Dow Jones Hits 24,000 Points, DJI Increased About 6,000 Points Since Trump’s Election

November 30, 2017

OAN Newsroom

President Trump touts another record breaking day on Wall Street after the Dow Jones surpassed 24,000 points for the first time in history.

Stock Market hits new Record High. Confidence and enthusiasm abound. More great numbers coming out!

— Donald J. Trump (@realDonaldTrump) November 30, 2017

He took aim at Democrats on Twitter Thursday morning, saying if they won the election the market would be down 50 percent from the latest levels.

He also said consumer confidence is at a record high, but would be “low and glum” under Democrats.

The Dow just broke 24,000 for the first time (another all-time Record). If the Dems had won the Presidential Election, the Market would be down 50% from these levels and Consumer Confidence, which is also at an all-time high, would be “low and glum!”

— Donald J. Trump (@realDonaldTrump) November 30, 2017

This is the latest milestone under President Trump as the Dow has risen nearly 6,000 points since his election win.

TOPICS:President Trump Twitter Wall Street

dehypnotized

Actually, savvy investors pick stocks. The most risk is there, but so is the most reward. The average investor should be mostly in a low-cost S&P 500 fund and hold it for a long period of time. You’ll never make as much as if you bought Apple at $13/share back in the day, but the historical return should outperform bonds. That is basically the advice of Warren Buffet, one of the greatest investors in history, as you likely know.
dehypnotized

No, you inferred. I think you’re mistaking my factual comments as some sort of support or defense for Trump and his policies. I’m merely talking about how the market seems to be operating, fundamental, technical, and psychological factors. The market seems clearly overvalued to me, and has been since Obama’s days. But it is what it is.
dehypnotized

You’re not good at trolling. That aside, it’s a fact that Trump inherited an inflated market, due in large part to central-bank policy since the 2008 crisis. Trump is navigating it very well, however. He can’t very well crash the market because bystanders like you want him to. He has responsibilities to pension funds, foreign creditors, and so on. But I would expect a correction at some point, maybe 10% or much more, which all the experts are pretty much saying anyway. All of that is basic market knowledge, and it’s pretty clear you were short the market and missed some historic upside since November. So it goes. If the market does crash, you are apparently positioned to profit. But you’ll need to have some computer trades in place, as it’s likely going to be a flash crash and you’ll have to move fast. Good luck, kid.
Bama Bill

Do you know what your “Handle” means?
Bama Bill

“Populism” is concern for the “Ordinary” people, and the majority is not poor blacks. How the hell Obama can preach “Big govt. populism” is an oxymoron! Only the west coast and New England think govt. should give them everything, housing, food, phones, etc.
Bama Bill

Yep! Sure is Trump’s fault there are over 3,300 shootings in Chicago, with two “White” assailants. What drugs you using? What is “Big Govt. populism”, I want a real definition, not jibberish.
dehypnotized

Don’t forget that the “charade” started during Obama’s term. Trump is merely continuing it. Neither Obama nor Trump really has a choice in continuing the Fed’s easy-money policy.
dehypnotized

You are conflating two points: (1) The market is ridiculously overvalued (we agree on that, as do thousands and maybe millions of other people, so your view is unoriginal). And (2) the unsustainable market will crash as a result (that hasn’t happened yet, and no one knows when it will; so you are not right on that, yet; this is also a completely unoriginal view on your part). Anyone fully invested in the DJIA or SP500 ETFs has made more than 20% since November, which is historically impressive. Any intelligent investor is also fully aware of what happened in 2008, 2001, and so forth, and some may get out in time. As for when the crash may happen, there’s no particular reason to think it would happen during Trump’s reign. That’s just what you want to happen, and wishing is not a strategy, as someone said.
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kaiju

You trolls really need some new tricks.
kaiju

Your typical troll pretends to support what Trump is doing but at the same time makes negative comments about him.

You already lost your lord god emperor BHUSSEINO troll. Let us worry about our own AZZES.
kaiju

America was terrorized by BHO and company for eight years. There is good reason for American’s optimism and a leftist troll such as yourself won’t dampen it. I see similar trolls on many threads here. Tell your employer that the money they spent on you is wasted here. America is owned by Americans again and you corrupt thugs can’t have it back.
Bama Bill

Canada starting investing it’s pension money in the stock market, including U.S. Now they have plenty of money! Wake up “Stupid Americans”!
dehypnotized

I like Trump for other reasons but I agree with you that the market is way overvalued. For now, it’s working, and I think Trump is better than Obama at providing a rationale to keep the market aloft (e.g., US investments are safer, the economy is growing). I would definitely be hedged here. No one should be all in on stocks, IMO, especially if they can’t afford to lose it all and start over.
- hoplophile
  
  so you believe the government should be “keeping the market aloft”?
  
