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I suspect that the DOW is because as usual the Treasury is keeping rates next to nothing meaning that only the rich again are making money and taking advantage of those rates........pretty sure that this will go away soon once Republicans are back.
And, again, I suspect consumer confidence spending is also because of the recent election knowing Republicans will be in charge of the money and bills will finally be being passed.....including tax reform.....it will still be up to BO to veto whatever happens after this month ends; however, his popularity rate won't get any better if he decides to veto much because he won't be able to blame Republicans for blocking/obstruction anymore and he turns into the sole 'bad guy'..........
seems to have been falling quite rapidly. My old 401k that I converted to an IRA after leaving work is a mix of stocks and bonds. Although the Dow has been hitting record highs for months, I've seen a dip in my IRA since about the end of June. Supposedly this is due to the government easing back on pumping its funny money into that market. I'm not a Wall Street guru but some of what I read when I question my own loses make sense. I'd really like to see the government keep its hands out of business as much as possible and only take on the verified abusers. Instead, they punish everyone whether they ever stole a cookie or not.
when the Treasury finally turns off the money train it's been shelling out for the last six years like clockwork every week. If you thought 2007 on Wall Street was bad.....and guess what? Predictably, the Dems will blame the new leaders in Congress or the next President.....BO has a plan and it's a pretty obvious one to anybody with a brain.
Seems like you could make a couple bucks in the market. Not many can predict the market...Some can't even predict lawsuits.
If you thought 2007 on Wall Street was bad
BO? BEFORE Obama?