From the WSJ.com:
Dow Hits 20000 for First Time
by Erik Holm
Since Election Day, the stock market has found fresh legs to add to one of the longest bull-market runs in U.S. history
Grab your hats.
The Dow Jones Industrial Average just powered through the 20000 level for the first time ever, setting an all-time intraday high three trading days after the inauguration of Donald Trump. Moments after the open, the Dow shot up to 20033.77.
The new record comes as stocks have been on the rise for much of the past three months, finding fresh legs since Election Day to add to one of the longest bull-market runs in U.S. history. The Dow industrials closed under 18000 as recently as Nov. 4, but have risen 12% since then.
The stock market was to have crashed terribly, worldwide, when the UK voted for Brexit last year. Yes, the stock market went down but it came back up.
Doomsayers — mostly on the Left — also insisted the stock market would tank following the election of Trump. Wrong. In fact, if benefited from the “halo effect.”
Businesses were hearing the right things. Some, who had plans to leave the US decided to stay where they were. American businesses are hearing the right words: lowering of corporate taxes, eliminating some regulations, ObamaKare mandates removed and/or changed, all from a president who wants to grow the country and knows how to build and how to make a payroll.
Caution.
Don’t get cocky.
Much of this number reflects reality. A lot of it doesn’t. Because of that — though the numbers are good and it’s an historic occasion — there will be a “correction” as they say. The correction will hurt. The Dow will go down. But it will all even out in the end.
Don’t think it’s going to continually be like this.
BZ
Just as elections have consequences, we may finally be turning the corning on the corresponding axiom of “actions have consequences.”
Serial liars, like serial arsonists or serial wife-beaters, have a compulsion that frequently cannot be suppressed. Such is the case with Hillary Rodham Clinton, as is the case with Barack Hussein Obama, former president.
Nancy Sinatra replied with this Tweet.
Second, CNN misled people with this story:
When, in fact, during the inauguration the crowd looked like this.
This is an enlargement of the photo to which CNN referred.
Do you want to know the facts? The photo above, showing fewer people, was taken early in the morning of the inauguration. The photo showing a packed mall was taken during the inauguration itself, a few hours later.
Bill Kristol finds it “depressing and vulgar” to hear a president say the words “America first”? Are you absolutely kidding me? Actively advocating for your country is now anathema to those who claim to be Republicans?
A ridiculous argument as ISIS needs no further motivation to recruit, other than infidels exist in the world, and that Western countries exist as well. And, uh, Kurt, allow me to please improve your Tweets. I think you meant “smug” instead of “snug.” Of course, I don’t want to be putting words in your mouth. I’d rather you just look as silly as you are already, yes?
Then there’s the mature, loving, understanding, tolerant and sensitive Tweet of Canadian Leftist Ashley Csanady, who felt compelled to add photographs of Barron Trump to emphasize her point. Hell, he’s a Trump kid so he makes great fodder for insult and ridicule.
But wait, it gets better. There’s nothing finer than accusing Barron Trump of being your next home-schooled mass shooter. Now that’s insightful.
This time our compassionate, understanding, tolerant and sensitive Leftist, Katie Rich, an employee of NBC, believes that libeling Donald Trump’s 10-year-old son is perfectly splendid because, after all, he’s Donald Trump’s son. Fair game.