  do you hear yourself? did you really just put that in writing?
  
  that is the position of liberal, big-gov’t statists.
  
  you are likely a great person, but this mentality is why freedom in america is dying.
  - kaiju
    
    More negativity about our country from the latest troll.
  - dehypnotized
    
    Don’t know how you inferred any of that, but those aren’t my views.
Alice

MSN and Yahoo have buried this news. It should be in the headlines! So pathetic!
BillVA

Then it’s time to cash out your equities, right?
BillVA

Is it really an either/or?

Besides, no matter which consumers do (spend not save/save not spend) there is always someone wetting their britches.

I tried to take a look at some articles and it seems that the definition of borrowing and debt vary from author to author. Some even say that taking on more debt is a sign of optimism for the future. I guess part of it depends on what the borrowing is for (debt for housing and cars is generally good, borrowing to fund Christmas and food is generally bad).
BillVA

I am nearing formal retirement (actually got laid off but am not ready to tap my 401k) so my investment mix is pretty conservative.

I’m up over 16% on the year.

Now all I have to do is try to time my exit out of the market.
dehypnotized

If the market corrects, and to the extent you forecast, then you will have been right. But as of today, you are not correct at all. Not in the slightest. You know who was totally right? Trump. And even with a market crash of say, 20-50%, there will likely be a snapback with all the algos running these days. So you will have been right only briefly, not like the lingering downturn of 2008-09. Many people will probably stay invested through any new financial crisis, and with a long-enough investment horizon, they’ll be back in the black eventually. For now, the market certainly can stay “wrong” longer than you can stay solvent, especially if you shorted it. But maybe you got in early on bitcoin….
- Bama Bill
  
  When market “Corrects”, is when I would ‘Buy’! Most investors do everything backwards, buy when “High”, and sell off when market “Corrects”.
  - dehypnotized
    
    Agree. Buy low, sell high. Tricky to time the broader market, though.
    - Bama Bill
      
      When I was a financial advisor I knew all about any company I bought stock in. Turned 40K in 130K in five years. You have to know what you are buying into. Most people do not have a clue.
      - dehypnotized
        
        Agreed. You have to research a stock before you buy it, although there is always some risk and no investment is certain. Knowing a stock/company reduces risk greatly. But people will buy shares in a company (or an index) and they don’t even know what the company makes. That’s just gambling.
      - Bama Bill
        
        Mutual fund company I used reviewed quarterly P&L, made onsite visits reviewing inventory and orders, etc. They knew when it was time to sell, and then only at a profit. Knowledge makes money, education costs money. Most college grads today have never worked day one. I interviewed many, most that were hired didn’t make it past probation period.
    - Bama Bill
      
      FYI, “fear of armed citizens.”, what hoplophile means, Look it up if you doubt it.
      - dehypnotized
        
        I didn’t look it up, but “phile” means attracted to. And the Hoplites were the ancient Greek soldier-citizens. So Hoplophile sounds like someone who would be supportive of a mob with pitchforks.
Localdude

winning.
Localdude

…bla bla bla…
Bama Bill

Well, the “Dems” have shown me again, “NEVER VOTE D”! Mafia, Unions, Dems, all synonyms! Ex Union worker, Ex Democrat voter! Got an education, worked as a “Professional”, and never looked back! I do not need, or want, a “Union” representing me. I did MUCH better after becoming a salaried worker. If I didn’t like my boss, I found a better job, more money, treated much better. Took my vacation when I wanted to, not during the usual two week plant shut down in July. Now I’m 74 and so happy I’m collecting my pension and SS. How many pensions are going broke for “Union” employees? Most.
Ray Mizer

Camelot is rebirthed.
hoplophile

and no one but the smartest amongst us realize that the only reason for this is because trump continues obama’s leagacy of artificially holding down (via obama’s janet yellen) interest rates.

i’d be shocked if one of you trumpanzees can explain why that is, and also articulate why that’s not a good thing.
Erica Merovich

I don’t own stock anymore so this does nothing for me. I’d rather we see more affordable housing in California. It’s impossible to buy a home if you are middle class anymore.
- I. Forgot 2
  
  You can blame that on greed. It’s also a shame to have cars and trucks at the same price that I payed for my house. As long as people are willing to buy, the prices will not come down.
  - Localdude
    
    …well, off topic but the illegals pretty much saturate the low income rentals, lots if not all of the low income housing ownership. not to mention the housing exploiters who rent to 3 families gaining an income well over what the dump would rent for otherwise…city officials looking the other way on all things ‘illegal alien’ in cali. interesting topic actually.
    - BillVA
      
      I recently left Northern Virginia.
      
