Wednesday, January 31, 2018

And what was that about stocks being higher than ever?

Did he cross off his brag about the stock market in his speech?  I haven't seen any comment on that.
Dow drops 400 points ahead of Trump's first State of the Union

The Dow Jones Industrial Average fell more than 400 points Tuesday, the largest drop in the key stock index since June 2016.

The Dow dropped to 26,028 on Tuesday afternoon, roughly 400 points below Monday’s close, before ticking back upward by 1:40 p.m. It’s the second straight day of losses for the Dow, and largest single-day drop under President Trump.

[...]

Even with the drop, the Dow is up more than 8,000 points since Trump was elected in 2016. The Dow closed at a record high more frequently in 2017 than in any other year in its history, breaking the mark of 69 record highs set in 1995.

But the booming equities market has triggered concern among policymakers that investors could be overvaluing stocks, setting up a nasty correction. Wall Street veterans say traders see an approaching end to the Trump stock boom, partially due to rising interest rates around the world.

  
...but hey, do what you want...you will anyway.

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