• DJI hits record high as stock markets slingshot after Trump victory
    26 replies, posted
[img]https://s15.postimg.org/s7d9co8yz/DJI.png[/img] [quote][B]Nov 10[/B] The Dow Jones industrial average hit a record intraday high on Thursday as investors bet that President-elect Donald Trump would lead a shift away from austerity policies. Investors are seeing Trump's policies such higher defense and infrastructure spending, tax cuts and deregulation of banks and as being more business-friendly than Democrat Hillary Clinton's position of maintaining status quo. "The markets are adjusting to a new reality and are giving Trump the benefit of doubt," said Adam Sarhan, chief executive officer of Sarhan Capital. "He does have some problems with immigration and with social issues, but his economic policies, at least in the short-term, are perceived to be stimulative and net good for the economy and that's why stocks are rallying." The dollar jumped to a more than two-week high of 98.92, while gold turned flat as investors returned to riskier assets such as stocks.[/quote] [url]http://uk.reuters.com/article/usa-stocks-idUKL4N1DB51E[/url] [url]http://www.forbes.com/sites/laurengensler/2016/11/09/trump-wins-election-markets-live-blog/#6cd88b814939[/url]
I'm pretty sure this is because Trump is great for business but, in my opinion, is terrible for US citizens.
Out of interest when there's a slump like this that will undoubtably rebound, what and how do you 'buy'? Everyone just says 'buy now'. What am I buying, how do I get it?
[QUOTE=Occlusion;51347969]What am I buying, how do I get it?[/QUOTE] Stocks. You get them on the stock market.
This is not at all what I expected. Before the election, the DJIA tracked with Clinton's margin - if her polls slumped, so did the stock market. And on election night (when the American stock markets were closed), the stock futures market cratered. Some are theorizing that it was fear over a disputed election that caused the earlier drops whenever Trump seemed likely to win, and once Hillary conceded the worries were over. I'm not sure I buy that but it's not implausible.
[QUOTE=gman003-main;51348012]This is not at all what I expected. Before the election, the DJIA tracked with Clinton's margin - if her polls slumped, so did the stock market. And on election night (when the American stock markets were closed), the stock futures market cratered. Some are theorizing that it was fear over a disputed election that caused the earlier drops whenever Trump seemed likely to win, and once Hillary conceded the worries were over. I'm not sure I buy that but it's not implausible.[/QUOTE] Trump's re-conciliatory speech might have to do with it? Though I don't feel that speech was actually made by him or will be like his others.
Markets are taking Trump seriously but no literally, as one person put it
Tech stocks are doing really bad though
The stock market always plummet after elections. There is always instability.
[QUOTE=thrawn2787;51348204]Tech stocks are doing really bad though[/QUOTE] Twitter is going up though
[QUOTE=thrawn2787;51348204]Tech stocks are doing really bad though[/QUOTE] google is up
You mean to say markets are fueled by confidence? No way.
[QUOTE=Occlusion;51347969]Out of interest when there's a slump like this that will undoubtably rebound, what and how do you 'buy'? Everyone just says 'buy now'. What am I buying, how do I get it?[/QUOTE] You're buying shares of business ownership ([url=http://www.investopedia.com/terms/s/stock.asp?ad=dirN&qo=investopediaSiteSearch&qsrc=0&o=40186]stocks[/url]) from a market which sells them. You can do this [url=http://www.nasdaq.com/investing/online-brokers/]online[/url] or through a physical [url=https://en.wikipedia.org/wiki/Stockbroker]brokerage.[/url] You buy during a slump because prices are low, and you stand to make money once prices go back up. Though it's more complicated than that.
[QUOTE=phygon;51348385]google is up[/QUOTE] nope [editline]10th November 2016[/editline] the slump happened when comey sent the letter out that the investigation was open again would have been the best time to buy
-snib-
[quote]Nov 10 The Dow Jones industrial average hit a record intraday high on Thursday as investors bet that President-elect Donald Trump would lead a shift away from austerity policies.[/quote] interesting bet. I guess they are placing their faith in meme magic
MEME MAGIC WILL MAKE ME RICH Time to invest!
But the media told me the stock market was going to collapse!!
A guy I know made around $10k with this sling, good on him.
People saw the low prices and saw the opportunity -> higher prices. Maybe. It will probably slingshot back a bit. [editline]10th November 2016[/editline] But really, the stock market can be very unpredictable and one should not get in to stocks without proper knowledge.
[QUOTE=Mango;51349375]It will probably slingshot back a bit.[/QUOTE] most likely nothing will happen until the next fed rate hike bonds have been hurting bad these past few days though
[QUOTE=Orkel;51349260]A guy I know made around $10k with this sling, good on him.[/QUOTE] One of my co-workers thought he could hedge the markets and ended up waiting too long to sell, now he's out $4k in stocks and a little over $5k in gold options. He says he can't afford his wedding because Trump won. I think the blame lies with him for making stupid decisions.
[QUOTE=Chonch;51350587]One of my co-workers thought he could hedge the markets and ended up waiting too long to sell, now he's out $4k in stocks and a little over $5k in gold options. He says he can't afford his wedding because Trump won. I think the blame lies with him for making stupid decisions.[/QUOTE] Never invest anything you can't afford to lose, and never try to time the market unless you're fully prepared to lose.
[QUOTE=phygon;51348385]google is up[/QUOTE] down 3% today
For those who are confused as to why this happened: [url]http://www.cnbc.com/2016/11/09/cramer-explains-the-puzzling-trump-rally-in-plain-english.html[/url] Jim Cramer breaks it down pretty well.
[QUOTE=Chonch;51350587]I think the blame lies with him for making stupid decisions.[/QUOTE] I think he shouldn't have a ten thousand dollar wedding
Didn't gold's price jump by $45 ~ $50 as well?
Sorry, you need to Log In to post a reply to this thread.