by Stephen Dietrich
In March, I wrote that the election of Donald Trump would be like an injection of steroids for the stock market.
Forgive the self-congratulation, but my team and I completely nailed it.
Don’t take it from me. Ask investors around the world, who are clamoring to buy-in to the Trump presidency as fast as they can.
After a 7-day long rally that saw stocks soar to new highs, Wednesday marked the first down day for the stock market. Thursday morning, stocks have rebounded modestly, while overnight trading briefly pushed the value of the U.S. dollar to a 13-year high.
What does that mean? That shows there is a lot of faith in the U.S. economy.
And that means there is faith in the president-elect.
The future won’t always be so consistently rosy, of course. There will be down days — in fact, later today Federal Reserve Chairwoman Janet Yellen is expected to announce a rate hike in December that may slow enthusiasm.
But the naysayers that warned of global economic collapse if Trump was elected have been proven wrong yet again.
These same market Chicken Little’s predicted the sky would fall when the United Kingdom approved Brexit. Last I checked, the stars were still safely above both our countries.
The fact is, investors are expecting less government interference from the Trump administration, and that’s fueling enthusiasm.
But most importantly, the market — made up of millions of individual investors — is confident that the Trump administration will be a responsible steward for the U.S. economy.
That confidence is something the mainstream media promised didn’t exist.
But once again, they were wrong. Globally, there is enthusiasm for what Trump means for the economy.
The numbers don’t lie.
Stephen Dietrich is the Managing Editor of The Horn News.
The dollar is stronger because of Tekken hiking interest rates, dumbass
The dollar bill is stronger because The Lord is blessing this nation again since we voted out the demons!
AMEN!! You are right on Pamela
We STILL need to turn this nation around, though!!
We need to stop murdering the unborn, stop giving honor to those, who live in sin,
stop allowing “rights” to those, who have broken the laws of the land and stop thumbing
our, collective, noses at the Almighty!
amen!!!
AMEN to that Gary!!!!
agreed!
Very well said Gary: An ATTITUDE CHANGE back to our Basics which worked so well will do the Trick:
Amen and Amen!!!
AMEN
I don’t give a damm why it stronger, just that it IS stronger
DUMB BUNNY ! ! ! ! !
U must be a Democratic sore loser cholkabd… why don’t you go to another site to whine… cholkabd the whiner. Your such a hotdog , Sorta kinda like a Weiner . Blah blah blah…
????????????????
good for you, Will!!
All that proves is Slick Willies plunge Protection Team is at work. They’ll crash right after he’s sworn in so it wont be Obozo’s fault.
Of course it’s stronger!!! WHY??? Because the American people have had it with the “Status Quo” and elected a “Businessman as President, who knows what he is doing”!!!! No more of these “Career Politicians who do NOTHING”!!! Millions of us went against our OWN PARTY that is totally stagnant and corrupt!!! Now instead of “Whining, rioting and wearing those STUPID safety pins”……………GET THE HELL OUT AND SUPPORT YOUR PRESIDENT, DONALD J TRUMP!!! IT TAKES A “NATION” TO COME TOGETHER AND DO WHAT IS RIGHT FOR THIS COUNTRY!!!! FIGHT FOR YOUR FREEDOMS AND THE SANCTITY OF OUR CONSTITUTION!!! ************** UNITED WE STAND, DIVIDED WE FALL ***************
Right on, Debbie
God Bless you Debbie!!! Way to get it said!!
This is a logical outcome for USA because our economy has been held in check by the slowest recovery we have ever experienced at least since the Great Depression. President Obama, while smart and well educated, is not a leader. The removal and limitation of harmful regulations, lowering taxes for corporations and people, will fuel the economy and increase revenue into the government as well. We have seen that pattern in history. As our economy improves, the world economy will also benefit. Even during these challenging past years, investors have felt safer investing here.
Obama isn’t that smart, or he would be capable of giving a speech without a teleprompter. Good grief, every college kid has to be able to do that!
He is sly, though, a particular kind of smart that is very useful when one is trying to damage others.
OBama is 10 times smarter than the Bozo coming into the White House. We’ll see how you feel about him
two years from now. Of course when everything is bad you’ll find something or someone else to blame of course.
Talk about a BOZO look in the mirror.
Ha! Ha! Ha! No you will!!!!
what is so smart about a 20 trillion deficite and letting us troops in unwanted wars to be killed and backing terroist
Blah blah blah… Bruce, WHY don’t you come back In 2yrs. from now x & we will discuss it further. Bruce, Bruce, Bruce. Stop Being such a sore Loser…
You are not American you suck
Like your kind blaming every problem on earth on BUSH?
We’ll see, check your bank balance for the value of your opinion. Trump has $11 billion in the bank. You think he just stumbled into that.
