The stock market is as dishonest as the fake media. Do not even think of making the attempt to use it as a means of measuring the state of the economy. Fact is the US economy has been long since hollowed out. There is debt piled upon debt piled upon debt. The US govt is insolvent and the present state of affairs is unsustainable. What is coming is a very serious recession, depression even. This time even millions of Bernanke helicopters dumping fiat currency into the canyons of Wall St in the vain attempt to stem the hemorrhaging would not be enough!
President Trump has played a very dangerous game by publicly taking credit for the lift in the stock market during the first 100 days of his tenure. He ought to have been far more circumspect with this. One recalls the wisdom of the late President Reagan in this regard. When the looming recession/depression hits, President Trump is going to be blamed for it in its entirety by Democrats and various Washington swamp denizens. It will be difficult to explain to anyone that he is just as much a passenger as pretty much everyone else is going to be. His financial interests will be injured severely, as will what remains of the middle class. Productive people are going to suffer majorly. This is baked into the economy presently. It is unavoidable.
Take home lesson is that watching the Dow and trying to use that to divine the state of the nation, let alone the economy, is a futile pursuit. It is a distraction. The nation is already in severest decline and in real terms already in recession. It is deepening swiftly.
The President seems to have been aware of this issue during his campaigning. He stated on several occasions that the Fed was a problem, that the economy was in a tailspin and that the elites were using the system to rip-off the common people. He indicated he would be attending to the Fed among other things economic. So far he has not approached that subject again. Perhaps he has been otherwise engaged, what with dealing with all the fake allegations of being a spy and urinating on ex-President Obama's bed of prostitutes and the like.
So, forget the Dow. If you live in the USA understand that practically everything around you is in a bubble right at the moment- student loans, university tuition, asset prices, auto-loans, house-hold debt, personal debt, medical insurance, medical care costs etc etc etc etc etc.
Always remember, all debts are realised, one way or another. Another way of saying it is, all debts are paid without exception, one way or another, one day or another, by someone. It is inevitable. Beware, as the Dow is not useful for preserving your personal solvency, let alone your circumstances....
Also recall, if you HAVE to borrow, then you can't afford it. It is reckoned by many of the wisest that banks will lend you an umbrella........ until it rains. Then they'll want it returned.
Finally, face it gentlemen, ex-President Obama was a disaster for your country and for your fellow countrymen. He was but one of many of the government "smart yet idiot" set, but nothing particularly special- just another specimen of what ails.