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What gives is that people are forgetting that the Dow 20K thing was already super close toward the end of Obama's term, and that the DJIA stood at 8279.63 on th
by ubernostrum 10y ago
What gives is that people are forgetting that the Dow 20K thing was already super close toward the end of Obama's term, and that the DJIA stood at 8279.63 on the day of Obama's first inauguration.
If you're riding what are basically daily fluctuations of the massive high achieved in your predecessor's term, it's hard to claim the market likes you.
- sf_rob 10y agoThe fact that markets haven't tanked suggests that investors aren't predicting major negative events in the future. That doesn't mean investors are correct, but I would think that if "[b]usiness is figuring out that the Trump endgame isn't going to be good" then it would likely be reflected here.
- mjmsmith 10y agoMaybe so. But there's also people's natural desire not to believe the worst will happen. I admit to being one of those people in 2007. Based on the last couple of weeks, I don't see good reason to believe that his (and Bannon's) recklessness will be brought under control.