If Hillary Had Won, the Dow Would Still Be Trading Above 23,000

EST

A year after Trump defeated Hillary, the stock market has racked up its biggest post-election gain since 1945, when FDR was re-elected to a short-lived fourth term. Of course, Trump had no more to do with the current rally than Roosevelt or his successor, Harry S Truman, did with the post-War surge in shares. The stock market and the U.S. economy will always move in broad cycles far bigger than mere presidencies and the vainglorious strivers who typically hold the office. As such, it is arguably just a matter of luck that some Presidents get to preside over relatively good economic times (i.e., Bill Clinton and Ronald Reagan) while others, less fortunate, have occupied the White House during relatively hard times or downturns (i.e., George W. Bush and Richard Nixon).

Tax ‘Reform’? Yeah, Sure…

It is laughable that pundits, economists and the usual news-media hacks are attributing the stock market’s crazed ascent in part to the dim prospect of what passes for tax ‘reform’ on Capitol Hill.  We’ve already glimpsed enough of the current process to know that, in the end, it will amount to just another stinking heap of handouts to various interest groups, none of whose priorities could even remotely be tied to a fairer, simpler or economically more efficient tax code.  Trump will grab as much credit as he can for the stock market’s ebullience, but only an imbecile could believe he caused it.  Indeed, there should be little doubt that if Hillary had won the Dow would still be trading above 23,000 — albeit for an entirely different set of ginned-up reasons, many of them as ridiculous as the current, purported tax ‘reform’. Moreover, any dubious economic benefits we might stand to gain over the long haul from tax ‘reform’ have probably already been discounted tenfold by the rabid bull market’s dollar gains to date.

Comments on this entry are closed.

none November 9, 2017, 12:11 pm

Excellent words of wisdom, they will go unnoticed towards the ‘many’.

Have a great weekend coming Rick.

John Jay November 8, 2017, 11:59 pm

At least one report I’ve read on the internet has raised the percentage of Americans living from paycheck to paycheck by two points to an even 80%!

Meanwhile back at the KSA ranch, the guy running the show over there has followed the grand example of Marius and Sulla by drawing up a proscription list of the very richest of his citizens, in order to raise some money!

And debt everywhere around the world is at an all time high!

I am growing more confident by the day that I may just live to see my prediction about the resolution of the debt problem come true!

When an even dozen robber barons lay claim to all the world’s wealth, including the outstanding debt, Old Joe Stalin’s “No man, no problem” solution shall come to pass!

The KSA turmoil is just a straw in the wind!



Hidden Pivot Graduate
Help Page


Click here
for a help page needed as a Hidden Pivot Graduate.

Keep Your
Skills Current


Click here
for a special deal for graduates of the Hidden Pivot Course who want to stay on the cutting edge

Login



Start Subscription
Lost my password

Seminar Information page.

Tuesday, November 28, 2017

The consistent accuracy of Rick Ackerman’s forecasts is well known in the trading world, where his Hidden Pivot Method has achieved cult status. Rick’s proprietary trading/forecasting system is easy to learn, probably because he majored in English, not rocket science. Just one simple but powerful trick -- managing the risk of an ongoing trade with stop-losses based on ‘impulse legs’ – can be grasped in three minutes and put to profitable use immediately. Quite a few of his students will tell you that using ‘impulsive stops’ has paid for the course many times over.

Another secret Rick will share with you, “camouflage trading,” takes more time to master, but once you get the hang of it trading will never be the same. The technique entails identifying ultra-low-risk trade set-ups on, say, the one-minute bar chart, and then initiating trades in places where competition tends to be thin.

Most important of all, Rick will teach you how to develop market instincts (aka “horse sense”) by observing the markets each day from the fixed vantage point that only a rigorously disciplined trading system can provide.

The three-hour Hidden Pivot Course is offered live each month. If it’s more convenient, you can take it in recorded form at your leisure, as many times as you like. The course fee includes “live” trading sessions (as opposed to hypothetical ‘chalk-talk’) every Wednesday morning, access to hundreds of recorded hours of tutorial sessions, and access to an online library that will help you achieve black-belt mastery of Hidden Pivot trading techniques.

The next webinar will be held on Tuesday, November 28. Click below to register or get more information.

Knowledge Base Link
Show Buttons
Hide Buttons