K.C.Journey Fan wrote:Fact Finder wrote:Stocks closed mostly higher Friday, with the three major indexes posting their best weekly gains of the year on the back of a surprise Republican sweep.
The Dow Jones industrial average closed 39 points higher, with Goldman Sachs contributing the most gains.
For the week, the Dow rose about 5.4 percent, marking its best weekly performance since December 2011.
"I think you're seeing a transition from a government that had its thumb on growth to a free economy," said Bruce Bittles, a chief investment strategist at Baird. "We're now looking at an economy that can reach its full potential."
Light appearing at the end of the tunnel. The light the Media is in overdrive to destroy.
I wouldn't get too excited about the economy just yet...
Nominality is meaningless if the underlying fundamentals are dishonest.
Most historical econ indicators, heavily distorted by subzidation before the election... still are.
The banks are still carrying all that toxic debt from 2008 (none of it has been washed away), it's just hidden with the suspension of the GAAP "mark-to-market" rule...
Average GDP growth is still tepid
The Workforce Participation Rate is at 30 year lows.
The U3 is skewed by folks who are no longer counted..
There will be no light at the tunnels end until the debt is resolved, and the indicators will revert to the mean.. (which BTW are pointing in a recessionary direction) and that will be a nasty wake up to the reality regarding the true state of the economy.
Trump will be President.. but nothing has fundmentally changed in the economy.