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DOW 24 Thousand? Incredible!

ShivaFan

Satyameva Jayate
Premium Member
Just a month ago or so perhaps, I was asking “DOW 23 Thousand?”… and now, I have to ask, INCREDIBLE – DOW 24,000 coming ASAP?

Back when it was 19,000 plus I was saying get in on these markets. Hope you did, because you would have made a huge amount of money. I hate to sound like a bragger, but in the last year I have made a HUGE amount. Understatement.

And then, back in March, I started buying bitcoin when it was about $1,140 per coin. Well, right now it is $11,193 per coin. I have made huge profits, tried to tell some friends to buy, but they didn’t.

Putting aside bitcoin, which does have wild fluctuations (I LIKE these fluctuations because it allows me to buy low and sell high, the basic venue of most) - gains made in the market investments have been incredible. Will all this crash? I don’t think so, the GDP just hit 3.3% and in fact all indicators are the economy is now sterling and moving and largely due to deregulations. And if the tax cuts pass, the market is going to boom up to DOW 30,000 plus. I predict the tax cuts will pass. Eventually, of course, yes, the markets will take dips down. But not crash. On the dips, buy. Buy low sell high. But this is going to continue for the next two years in my view minimum.

I would recommend investing in Aerospace and Defense, Emerging Markets (the equivalent of the “Fed” in India and other venues has more “wiggle room” than we do! More gains in India coming, for example), ETFs that focus on things such as lithium, cobalt. The electric car is going to become even more and more a “Christmas present” for many, more such cars will sell. Small business ETFs are a target to invest. Apple and Boeing are cutting a program for the new space based “constellation communications” program where Boeing provides the hardware and Apple provides some hardware and the software. Great jobs for the youngsters out there as this form of new communications channels is going to provide an entire new revolution, and expect certain NASDAQ and high tech stocks to boom, doesn’t matter if the current iPhone isn’t a “hit”, Apple has a huge future. But watch out for things like Facebook which really does not offer a product like Apple does and FB in my opinion is not LONG, is sort of Captain Kangaroo for adults.

What exciting times! As for Kim Jong Un, that guy is a dead man walking. If it comes down to it, the regime there is going to be finished sooner than people think even if a million die. This isn’t going to change the economic trends we are seeing. Britain is also posed to see gains in the next couple of years. Germany is in trouble. France will likely make a comeback. And Eastern Europe will be the leaders of Europe. This is my opinion, no one can predict for certain. But the Clinton-Bush Establishment is dead, and so is the old regime in Europe, watch the East – Eastern Europe, and of course father East to India.

Happy trails.
 

BSM1

What? Me worry?
I expect the lowering of the ridiculously high corporate tax will trigger a sizable growth in the economy also.
 

Vee

Well-Known Member
Premium Member
I agree that the Dow will keep moving higher for now but there is trouble on the horizon, specially in the bond market. I would be very careful the next few months.
I didn't buy bitcoin because I didn't understand it well enough and maybe I missed out on something big, but I'm still wondering. We never had Bitcoin before and it's very hard to guess where it is going since we don't have history to look at. I hear a lot of people saying it's in a bubble. Who knows?
 

Kenny

Face to face with my Father
Premium Member
They say, "When everyone is buying it (bitcoin), you are too late to join the market". You will buy into it and the bubble will burst. IMHO.

I didn't buy but, hey, I'm still alive.
 

YmirGF

Bodhisattva in Recovery

metis

aged ecumenical anthropologist
So, how does Mr. Obama get credit for this?
His budget was established in the first half of his first term (2009) when the Dems had the majority, but we all should remember that budgets are almost always based on compromises. Once the Pubs took over the House, stalemate happened, so all other changes have been in the form of "continuing resolutions", which he is at the least partially responsible for.

My point is that there is no such thing as an in-place "Trump budget" at this time, which is why they're trying to get something passed as we speak. The upswing in the economy and the DOW has been occurring since the recovery began in 2009-10, and this has continued under Trump's reign of terror.:eek:

BTW, glad you like my "sense of humor". :D
 

BSM1

What? Me worry?
His budget was established in the first half of his first term (2009) when the Dems had the majority, but we all should remember that budgets are almost always based on compromises. Once the Pubs took over the House, stalemate happened, so all other changes have been in the form of "continuing resolutions", which he is at the least partially responsible for.

