Seems like the smart money isn't concerned...

...."Markets are shrugging off the impeachment of President Donald Trump because he is not expected to be removed from office, and there should be no negative impacts on fiscal or monetary policy as a result.

“Investors have virtually ignored what’s going on in Congress. They care about the economy. They care about profits. They care about trade, and if they thought the president was in serious jeopardy of losing his job, they’d care,” said Jack Ablin, chief investment officer at Cresset Wealth Advisors. “It’s just a disruption removing a president.

https://www.cnbc.com/2019/12/19/heres-why-the-stock-market-is-ignoring-trumps-impeachment-by-the-house.html

It's amazing, isnt it! 

 

Till it all comes crashing down like a ponzi scheme...............  lol

 

1 hour ago, USRifle30Cal said:

Till it all comes crashing down like a ponzi scheme...............  lol

Makes zero sense what the market is doing, but what the hell, might as well "make hay when the sun is shining..."

6 hours ago, USRifle30Cal said:

Till it all comes crashing down like a ponzi scheme...............  lol

 

Then it goes up again.... always.

22 minutes ago, Kevin125 said:

Then it goes up again.... always.

DOW up 10K since Trump won in 2016, based on "Hopes and Dreams'...

Another Day, another Record... this just has to stop... What a difference a year makes from last December.

Probably another record day on firearms sales and their accessories and ammunition.  Maybe the Marxist Demorats are buying Depends diapers at record levels.  

Well, it just closed at a new record, over 29,000, because of the China deal.. Apparently the sky is the limit!

Another day, another dollar..

That sounds like a whole lotta MAGA!

4 hours ago, Handyman said:

That sounds like a whole lotta MAGA!

and it continues today....

Isn't anyone else making money?

now take the profits and buy yourself a Humvee

On 12/19/2019 at 5:22 PM, Sniper said:

Makes zero sense what the market is doing, but what the hell, might as well "make hay when the sun is shining..."

It doesn't make zero sense. 

The market isn't about actual value. We have all this ledger cash, and the banks just print more and more of it, and you CAN'T just turn it into cash. There isn't enough. You CAN'T just go buy a physical asset and let it sit. There's not enough of anything to actually house the value without the price of that thing shooting through the roof. At which point nobody will buy it off you. If they want to preserve it it has to go find a bunch of hidey holes or buy a lot of government paper and be locked up for long term. 

As long as they don't think there is someone in charge of policy that will work at making their money shrink, the owners of said vast ledger sums will have it out there trying to make as much more money as possible rather than shielding it from loss. In case you ahven't noticed, without global pressures causing deflationary force, the economy generally rocks as soon as they think favorable policy moves into DC. It starts sucking as soon as they think unfavorable policy has moved in. 

Nobody thinks Trump is going to put forth policy that is bad for making money. So the worse thing that happens is occasionly people get twitchy that they will be less rich than possible by holding too long and decide being the first guy to blink is better than being the guy holding too long and we see a dip while profits are taken. Then a bit later that money has to go make more money.  

6 minutes ago, Low Profile said:

now take the profits and buy yourself a Humvee

Ha..... don't tempt me...

I'm actually pulling off some profits and parking them, so you never know...

Just a number that happens to be divisible by multiples of 10.   So is 30,000.....

It’s just evidence of high confidence in our economy. This is what Trump ran on.  It seems like he and his team actually know what they’re doing.

 

It's not only a matter of knowing what they are doing, it is a matter of making remarkable progress in the face of unrelenting backstabbing and mudslinging from treasonous progressive slugs.

MAGA!