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Great topic by Laura C (sticky?). My positions went up a geat deal under Obama but that's more likely due to the rebound after the great recession. The "Trump Bump" has also treated my positions well. I think banking will do better under Trump so those are good areas for investment right now, along with defence contractors. My personal goal is to see green on all my holdings at the end of each day regardless of what the market does overall. Of course, this goal does not apply to my SPY ETF, which is a good one to hold.
No one can predict the future, 6 months into a new administration, assume this 8 year run up continues at your own risk. Most of the gains were fueled by Apple and Amazon, it cannot continue.
Yes. The stock market is an important barometer for how well the U.S. economy and the country in general are doing.
The DOW Jones Industrial Average is up almost 11% since January 20, 2017. In spite of all the noise you hear in the media, investors have shown a considerable amount of confidence in Trump's economic policies. As long as this performance keeps up, it's going to be a decisive factor in the 2020 election.
So yeah, keep your eyes on the stock market. It doesn't lie.
No the economy isn't doing well so it's not a good barometer. We're still closer to the all time high levels for people on food stamps than to the the pre crash year of 2006 levels even though UE is similar.
No the economy isn't doing well so it's not a good barometer. We're still closer to the all time high levels for people on food stamps than to the the pre crash year of 2006 levels even though UE is similar.
That's because jobs today pay far lower than jobs of last century, relatively speaking. Most of the wealth is on the top now. So, despite being employed, people don't make enough not to be eligible for things like food stamps.
The stock market dropped 777 points on September 29, 2008, it was free fall before and after that date. It had nothing to do with the election, Reagan or Roosevelt could have been elected and it would not matter. I see your partisanship obscures the facts, but look at it this way, we had the largest 8 year run up in history under Obama.
Sorry but you are completely inaccurate, the market crashed 10% on the 2 days after the election of Obama because the nation elected Dims to run Presidency, House & Congress....it was already falling because of the policies the Dims running the House & Senate had put in place in Bush last couple of years and then accelerating the fall was the impending election of Obama which sealed the deal.
Sorry but you are completely inaccurate, the market crashed 10% on the 2 days after the election of Obama because the nation elected Dims to run Presidency, House & Congress....it was already falling because of the policies the Dims running the House & Senate had put in place in Bush last couple of years and then accelerating the fall was the impending election of Obama which sealed the deal.
^^
Something I learned long ago, is if someone has to resort to name calling while trying to make an argument, they've already lost.
It's really not cleaver, whatever side of the spectrum you fall in. You're no better than the worst of the swamp.
Trump said so himself before he won - then of course when he won it shot up more and he hypocritically took credit for it.
Under Obama we had QE a variation of Trickle Down Economics. All of Obama's Fed picks big or small were to QE Trickle Down Economic pushers.
Trickle Down economics under Obama have pushed the stock market upward...
Quote:
Empirical evidence suggests there is a positive correlation between QE and a rising stock market; some of the largest stock market gains in U.S. history occurred after the launch of LSAP. There are several possible explanations.
The Fed buying up bonds, driving down interest rates, pushes many investors out of bonds and into stocks as they don't want to buy bonds with rates at or below inflation, nor do they want to buy shaky junk bonds...so into stocks they go.
This stock market will eventually correct, and probably hard, it would do it even if Hillary won...but since Trump took credit for the surge and he may have to take credit for the correction.
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