30,000
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Wall Street Journal
The authors credit the presidents
U.S. stocks surged Tuesday, with the Dow Jones Industrial Average crossing 30000 for the first time, after President Trump said his aides would cooperate with President-elect Joe Biden’s transition to the White House.
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Wall Street Journal
The authors credit the presidents
U.S. stocks surged Tuesday, with the Dow Jones Industrial Average crossing 30000 for the first time, after President Trump said his aides would cooperate with President-elect Joe Biden’s transition to the White House.
No - they said one thing happened after another.
Determining causation in the market is a tall order.
But sure, there’s plenty of short term fluctuations that the Pres can cause and some long term.
I’m not saying the President has no effect. (Gosh I don’t want to start this again)
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I have a vague recollection of reading somewhere that the stock market doesn't like chaos.
Exactly!!!! That is something that i have been saying for a long time. @Horace and I discussed this a lot on the other forum board.
Knowing (or at least having a somewhat good idea that things will be the same a year (2 years, 3 years, etc.) from now is most important for companies. They can adapt.
I use the story of having had a discussion with the head of a global Fortune 100 company (PTT), and the effect oil prices can have on their business. He told me that it was not so much the USD amount of oil, but more important was if the price would be steady and they could plan for that. Price either high or low was not as important. (Obviously had an effect but not most important factor)
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