dalpat077
Bluelighter
- Joined
- Oct 14, 2019
- Messages
- 3,091
Apologies. I misunderstood you. Thanks for letting me know.pretty much my point. we agree.
alasdair
Trump isn't perfect. Not by any stretch of the imagination. But given my experience in the business here's my take below and criticism and input is welcome.
A rip roaring stock market doesn't automatically translate to jobs on the ground. Forcing American companies to bring production back to the USA does. And a rip roaring stock market favors only a select few. So there Trump's rhetoric on the subject was just that i.e. rhetoric for consumption by the ill informed. Fact of the matter is: the only thing the stock market cannot handle is uncertainty. The Dow took off in 2016 the very moment the election results were published and went up in an almost straight line. But the rub is that it would have done exactly the same had Hillary won. That's just the nature of the beast. Now what would be a perfect situation in my opinion: all American business is brought back to America and stocks could then reset and become representative of the actual state of affairs of the economy. Trump could have accomplished that given enough time. I truly believe that. And speaking personally: I'd rather not have the Dow at record highs every other week but with more people employed than record highs favoring but a few.
One other scenario (and that I've seen play out so many times it's not funny): you can never be sure just how much the stock market knows before we do. To the point of it sometimes being uncanny. So what to make of the current levels and exuberance? Who knows.
I suppose in summary (of a really enjoyable day and some really nice civil interaction between us all especially given the subject matter and for which I'm grateful to all for i.e. was a nice break for me as I've not been actively posting for a while): he (Trump) may not be the nicest or most popular person on the planet. But I do believe that his goals and ambitions for America were patriotic and his heart was in the right place (and I believe still is although I reckon right now he's pretty pissed and vengeful but that MAY pass although nothing I would bet on with my own money).