Quote:
Originally Posted by RedFred
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How many times do I have to explain this to you? The stock market rises and falls based on FUTURE expectations.
These are the closing bell numbers on Nov 8th. The market exploded after the election because once they digested Trump's economic policies they realized this was going to be great for the economy.
Nov 8th, 2016:
Dow: 18,332.74,
S&P 500: 2,139.56
Nasdaq: 5,193.49
July 3rd 2019:
Dow: 26,878.91
(+46.6%) <-- oops I was off! 46%!!
S&P 500: 2,984.92
(+39.5%)
Nasdaq: 8,153.87
(+56.9%) <--holy shit!