Wall Street has greeted the Trump election with unprecedented enthusiasm.  I think that investors are recognizing that the shackles put on entrepreneurship and investment by the tax and regulatory regime of the Obama administration really did inhibit growth, and in fact explain why the current “recovery” is by far the most anemic ever recorded following a recession. But the boom is now officially “historic.”  Steve Russolillo writes in the Wall Street Journal: The Dow’s 8% gain in the five weeks after Donald Trump’s victory is the biggest surge following any U.S. presidential election in history. The rally, which has the blue-chip average on pace for its fastest 1,000-point rise ever, has been accompanied by a sharp jump in bullish sentiment. Of course, what the market giveth, the market also taketh away, depending on events.  So don’t count your retirement account gains quite yet.  But nonetheless a...(Read Full Post)