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Quote:You guys are so selective in giving credit and casting blame.   Trump gets credit for the Dow going up a few hundred points, but Obama gets no credit for the Dow going up 13,000 points when he was President.   The Dow almost TRIPLED during the Obama administration.  

 

As with Trump, it wasn't hard given where it was when he started.

 

We would have been past 20k with 0bama had his policies been not so restrictive towards economic growth.

 

You seem to selectively leave out the fact 0bama had the lowest average GDP growth of any president since WWII, and second worst record on debt since 1953.

 

Companies cut jobs and got lean.  They properly reacted to economic conditions to stay alive.  Many sat on cash and stopped reinvestment, using less debt when they did invest.  Record employees dropped completely out of the workforce.

 

It's rising now because of hope for better growth under Trump policy.

Quote:These are the same people that told the Dixie Chicks to get out of the country for criticizing George W. Bush, and then praised Ted Nugent for criticizing Obama.  Now that Trump is President, it's probably unpatriotic to criticize the President again.  

It reminds me of this political cartoon:

 

I'm sure your programmers are proud of your assimilation.

Quote:I'm sure your programmers are proud of your assimilation.

 

They weren't as good as your programmers obviously, because I've actually criticized Obama and given Trump some credit (where I feel it's warranted).  

The thing that both sides of the political aisle are forgetting is that the stock market is going to do what the stock market does regardless of who's in office (for the most part).  Certain sectors may vary by doing better or worse depending on policy, but overall the market really has very little to do with The President.

 

We'll soon see a dip in the market because that's pretty much normal.

 

Giving President Obama "credit" for the stock market rising as much as it did since 2008 has little-to-nothing to do with his policy or administration.

 

By the same token, giving President Trump credit for the recent jump in the market has very little to do with what he's done in less than a week.

 

I'll call it right now and say it.  Another "housing bubble" is blowing up and will burst soon.  Bank stocks are going to tumble.  It's going to take either another intervention like TARP, or the world economic system is going to collapse.

I have given a lot of credit to Obama for the stock market. 

 

I don't give him credit for "reviving" the auto/banking industries. At best it should have been phrased propping up due to trillions in fake money. Same goes for Bush.

 

I also don't give him credit for gas prices being lower. Most of that is due to the fracking that he fights so hard against. Gas prices are lower in spite of him. 

Obama left a pretty good economy for Trump.

Quote:Obama left a pretty good economy for Trump.

Sure, if you like a labor participation rate that's at historically low levels, national debt that has doubled in eight years, higher poverty levels than when he took office, more people on food stamps and other federal assistance than at any other time in our history, higher personal debt than at any time in decades, and the weakest GDP growth of any president in modern times, things are just peachy.

Quote:The thing that both sides of the political aisle are forgetting is that the stock market is going to do what the stock market does regardless of who's in office (for the most part). Certain sectors may vary by doing better or worse depending on policy, but overall the market really has very little to do with The President.


We'll soon see a dip in the market because that's pretty much normal.


Giving President Obama "credit" for the stock market rising as much as it did since 2008 has little-to-nothing to do with his policy or administration.


By the same token, giving President Trump credit for the recent jump in the market has very little to do with what he's done in less than a week.


I'll call it right now and say it. Another "housing bubble" is blowing up and will burst soon. Bank stocks are going to tumble. It's going to take either another intervention like TARP, or the world economic system is going to collapse.

Quantitative easing has much to do with the booming stock market. As the fed pumped more money into the system, it has artificially inflated the markets. With interest rates starting to rise, watch what happens. It won't just be another housing bubble bursting.

Quote:Quantitative easing has much to do with the booming stock market. As the fed pumped more money into the system, it has artificially inflated the markets. With interest rates starting to rise, watch what happens. It won't just be another housing bubble bursting.

 

Oh I very much agree.  The "robust economy" that liberals are claiming that Obama produced is actually doomed to fail.  Interest rates should have been risen AT LEAST last spring if not earlier.  The problem is that the Fed as an institution was in the tank for Obama.  They held off raising interest rates until it became apparent that cankles wasn't going to win the election.  They (specifically Janet Yeldon) held off on raising interest rates simply to protect Obama and his "legacy".  Now that Trump is the President, they'll raise them again.  The Fed is actually a very powerful arm in government that most people don't really know about or understand.

From what I see it has been China dictating the markets in 2016/17. The early wobble in 2016 and a crash in commodity prices then the steady growth later in the year with commodities going gang busters again on Chinese demand. Mixed in with hope of trump borrowing lots (awkward) to fund his infrastructure projects and we have a bull market. I've made almost 50% in a year with some slightly lucky picks. I'm selling down now there will be a market wobble again at some point this year. Maybe when the brits actually trigger article 50.

Quote:From what I see it has been China dictating the markets in 2016/17. The early wobble in 2016 and a crash in commodity prices then the steady growth later in the year with commodities going gang busters again on Chinese demand. Mixed in with hope of trump borrowing lots (awkward) to fund his infrastructure projects and we have a bull market. I've made almost 50% in a year with some slightly lucky picks. I'm selling down now there will be a market wobble again at some point this year. Maybe when the brits actually trigger article 50.