      It’s the same thing there.
      
      As a side bar, that issue is yet another reason people voted for Trump. Illegals are yet ANOTHER class of peoples exempt from the laws (like occupancy rates) that would be used against the rest of us.
- BillVA
  
  Too many people competing for the finite supply of real estate.
  
  I read that a family of 4 living in San Francisco with a household income of $106,000 actually qualifies for HUD assistance.
  
  I recently left Northern Virginia after living there for over 45 years. The biggest reason so a handful places are overcrowded is that employment is located there…in other words, it is far from equitably distributed across the country.
  
  I continue to be perplexed as to why pure economics (the cost of business rents plus the higher salaries) have not driven businesses to cheaper locales.
dehypnotized

All of the Trump haters with 401k funds are doing quite well.
- Lima Co3/5
  
  Eff’n A they are!
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RockyMt, CO

The market jumped today when it was reported that McCain said he is on board with tax reform and the elimination of the individual mandate on Obamacare. That helps small businesses.
My next concern is was McCain lying or is he going to vote yes this time?
landy fincannon

The markets were setting new records right before in 29.

Goldman is warning that everything is over valued, making comparisons to the same period
- kaiju
  
  Landy, I’m beginning to think you are a Trump hater in disguise. What’s your goal in these type of posts? While what you are saying may be true. It seems to me that confidence in the president by the American people is what is really important to the economy. After eight years of the terrorist BHO, people have good reason to be optimistic. You do not seem to share in that optimism.
  - RockyMt, CO
    
    I agree.
  - landy fincannon
    
    Let’s just say I’ve become disillusioned after seeing Donald make one appointment after the other from the ubiquitous deep state.
    
    I didn’t see that one coming.
  - I. Forgot 2
    
    Actually, I saw that trait in him right away when he first came on here.
    - kaiju
      
      Well there is the scripture “By the same measure you use so it shall be measured unto you”. Of course there is also the supposed American Indian saying that you can’t judge another man until you walk the trail of life in his moccasins. Both profound rules to live by. These considered, it’s always best to reserve one’s opinion until a reasonable certainty can be ascertained.
      
      Landy has over time established a pattern of attack on conservative minded persons and ideas that leads one to question the underlying motives.
      - I. Forgot 2
        
        Oh I know what the troll does. I clearly remember when landy followed you around on other websites taunting you. That’s one of the pitfalls of not making your profile private. Landy isn’t the only one on OAN like that either.
- RMCS Ret.
  
  Interesting. Nobody seems to know exactly what caused the 1929 depression. The main thoughts are: It started as a normal recession and the Fed caused it to go into depression by inordinately tightening the money supply; another theory is a widespread loss of confidence by the public resulted in lack of demand for products and lack of investment; there’s also the theory that labor practices caused the length and depth of the recession to turn into depression. Take your pick, or add a new theory. Ones as good as the other.
  - landy fincannon
    
    You’re right, it’s all speculation. There is however an interesting article you might find of interest. In titled The Untold Story. I whis i could send you a link.
    - RMCS Ret.
      
      I’ll find it. Thanks.
Roscoe

My IRA has risen so much that we are going to add a hot tub addition to the house. Thank God for Trump and his economy. The DemoRATZ bring poverty. Just look at the cities that they control.
- Bama Bill
  
  Look at Chicago, they have only had 3,333 shootings. And Detroit has lost most of it’s citizens, they moved out. The “Unions” now pay about $75/hr. for factory employees, I don’t consider them “Workers” after working as a consultant at all the “BIG 3”. How can Union products compete with Chinese, when Chinese make about $3/hr.? That I can’t find out. How stupid are we. When I made $3/hr. at Kroger’s, I could pay for my new 1966 Mustang in 22 weeks. $2,465 / $111 take home a week. Who can pay for a new $32,000 Mustang with 22 weeks take home pay today??? That’s $1,455 a week take home pay. I’d like to hear from all you that can do it. Remember, I worked as a stock clerk at Kroger’s back then.
  - Roscoe
    
    I grew up in Pontiac Mich. and left in 1961 for the USAF. I came back in 1968 and left for good in 1969. I watched Black DemoRAT administrations destroy Detroit. I moved to Atlanta Ga. in 69 and retired to the country in 2010. Again I watched Black DemoRAT administrations destroy Atlanta. BLM is a destructive force. The NAACP is an organization that sells black votes to the DemoRATZ. The political left of Bernie Sanders is what is currently destroying Venezuela. No good comes from the DemoRATZ.
    When I was in Japan the exchange rate was 360 Yen to the dollar. Today it is around 100 Yen to the dollar because the dollar is worth much less. They just print more money to pay the interest on the debt of 20 Trillion dollars.
    - Bama Bill
      
