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

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



The value of 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, that's not nearly enough.

Lately, he's blasting the Federal Reserve for raising rates, and he's steadily urging the central banks to return to the policies that support the market during the recent crisis, including the resumption of the Fed's bond-buying program.

"I would say in terms of quantitative tightening, it should be now," said last week.

On Sunday, he said, "Rocket ship" rally:

'If the Fed has done its job properly, which it has not, the Stock Market would have been up 5,000 to 10,000 additional points, and GDP would have been over 4% instead of 3% … with almost no inflation. Quantitative tightening what a killer, should have done the exact opposite! '
                  

Trump's tweet Herman Cain and Stephen Moore come out in the Senate over his two picks, for open seats on the Federal Reserve's Board of Governors. Cain, according to ABC News on Friday, plans to remove his name from consideration.

The Dow Jones Industrial

                            
                            
                                  
      
      
      
      
      
      
      
                                  
                                     DJIA, + 1.03%

riding strong bench earnings, closed almost 270 points to 26,412.30 on Friday – another 10,000 points would put the index above the 36,000 level. The Dow's all-time high is 26,951.81.

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