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
19,759 Blog Posts

Trump is Good As Long As Markets Keep Going Higher

It must be incredibly frustrating for bears who are positioning for political uncertainty. Traditionally, the shit that’s taking place now, scandal after scandal and trade wars, would produce a toxic environment for stocks. You know it and I know it.

I used to say the Fed was keeping markets afloat with their tricky ways; but not anymore. They’re out of the way, even being dicks by jacking up interest rates whenever they get itchy.

So why are markets higher? What the fuck is going on?

Well, this recovery was planted in the ground before Trump got into office. The very evil Obama is the one who presided over the recovery and corporate profits were heading higher. When Trump got into office, he sort of stumbled upon a great happening and then super charged it with some regulation and tax cuts. The market isn’t being run by nice charts and technical breakouts, like some of your more inane market ‘experts’ might have you believe. It is being fueled by corporate profits — even in the retailers.

Because earnings and free cash flow are up, so are stocks. And because of that very fact, a certain Donald J. Trump is safe from the gallows and all of the people who want to see him there. If markets crash and become miserable for big business, he’s a goner.

Even more incredulous — if markets are up in 2020 and he runs again, in spite of the frenzy in the media and blue check marks on Twitter, he’ll get reelected and torment half the country for another 4 years of shit-posting.

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22 comments

  1. it is showtime

    Reminder,
    Stock buybacks reduce the outstanding shares
    That increases the earnings PER SHARE

    What do we have now? Buyback-level PEAKING

    Buybacks will be trailing off into 19
    Earnings then must double-compensate

    There’s your zirp FAKE boom cycle coming to an end

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  2. rangersfan

    we are in a real economic boom, less fed influenced, and people actuallu working private sector jobs. we havent been in this environment for some time. some may still be sleep walking into a massive bull runnup till recession hits

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    • it is showtime

      1 employment is good but not near as robust as believed,
      the ratio is goosed as people drop out of the calculation
      2 increases since trump started are generally just on par
      with population-growth and the later years of obama
      3 avg p/e (non forward) is communicating fake-as-fuck stocks
      djia Average P/E 27.1
      naz Average P/E 32.7
      source: cnn money
      4 it is a central bank induced boom

      not sure what you mean by real but it is the first half of a boom-bust

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  3. heckler

    Four more years of slurpin Putin’s cock! M’erica Fuck Yeah

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    • Dr. Fly

      ‘Choose your cock: Chinese or Russian. Go

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      • metalleg

        From what I know about this dude Heckler, I’d think he’d jump if you offered him the African variety.

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  4. ferd

    In this particular thread, “it is showtime” is the only one who appears to have a clue.

    …and heckler, don’t be so easily programmed. Trump got spanked and did a 180 …so who do you think has him by the short ones?

    Yeesh.

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  5. joyous__ending

    Market can run in place for 2 years and he survives.
    However, if unemployment rises to 4.5 or 5%…lookout.
    If NK launches or explodes anything, the ice breaks.
    If Russia invades new turf or nerve gases an American, toast.
    Otherwise, Trump is home free.

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  6. ironbird

    Trump is a real. Fuck all you faggots and dykes that do not get it. Fuck all of you.

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  7. pb

    Copper.

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    • ferd

      Ominous.
      Capitulatory?
      Silver too. Got spanked in silver last night.

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  8. awanka

    I have to admire the showmanship, Mr. Fly. 2 years of being at the center of the public eye, and he hasn’t become old news, and continues to shock every week. It’s like we’re all living in the biggest reality show in the world.

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