General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump wants you to know that because he got elected, you're not "low and glum."
@realDonaldTrump
The Dow just broke 24,000 for the first time (another all-time Record). If the Dems had won the Presidential Election, the Market would be down 50% from these levels and Consumer Confidence, which is also at an all-time high, would be low and glum!
8:46 AM - 30 Nov 2017
Link to tweet
SamKnause
(13,101 posts)JDC
(10,127 posts)Johonny
(20,841 posts)He's got an anti-growth tax plan, a budget that strips the social safety net, and a congress more than willing to blame him for it.
maryellen99
(3,788 posts)The only reason why it was so big was because
his middle class brain dead supporters went crazy and maxed out their credit cards on Black Friday and Cyber Monday-they think the huge tax refunds they think theyre getting (4-5K) will pay off their CC debt.
Paladin
(28,254 posts)Somebody must have written it for him---the way his books were created.
jmowreader
(50,557 posts)First, I dont think Ive ever seen a more-sore winner than Trump. Its like he cant accept that hes president.
But heres the thing: The entire rally since he got elected is because Wall Street believes he will do everything in his power to eliminate their tax bill. If he cant do it - and his track record with major legislation suggests thatll be the case - the NYSE circuit breakers will pop several times in the ensuing sell-off. I would recommend liquidating everything over your basis until we either have a tax bill or the CEO of Morgan Stanley holds a parade down the Canyon of Heroes with Trumps head on the hood of his car.
Oh, and all you crypto bulls? Get the hell out of that until the tax thing is settled. Go to all-cash until April, which should be enough time for the dust to settle. Crypto is riding the same wave of anticipation as stocks, but has nothing underlying it. It will be hit hard.
In both cases, once the thing bottoms, buy as much as you can. Why should Republicans have all the fun?
Egnever
(21,506 posts)we win the house and senate back just in time for the crash that is surely coming. Dems then are blamed for crash.
maryellen99
(3,788 posts)Egnever
(21,506 posts)L. Coyote
(51,129 posts)Both!