All of the usual suspects here are always crowing about how the DOW hit 28,000 or 29,000 under Trump and that means we ARE IN THE MONEY!!.
Umm..no. In spite of what you might think, there is no direct translation from the DOW to your 401k nor is it an absolute indicator of a strong, steady economy.
Yes, it's a good thing, but it doesn't make Trump a Wall Street Jesus. Actually, it's pretty clear Trump doesn't understand the money markets or the stock market very well, if at all. Just ask the Fed Chairman, who basically indicated Trump knows nothing, in public, at a meeting that was covered by national media.
For Trump, it's all about 0% interest, or as close as you can get to that, and lower corporate taxes. If you keep lowering the interest rate, you risk high inflation, and the lowered taxes have not translated into increased investment, but mostly stock buybacks. No huge rise in wages, but a lot of lower-paying jobs that aren't middle class.
HOORAY!! BEST PRESIDENT EVER!!
The Average Joe seems to think that your 401k rises in direct proportion to the DOW, which it does not. Depending on your investment mix, it could have actually gone up only slightly or even down. Or at least most of you seem to think that.
Trump knows that the only thing keeping him afloat right now is a strong economy, which isn't quite as robust as many of you think.
When the bubble bursts, and it will, watch all of you turn on him, along with the rest of the GOP.
Why? Because it's all about the money.