Trumps ratings at historical lows while Dow Jones at all-time high - what does this mean? (illegal aliens, wisdom)
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... And Trump's market outperformed Obama's during the first 70 days, until Mar 11. At that point Obama's market had fallen by 12% and Trump's had gained 5%. Look it up.
So why is the first 6 months all of a sudden all that important?........... It isn't. It's just as arbitrary as my 70 days.
One market "made" money that had been lost. The other is actually creating wealth.
You wrote that we should compare Obama's first 6 months to Trump's 6 months. I did just that. Turns out the markets did better in the first 6 months under Obama than under Trump.
Earnings are up for many, but revenue is pretty much flat....Automation, outsourcing, less compensation to workers etc...yippee...I bet that will be great over the next two decades.
Are you actually disputing the notion that QE has helped boost the stock market? You know too much about this subject and have too good of a reputation to push a fairy tale for partisan purposes.
I believe QE has had a positive affect on the economy. So in that sense, yes QE has resulted in boosting the stock market by assisting companies recovering from a near depression.
As for stock prices, the question is on the whole are stocks overpriced. Until the "Trump Bump" I would say no. Stocks were on the high end, but not exceeding historical levels. With the "Trump Bump" they have definitely entered a danger zone. Either their earnings will increase to support the prices being paid or eventually there were be a pull back.
I believe QE has had a positive affect on the economy. So in that sense, yes QE has resulted in boosting the stock market by assisting companies recovering from a near depression.
As for stock prices, the question is on the whole are stocks overpriced. Until the "Trump Bump" I would say no. Stocks were on the high end, but not exceeding historical levels. With the "Trump Bump" they have definitely entered a danger zone. Either their earnings will increase to support the prices being paid or eventually there were be a pull back.
What partisan purpose am I pushing?
And QE buying up Billions worth of bonds every month over the course of years drove interest rates down and pushed many into more stocks.
My point is were or are stocks overpriced? Did all the new buyers of stock or increased monetary supply drive stock prices up to unreasonable levels? On the whole, until very recently, I would say no.
Put it another way, would stocks be a good buy if you reversed out the 93% of the gain the author is claiming is due to the Fed. I would say many stocks would be a steal if you priced them at their 2008 levels+7%.
I don't think she was talking about both Obama's full four year terms in office. Only over the last couple of years.
If you look at the 10 year chart on the dollar, it was both weak and in a long term down trend before and after the crash.
In late 2013 it started to correct into a 3 year uptrend. About that time Obama started to support the strong dollar trend/policy as a weapon to weaken the price of oil so it would hurt countries like Russia, Syria, and Venezuala - which were either in the way or they wanted full regime change.
Since the dollar and euro are negatively correlated - Most funds/etfs heavly laden with euro denominated/diversified stocks suffer in performance when the currency takes a dive the way the euro did.
Not to mention, the entire european banking establishment during the dollars correction was completely unstable and under enormous pressure.
So yes, early and in the mid term of Obama's presidency when the euro was very strong, those etfs/funds performed fairly well. When the currency dove, many dove with it.
Last edited by At-Chilles; 08-01-2017 at 10:46 PM..
Obama wasn't the only person to preside over massive Trickle Down Economics pushing stocks upwards the past decade or so...many international stock prices did fine.
Every Presidency since Regan has presided over some type trickle-down/supply-side economics policy, whether in stealth mode or not
And we're not talking about individual european stocks here and there - we're talking about a diversified basket of euro-denominated stocks making up a fund or etf.
I'm just curious if you do, how your stocks have been doing since Trump has been in office. I see all of these up/down numbers on TV on the business channel but I'd like to hear some individuals say how they are doing personally with their stocks and if they are doing well, whether they would vote for Trump in 2020 because of a personal reason, like that. (Not interested in you telling us your personal fortune numbers, just whether you are doing better, a lot better, about the same, not so good.)
I don't see it any differently than your personal wealth improving because your taxes went down, your insurance is cheaper, your utility bills went down or you are making more money employment-wise (getting a job, getting your hours increased, getting a bigger paycheck) and those are all reasons people use to vote for someone.
So, how are you doing with your stocks and would it make you consider Trump in 2020 if you are doing well?
I own stocks. They were doing well before Trump got in office, they're doing well now, and in all likelihood, they'll be doing well after he leaves office. In any case, the president has limited ability to affect such things.
I didn't vote for Trump (or Clinton) in 2016 and it's far too early to tell who I will vote for in 2020.
The Dems, RINOs and opposition media had better think twice about how committed they are to overthrowing Trump. They would be shooting themselves in the foot (aka bank account) if there were a coup d'etat.
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