9 Dec 2016 3:19 pm
You mean the most knowledgeable experts on economics like you who said that there wasn't going to be an economic collapse in 2008?Termin8tor » 09 Dec 2016 2:54 pm » wrote:Well gosh, who should we believe, the most knowledgeable experts on Economics and the booming post-election stock market?
Or a lying, babbling Dim like you?
And as for the 'booming post-election stock market' not all stocks have been going up.QUOTE (MistyBlue @ Mar 28 2008, 12:49 PM) We are headed for an economic tsunami, and McCain's answer is to sit back and let the free market work it out.
Except I guess when some big bank fails. Then he will bail them out with our money.
QUOTE (RichClem @ Mar 28 2008, 12:58 PM)We aren't on the verge of a meltdown, unless incompetent politicians pass stupid policy, which thankfully has not happened, except in small doses.
Most of the gains have been in the financial industry.
Financial stocks have soared a staggering 10.7% since the election, by far the most of any sector, with traders betting that President-elect Donald Trump will support legislation to deregulate the industry at a time when interest rates are expected to rise, providing two concurrent tailwinds.
The stock market’s strength has been so concentrated in the financial sector that if you exclude it, the benchmark index is up a mere 0.9%, according to S&P Dow Jones Indices.
http://www.marketwatch.com/story/stock- ... 2016-11-17