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I don't think it would matter who was president. Trump or Clinton, the bull market was long in the tooth for a long while and it was bound to go down again. It always goes through these cycles.
The problem President Trump has is that he 1) claimed credit for the bull market (which was long in the tooth and getting ready to slow down). Then, when it started slowing and showing some ups and downs, 2) he added volatility with Tweets and talk of trade wars (and because he claimed credit before, people are blaming him more than they normally would).
The end of the bull market would have happened anyway--with or without Trump. But his actions, tweets, etc has drawn attention to him in a way that won't benefit him or the Republican Party in elections. He's basically given ammunition to his opponents with these two actions.
The best thing he could do end this tariff thing quickly and talk more about job growth (which is still good) and try to work with an encourage American businesses (not threaten like he did to GM... which did no one any favors). Tesla has expressed interest in the GM plants and employees, Trump should try to encourage that deal and save jobs. I hope he does.
I think no matter what, the bear is coming. No bull market lasts forever.
You sound like you would be a better (smarter) President than the orange guy!
I don't think it would matter who was president. Trump or Clinton, the bull market was long in the tooth for a long while and it was bound to go down again. It always goes through these cycles.
The problem President Trump has is that he 1) claimed credit for the bull market (which was long in the tooth and getting ready to slow down). Then, when it started slowing and showing some ups and downs, 2) he added volatility with Tweets and talk of trade wars (and because he claimed credit before, people are blaming him more than they normally would).
The end of the bull market would have happened anyway--with or without Trump. But his actions, tweets, etc has drawn attention to him in a way that won't benefit him or the Republican Party in elections. He's basically given ammunition to his opponents with these two actions.
The best thing he could do end this tariff thing quickly and talk more about job growth (which is still good) and try to work with an encourage American businesses (not threaten like he did to GM... which did no one any favors). Tesla has expressed interest in the GM plants and employees, Trump should try to encourage that deal and save jobs. I hope he does.
I think no matter what, the bear is coming. No bull market lasts forever.
Pretty much spot on, but it is the tariffs that ended the bull market prematurely.
Pretty much spot on, but it is the tariffs that ended the bull market prematurely.
This. A recession likely would have happened probably during the first half of the next decade at some point. Because of Trump, it's now arriving a few years ahead of schedule and will be much more severe than it otherwise would have been.
I don't think it would matter who was president. Trump or Clinton, the bull market was long in the tooth for a long while and it was bound to go down again. It always goes through these cycles.
That is actually a fair argument to be had.
The point that many of us are making is, Trump was gloating and bragging day after day after day, tweeting about how great he was and how Trump himself was the reason the stock market was doing so well (though most informed people are well aware that a sitting POTUS usually doesn't have that much of an impact on the stock market).
But now that Wall Street has been in free fall for the last three business days, Trump is either blaming other people, or completely silent about it.
Not that I would expect any different from such a vindictive and self-centered human like Donald Trump, but when this are all rainbows and babies, he showers himself with praise, tooting his own horn. But when things go south, he's quick to point fingers and shift blame to someone else.
Trump and his minions here on City-Data can't have it both ways. Either take credit for both the gains and losses for the stock market, or don't get involved/claim credit for any of it.
While normally the Executive Branch has little control over stock markets I give the capital gains cut a role in boosting markets that the tariffs more than cancelled out.
The point that many of us are making is, Trump was gloating and bragging day after day after day, tweeting about how great he was and how Trump himself was the reason the stock market was doing so well (though most informed people are well aware that a sitting POTUS usually doesn't have that much of an impact on the stock market).
But now that Wall Street has been in free fall for the last three business days, Trump is either blaming other people, or completely silent about it.
Not that I would expect any different from such a vindictive and self-centered human like Donald Trump, but when this are all rainbows and babies, he showers himself with praise, tooting his own horn. But when things go south, he's quick to point fingers and shift blame to someone else.
Trump and his minions here on City-Data can't have it both ways. Either take credit for both the gains and losses for the stock market, or don't get involved/claim credit for any of it.
This, and also, as I said before, markets dislike uncertainty, and Trump has provided that in spades.
Trump and his minions here on City-Data can't have it both ways. Either take credit for both the gains and losses for the stock market, or don't get involved/claim credit for any of it.
Look, I know the president, regardless of who that happens to be, has very little to do with what happens on Wall Street. However, in reflection of your sentiment here, I'd say we have a fair number of Obama minions on this site who need to follow these rules as well. Democrats are constantly trying to claim any and every victory Trump has for Obama, including claiming the stock market gains over the last 2 years were all the work of Barack Obama. So, I'd say it's time Democrats step up to the plate and claim Obama's responsibility for the losses in the market as well. Also, if and when the economy slows down, Obama should definitely come out and publicly take credit for that. Since he just recently publicly took credit for our current economic boom. It's high time reality set in for people who nearly worship our former president. The man was not the messiah, nor was he the "greatest president of our time". He did his best, and he stumbled all along the way. Just like every other man to sit in our highest seat of power.
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