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Dow 26,000:


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On 1/16/2018 at 1:49 PM, steve from amherst said:

Seven trading days. That's how long it took the Dow to rocket from 25,000 to 26,000.

 

The trip above 26,000 was brief: The Dow lost altitude throughout the day and was down by afternoon, erasing a gain of nearly 300 points. There wasn't an obvious catalyst for the pullback.

Still, the Dow has spiked more than 7,000 points, or about 40%, since President Trump's election. The stock market boom reflects enormous excitement on Wall Street about record corporate profits and strong economic growth at home and abroad -- all of which could be boosted by the GOP tax overhaul.

"The market has certainly come out of the gates fast in 2018 after a stellar 2017," said Art Hogan, chief market strategist at Wunderlich Securities.

The above was posted January “18. It’s now August “19. How much past 26,000 has the market rocketed? 

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1 minute ago, spin_dry said:

The above was posted January “18. It’s now August “19. How much past 26,000 has the market rocketed? 

It has definitely hit some resistance at this mark. I dont see it breaking much higher until something gets resolved with China. 

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1 minute ago, spin_dry said:

The above was posted January “18. It’s now August “19. How much past 26,000 has the market rocketed? 

Not much at all. Basicly been going due east for the last yr and a 1/2

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1 minute ago, steve from amherst said:

Not much at all. Basicly been going due east for the last yr and a 1/2

Uh huh. Tax cuts and corporate debt got it to 26k. It’s been sputtering along on fumes ever since. Periodically reality sets in and a correction occurs. Within a week it’s back to fantasy land. Even the best acid trips have to end. 

 

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1 minute ago, spin_dry said:

Uh huh. Tax cuts and corporate debt got it to 26k. It’s been sputtering along on fumes ever since. Periodically reality sets in and a correction occurs. Within a week it’s back to fantasy land. Even the best acid trips have to end. 

 

Those who arent in on the shell game will be left holding the empty bags as usual

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36 minutes ago, spin_dry said:

The above was posted January “18. It’s now August “19. How much past 26,000 has the market rocketed? 

That’s why idiots are talking about year to date returns. They don’t want to talk about the last 18 months.  

 

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4 minutes ago, revkevsdi said:

That’s why idiots are talking about year to date returns. They don’t want to talk about the last 18 months.  

 

yes we should all be miserable bitches like you and never focus on positive only negative SMH 

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39 minutes ago, spin_dry said:

Uh huh. Tax cuts and corporate debt got it to 26k. It’s been sputtering along on fumes ever since. Periodically reality sets in and a correction occurs. Within a week it’s back to fantasy land. Even the best acid trips have to end. 

 

You said that when it was at 18,000 too.  Not sure why some here always want to cherry pick time lines.  Investing is a long term exercise and long term, there is no better place to invest your money, unless maybe you’re buying a business. :bc:   Earnings and many other metrics used to explain market movements remain very strong.

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18 minutes ago, washedupmxer said:

yes we should all be miserable bitches like you and never focus on positive only negative SMH 

I think it's great watching you people celebrate every time it clears 26,000.  

Like gamblers in vegas who only talk about the days they win.

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54 minutes ago, f7ben said:

Those who arent in on the shell game will be left holding the empty bags as usual

Not Arctic Beta.  If he can pick that top 10 Fidelity funds out of at pool of 120, he can do any wrong. 

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1 hour ago, revkevsdi said:

I think it's great watching you people celebrate every time it clears 26,000.  

Like gamblers in vegas who only talk about the days they win.

Because you're a miserable loser. 

I'm not celebrating 26k but 23.5 YTD, best it's been in years. Ffs get real if it happened under  some emotional liberal your have a party hat on. 

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10 minutes ago, washedupmxer said:

Because you're a miserable loser. 

I'm not celebrating 26k but 23.5 YTD, best it's been in years. Ffs get real if it happened under  some emotional liberal your have a party hat on. 

There were better returns during Obama. 

None of you knobs thought it had anything to do with the President until Trump was elected. 

I enjoy the shit show. 

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