The value of the U.S. stock market has risen by $9.1 trillion, or 35.6%, since Election Day in 2016, according to Wilshire Associates.Lately, he’s been blasting the Federal Reserve for raising rates, and he’s steadily urged the central banks to revert to the policies that supported the market during the last crisis, including the resumption of the Fed’s bond-buying program.
“I would say in terms of quantitative tightening, it should actually now be quantitative easing,” he said last week. “You would see a rocket ship.” ‘If the Fed had done its job properly, which it has not, the Stock Market would have been up 5000 to 10,000 additional points, and GDP would have been well over 4% instead of 3%... with almost no inflation.
The Dow Jones Industrial DJIA, -0.22% riding strong bank earnings, closed up almost 270 points to 26,412.30 on Friday — another 10,000 points would put the index well above the 36,000 level. The Dow’s all-time high is 26,951.81. Providing critical information for the U.S. trading day. Subscribe to MarketWatch's free Need to Know newsletter. Sign up here.
Shawn Langlois Shawn Langlois is an editor and writer for MarketWatch in Los Angeles. Follow him on Twitter @slangwise.
So if there is still an additional 10000 points of potential upswing in the stock market , investment and and jobs will keep coming up strong.
Where is the Corporate Earnings to support that kind of Dow Points, Moron In Chief? Already Banks make most money on Speculative Stock Manipulations and concocted P/E multiple expansion. Where is the demand for loans? Personal, Corporate and Govt debts are skyrocketing! No Growth
trump lives in an imaginary world, very damgerous for u.s,, again where is the congress and the gop
He knows a thing or two about inflating assets.
Its truly mind blowing how no one is looking twice at articles like this, HE IS CALLING FOR THE SAME STIMULUS PACKAGES WE HAVENT USED SINCE THE GREAT RECESSION. That fact alone screams “we’re back in recession”
Thank goodness people don’t take Trump’s investment advice. It wouldn’t be a stock market bubble, it would be the Hindenburg.
realDonaldTrump Try to convince people who are large bank and company CEOs to buy more stocks than bonds “We are all in bonds” is what DavidSolomon said in a GoldmanSachs video a few months ago - this may change perhaps he needs to diversify with his new job but it could help
Thanks for updates marketwatch
It will be in the next round of QE and nirp when asset prices surge temporarily but become much less valuable and the USD crashes