IT’S OFFICIAL: DOW Closes Over 29,000 For First Time Ever – Greatest Market Rally in US History Continues!

The greatest stock market rally ever in US History continues. DOW up 91 points – Sets new all-time closing high!

After President Trump was elected the stock markets exploded. The markets are a gauge of the economy and include expectations of the future. On November 8th, 2016, the DOW closed at 18,332. Since that date the DOW has soared. On Wednesday the DOW closed at 29,030 or 10,698 points higher than the day of the 2016 election!

The markets are starting 2020 with a bang! Never has has the DOW risen so much in such a short period of time. THIS IS HISTORIC!

Not only has the DOW skyrocketed since Donald Trump was elected President, the market’s rise is record breaking.

President Trump’s first year in office (2017) saw the most all-time stock market closing highs (71). The most all-time closing highs in a year prior to 2017 was 69 in 1995.

Prior to 2016, no year in the DOW’s more than 100-year history ever saw the DOW increase by more than 3,500 points. In 2017 the DOW increased nearly 5,000 points for a record. In 2019 the DOW was up more than 5,000 points (5,210) for the first time ever setting the new all-time annual record!

Since President Trump was elected President the DOW tied the record for the most all-time closing highs in a row. In January of 1987 President Reagan saw the DOW increase to new all-time highs a record 12 days in a row. In February of 2017, President Trump matched Reagan’s record.

The DOW reached its fastest 500 point increase between major milestones under President Trump. In January of 2018 the DOW surpassed 26,000 and six days later the DOW surpassed 26,500. Under President Trump the DOW has seen the fastest 1,000; 2,000; 3,000; 4,000; 5,000; 6,000; 7,000, 8,000, 9,000 and 10,000 point increases in DOW history. No similar records have occurred at any time in history.

Also, President Trump didn’t ride an Obama wave, the DOW under Obama was down in 2015 and stayed relatively flat until the 2016 election. The DOW is now officially up more than 58% since the 2016 election.

Presidents GW Bush and Obama NEVER reached a new all-time high in their entire first terms. Presidents (Franklin) Roosevelt, Truman and Carter never reached a new all-time high in their Presidencies.

President Trump has now increased the markets by more than any other President in their entire Presidency (when counting from their election win to the election day in their last year in office.) This has never happened before.

All the major indices are way up under President Trump and many records have been set. The market increases since President Trump’s election three years ago truly are historic and record breaking!

My portfolio is benefiting. Yet I am smart enough to know there is more to the economy than the DOW. You know what real inflation accounted-for wages went up last year? 1.1%. That's all. Couple that with millions of people who can't afford medical care and you have a disaster in the making.

From its low in 1982 to the infamous crash of October 1987, the Dow Jones rose 250%

From its low in 2009 to now, the Dow Jones has risen by 343%.

All glory is fleeting. Historically, the US markets reach their lowest level no more than 6 months after a major crash. Even if this is followed by a bear market for 1 - 2 years, my advice would be to wait till the crash comes and buy 6 months after the crash.

PROMISE KEPT: President Trump signs landmark phase 1 deal with China

In a historic moment, President Donald J. Trump was joined today by the Vice Premier of China in the East Room of the White House. Together, they signed a new, fully enforceable trade agreement that rebalances this vital trade partnership while boosting American businesses, farmers, manufacturers, and innovators.

“From day one, my Administration has fought tirelessly to achieve a level playing field for the American worker,” President Trump said. Before he took office, Washington had long tolerated unfair trade practices that buoyed special interests while hurting U.S. working- and middle-class families.

President Trump: I’m putting the American people first!

“For years, politicians ran for office promising action to remedy these practices, only to do nothing but allow them to continue,” the President said this morning. “Unlike those who came before me, I kept my promise . . . Now, our efforts have yielded a transformative deal that will bring tremendous benefits to both countries.”

The new agreement makes good on a number of key promises to fix trade with China:
American-made products: To help rebalance the relationship, China has pledged to increase imports of American goods and services by at least $200 billion. 

Agriculture purchases: As part of that commitment, China will be stocking up on goods from U.S. farmers—between $40 and $50 billion worth.

No more forced technology transfers: For the first time ever, China agreed to end its practice of forcing American companies to transfer their technology to Chinese companies as a condition for doing business there.

Fair currency practices: Beijing has agreed to stronger commitments on its practices regarding currency devaluations and exchange rates.

And that’s just phase one. The work on a phase-two deal is already underway. 

“With this signing, we mark more than just an agreement. We mark a sea change in international trade. At long last, Americans have a government that puts them first at the negotiating table,” President Trump said.

A stronger America, of course, doesn’t come at the rest of the globe’s expense. On the contrary, when the United States is thriving, it makes the world a safer, more stable place. A better and fairer trade partnership with China will do much of the same.

Starting today, a new era of harmony, prosperity, and commerce officially begins.

Oh. dearie, dearie, me, the serial liar, Cereal Brains has returned!  Poor, poor, OzPol.  Tsk, tsk.