Any thoughts why the market is up so much?

[still_one]

[pangaia]

1. Financials, energy (oil, nat gas), health ins, pharma..

that's what's up.


That should say something...

[still_one]

17. Especially financials. They have gone through the roof. You are right, that says a lot

[elleng]

2. Not really.

Maybe this??? Fossil fuel ally? http://www.nytimes.com/2016/12/07/us/politics/scott-pruitt-epa-trump.html?ref=business&_r=0

Shored up insider trading law? http://www.nytimes.com/2016/12/07/business/dealbook/supreme-court-shores-up-insider-trading-law.html?src=busln

[still_one]

18. I think as someone pointed out it seems to be sector specific, especially with regards to the

financials. No doubt your links add credibility to that. The word I guess would be anticipation of deregulation

[elleng]

21. Yes, 'anticipation of deregulation,'

and probably sector specific.

May listen to PBS' Nightly Business Report.

[elleng]

24. Telecoms up, among others.

Committee hearing covered on PBS.

Industrials and financials high;

consumer discretionaries up. >>>

Drugs not part of the highs.

[still_one]

25. They really shouldn't allow the AT&T Time Warner Cable to happen, but who knows

[Calculating]

3. IDK

But I'm loving it. Up $1700 today alone.

[Wellstone ruled]

4. Markets move about six months ahead of

major events. One major event will be huge Tax breaks for the 1%ers with it being retroactive to Jan,1 2017. Two,trillions in borrowing for Republican friends as paybacks for Campaign support. Three,number two paid for via elimination of ACA,major cuts in Medicare,Medicade,and Social Security. What this says,the Republican Party has written off 47% of the Populace as not needed for them to succeed.

[Maru Kitteh]

5. Because the blinding light at the end of the tunnel is a train.

And it's been given the green light to run us over, freely and with abandon.

[CrispyQ]

14. +1.

We are fucked.

[taught_me_patience]

6. If anybody knew, they wouldn't be posting here

they'd be making billions working for Warren Buffet.

[linuxman]

15. The only answer in this thread worth a damn.

[msongs]

7. because the trend is up for the past few years and that continues? nt

[GummyBearz]

8. Because Obama fixed all the problems

And now we all get rich

[still_one]

19. To a large degree he brought the country out of the near economic collaspe that he

inherited

[Amishman]

9. Continued easy money from the Fed

Stock market is a balloon and the federal reserve is the pump.

[still_one]

20. The fed will be increasing interest rates though

[el_bryanto]

10. Markets generally don't like not knowing what is going to happen

Now that the worst has happened, they can plan on what to do.

Bryant

[Hortensis]

11. Because they see opportunity and profits in deregulation

and the opening of the taxpayer till like a giant candy jar for business. Even business leaders who deplore Trump recognize that choosing to lose out would change nothing.

[Yavin4]

12. This is a good time to sell and hold cash.

This is nothing more than an over-exuberant reaction to lower taxes and de-regulation. They're ignoring the soaring debt, budget deficits, and inevitable higher interest rates to come. Sell now and hold cash.

[mnhtnbb]

28. Even Bill Gross is recommending higher cash holdings and lower

positions in equities.

I am all cash. Sold everything the day after the election. At 65 I can't afford to lose 20% overnight and wait
8-10 years for a recovery. I may need what's in that IRA when the Republicans fu*k my Medicare and Social
Security.

Republicans in the White House are historically bad for the stock market.

[Nancyswidower]

29. Absolutely wrong....hold stocks.. hold until you see a market trend...

You say "...the soaring debt, budget deficits, and inevitable higher interest rates to come"...why weren't there soaring interest rates under POTUS Obama...debt nearly doubled over Shrub's numbers during Obama's 8 years...really you want these as financial advice standards?
Serious question.

[Yavin4]

32. Under Obama, the only stimulus was from the Fed.

Now that the Republicans control the world, they can cut taxes and increase spending--mostly on defense and corporate welfare--which will mean higher annual budget deficits. Also, since UE is under 5%, there's no longer a rationale for the Fed to keep interest rates low.

Rates will climb which will hamper stocks.

