Stocks Surge Again; Why These Figures Are More Critical Than 'Dow 20,000'

[expat_panama]

Stocks Surge Again; Why These Figures Are More Critical Than 'Dow 20,000'

DAVID SAITO-CHUNG

1/25/2017

Stocks Surge Again; Why These Figures Are More Critical Than 'Dow 20,000'

Stocks up. Small caps up. Really large caps up. Bond yields up. Commodities up. Foreign equities up.

Is this going to be a common refrain of the Donald Trump bull market?

Of course, all predictions are nothing more than that, and they can be wrong more often than right.

However, the savvy investor makes judgments about the current direction of the market by evaluating the hard evidence presented each day at a time. And lately, the evidence has been overwhelmingly positive for the bulls.

MP012517Stocks on Wednesday added to Tuesday's steep advance as the Dow Jones industrial average cracked the psychologically interesting 20,000 level for the first time, rising 0.8% and marking an all-time high in the process.

The Nasdaq composite and the S&P 500 joined the 30-stock blue chip index in striking new high ground. The Nasdaq edged out the S&P 500 with a gain of almost 1% and is now up 5% for the year...

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imho focusing on the Dow is the favorite past time of them that don't invest. Them that do understand that the Dow's an underachiever:

 

[william the wie]

Trump's assumption that potential GDP growth is affected more by regulation than taxes and taxes are too high too falls outside the parameters of most economic models I know of. His energy EOs so far should add 1+% to GDP by the end of the year, if he is right.