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8/24/2018 4:33 pm  #1


S&P 500 and Nasdaq close at record highs as Netflix jumps

Thanks President Trump!

S&P 500 and Nasdaq close at record highs as Netflix jumps
https://www.cnbc.com/2018/08/24/us-stocks-china-trade-talks-end-powell-to-speak-at-jackson-hole.html

The S&P 500 and Nasdaq Composite reached all-time highs on Friday as Netflix shares rose. The broader market also climbed after the top Federal Reserve official characterized the U.S. economy as "strong."The S&P 500 rose 0.6 percent to close at 2,874.69, led by gains in materials and tech.

Friday marked the S&P 500's first record close since Jan. 26. The tech-heavy Nasdaq advanced 0.9 percent and closed at 7,945.98.Netflix rose 5.8 percent on Friday after analysts at SunTrust upgraded the stock, noting it will keep going higher because of its success overseas. The stock has had a strong week, gaining more than 10 percent this week. 

The Dow Jones Industrial Average jumped 133.37 points to 25,790.35 as DowDuPont outperformed.Fed Chair Jerome Powell delivered a speech at the Jackson Hole Symposium in Wyoming, where leading central bankers met to discuss the future of monetary policy.
 

Last edited by Common Sense (8/24/2018 4:33 pm)


 “We hold these truths to be self-evident,”  former vice president Biden said during a campaign event in Texas on Monday. "All men and women created by — you know, you know, the thing.”

 
 

8/24/2018 4:35 pm  #2


Re: S&P 500 and Nasdaq close at record highs as Netflix jumps

Why are we thanking President Trump?
82% of the days of this bull market passed while Barack Obama was President>


We live in a time in which decent and otherwise sensible people are surrendering too easily to the hectoring of morons or extremists. 
 

8/24/2018 5:15 pm  #3


Re: S&P 500 and Nasdaq close at record highs as Netflix jumps

Hey, I am happy too that the markets continue to climb and have been since 2009. 

I am not, however, thinking that this is a never ending thing. The markets got a huge bump from the giveaway to big business that certainly helped boost their profits. BUT the price for that is $1 Trillion added to the deficit. 

There WILL come a time to pay the piper and we will see a big correction. 

And I am not even counting in the effects of the upcoming tariffs yet. 


"Do not confuse motion and progress, A rocking horse keeps moving but does not make any progress"
 
 

8/25/2018 9:53 am  #4


Re: S&P 500 and Nasdaq close at record highs as Netflix jumps

Thanks President Trump!

Trump's Tariffs Have Led to Layoffs at U.S. Manufacturers
http://fortune.com/2018/07/05/trump-tariffs-us-layoffs/


We live in a time in which decent and otherwise sensible people are surrendering too easily to the hectoring of morons or extremists. 
 

12/05/2018 12:58 pm  #5


Re: S&P 500 and Nasdaq close at record highs as Netflix jumps

Common Sense wrote:

Thanks President Trump!

Yea,,,,, thanks,,, I guess.

On Trump’s once-favorite metric — stock market growth — he trails Barack Obama

https://www.washingtonpost.com/politics/2018/12/05/trumps-once-favorite-metric-stock-market-growth-he-trails-barack-obama/?utm_term=.7008ed3a4c5d

At close on Tuesday, both the Dow Jones industrial average and the Standard & Poor’s 500-stock index were about where they’d started the year. In the first 12 months after the tax-cut bill, the markets had been mostly flat. This wasn’t the economic “rocket fuel” Trump once promised the tax cuts would be.

Not only did Trump celebrate market gains as proof of his effectiveness last year, he also used stock prices to criticize Barack Obama during his predecessor’s administration.

However, to the same point in the second year of Obama’s first term, both the Dow and S&P 500 saw bigger percentage-point gains than the markets have seen under Trump, by far.


Now, whether it’s useful to track presidential success by watching the variations of stock prices is another question entirely, of course.

But, I'm  not the one who spent a year and a half establishing that as a metric by which to judge Trump.
Someone else did that

Last edited by Goose (12/05/2018 1:00 pm)


We live in a time in which decent and otherwise sensible people are surrendering too easily to the hectoring of morons or extremists. 
 

12/05/2018 2:25 pm  #6


Re: S&P 500 and Nasdaq close at record highs as Netflix jumps

The market took a dive yesterday (DOW down almost 800 points) mainly due to the inability of the Trump White House to understand international trade policies, negotiate skillfully with international business partners, and failure to communicate the facts and agreed upon truths in trade agreements.

One thing the markets just can’t stand is uncertainty, and Trump and his financial team have proven to be inept at providing anybody with certainty regarding their “policies”.

Thanks President Trump !

 

12/05/2018 4:23 pm  #7


Re: S&P 500 and Nasdaq close at record highs as Netflix jumps

So much winning !    


"Do not confuse motion and progress, A rocking horse keeps moving but does not make any progress"
 
 

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