      Mafia, Unions, Democrats, all the same. Lived in Detroit and saw how they all work together. Mayor Young said, “There ain’t nothin’ wrong with breaking the law, except being dumb enough to get caught”! When I made $3/hr. in the sixties I took home $111 of my $120. Paid for my new 1966 Mustang with 22 weeks take home pay. Can you pay for a new $32,000 Mustang with 22 weeks take home? I haven’t had one reply from someone that could yet. Remember, stock clerk at Kroger’s back then.
longlance

YUGE financial collapse coming soon.
- Localdude
  
  …yeh, maybe, always a risk amigo…but now we at least don’t have an ‘open boarder’ president when it does…so, whatever hater..totally survivable now…
Aldo

I’ve NEVER felt better about America !!!!
Aldo

MAGA~MAAA~MASA !!! Winning again and again !!!
Marc S.

America is the greatest country on the planet!
Marc S.

Thank you President Trump!
Big Al

GDP for the 4th quarter is estimated at 3.8%. THREE POINT EIGHT PERCENT. Why the HELL would people want the party who gave us 8 years of < 2.0% back in charge?

H/T – Bill Mitchell‏ Verified account @mitchellvii
- Bama Bill
  
  Because that is what they learned in University! The university student cashier in Walmart can’t add a $50 bill and a check for 65.14! Won’t believe me when I add it on paper, 115.14. Simple, how much is 6 and 5? Has to call a manager as she doesn’t have a calculator! “Beam me up Scotty, no intelligent life down here!”
conquest915

This is what happens when consumer confidence is at a high not seen during the last two presidencies. It is also the reason you had the greatest Black Friday sales ever and a GDP over 3.3%.

And to you Tow head libs, Obama did not set this up with is presidency. This is what winning really looks like and not the liberal BS talking points you have been feed the last 10 years.
ray

Just imagine the greatness America could attain if the obstructionist (communist) Democrats had American greatness in their hearts … instead of obstruction, division, protests resistance, hate our President, and screw everyone attitude.

Hey .. were are the troll farm people? .. they haven’t gotten here yet :))
- BillVA
  
  In all fairness, the Republicans are hardly on Trump’s side, or the side of the American people.
  And don’t let the media escape blame for their part in he destruction.
  
  It’s INSANE to think of the unleashed potential, isn’t it?
Sheriff Bart

NO! nah hah no it didn’t there’s no way this is happening he said it would rise and it did must be fake news right libs?
- Pinogam
  
  I’m going to force myself to watch the 5:00 news today to see if they report this. And, if so, how they are going to trash the President and say it has nothing at all to do with him.
  - Sheriff Bart
    
    Yep. You’re probably right.
    - “I’m a Rooster!”
      
      A large part of me would like to see what is the opinion of Schumer, Pelosi, Biden and, of course, Obama on this news. They will be silent like the rest of the Democrats.
      - I. Forgot 2
        
        I would rather them be silent that to hear their lies and whines.
      - Localdude
        
        …yeh, they are really busy right now – defending rapists, creeps, illegal aliens and stupid ideas…lol…
    - Pinogam
      
      Good ol’ Chuckie: “The way this tax bill is being rammed down our throats….” This is his response to the Dow hitting 24,000. Thanks for your consistency Chuckie. This at 5:03 pm EST.
  - pb2
    
    According the the obama groupies, this is all obama. The economy was supposedly improving at such a high rate at the end of his term, it’s carried forward by inertia.
    - Pinogam
      
      🎵 If they only had a brain. 🎶
      - pb2
        
        For the few with a brain, it’s made of the same material as the fake vomit or fake dog poop. Hmmm, in either case it may actually be made of the real thing.
      - Bama Bill
        
        They do, but it is “FRIED”!
- conet
  
  Both have been going up steadily and constantly since 2008. Trump had nothing to do with it.
  - Localdude
    
    ….lol…at 1% – every year- maybe – offset with huge losses in other sectors – every year – for 8 years (oh yeh, that was Bushes fault) So – just at the election of Trump – rocket upturns in all sectors and by inauguration of Trump – 3 to 6% in even anemic sectors…lol…man…you drank the kool aid dude, even math and timelines wont impress the delusional…
  - Sheriff Bart
    
    We’ll take it. Right?