On Wednesday, the Dow Jones Industrial Average broke 20,000 for the first time in history, exciting cheering traders on the floor of the New York Stock Exchange. This must come as a shock to those leftists who thought President Donald Trump&#8217;s election would crater the stock market. New York Times faux-economist Paul Krugman wrote, &#8220;[T]his is my specialty&#8230;If the question is when markets will recover, a first-pass answer is never.&#8221; Kurt Eichenwald of Vanity Fair tweeted in September, &#8220;In preparation for a completely unpredictable Trump presidency, I sold all stocks my kids&#8217; education accounts today. I urge u to do same.&#8221; <a href="http://www.pbs.org/newshour/making-sense/column-stock-market-doesnt-like-idea-trump-presidency/">Professor Eric Zitzewitz of Dartmouth College</a> said that the global markets would tank by 10 percent. The former chief economist for the Intrnational Monetary Fund said &#8220;we should expect a big markdown in expected future earnings for a wide range of stocks &#8211; and a likely crash in the broader market.&#8221; Bridgewater Associates <a href="http://fortune.com/2016/11/08/donald-trump-stocks-crash/">told all of its clients</a> that if Trump was elected, the stock market could plummet 2,000 points in one day. Citigroup <a href="http://money.cnn.com/2016/11/04/investing/donald-trump-stock-drop-citi/">forecast</a> that if Trump won, the S&amp;P 50 would drop between 3 percent and 5 percent. Instead, by the end of the day following the election, the DJIA had risen 1.4 percent and the S&amp;P 500 by 1.1 percent.
So much for all of that.

Stock Market Bursts Through 20,000, Democrats Who Panicked Over Trump Puzzled

CONTINUE READING

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Haters Gonna Hate. What The Anti-America Crowd Is Lying About

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One GOP Star Just Learned A Very Painful Lesson

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Stock Market Bursts Through 20,000, Democrats Who Panicked Over Trump Puzzled