trump economy just shrugs them off like flies on a horse’s rump, and keeps on moving ahead.
Meanwhile, in other wonderful news, Queen Nancy Pelosi put out a statement today claiming she was “set up” by the hair salon owner she actually intimidated into opening on Sunday. Taking no responsibility for not knowing the current state of COVID restrictions mandated by her own step-nephew, Dictator Gavin Newsom, she said the salon owed her an apology for causing her office to be inundated with complaints:
Here’s the deal, folks: Queen Nancy is lying through her dentures about all of this. She is, without question, the very worst person in this country.
That is all.
The NASDAQ shot over 12,000 for the first time to reach a new all-time high. ..................... If true, the Democrats are going to need a stronger virus by next month.
Those prices are just reflecting the value of the dollar.
Meanwhile, lumber is up. 4x8 OSB was $9 a couple of months ago. Now it’s $22. And the face plate for an outdoor outlet I bought from Amazon two months ago for $3.75 is now available for $11.98.
Yeah, the markets are up. All of them...
Some good news: The LED shop lights I bought for $109 are now at $99. But that is sort of a Moore’s law thing...
Glad to hear about the stock market rally.
I’m guessing that does not include Tesla (TSLA).
I just started trading stock a few days ago.
Still experimenting with a little cash here and there.
I had a few shares of Tesla, but had to sell it.
I was losing to much money in the short term.
Tesla has great potential, but is presently quite volatile.
Too much of a rollercoaster for me right now.
Even my stocks went up - now the market has really gone crazy!
DemocRATS sad.
The Dow Jones Industrial just closed above 29,000! You are so lucky to have me as your President😉With Joe Hiden’ it would crash😧— Donald J. Trump (@realDonaldTrump) September 2, 2020
The Witch is having a very bad week.
She got caught breaking CA Covid 19 rules.
Joe Kennedy who she supported lost his MA Senate race.
Trump had a great WI visit yesterday with supporters lining the Streets.
Trump has forced Zombie Biden out of his den.
And now this.
Very bad week so far.
That’s actually a Fed-based frenzy bubbling wealth up to the top.
But yeah, it looks and feels good for now.
Paul Krugman is deeply saddened.
OK, you’ve stumped me and forced me, at age 77, to display my lifelong abysmal ignorance. What, in the name of Heaven, is a “face plate for an outdoor toilet?” Also, if I owned an outdoor toilet, why might I want one?
“Those prices are just reflecting the value of the dollar.”
Agreed.
They don’t even have the honesty of a decent hooker anymore; They don’t even print the garbage. Just give folks a plastic card they can use to buy more crapola.
Like Fred & Barney with the Great Gazoo.
Trump predicted a V shaped recovery. It is happening.
Democrats are pissed.
I think the markets are making a longer term bet. They are factoring in a massive in-sourcing of production which has probably already started.
I’m curious how the media will explain this away. One possibility is they’ll attribute the strong markets anticipating Biden being elected.
they will ‘force’ it down closer to the election ima guessing ..
I suppose we’ll see the job numbers soon. Good Luck, hope things are picking up again.
What, in the name of Heaven, is a “face plate for an outdoor toilet?” Also, if I owned an outdoor toilet, why might I want one?
Actually, I meant OUTLET, not toilet. I have no idea what I was doing. I’m 66 and am losing words. We are growing a lot of cucumbers this year, but every time I mention them I struggle to remember what they are called. I use secondary indexes and immediately go to “pickle” and then ask myself what pickles are made of. Cucumbers, of course.
I make light of it, but in the same way a guy with a hearing aid says he doesn’t really need one. I’m in IT as a business analyst. This has not affected me on the job yet, but since I’m retiring as soon as the lockdown ends, I’m good. :)
Does Street want Trump to win...but can not say it out loud...
OR
Do they have a crash planned for October????
OUTlet... it’s a outdoor weather proof covering for an electrical outlet, 8^)
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