WEB Notes: The stock market has surged to new records highs. Why? Did the companies that make up the index suddenly become more valuable? Nope. Did they suddenly figure out a way to slash their budgets or make cheaper products? Nope. This is all based on emotion, or straight out and out manipulation of the market itself. Nothing has changed and I want to remind everyone on election night when the votes started to swing to trump the market dropped over 900 points. It would not only recover a few days later, but jump another 1000 points. This documents in of itself the power that is exerted over the stock markets. It is appearing more and more that trump’s administration will be blamed for the collapse that we have been anticipating for sometime now. We will have more to say on this subject in the near future.
The election of Donald Trump has brought with it a surge in optimism in the United States over the economy and stocks not seen in years.
The CNBC All-America Economic Survey for the fourth quarter found that the percentage of Americans who believe the economy will get better in the next year jumped an unprecedented 17 points to 42 percent, compared with before the election. It’s the highest level since President Barack Obama was first elected in 2008.
Source: Optimism on economy, stocks surges since Trump election: CNBC survey