[Nancyswidower]

33. That's horsecrap..."Under Obama, the only stimulus was from the Fed."

And you should know better. If you don't... NOBODY should take financial advice from you.

[dawg]

13. Investors are pricing-in lower corporate taxes & less regulations.

They are also pricing-in a huge infrastructure program and a large increase in defense spending.

[still_one]

22. huge infrasturcture program? "the wall"? (sarcasm)

[edhopper]

27. This

Corporations will soon be paying next to nothing in Taxes. Profits go up.
Lower or no minimum wage, profits go up.
No actual regulation on anything, SEC, EPA...for all intents are non-functioning. Profits go up.

[doc03]

16. It is inflating the next bubble that will crash the

economy. The bond market is going in the dumper because investors are anticipating massive deficits and exploding interest rates.

[Nancyswidower]

31. Not really....shouldn't you link something that supports your claim?

As an investor....I've seen nothing that supports your claim by any statement from my FA.

Don't throw bombs...into a possibly confused market...unless you are hoping for a crash...and take some of us down with your hope of a crash.

[doc03]

37. Just going by what I witnessed in the past with Reaganomics. I heard this morning

on Tom Hartmann's radio show the bond market has lost 2 trillion dollars in value since Trump's election, the reason when interest rates go up bond values go down. The bond market is anticipating higher interest rates. People are moving out of the bond market into equities that is what is driving the stock market gains IMO. If Trump cuts taxes, increases defense spending, gets his infrastructure spending and gets rid of the parts of the ACA he doesn't like the deficit will explode. Tom Hartmann had David Stockman (former Reaganomics guru) on his show this morning and he was in total agreement with Tom that we are heading for a crash. I am just a person that has some investments just giving my opinion, if you listen to the experts half think we are in for the great depression and the other half think it is happy days. People have to make their own decisions I certainly wouldn't take much stock in anything I read on a message board.

[hatrack]

23. Because they know they're free to do anything they want, anything at all . . .

Fuck consumers, steal, sell worthless paper, fiddle the algorithms, pump and dump - doesn't matter, nothing will happen to them, ever, for criminal behavior.

[pamdb]

26. market

Well today is the first day my stuff has been up. Until today it starts ok
ok in the morning and then goes steadily down. It's like it was before the election.

[vi5]

30. Really?

We have a President elect who has just appointed an army of foxes to guard every henhouse we have, and most companies are just sitting at the table with napkins tucked under their chins and fork and knife ready to go.

I always laughed when people said "Oh noes! Wall Street/The Stock Market/Businesses don't want President Trump! It will be a disaster!". Yeah, that feeling was based on the fact that Trump was talking about protectionist/isolationist moves that would drive up costs. Anyone with two brain cells to rub together could have told you that he wasn't going to do any of that stuff and that instead he would just open up the trough for all the monied pigs to do what they wish. And this stock market increase is going to do just that.

[meow2u3]

34. I smell a massive pump-and-dump bubble

ready to burst as soon as Orange Julius is crowned emperor.

[shanen]

35. Must not be any actual investors here, just a bunch of impoverished Democrats?

The old brokers' saying goes "Buy on the rumor, sell on the news."

Right now they are buying on the rumors, and all the buying is driving the share prices up.

Later on, they will start getting the actual news, and they will start selling. A lot. Prices will be corrected. And how.

My own speculation on the worst news Trump will create would be a combined trade war and cyber war with Trump versus an alliance of China and India on the other side. Probably mediated via Nigerian mercenary hackers to keep their hands relatively clean. The problem is that the United States is tremendously dependent on computers and has almost no cyber defenses, while the Chinese are probably the worlds' leaders on the defense side, in addition to being much less vulnerable to attack. The Donald is still larning about "the cyber".

By the way, just reading some mathematical history and it talks about how tally sticks were involved in the origin of the word "stock" itself. You see they had these split sticks, and the monetary values were recorded in notches that went across the split. Each side kept one half of the split sticks...

[uponit7771]

36. Big money moving out if bonds ... Watch 10yr t interest rates...

[gollygee]

38. Instead of draining the swamp, trump is putting the swamp dwellers (Wall Street) in charge

And they probably like that.