“If they actually did this the markets would crash,” says the would-be president-for-life, cruelly limited by recent events to president-for-now. “Do you think it was luck that got us to the best Stock Market and Economy in our history. It wasn’t!”
Close to record highs As momentum built to impeach the 45th president of the United States, with a majority of the House of Representatives now favoring an impeachment inquiry, the Dow Jones Industrial Average DJIA, +0.36% dipped 0.4% for the week and the Standard & Poor’s 500 SPX, +0.50% fell 1%. They’re still within 2% of all-time highs.
After the election, the rally was led by financial-services stocks — a twofold bet on higher interest rates that would boost profits at JPMorgan Chase JPM, -0.03% and Bank of America BAC, -0.61% , which never materialized, and looser regulation. Trump talks down the markets Instead, now we talk about the ways Trump hurts — usually when he talks about trade.
timmullaney The rich will pull every penny out of the market because they will be taxed up the butt.
timmullaney Really.