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Overall I'm pretty flat. I'm made a killing in the stock market under Obama.
I'm a huge Trump supporter and fan - but I wholeheartedly agree with you and myself made far more money trading with Obama than Trump so far. Trump has been terrible for traders I am well acquainted with.
The market gains are being driven by the main FANG and cult stocks, Alphabet, Facebook, Amazon, etc.
Many of the other sectors are in triangular consolidation patterns that can't seem to break above the top trend line and MA's.
My stocks have been doing well overall and I'm pretty pleased. Some industries are doing REALLY well, like banking, while my usual growth funds in biotech and healthcare aren't doing so well. Those trends definitely reflect the president/political climate IMO. I was surprised that, during Obama's term, my international mutual funds were doing terribly... and now they've really shot up. Wish I had bought more during that time but I'm still working on overcoming that psychological barrier.
I highly doubt I'd vote for a 2nd Trump term, but I never say never. Certainly not just on the basis of the stock market though because that's just one area of my livelihood and wellbeing.
You're international funds did terribly under Obama because of his strong dollar policy and the dollar's correction out the 3 year YCL.
Those funds /investments are now recovering because the Euro has been on a tear as of late and Trump has openly criticized the strong dollar policy.
Note at the latest FOMC meeting no rate hike? Doubt there will be one at Jackson Hole later this month.
The dollar is due for a bounce anytime now......so watch your account
The market IS doing well under Trump.
Who can deny that?
Well, I mean beside you.
Don't see anyone here denying the market is doing well today (under Trump). That poster's point was not that it's not doing well... it's that the market performed better in the first 6 months of Obama's term. I didn't look at the charts so can't say if I agree or not... but just saying, let's be clear what the actual argument is.
I'm a huge Trump supporter and fan - but I wholeheartedly agree with you and myself made far more money trading with Obama than Trump so far. Trump has been terrible for traders I am well acquainted with.
The market gains are being driven by the main FANG and cult stocks, Alphabet, Facebook, Amazon, etc.
Many of the other sectors are in triangular consolidation patterns that can't seem to break above the top trend line and MA's.
Sometimes it is all a matter of luck and market sectors. I remember back during the dotcom bubble when Buffet didn't make much money........ there's a lesson there, for those who stuck around.
I hold stocks for many months or years and this year things are going well. But it could have gone the other way, just as easily.
I'm holding CBMX and BEAT.
They are up 150% and 50%. Did Trump or Obama have anything to do with that? No.
My stake of NEM, a crypto currency, went up something like 50 fold from the beginning of January to my average selling price.. it was trading at a market cap of $33 million at the beginning of January and I sold most of it at an average market cap of $1.7 Billion, netting a profit of some $350,000. Very bleeping lucky.
I still plan to reinvest in the crypto currency space when the dust settles and the market caps go lower. I have accounts with Gemini, Coinbase/GDAX, Bittrex, and Poloniex, all with capped out deposit/withdraw limits. Bittrex and Gemini in particular have nice, high daily transfer limits so I can move in and out with ease. Also Yobit.
Don't see anyone here denying the market is doing well today (under Trump). That poster's point was not that it's not doing well... it's that the market performed better in the first 6 months of Obama's term. I didn't look at the charts so can't say if I agree or not... but just saying, let's be clear what the actual argument is.
It's a grade school playground argument.
I should not have played.
My stake of NEM, a crypto currency, went up something like 50 fold from the beginning of January to my average selling price.. it was trading at a market cap of $33 million at the beginning of January and I sold most of it at an average market cap of $1.7 Billion, netting a profit of some $350,000. Very bleeping lucky.
I still plan to reinvest in the crypto currency space when the dust settles and the market caps go lower.
You gotta be using the wrong symbol.
NEM is Newmont Mining; hardly up at all.
Thank you Harry, Nancy and the Dims running the House and Senate at the time.
I thought this was about the President taking credit/blame?
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