Posts Tagged ‘Wall Street’

Stocks are Soaring: Why Americans are so Optimistic (A KJ Analysis)

December 10, 2016

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Money won’t create success, the freedom to make it will. – Nelson Mandela

CNBC.com reports that

The election of Donald Trump has brought with it a surge in optimism in the United States over the economy and stocks not seen in years. The CNBC All-America Economic Survey for the fourth quarter found that the percentage of Americans who believe the economy will get better in the next year jumped an unprecedented 17 points to 42 percent, compared with before the election. It’s the highest level since President Barack Obama was first elected in 2008.

The surge was powered by Republicans and independents reversing their outlooks. Republicans swung from deeply pessimistic, with just 15 percent saying the economy would improve in the next year, to strongly optimistic, with 74 percent believing in an economic upswing. Optimism among independents doubled but it fell by more than half for Democrats. Just 16 percent think the economy will improve.

“We’re looking at America moving into a more positive era with regard to economic expectations,” said Micah Roberts, vice president at Public Opinion Strategies, which serves as the Republican pollster for the CNBC survey. “No doubt the election of Donald Trump has ushered that in. “The poll of 800 adults around the country was conducted Dec. 2 to 5, and has a margin of error of 3.5 percentage points. Hart Research Associates served as the Democratic pollsters.

A majority of Americans tell CNBC they are “comfortable and prepared to support” a Trump presidency. The 56 percent of respondents who now back the president-elect represent a sharp change from the 43 percent who were asked the question just before the election in November by NBC News and The Wall Street Journal. The percentage is driven by 91 percent of Republicans supporting Trump but also 54 percent of independents and even 23 percent of Democrats.The survey showed a rise in optimism when it comes to several key economic gauges. Americans now look for higher wage gains next year and bigger increases in their housing prices.

The post-election surge in major stock market indexes also has buoyed feelings about equities, with 40 percent saying now is a good time to invest, up 10 points from before the election. Again, Democrats became somewhat more negative on stocks while Republicans grew significantly more optimistic.

Those differences are also clear in the choice for what Americans believe is the best investment right now. While real estate remains the top choice for the third straight year, stocks gained the most ground at the expense of gold, real estate and Treasurys. Driving the change: the shine is off gold for Republicans and they, along with independents, have grown more favorable toward equities.

Nearly every demographic, except the poor and Democrats, now has a net positive view about investing in stocks.

But the survey shows the president-elect has his work cut out for him. Asked which one or two items Trump should focus on first, a 40 percent plurality answered, “Keeping U.S. jobs from going overseas.” All other priorities were far back and it was the top choice for all parties, but especially the GOP.

“Among Republicans, there’s keeping jobs from going overseas and then there’s everything else — it’s really all about jobs and keeping jobs in the U.S.,” said Democratic pollster Jay Campbell with Hart.

The second-most popular priority was increasing the minimum wage, which has strong support from Democrats and independents. The conundrum for the incoming president is that keeping jobs from moving overseas could, in some cases, mean lower wages for Americans. Coming in third among priorities was reducing the deficit, a strong choice among Republicans and independents, followed by funding infrastructure, boosted by Democrats and independents. Again, these two priorities are potentially in conflict since infrastructure spending would boost the deficit.

A potential warning to the president-elect comes from two priorities he has discussed at length, business tax cuts and deregulation. Both come in far down the list among priorities for the public, with modest independent support and little backing from Democrats.

Why are the majority of Americans so optimistic?

Perhaps it’s because, after Inauguration Day 2017, the Washington Status Quo no longer applies to the Leadership of our Sovereign Country.

There will be no racially-divisive rhetoric, no allusions to the Marxism Axioms revolving around Class Warfare, no self-deification, such as

This was the moment when the rise of the oceans began to slow and our planet began to heal.

By the way, how’s that “Hope and Change” workin’ out for ya?

But, I digress…

Instead, we will hear from a man who genuinely LOVES America and her people, instead of viewing us all as racist, misogynist, xenophobes.

