Why did the Dow soar more than a thousand points?
The Daily Article
The Denison Forum
4.9 • 576 Ratings
🗓️ 27 December 2018
⏱️ 4 minutes
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Summary
Each day's news illustrates the unpredictability of our world. Today's podcast shows us the biblical path to facing the future with purpose in the present. For more news discerned differently, or to receive the Daily Article via email, please visit denisonforum.org.
Transcript
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| 0:00.0 | Why did the Dow soar more than a thousand points? |
| 0:03.0 | This is Jim Denison's daily article for Thursday, December 27th, 2018. |
| 0:07.0 | The Dow soared more than a thousand points yesterday, its biggest one-day point spike in history. |
| 0:12.0 | The NASDAQ and S&P 500 rose dramatically as well. |
| 0:16.0 | The markets were not merely in a holiday mood. |
| 0:19.0 | Investors responded to the largest holiday sales growth in six years, with total sales |
| 0:23.2 | exceeding $850 billion. |
| 0:26.3 | Investors also credit oil's best rally since 2016, President Trump's assurance that the Fed chairman's |
| 0:30.8 | job is safe, and a report that U.S. officials will travel to Beijing in two weeks to |
| 0:34.8 | hold trade talks. |
| 0:36.3 | One economist summarized. Stocks just got too cheap relative to earnings, future earnings, |
| 0:41.3 | any reasonable assessment of earnings. |
| 0:44.1 | Looking back, it all makes sense. |
| 0:45.8 | But looking forward, what will the markets do today? |
| 0:48.7 | I have no idea. |
| 0:50.4 | Neither does anyone else, it seems. |
| 0:53.3 | Surveying this morning's headlines, I'm impressed by the fact that so few could have been predicted. |
| 0:57.0 | For instance, President Trump made a surprise visit to U.S. troops in Iraq. |
| 1:01.0 | Two years ago, pollsters were nearly unanimous in predicting that Hillary Clinton would be our president today. |
| 1:06.0 | Supreme Court Justice Ruth Bader Ginsburg was released from the hospital yesterday after surgery for early stage lung cancer. When she was diagnosed with pancreatic cancer nine years ago, |
| 1:15.2 | her prospects for another decade of service on the court were unclear at best. I could go on. |
| 1:20.5 | The Lakers lost LeBron James to an injury but demolished the world champion warriors on Christmas |
... |
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