 

Blah... blah... blah.  If you actually made 50%, especially in commodities you would be a very well known economist.

Quote:Blah... blah... blah. If you actually made 50%, especially in commodities you would be a very well known economist.

Fine dont believe me. Have a look at the share price of south32 dual listed in London/Australia over 12 months. Lucky timing.

Quote:Questions .... assuming most of you are middle aged.


Are you getting more aggressive with your 401k investment (e.g. diversifying) ? The reason I ask is because I went into protective mode when the Dow hit 18,500 because we're comfortable to date but in a way I feel like I'm not taking full advantage of the bull market.


Are you thinking of investing in anything this year (e.g. Oil Stocks or other stocks, Housing, etc.) ?

Diversify diversify diversify ask your guy or gall diversify diversify diversify


But yes equities look like they are going to start a run here. That means inflation will follow and not participating in the market risks greater loss of purchasing power. You should look to rebalance but within a strategy that still takes into account your major factors of risk tolerance.

Quote:Sure, if you like a labor participation rate that's at historically low levels, national debt that has doubled in eight years, higher poverty levels than when he took office, more people on food stamps and other federal assistance than at any other time in our history, higher personal debt than at any time in decades, and the weakest GDP growth of any president in modern times, things are just peachy.

 

Bamster kept the economy locked down, Trump can make a few moves and we'll see tremendous improvement. In that sense he did leave a good economy.

Quote:Oh I very much agree.  The "robust economy" that liberals are claiming that Obama produced is actually doomed to fail.  Interest rates should have been risen AT LEAST last spring if not earlier.  The problem is that the Fed as an institution was in the tank for Obama.  They held off raising interest rates until it became apparent that cankles wasn't going to win the election.  They (specifically Janet Yeldon) held off on raising interest rates simply to protect Obama and his "legacy".  Now that Trump is the President, they'll raise them again.  The Fed is actually a very powerful arm in government that most people don't really know about or understand.

 

I don't get it.   Do you think the fed should raise interest rates or not?   

 

You say they kept them too low for too long, but now you say they are going to raise them to sabotage Trump.  So should they raise them or not?  If it was wrong to keep them so low for the past 8 years, why would you think they should keep them low now?  

 
If the federal government has to borrow a trillion dollars to fund the Trump Infrastructure Plan, don't you think interest rates would go up regardless of the fed?   

 

It seems like you're just preparing to cast blame on someone else when Trump fails.  You'll blame the fed, for doing what you and he said they should have been doing all along.  

Quote:Questions .... assuming most of you are middle aged.

 

Are you getting more aggressive with your 401k investment (e.g. diversifying) ?   The reason I ask is because I went into protective mode when the Dow hit 18,500 because we're comfortable to date but in a way I feel like I'm not taking full advantage of the bull market.

 

Are you thinking of investing in anything this year (e.g. Oil Stocks or other stocks, Housing, etc.) ?

 

Here's my advice.   Diversify.   Don't let any one sector hurt you.  Stocks, bank CDs, real estate, and cash.  

 

Don't try to outsmart the markets.   The big money that moves markets is already way ahead of you.   You can't win my buying and selling.   You can only win in the long run by buying and holding.  Never sell anything.  

 

Don't buy when stocks are up.   Don't buy in a bull market.   Buy in a bear market.   Buy and hold.  

You can buy anytime - NEVER try to time the market.

 

Best advice is to not over-think it and never buy single stocks.  Here's how:

 

http://www.daveramsey.com/blog/how-to-in...tual-funds

 

Change the mix based on how long the money will be in the market.  As you age and get closer to drawing, your mix should change to more conservative.

Quote:Bamster kept the economy locked down, Trump can make a few moves and we'll see tremendous improvement. In that sense he did leave a good economy.

 

Yup.  Economics 101 level changes will have a big effect.  Simple, common sense changes and it will soar.  Again, that policy is reflected in an optimistic market and investors.

Quote:I'll call it right now and say it.  Another "housing bubble" is blowing up and will burst soon.  Bank stocks are going to tumble.  It's going to take either another intervention like TARP, or the world economic system is going to collapse.

we are a couple years away from this, but I completely agree.  

Quote:I don't get it.   Do you think the fed should raise interest rates or not?   

 

You say they kept them too low for too long, but now you say they are going to raise them to sabotage Trump.  So should they raise them or not?  If it was wrong to keep them so low for the past 8 years, why would you think they should keep them low now?  

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If the federal government has to borrow a trillion dollars to fund the Trump Infrastructure Plan, don't you think interest rates would go up regardless of the fed?   

 

It seems like you're just preparing to cast blame on someone else when Trump fails.  You'll blame the fed, for doing what you and he said they should have been doing all along.  

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Certainly the Fed should raise interest rates.  The probable .25% may cause a slight dip in the market, but it's pretty much expected.  A higher rate increase such as a 1% rate hike (highly doubtful) would cause a major correction in the market.

 

The point is, the Fed should have started gradually increasing interest rates since at least last spring.  Doing this prior to the election would have slowed the market down, thus my comment about them holding off for so long to protect 0bama's "legacy".

 

Regarding your comment in bold, the Fed are the ones that actually set interest rates.