A video board displays the closing numbers after the closing bell of the Dow Industrial Average at the New York Stock Exchange on December 6, 2017 in New York.

Donald Trump’s election was met with projections of gloom and doom from many market analysts. The conventional wisdom was that Trump’s anti-immigration and protectionist policies could trigger a global recession. But the stock market has defied predictions, soaring almost 25 percent since the presidential election. In this hour’s we’ll talk about what is behind this rapid rise…and whether we are due for a major correction.


  • Kenneth Jeffrey Marshall, teaches value investing at Stanford and asset management at UC Berkeley, author of “Good Stocks Cheap: Value Investing with Confidence for a Lifetime of Stock Market Outperformance”
  • Kate Warne, Investment Strategist, Edward Jones Investments
What’s Up With The Stock Market? 14 December,2017Michael Krasny


    The stock market ( casino) since Reagan time has been the main tool used by the goons of the Wall Street to rob the American people out of their assets, savings, pensions, homes, jobs, unions, education, healthcare,as they continue their bubble after bubble economy, with perpetual devastating losses to all ordinary Americans, while shifting near all of the wealth to the very few hands on the top of their billionaires, and multinational corporations, as it shows with the demise of the once was the great American middle class before Reagan to the current extreme hardship, rampant poverty and homelessness across the country.

    • Noelle

      It might be hard for younger people to understand how things have gone downhill since 1980. When you’re in the thick of things you don’t see the long term trends.

  • Curious

    Reflects confidence in leadership.

  • marte48

    How much are we still benefiting from a market much repaired since the meltdown of 2007-9?

  • Noelle

    I’m not sure why market analysts were not optimistic. This is the most pro-corporate administration in a long time, and now they want to make the giveaway permanent through the tax plan.

  • Robert Thomas

    Equity markets go up in value when people who invest money there imagine that the value of their equities will go up. These markets go down when investors fear evaluations will go down.

    Investors prognosticate in this way for reasons that range from sober assessment at one extreme to imbecilic lunacy on the other.

    What’s the point of asking this question?

    • William – SF

      Professional market investors more so with your first point, much less all others, I feel. Workers, in general, invest in the market through their retirement accounts because they believe they should. From my experience, very very very few could articulate why one of their particular investments would show growth from company specific actions.

      Today’s workers are but rats on a wheel that others make money from.

      • Robert Thomas

        “… [V]ery few could articulate why one of their particular investments would show growth from company specific actions.”

        I sure can’t and don’t even try. On the whole, for over thirty years, I’ve prospered from this lack of attention.

        • William – SF

          And as long as the wheel moves forward (money continues to be pumped into retirement accounts) you’ll likely see growth. Worry greatly when 20-30 year olds decide they don’t want to or can’t contribute to retirement, and when outflows from seniors exceed inflows from younger generations.

          More likely your parents, had they invested early in life, benefited even more so than you. It’s more about the direction and speed of the wheel. Your involuntary timing is opportune.

  • John

    Amazing how KQED has taken every opportunity to attack Trump even goading and leading the guests on and on to criticize Trump . Krazny just cna’t stand that the stock market and economy did not collapse under Trump


Michael Krasny

Michael Krasny, PhD, has been in broadcast journalism since 1983. He was with ABC in both radio and television and migrated to public broadcasting in 1993. He has been Professor of English at San Francisco State University and also taught at Stanford, the University of San Francisco and the University of California, as well as in the Fulbright International Institutes. A veteran interviewer for the nationally broadcast City Arts and Lectures, he is the author of a number of books, including “Off Mike: A Memoir of Talk Radio and Literary Life” (Stanford University Press) “Spiritual Envy” (New World); “Sound Ideas” (with M.E. Sokolik/ McGraw-Hill); “Let There Be Laughter” (Harper-Collins) as well as the twenty-four lecture series in DVD, audio and book, “Short Story Masterpieces” (The Teaching Company). He has interviewed many of the world’s leading political, cultural, literary, science and technology figures, as well as major figures from the world of entertainment. He is the recipient of many awards and honors including the S.Y. Agnon Medal for Intellectual Achievement; The Eugene Block Award for Human Rights Journalism; the James Madison Freedom of Information Award; the Excellence in Journalism Award from the National Lesbian and Gay Journalists Association; Career Achievement Award from the Society of Professional Journalists and an award from the Radio and Television News Directors Association. He holds a B.A. (cum laude) and M.A. from Ohio University and a PhD from the University of Wisconsin.

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