Odin
Purp1eOne
Winning
Thane (14,617)
Feb 3, 2017
Valhalla
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Post by Purp1eOne on Mar 1, 2017 15:07:01 GMT -6
FOX Business @foxbusiness 3m
#BREAKING News: #Dow Jones Industrial Average closes above 21,000 for the first time, just 24 trading days after closing above 20,000.
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VikingBob
I am the Host of THOR'S HAMMER and proud member of the VWO.
Viking (5,583)
Feb 3, 2017
Valhalla
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Post by VikingBob on Mar 1, 2017 15:15:54 GMT -6
Another great day to be a Proud American !!
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Uncle
Berserker (7,565)
Feb 8, 2017
Valhalla
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Post by Uncle on Mar 1, 2017 15:16:07 GMT -6
Investors are optimistic that Trump's economic policies - especially infrastructure, trade, energy independence and tax reform - will be successfully voted through Congress after last night's "call" for working together.
Bi-partisan unity on immigration? Perhaps not so much, but investors may not be worried as much on immigration when it comes to financial investments.
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Odin
Purp1eOne
Winning
Thane (14,617)
Feb 3, 2017
Valhalla
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Post by Purp1eOne on Mar 1, 2017 15:38:56 GMT -6
Investors are optimistic that Trump's economic policies - especially infrastructure, trade, energy independence and tax reform - will be successfully voted through Congress after last night's "call" for working together. Bi-partisan unity on immigration? Perhaps not so much, but investors may not be worried as much on immigration when it comes to financial investments. bi-partisan? Doubt that happens on much of anything. The dems even if they agreed with what Trump was proposing(like they have in previous years) won't vote/agree with him.
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Odin's Cooler Alumnus
njvikesfan
Fri-hals (625)
Feb 10, 2017
Valhalla
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Post by njvikesfan on Mar 1, 2017 16:33:00 GMT -6
Investors are optimistic that Trump's economic policies - especially infrastructure, trade, energy independence and tax reform - will be successfully voted through Congress after last night's "call" for working together. Bi-partisan unity on immigration? Perhaps not so much, but investors may not be worried as much on immigration when it comes to financial investments. Also the estimated $1-2 trillion in overseas $$$ that will be repatriated and hitting Dow, S&P 500 and NASDAQ company balance sheets will be a tailwind for the stock market as well as the US economy. Even far left economic propagandist Steve LIESman on CNBC admitted this morning that 3% GDP growth is likely this year.
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vikefever
Drengr (1,035)
Feb 8, 2017
Valhalla
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Post by vikefever on Mar 1, 2017 16:40:28 GMT -6
"the wall" has been previously approved. It is getting the funding. It will be Obamacare, tax reform, infrastructure in that order. Paul Ryan stated the new plan is being scored now. Expect this month for roll out, and let the party begin.
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Post by nodakviking on Mar 1, 2017 17:26:01 GMT -6
Investors are optimistic that Trump's economic policies - especially infrastructure, trade, energy independence and tax reform - will be successfully voted through Congress after last night's "call" for working together. Bi-partisan unity on immigration? Perhaps not so much, but investors may not be worried as much on immigration when it comes to financial investments. bi-partisan? Doubt that happens on much of anything. The dems even if they agreed with what Trump was proposing(like they have in previous years) won't vote/agree with him. There will be increasing pressure on the red state Senators up for re-election, particularly on these domestic issues which are hugely popular. Paul Ryan and the establishment might be the biggest road block to actually getting the big ones done, ACA, Tax reform, Infrastructure, and Immigration/border security. They've taken too much money over the years to cave on some of their positions.
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vikingdan
Drengr (1,322)
Feb 8, 2017
Valhalla
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Post by vikingdan on Mar 2, 2017 6:05:03 GMT -6
At what point do some of Trumps policies becoming self fulfilling. In other words, our economy is based on optimism or the lack thereof as much as anything. We create demand when we perceive there are good times coming, that creates jobs which creates more taxpayers filling the government coffers. I love the idea of infrastructure spending as A) we need it badly B) It creates a lot of great paying jobs providing the tax revenue the government needs.
It seems like Ryan and others like to score based on revenue in/out with no thought to what an optimistic growing economy can add to the tax coffers. I am not blaming Ryan for that, as for some time now there has not been optimism and growth was barely enough to keep the patient breathing. That said I think it's time for Ryan to get on board with the idea that we can create an economic revival and that will balance our budgets.
