Billionaire investor Warren Buffett was a sharp critic of Donald Trump during the presidential campaign, but said in an interview broadcast by CNN Friday that he expects the stock market to continue rising.

“The stock market will be higher 10, 20 and 30 years from now and it would have been with Hillary [Clinton] and it will be with Trump,” Buffett said. Suggestions by market pundits that stocks would plunge after a Trump victory were “silly,” he said.

Read the Full Article: Source – Market Watch
Time For Truth: (Market Watch) – Trump critic Warren Buffett says stocks will continue to rise

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The Dow Jones Industrial Average’s first record close in three months comes amid a market drawing increasingly bright lines between what it views as winners and losers in a Donald Trump presidency.

Consider that the 30-stock gauge’s 218-point ascent Thursday happened the same day the Nasdaq 100 Index dropped the most since September, their biggest divergence since the internet bubble burst. Weakness in technology stocks and a handful of defensive industries that soared in the first half held the S&P 500 Index’s gain to roughly a fifth of the Dow’s.

Read the Full Article: Source – Bloomberg
Time For Truth: (Bloomberg) – Dow Record Comes in Market Radically Polarized by Trump Victory

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It is getting dicey out there for Wall Street investors, although stocks eked out a modest rise on Friday.

U.S. equities have been bouncing around lately. And the trend has been predominantly lower. Although it hasn’t been the sort of dizzying tumble for equities that would elicit an instant spike in fear, it has been, however, the kind of plodding descent that has the Dow Jones Industrial Average DJIA, +0.22% down nearly 300 points since the end of July.

Read the Full Article: Source – Market Watch
Time For Truth: (Market Watch) – The stock market is turning into a sloppy, ugly mess—and it could get worse

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Almost $3.2 trillion has been wiped off the value of stocks around the world since the start of 2016, according to calculations by a top market analyst.

It has also been the worst-ever start to a year for U.S. equities, said Howard Silverblatt, senior index analyst at S&P Dow Jones Indices, as both the S&P 500 and the blue-chip Dow Jones industrial average have posted their steepest losses for the first eight days trading of a year.

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