Dow 50K

The Dow Industrials are above 50K  i remember when Abby Cohen Goldman was hyping that it was going to break 20K just before the dot-com bust in 2000. I am not seeing the same sort of absurd overconfidence.  I am seeing a lot of doom and gloom sorts claiming the market is bubbillicous. Some have saying thus for many months. 

I wonder how much of this seeing the Democrats getting ready to fail to retake the House, and how much is an endorsement of Trump’s policies  

Orange Man Bad

As of right now: Dow Jones 30 Industrials up 14% for the last year; NASDAQ Composite 29 3%; S&P 500 INDEX up 20.8%.  Someone is not paying attention to the gloom and doom crowd.

To quote economist Paul Krugman from 2016:

"Still, I guess people want an answer: If the question is when markets will recover, a first-pass answer is never. Under any circumstances, putting an irresponsible, ignorant man who takes his advice from all the wrong people in charge of the nation with the world’s most important economy would be very bad news. "