Last Wednesday morning after the election I felt like getting up and going to work. As I felt a huge weight had just been lifted off of my back. Based upon what I am seeing from the market and around the world are feeling the same way.
One of the Deplorables!
From another Deplorable, I agree!!!!
Nice to meet you. I’m another deplorable.
Making America great again will make a lot of businesses profitable again. President Trump’s initiatives have the potential to create a multiplier effect that will allow each dollar spent to improve the profitability for a variety of businesses. As prosperity breaks out across the land hopefully the federal government will use this time as an opportunity to begin paying down the Obama debt of the last eight years.
I don’t understand what is taking Trump so long! He hasn’t built the wall yet, nor has he created 25 million jobs! and he hasn’t chosen a Supreme Court Justice yet! What do you suppose is taking him so long? After all he’s been the President elect for nine days now! But the Stock Market is on the rise and the American dollar is at a 13 year high! That only took nine days!
Donald J. Trump President of The United States of America! I get a thrill up my leg every time I say it! LOSERS, LOSERS!
He is not in office yet Sal!!!! Give the man a chance, he will get it done.
He has a big obstacle in his way, called Obama!!!!
I cannot tell you how pleased I am at the common ground comments on this page.
It amazes me how many Killary supporters fell for the witch potion that causes them
to think negative thoughts of government failure with a businessman at the Helm.!
Thank God we have ended the graft of her Satanic movement for personal gain.
MR. TRUMP IS OUR ONLY HOPE. HE’LL DO A FANTASTIC JOB IN SPITE OF OBAMA AND THE CORRUPT MEDIA = AS WELL AS GEORGE SOROS WHO WANTS TO UNDERMINE THIS ELECTION RESULT.
FOR YOU REASONABLE PEOPLE, KEEP BELIEVING IN MR. TRUMP. HE’S A GENIUS IN THIS SORT OF STUFF AND HE’LL MAKE AMERICA SURGE AGAIN. DON’T LISTEN TO CNN OR ANY OTHER LOSER NETWORK. BOYCOTT THEM AND LISTEN TO SEAN HANNITY AND TUCKER CARLSON. YOU’LL GET THE STRAIGHT AND HONEST REPORTING YOU DESERVE.
MR. TRUMP WILL PROVE HIMSELF A TRUE WINNER WITH ENOUGH TIME TO TURN OUR ALMOST DESTROYED COUNTRY AROUND. GIVE HIM A CHANCE, FOLKS. HE’S NOT A LIAR AND HE LOVES AMERICA AND WILL FIGHT FOR US! THAT WILL BE A WELCOME CHANGE …
Trump isn’t President yet so we can’t credit his policies for a positive move in the stock market. All we can say is that markets have reacted to Trump winning the election and smart traders have taken advantage of the reaction by buying the dip. The initial negative reaction being caused by Trump’s enemies at the Fed of course. Those in the know were ready for a Trump victory.
GOD BLESS DONALD TRUMB AND GOD BLESS AMERICA! ONE NATION UNDER GOD AND INDIVISIBLE! WITH LIBERTY AND JUSTICE FOR ALL! I HOPE!!!!
Hey bruce.. I’ve seen obama
Speaking on tv..and i must say
He is a terrible speaker. He hems
And ahhhhs so much he looses
His train of thought. His speeches
Take thirty minutes .. That would take
The average person ten minutes.
Anyone who says he is a great orator is
Nutz…..
He’s only great when there’s a teleprompter and has time to practice. When in news conference that’s when he makes off the cuff, glib remarks and “goes off script.” JMO.
Funny, when Obama was elected the dollar dropped like 200 lb weight. The media thought that was great news. I really will never understand their liberal ideas or logic. When something goes up that’s bad, when something goes down that’s good and I don’t think they were talking about weight loss. Trumps obviously is pro business, liberals love big government, making a profit and earning a living is bad. They want everyone to be indebted to big government for the pennies they hand out. In a liberal world only the highest elites are allowed to profit. The Kennedy’s, the Clinton’s, Soros, Buffet, Michael Bloomberg and there are a lot of billionaires in the US, a total of 492. During this election cycle, there were a total of 22 billionaires that gave various amounts of money for the Presidential election through direct donations, fundraisers, PAC, etc, 13 billionaires on the list gave to liberal candidates and organization associated with the Democratic Party. The remaining 9 gave to conservative organizations and no direct donations were made to the conservative candidates. You can verify my findings through the watchdog group Open Secrets.
SO, Some French Designer refuses to “dress” Mrs. Trump because of President Trump’s campaign words……..I say forget about “imported designs”……..find an American “nobody” & jumpstart an American Designer’s life and the American Economy…….then we can export to France and just maybe dress the “French Designer”.