he s saying this is the trend that is the friend and that it s going to be remembered as happening under republican watch. thanks for having me, neil. here s the thing. people forget that it s not just some fact that the market is bullish. the market is doing something very unique. in fact, for our viewers, the market has never ever power power trended up. there s a different between a rally and a bullish market and a power trend. let me give you an example what i mean. in eight trading days, the dow hit over 25,000 and then went over 26,000. that, my friend, is a power trend. it s a little bit neil: it could be called a meltdown. some people worry about that. it s your position the way you look at it. gary, what the president is saying is that unlike an a.p. story that seems to conclude that is all on barack obama, my immediate is impression was why can t we credit both? the bull market began anybody
way that president obama did, i would be in jail right now because creditors would be knocking on my door. no, you would be elected twice by the american people. can i take issue with something that juan said? you re not alone in this, eric (laughter) no, the reality is the dow hit over 20,000 when president trump came into the office. consumers accounts hit a 12 year high when president trump took office, the reality a lot of the businesses, a lot of corporations decide today keep jobs in america when president trump took office because the reality is, what did we see under president obama? we saw regulation after regulation, that strangled businesses of all sizes across this country. we even saw more small businesses, the backbone of this nation s economy go under created under president obama. so, yeah, i take issue with your point, juan, a lot of this confidence came after president trump was elected. oh, my gosh. you are a historic analysis, all the progress under
much. i just want to add a quote from a famous economist. stock prices have reached what looks like a permanently high plateau. permanently high plateau. that was irving fisher days before the stock market crash of 1929 which belongs in a big book of wrong-handed quotations from the 20s along with who the hell wants to hear actors talk. with these record-breaking dow numbers, should we be worried about a bursting bubble? after all, the dow hit over 14,000 in october 2007 before the crash. i want to bring in peter schiff, ceo of euro pacific capital, who correctly predicted the housing market crash would overwhelm the financial system. he is also the author of the real crash, america s coming bankruptcy, how to save yourself and your country. thanks for being here. so should we be happy that the dow s hitting 16,000 or should we be scared? not if you re concerned about the economy. you know, the rise in the stock market, it s not because of a good economy but because of bad monetar