People who think the stock market is a measure of economic health are amusing but dangerously ignorant of why it failed to reflect Obama’s disastrous economic record.
For those invested it is certainly a measure of economic health to them and business. We had 8 yrs. of seeing Obama’s economic record...
We’re on the upswing and I’m enjoying seeing it happen.
People who think the stock market is a measure of economic health are amusing but dangerously ignorant of why it failed to reflect Obama’s disastrous economic record.
I think most historians would cite the period of 1920 to 1928 as a fantastic boom period in the US, with the same characteristics....some people speculating in the market or real estate, and getting rich...then most of these people fell in 1929.
I would suggest this though. This story of the week with Apple bringing $350 billion back into the US, and hiring up 20,000 new employees is a major factor for the next five to ten years. The other technology companies are stuck...they have to bring their money back as well, and play into the same strategy. With the exception of the college loan business...everything really looks great for jobs and growth for the next five years. Even if Trump retires in 2020...his effect on the economy will be felt for at least another five years.
Could you enlighten those of us that don’t understand that?
Every other market is booming too. The DOW is simply a predictor of future growth and it loves what Trump is doing.