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Odin's Cooler Alumnus
njvikesfan
Fri-hals (625)
Feb 10, 2017
Valhalla
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Post by njvikesfan on Mar 2, 2017 10:06:51 GMT -6
At what point do some of Trumps policies becoming self fulfilling. In other words, our economy is based on optimism or the lack thereof as much as anything. We create demand when we perceive there are good times coming, that creates jobs which creates more taxpayers filling the government coffers. I love the idea of infrastructure spending as A) we need it badly B) It creates a lot of great paying jobs providing the tax revenue the government needs. It seems like Ryan and others like to score based on revenue in/out with no thought to what an optimistic growing economy can add to the tax coffers. I am not blaming Ryan for that, as for some time now there has not been optimism and growth was barely enough to keep the patient breathing. That said I think it's time for Ryan to get on board with the idea that we can create an economic revival and that will balance our budgets. Its is already happening as consumer confidence (especially among small business owners) have shot through the roof since Trump has been elected. The optimism of small business owners (who employ 70% of US workers) is very important and the percent of small business owners who plan to hire more employees in the next year has flipped from well under 50% to well over.
I have always thought it was nonsense that GDP growth assumptions have absolutely no input in how the CBO scores legislation while at the same time government spending is input with an assumed 1.5% "government multiplier" factor that IMO has never proven to be accurate. Also consider that in order to increase "revenue" (taxes) the money has to first be confiscated from the private sector. Somehow this isn't calculated into the GDP projections? Nonsense. They literally view "revenue" as money that materializes from nothing and not being a transfer of money from the private sector (the growth sector) to the public sector (the debt sector).
I have recently heard that Paul Ryan and other republicans are going to be changing how legislation is scored. It has always been a joke that the party in power controls the inputs and assumptions that go into the calculator (the "non partisan" CBO) and therefore essentially decide what the score will be. In DC literally any policy can be scored as budget neutral by the "non partisan CBO" as long as the majority party is willing to go to what ever lengths necessary to finesse the inputs and assumptions. DC math is literally fake math because they simply decide what they want the answer to be and change the numbers input into the formula to make it so. And of course the score is sold publicly as non partisan because the CBO is non partisan. What a joke.
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Odin's Cooler Alumnus
kramerhammer
Viking (5,537)
Feb 8, 2017
Valhalla
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Post by kramerhammer on Mar 2, 2017 19:47:38 GMT -6
Hilarious this comes out now. Started taking money of the table yesterday and will continue to for every 100 points the S&P rises until the next big correction.
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Odin
Purp1eOne
Winning
Thane (14,617)
Feb 3, 2017
Valhalla
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Post by Purp1eOne on Mar 2, 2017 20:56:32 GMT -6
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Odin
Purp1eOne
Winning
Thane (14,617)
Feb 3, 2017
Valhalla
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Post by Purp1eOne on Mar 4, 2017 12:50:20 GMT -6
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Uncle
Berserker (7,565)
Feb 8, 2017
Valhalla
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Post by Uncle on Mar 4, 2017 13:08:24 GMT -6
I was watching a little of the FOX business show this morning, and first, I didn't realize that former WWE Superstar, Jonathan Bradshaw Layfield, was a contributor to their investment/financial shows and I had to LOL as he was there on screen giving financial/investment advice on this "bull" market when I'm picturing him as WWE Champ "JBL".
Anyway, the speculation is that The Fed Chair, Yellen, will raise rates at the end of March - perhaps even more than 1/4 pct - which may send this recent rally down a bit.
The recent investment optimism is mainly the result of the business-friendly economic policies of the Trump agenda - tax reform, Obamacare repeal and replacement, energy independence (pipeline constructions), infrastructure spending (and jobs) and trade-deal re-negotiations. The trouble is that none of these policies" have been put through Congress yet, and with all the back-and-forth w/ the Russia/Obama wiretapping/Cabinet collusion crap that both sides are having to deal with, it's not likely that any new, positive legislation will pass anytime soon.
I would hold off on any serious rate hikes if I was The Fed, and let the partisan crap media nonsense work itself out, let the Market continue to rise, and wait until at least one or two pieces of positive, economic legislation passes.
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Odin
Purp1eOne
Winning
Thane (14,617)
Feb 3, 2017
Valhalla
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Post by Purp1eOne on Mar 4, 2017 14:37:29 GMT -6
The trouble is that none of these policies" have been put through Congress yet, and with all the back-and-forth w/ the Russia/Obama wiretapping/Cabinet collusion crap that both sides are having to deal with I don't think that will cause any of the business friendly policies not to happen. The cabinet members being stalled slows everything down but the Russian BS is just feeding their base. If anything it will push Trump more to get those things done.
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Odin's Cooler Alumnus
kramerhammer
Viking (5,537)
Feb 8, 2017
Valhalla
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Post by kramerhammer on Apr 14, 2017 20:32:36 GMT -6
Looks as though I was very prescient once again. Looking for war is always profitable on the downside. LOL.
Take me down another 300 DJT and I will jump back in................OMG.
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