And, therein lies the secret of Donald J. Trump’s success.

What Trump did, with his refusal early in his campaign to “act more presidential”, was to implement a strategy.

Trump has always been a “people person”.

That is the reason that, when he was still a contributor to Fox News, he would speak to everyone in the building, from the maintenance crew, on up the ladder.

As Sam Walton, the Founder of Walmart, knew, you don’t inspire people by acting imperious and above it all.

“Mr. Sam”, until his health would no longer allow him to do so, would travel to Walmart Stores in his old pickup truck, with a tie and a baseball cap on, visiting the employees, in order to find out how his stores were doing.

He knew that the only way to be successful and to stay in touch with the public, was to be out among them, and speak to them honestly and directly, as one would speak to a friend.

Just as President-elect Trump is doing by way of his “Thank You” Tour and his Daily Tweets to the American People..

The Political Establishment, of both parties, lost that concept, a long time ago.

Bypassing the borders to communication, historically determined by both political parties and the Main Stream Media, is a concept which I first witnessed being employed by a Presidential Candidate in the 1980 Presidential Election, named Ronald Wilson Reagan.

While I am not comparing the two, I am noting that this strategy has proved effective for both men.

As the polls have shown, Trump struck a resonant chord in the hearts of Average Americans, living here in the part of America, which the snobbish Political Elites refer to as “Flyover Country”, but which we refer to as “America’s Heartland”, or, quite simply, “HOME”.

Why is Donald J. Trump so popular with average Americans?

The reason is very simple: WE WERE ANGRY AND WE FELT THAT NO ONE IN WASHINGTON, D.C.WAS LISTENING TO US.

Our palpable anger was one which had been building since January of 2009, when a Lightweight, who has as much in common with average Americans as a Martian would, was inaugurated as President of the United States of America.

That anger, a result of his anti-American actions and resulting policies, which have affected Americans’ daily lives, was then exacerbated by the Republican Elite, who, in their desire to “reach across the aisle” and “go along to get along”, intentionally distanced themselves from those who elected them to Congress in the first place.

Meanwhile, average Americans, like you and me, remained mired up to our necks in an abysmal swamp of bills and taxes, living paycheck-to-paycheck, afraid to make a move, for fearing of drowning in an ocean of debt.

Seemingly forgotten, in all of the forgotten promises, made by Barack Hussein Obama, were the over-94 million Americans, who were no longer, largely through no fault of their own, participating in our Workforce.

You want to talk about anger and frustration?

Try looking for work, when you are over 55 years of age.

Anger has played an important part in the forging of this great country.

It was anger that formed our country….an anger over being held captive to “Taxation Without Representation”…an anger which, as a prime example of history repeating itself, led Americans to choose a Citizen Statesman for their next President over a Professional Politician.

It is this anger, which also propelled Donald J. Trump to his victory in the Republican Primary Race…and those who prefer the Washingtonian Status Quo knew it.

That is why the Republican Establishment, at least some of them, wound up hitching a ride on “The Trump Train”.

If they had not accepted the reality of his Primary Victory, and the fact that Americans are angry, they would have gone down to defeat again in 2016.

They would have never achieved victory by once again trying to push the Jello of “Liberal Moderation” up a hill.

Hence, the failed campaign of Jeb! Bush.

In summation, the American people were tired of Political Correctness and anti-American political expediencies being forced down our throats by both political parties and trumpeted by their lackeys in the Main Stream Media.

Donald Trump, for all of his brashness and braggadocio, was a breath of free air and, quite frankly an anomaly. He’s not a professional politician. He is a businessman who wanted to become a public servant.

And now, the American People have given him the opportunity of a lifetime.

And, so far, through what he has accomplished even before taking the Oath of Office, he has demonstrated that he is up to the challenge.

A quote attributed to Helen Keller states that

Optimism is the faith that leads to achievement. Nothing can be done without hope and confidence.

It that is the case, then Americans are going to truly enjoy the next four years.

Until He Comes,

KJ

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