A "buying panic" swept through the stock markets today as stocks reached all-time highs, the Dow Jones Industrial Average was up 1.55% or 297 points to 19,549; the S&P 500 up 1.32% or 29 points to 2241 and the Nasdaq was up 1.14% to 5393.
Panic buying is the the action of buying large quantities of stock due to sudden fears of a forthcoming price increase. Investors don’t want to be left behind so they are moving billions and billions of dollars into stocks. Several commentators on CNBC described Wednesday's stock surge as a "buying panic."
Panic buying is the the action of buying large quantities of stock due to sudden fears of a forthcoming price increase. Investors don’t want to be left behind so they are moving billions and billions of dollars into stocks. Several commentators on CNBC described Wednesday's stock surge as a "buying panic."
The S&P 500 is up 7% since the presidential election on Nov. 8. I had predicted the election of Donald Trump would cause the stock markets to contract, but I was wrong. I’m glad I did not sell out when he was elected. Indeed I had just moved all idle cash into the stock market just before the election. I was all in and remain all in.
The businessman Donald Trump -- a true outsider who never before worked in Congress -- has cultivated a belief that he can improve the U.S. economy.
The businessman Donald Trump -- a true outsider who never before worked in Congress -- has cultivated a belief that he can improve the U.S. economy.
The inauguration of Donald Trump as the 45th President of the United States will take place on Jan. 20, 2017.
Who knows exactly what will happen with the stock market in 2017. By some measures, the general stock markets are over valued now, but that doesn’t necessarily mean the stock market can’t go higher from here.
Eventually panic buying may turn into panic selling. But I’m not selling out. I invest for the long term.
We’ll see how Donald Trump leads the country. I hope it’s not just the rich getting better, I hope all Americans see growth in household income.
I think some parts of the stock market are way overheated. Some regional bank stocks have gone up tremendously.
Equity Bancshares (EQBK) is up 35% since the Nov. 8 election. Equity Bancshares, Inc. is a bank holding company with headquarters in Wichita, Kan. Its Equity Bank provides financial services primarily to businesses, business owners and individuals through a network of 34 full-service branches in Arkansas, Kansas and Missouri, including the Wichita, Kansas City, and Topeka metropolitan areas.
Stock in Capitol Federal Financial (CFFN) is up 14% since the presidential election. Capitol Federal is a Topeka-based bank with a focus on lending to single-family home owners.
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