The Dow is merely a measure of how rich the rich are

[superpatriotman]

Nothing more ; the market hovering around 25000 has little relation to the political sentiment of America - most hate .45.

However, out opposition would herald and prepare for the rise of a new Hitler if it meant more cash for them.

Voodoo economics are a lie.

[democratisphere]

1. Ain't going to happen. We won't let it.

[lagomorph777]

2. "The Economy" usually means "The Stock Market" or simply "The Billionaires' Economy"

In media terms, the real economy, i.e. what's in the wallets of 99% of Americans, is completely irrelevant.

[raging moderate]

3. True. But happy rich people are easier to live with, right?

When they are unhappy, they take it out on the rest of us.

[Girard442]

4. I've been inclined to think that since 2008, the stock market has been managed.

It's come unmoored from any connection to economic well-being, even for rich people.

[2naSalit]

5. I agree.

I think that was a monetary power grab.

[TNLib]

6. One thing I don't get is all these Working Class Trumptards screaming about how great the economy is

Have they checked their bank accounts lately? Prices are going up and salaries are flat. Unless they have investments it isn't likely that they have seen their wealth grow.

[Johnny2X2X]

7. It's a measure of how valuable the largest 30 companies are

Reducing their taxes and removing regulations definitely has made them more valuable. It's a simple balance sheet, less tax liability makes them more valuable.

Those getting ready to retire are doing so at an opportune time. For the rest of us, who won't retire for decades, the stock market going up means that our 401ks are looking better, but that really means nothing as there is no reason to touch that money for now.

In other words, if you work for a living, the stock market means little no matter how much you've invested in it because you won't be taking those earnings for a long time. If you're part of the investor class, those who make money on dividends and financial transactions, you're seeing massive gains.

The Trump policies are all short sighted, he's mortgaged our economic future for short term gains. We'll be paying for it soon enough.