My point is that there is no such thing as an in-place "Trump budget" at this time, which is why they're trying to get something passed as we speak. The upswing in the economy and the DOW has been occurring since the recovery began in 2009-10, and this has continued under Trump's reign of terror.:eek:

BTW, glad you like my "sense of humor". :D

Honestly, the economy doesn't have much to do with the budget. What you're seeing (whether you want to admit or not) is blossoming consumer and business confidence. People are beginning to believe the economy is getting much, much better and this is reflected in the Dow. This confidence (again, whether you want to admit or not) is a direct response to Trump's pro-business stance.
 

metis

aged ecumenical anthropologist
Honestly, the economy doesn't have much to do with the budget.
Oh, then if this would be true than why pass budgets in the first place?

What you're seeing (whether you want to admit or not) is blossoming consumer and business confidence. People are beginning to believe the economy is getting much, much better and this is reflected in the Dow. This confidence (again, whether you want to admit or not) is a direct response to Trump's pro-business stance.
Ah, here is where I agree with you as I do think the optimism of business owners and investors that they're gonna get a huge Christmas present at the expense of middle and lower-income Americans (in the long run) has been a driving force for investments and some expansion.

And where are all the right-wingers who used to demand we have a balanced budget? The estimate by different independent sources estimate an additional $1.4 trillion dollar deficit over 10 years with the Senate and House proposals. Where are the real fiscal conservatives in the Republican Party? How many times does "Lucy" have to pull the football away from "Charlie Brown" before he learns not to trust her? [hint-hint]
 

metis

aged ecumenical anthropologist
I almost posted a joke about how long it would take before someone credited Obama before this one, in this case it was 19 minutes.
Ya, reality sorta sucks, doesn't it. Maybe look it up and tough it up, and then maybe come back with facts and not just jokes.
 

ShivaFan

Satyameva Jayate
Premium Member
Just announced 30 minutes ago -
John McCain will vote YES on the tax cuts!

This means the tax cuts will pass.

So the DOW will go to 30,000 by end of year 2018. Trump has already won reelection.
 

BSM1

What? Me worry?
Oh, then if this would be true than why pass budgets in the first place?

Ah, here is where I agree with you as I do think the optimism of business owners and investors that they're gonna get a huge Christmas present at the expense of middle and lower-income Americans (in the long run) has been a driving force for investments and some expansion.

And where are all the right-wingers who used to demand we have a balanced budget? The estimate by different independent sources estimate an additional $1.4 trillion dollar deficit over 10 years with the Senate and House proposals. Where are the real fiscal conservatives in the Republican Party? How many times does "Lucy" have to pull the football away from "Charlie Brown" before he learns not to trust her? [hint-hint]


Uhhh...the budget is what it costs to run the government.
 

metis

aged ecumenical anthropologist
Uhhh...the budget is what it costs to run the government.
And you honestly don't think that this has anything to do with what might happen to the economy one way or another if the budget priorities change? Obviously, you have never studied economics because the above is a totally nonsensical non-sequitur. Maybe do some studying, BSM1.
 

ShivaFan

Satyameva Jayate
Premium Member
In regards to the tax cuts, I am a citizen of California and live in a high state tax state. Why should I get to write off fed taxes to pay part of my high State of California state taxes as part of a Democrat Party scheme here in California to try and keep "rich" people and business from fleeing California? These "write offs" are being paid by citizens of LOW TAX STATES - which isn't fair.

So yes, I support the Republican Tax Cuts (either version but I will go with the Senate version whatever) even though it means for me that as a California resident I will BE PAYING MORE IN TAXES. I have no problem with that, because most Americans need tax cuts and those states with low taxes need to be awarded for doing a great job for the nation, and even more to the point - business will benefit from the tax cuts which is more important to me than my personal taxes (which will be higher for me here in California) and I will easily make up what I have to pay in extra taxes due to the profits I make in the markets as they boom more and as the GDP grows, jobs grow even more, as business thrives. It's a win for me easily.

Watch the DOW jump higher and higher. And now with the McCain yes vote, the tax cuts will pass no question about it. And it will happen sooner than later. And I congratulate all the middle class Americans in the low tax states who will see a lot more money in their wallets, more jobs, less displacement of Americans from jobs, et all. And again, back to California, NY and Illinois, I am GLAD we will be paying MORE taxes, because these high tax states DESERVE what is coming as far as the "rich" who haven't left yet. Will I be leaving California? No - not now, reason being I have a great deal in my HMO but it is only available in California, Oregon, Washington, Washington DC, Maryland, Virginia. So I am limited as to where to move to at this time to those states, while Virginia was a possibility I decided no to Virginia due to a recent election. So, fine, I will stay here in California for now and there are a LOT of Trump supporters here in California albeit a minority but overall in just numbers a LOT, and we will act as the LURPS (LRRP Long Range Reconnaissance Patrol) to oppose the enemy here is California and we are even more mean and street smart than the Red State Trumpers, we are right in the belly of the beast and watch the hell we are going to bring. Ya'll haven't seen anything yet. God save the Union.
 
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