Donald Trump: The stock market should be as much as 10,000 points higher

 marketwatch.com  04/15/2019 01:46:00  2

The value of the U.S. stock market has risen by $9.1 trillion, or 35.6%, since Election Day in 2016, according to Wilshire Associates.

For President Donald Trump, thats not nearly enough.

Lately, hes been blasting the Federal Reserve for raising rates, and hes steadily urged the central banks to revert to the policies that supported the market during the last crisis, including the resumption of the Feds bond-buying program.

I would say in terms of quantitative tightening, it should actually now be quantitative easing, he said last week. You would see a rocket ship.

On Sunday, he put numbers to that potential rocket ship rally:

Trumps tweet comes amid opposition from the Senate over his two picks, Herman Cain and Stephen Moore, for open seats on the Federal Reserves Board of Governors. Cain, according to a report from ABC News on Friday, plans to remove his name from consideration.

The Dow Jones Industrial DJIA, +1.03% riding strong bank earnings, closed up almost 270 points to 26,412.30 on Friday  another 10,000 points would put the index well above the 36,000 level. The Dows all-time high is 26,951.81.

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