Stock Market is Soaring
By Jim Bauer
@porwest (92404)
United States
November 6, 2024 7:20am CST
It's not even 730am as I write this, but last night some stock market futures were suggesting an 800 point run up on the 30-stock Dow Jones Industrial Average, and this morning in premarket trading, all areas of the market are surging dramaticallly.
The Dow is up 1300+ points.
The Russel is up 6%.
The S&P 500 is up nearly 3%.
And it's not really all that much of a surprise. Trump was always leading on the economy throughout his campaign, and most polling clearly demonstrated that Trump was most trusted to handle the economy.
The Trump win, which we can now easily call, and the stock market performance following the news of his victory, is a clear indicator that investors believe the economy will perform significantly better under Trump than it would have under Harris.
It's just one more win to chalk up.
7 people like this
5 responses
@marguicha (223720)
• Chile
6 Nov
I hope this works for you. I don´t think that on the long run, this election will work for your country. I hope I´m wrong.
6 people like this
@xander6464 (44387)
• Wapello, Iowa
6 Nov
I think you are right. Trump is going to destroy America along with the rest of the world.
5 people like this
@porwest (92404)
• United States
6 Nov
@xander6464 So wrong, sir, and the American people clearly disagree with you by a landslide. If you were right, and most people thought you were, we'd be having a different conversation today.
6 people like this
@lovebuglena (44713)
• Staten Island, New York
6 Nov
I wonder if CD rates will go up.
6 people like this
@moffittjc (121656)
• Gainesville, Florida
6 Nov
Rates will go down as Trump gets a handle on inflation and grows the economy.
5 people like this
@lovebuglena (44713)
• Staten Island, New York
7 Nov
@porwest maybe I should act now and open a CD. Capital One has it for 4.5% for I think 11 months. Unless that’s over already.
4 people like this
@TheHorse (220068)
• Walnut Creek, California
19 Nov
@porwest What saddens me, even as I get richer and richer, is that I want to donate some of my riches to a trust that would oversee piano lessons for kids who could not otherwise afford it. But I don't have faith that the money would go where I want it to.
2 people like this
@porwest (92404)
• United States
19 Nov
What saddens me, even as I get richer and richer, is that I want to donate some of my riches to a trust that would oversee piano lessons for kids who could not otherwise afford it. But I don't have faith that the money would go where I want it to.
@TheHorse I gave up on charities decades ago. At some point, I realized, all I was doing was buying coffee cups, pendants, Christmas cards, address labels, fancy logoed plates, Christmas ornaments, tee-shirts, hats and any other swag item you can think of.
Meanwhile the execs who ran the charities lived in multi-million dollar homes driving around in Porsches.
2 people like this
@everwonderwhy (7365)
•
15 Nov
@porwest I don't understand stock market. But I'm glad that it's working for you and many traders and investors since Trump's come-back to the Presidency.
It's gonna get better and 72+ million Americans are very confidently sure of it. President Trump's cabinet-picks are awesome. Elon-Vivek team, Hegseth, Gabbard, Gaetz, RFK Jr... And yes, the new Border Czar, Tom Homan! :-)
3 people like this
@TheHorse (220068)
• Walnut Creek, California
18 Nov
@everwonderwhy Thanks. I am getting a bit long in the tooth, and don't want to worry about too many peaks and valleys in the future. 
3 people like this
@Dreamerby (5755)
• Calcutta, India
6 Nov
The same happened when Narendra Modi won here for the 3rd time.
4 people like this
