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Subject: 19,000? rss

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Chris Binkowski
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Seems people want in on the ground floor: http://www.cnbc.com/2016/11/22/if-the-dow-closes-above-19000...

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Born To Lose, Live To Win
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The Obama gravy train just keeps giving.
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non sequitur
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TheChin! wrote:
The Obama gravy train just keeps giving.


Yes. That's definitely it.
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Born To Lose, Live To Win
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Terwox wrote:
TheChin! wrote:
The Obama gravy train just keeps giving.


Yes. That's definitely it.
IKR? Nothing like handing over a stable economy full of positive indicators and trend lines to your successor to get those Wall Street Drama Queens to feel optimistic. It's like risk-analysis paxil.
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Steven Woodcock
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TheChin! wrote:
The Obama gravy train just keeps giving.


Yes, the Awesome Trump Rally is doing quite well.



Ferret
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Steve Cates
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To be fair, my long term bonds and solar stocks are in the dog house though.

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Les Marshall
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Ferretman wrote:
TheChin! wrote:
The Obama gravy train just keeps giving.


Yes, the Awesome Trump Rally is doing quite well.



Ferret


It's confusing. I thought Wall Street was the enemy. Why is a strong DOW relevant? Are you cheering for several hundred points since the Trump election? Are you silent for the several thousand points since Obama has been in office?

Is the Stock market happy because Trump got elected on trade protectionism as a platform or are they happy because Trump has walked back several campaign promises?

No doubt you and your kind will discard any tea leaves that don't line up with your dogma.
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Shawn Fox
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My opinion is still that it is a last gasp before a big fall. I won't fight the tape though, but I will buy insurance just in case everything falls apart. If there is a "Trump" rally, it will be because people realize that Trump won't be able to actually do anything that he has promised since Congress will keep him locked up in his monkey cage. He can still fling poo while he is in there, but the bars will keep him from doing any lasting damage.
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Steve Cates
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Trade protectionism may be bad. Though 70% of gdp is internal trade within the US, so we are a little more insulated than other countries. His promise, that for every new regulation we have to eliminate two, could be very good. The tax relief will certainly boost markets along with repealing Obamacare but that may take awhile.
 
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Wendell
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ironcates wrote:
His promise, that for every new regulation we have to eliminate two, could be very good.


It's so fucking simplistic. I mean, if the new regulation was "Everybody who travels on the US government's nickel has to stay at a Trump hotel", and the two deleted regulations were ones that prevented dumping poison into drinking water, would that be a good deal?

My example is intentionally over the top, but "One in, two out" is insultingly simplistic.
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Les Marshall
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ironcates wrote:
Trade protectionism may be bad. Though 70% of gdp is internal trade within the US, so we are a little more insulated than other countries. His promise, that for every new regulation we have to eliminate two, could be very good. The tax relief will certainly boost markets along with repealing Obamacare but that may take awhile.


Are you willing to give up 30% of GDP from exports (assuming that's even correct)? More importantly what impact do you think dramatic tariffs will have on prices? How about stimulus for new jobs?

As to regulations you'd have to examine them for relevance. Giving up two regulations sounds like great rhetoric. However, if those regulations are improving your health & safety like air or watershed protection, workplace safety or construction materials the net cost may well outweigh any gains.

Tax relief is also subject to a more nuanced look. Someone making over $2,000,000 might spend some of that in the economy or might invest in new production. They might also put in in savings--offshore or invest in foreign currency or foreign markets or foreign plants. We've had many years of tax cuts under Bush and preserved by Obama. What we've seen is further concentrations of wealth at the top and the deindustrialization of America and large national debt.
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Steve Cates
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Rulesjd wrote:
ironcates wrote:
Trade protectionism may be bad. Though 70% of gdp is internal trade within the US, so we are a little more insulated than other countries. His promise, that for every new regulation we have to eliminate two, could be very good. The tax relief will certainly boost markets along with repealing Obamacare but that may take awhile.


Are you willing to give up 30% of GDP from exports (assuming that's even correct)? More importantly what impact do you think dramatic tariffs will have on prices? How about stimulus for new jobs?

As to regulations you'd have to examine them for relevance. Giving up two regulations sounds like great rhetoric. However, if those regulations are improving your health & safety like air or watershed protection, workplace safety or construction materials the net cost may well outweigh any gains.

Tax relief is also subject to a more nuanced look. Someone making over $2,000,000 might spend some of that in the economy or might invest in new production. They might also put in in savings--offshore or invest in foreign currency or foreign markets or foreign plants. We've had many years of tax cuts under Bush and preserved by Obama. What we've seen is further concentrations of wealth at the top and the deindustrialization of America and large national debt.

Losing 30% of gdp would be very bad, but my statement still stands we are more insulated than other countries. They want to do business with the US.

The regulations rule is a highlight, in that, the new regulations will have to be well written and we'll let the crappy ones die. Another benefit is the tsunami of regulations (that nobody knows how to enforce anyway) isn't going to crash into the market. Congress isn't going to say you have to stay in a Trump hotel and let's get rid of the poison in the river restriction, so ridiculous.
 
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Les Marshall
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ironcates wrote:
Rulesjd wrote:
ironcates wrote:
Trade protectionism may be bad. Though 70% of gdp is internal trade within the US, so we are a little more insulated than other countries. His promise, that for every new regulation we have to eliminate two, could be very good. The tax relief will certainly boost markets along with repealing Obamacare but that may take awhile.


Are you willing to give up 30% of GDP from exports (assuming that's even correct)? More importantly what impact do you think dramatic tariffs will have on prices? How about stimulus for new jobs?

As to regulations you'd have to examine them for relevance. Giving up two regulations sounds like great rhetoric. However, if those regulations are improving your health & safety like air or watershed protection, workplace safety or construction materials the net cost may well outweigh any gains.

Tax relief is also subject to a more nuanced look. Someone making over $2,000,000 might spend some of that in the economy or might invest in new production. They might also put in in savings--offshore or invest in foreign currency or foreign markets or foreign plants. We've had many years of tax cuts under Bush and preserved by Obama. What we've seen is further concentrations of wealth at the top and the deindustrialization of America and large national debt.

Losing 30% of gdp would be very bad, but my statement still stands we are more insulated than other countries. They want to do business with the US.

The regulations rule is a highlight, in that, the new regulations will have to be well written and we'll let the crappy ones die. Another benefit is the tsunami of regulations (that nobody knows how to enforce anyway) isn't going to crash into the market. Congress isn't going to say you have to stay in a Trump hotel and let's get rid of the poison in the river restriction, so ridiculous.


Sure other countries want to do business with the US. However, if we erect a wall of trade barriers, they can shift to doing business with each other. We are now a net exporter of energy but we are far from being the only one and a trade war could shut down our export market. Venezuala is suffering but, a trade war could ignite energy prices (or OPEC could just pull back supply again) and that economy could well flourish. There have been threats to replace the US dollar as the standard for petro markets and sufficient isolation or hostility from us might push them more in that direction which could have serious consequences of it's own. If China sees us as trying to choke their industrial output they could destabilize the dollar by dumping Treasury's. Econmics is simply WAY more complicated than Trump would have people believe and his rhetoric suggests he hasn't done much deep thinking on the subject.

Congress won't take away the "good" regulations? Have you met our congress?

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casey r lowe
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private prison stocks are soaring http://www.citylab.com/crime/2016/11/why-private-prison-stoc...
 
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