iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
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President Trump Says Dow Broke Through 25,000 ‘Very Substantially’; 30,000 is Next

The President is quite pleased with the performance in the Dow. You can see him sitting there in the video below, with his arms cross with a small statue of a bull eviscerating a bear in the background, boasting about the market’s gains and how 30,000 is next. With a nod and a wink of the eye, the President assures us that nothing could go wrong. Jobs are being created. Prosperity is on the rise. The Dow is bolting past 25,000 and onto greener pastures, perhaps 30,000 in the not too distant future.

The Dow is up nearly 40% since Trump was elected in November of 2016.

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13 comments

  1. acehood

    Take that Obama!

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    • oilerua

      Obama had to navigate the 2008 shitfan crysis which was not his fault

      trump is sitting on a fed-ai driven- stability market from day1
      thats been put in place for and after the 2008 crysis

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      • ferd

        Coming in to any job AFTER the shit hits the fan if the perfect set-up for out-performance. But you can, I suppose, give both Obama and Trump credit for being willing to paper over the rot.

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      • tonka

        TARP, ZIRP and QE all started before Obama.

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  2. tonka

    Years ago I laughed when Abe put an explicit target on the Nikkei. You can’t just will future cash flows to happen. But then it actually worked. By hook or by crook.

    Strange world we live in.

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  3. sarcrilege

    DOW at 18000 is a yuuge bubble and risky to put money into it. At 25000 on its way to 30000 it’s not. It’s safe to go in the water again.
    https://tinyurl.com/ydd8nh3q

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  4. therealfly

    Trump noted that he has dabbled in the market successfully — “I did like 50 stocks just for fun, because I’m not a person that really believes in it too much,” he told Fox — but cautioned against it.

    “I wouldn’t do it,” he said.

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    • MSGT HARTMAN

      He makes his money navigating the rocky shoals put there by the corrupt politicians and unions in the North East, mainly NY and NJ.

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      • sarcrilege

        Trump is a fake billionaire. After his debts and obligations are netted out, he’s barely a middle class schmuck.

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  5. gatorsun

    CNET hat tip real deal wins

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  6. gatorsun

    IZEA next crap popper play

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  7. WrongView

    FAKE NEWS: That’s a bison eviscerating a wolf. Anyhow, live it up.

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