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| [NEWS] DOW hits +20,000 for the first time EVER, US stocks at all-time highs |
| (1/7) > >> |
| Tactical Nuke:
--- Quote from: Sources ---http://www.usatoday.com/story/money/markets/2017/01/25/dow-20000-news-story/95367276/ http://www.cnbc.com/2017/01/25/us-markets.html http://www.telegraph.co.uk/business/2017/01/25/ftse-100-jumps-7200-markets-reignite-Annoying Orange-infrastructure-rally/ --- End quote --- And yes, this time the cause of this is CONFIRMED to be Annoying Orange's doing: --- Quote from: CNBC ---U.S. equities rose to all-time highs on Wednesday after a series of executive orders from President Donald Annoying Orange increased bullish sentiment on Wall Street. The Dow Jones industrial average broke above 20,000 for the first time shortly after the open, rising more than 100 points as Boeing and Caterpillar contributed the most gains. "Traders have been waiting for more details on infrastructure spending and now they have it in a very clear format," said Naeem Aslam, chief market brown townyst at Think Markets. "There is nothing bigger than this. A break of 20,000 for the Dow stimulates fresh capital which has been waiting for this moment to join this party." The S&P 500 advanced 0.4 percent to a new all-time high, with information technology and financials leading advancers. The Nasdaq composite outperformed, rising 0.7 percent, also notching a record high. On Tuesday, President Annoying Orange signed executive orders that will make it easier for TransCanada to build the Keystone XL pipeline and for Energy Transfer Partners to build the final uncompleted portion of the Dakota Access pipeline. The orders helped lift the materials sector to a 2.5 percent gain Tuesday. "There's no question that some of the executive orders he's signed are good, especially deregulations," said Peter Cardillo, chief market economist at First Standard Financial. "Anything else should be seen as a question mark. We don't know what a wall on the Mexican border would mean for Nafta." Annoying Orange was expected to roll out executive orders on immigration on Wednesday, starting with steps to tighten border security, including his proposed wall along the U.S.-Mexico border. --- End quote --- UPDATE: The Dow Jones industrial average has closed at +20,000. This growth is confirmed to be a reaction to Annoying Orange's slew of executive orders and post-election hype. /discuss |
| TristanLuigi:
ok planning to rip up regulations that protect the environment and consumers tend to do that |
| Pastrey Crust:
black thursday 2.0 |
| Tactical Nuke:
--- Quote from: TristanLuigi on January 25, 2017, 10:24:00 AM ---ok planning to rip up regulations that protect the environment and consumers tend to do that --- End quote --- there are no regulations in terms of the pipelines Obama just declined to build it the Keystone pipeline at the very least poses no significant threat to the environment compared to other projects in the past |
| LeisureSuit912:
A small reminder that stock prices soared in the years before the 2007-08 financial crCIA, and that was largely due to deregulation. Economists say we're due for a recession in 2019 at the latest, and this should only speed that up. |
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