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You need to look at from when Trump was elected, not cherrypick dates.
Even using THOSE dates, Trump still trails Obama's numbers. Trump DID get a big early boost on the stock market measure, but much of that was IN ANTICIPATION that he would be good for the market. Once he actually TOOK OFFICE his overall impact on the stock market has not really been very good - in large measure because for the last year and half it's been just PATHETIC. The longer Trump is in office the less impressive his overall gain look since ALMOST ALL of those gains were very early on and all the flatlining since then just dilutes his overall market impact. If you use the actual date of each man taking office (when they can actually DO SOMETHING) Obama CRUSHES Trump's stock market performance - it's NOT EVEN CLOSE.
So what you are saying......is that we have way less in yearly returns than under Obama?
IN ADDITION TO GOING NOWHERE FOR 17 MONTHS....
Now, a reasonable person would say that Trumps first year was coasting on growth already underway for 7+ years......and that his "tax reform" which went into effect when the DOW was exactly what it is today, would be his "signature" issue.
But, if you are going to clearly take the results of Obamas policies and legacies (it's not like a corporation that announced big profits in early 2017 made them due to Trump policies), we could then do the calculations this way.....
DJIA performance: +148.3 percent under Obama.....
In Eight years under Obama - I believe that is about a 13% yearly compounded return...let me check because, unlike many others here, I don't just sling BS and hope a piece sticks....
OK, so that is 12.6% average per year (which, BTW, in higher than my 30 year avg of about 10%)....if we were going to "cheat", we'd divide 8years into 143% and say he made 18% per year, but we don't do that!
Putting this 12.6% for 2.5 years from 19.8K - means, IF Trump as "as good" as Obama (all Trump followers know he is MUCH BETTER), then the DOW would be about 27K now. If we projected that Trump was JUST 1% better then Obummer.....and that NONE of the original rise was due to Obammy-whammy, then the DOW should be at 27.4 now and then at over 29K by the end of this year......
If Trump was truly "great" - well, that would be at least a 14% rise yearly (not anything out of the ordinary during bull runs), the DOW would be closing in on 30K by the end of this year.
Of course, ALL OF THIS is complete contrary to this thread which started 17 months ago when the DOW was higher than it is TODAY.....
So pick your number. Dumper is not great any way you measure it, even if you give him credit for stuff he obviously didn't do (he certainly did not set the stage - everyone agreed Trump was handed a great economy).....
We're also not talking about the increased deficits and borrowing Trump did to make for INFERIOR market returns....
No matter how you slice it, you can't win.
You might as well start parroting Andy and others. You see, the Stock Market declines are exactly what Trump wants because they punish the wealthy..and, by punishing people who "have stuff", they say he is helping the working person!
If you are BS-ing yourself X amount, you may as well go all the way and say "yeah, Trump wants the market to go down because..the alternative is praising Obama. Can't happen.
"Now, a reasonable person" that would leave out MOST dems, especially on here!
"would say that Trumps first year was coasting on growth already underway for 7+ years......" ONLY if you are a die hared dem!
Sorry, the TITLE of the tread says, " President Trump is absolutely the greatest on the economy. Dow breaks 25,000"
Correct, the OP cerebrated DOW breaking 25 000 which happened 17 months ago, and guess what......the DOW is still at 25 000. In other words, it hit a stone wall. Trumps failed economic policies killed it.
Correct, the OP cerebrated DOW breaking 25 000 which happened 17 months ago, and guess what......the DOW is still at 25 000. In other words, it hit a stone wall. Trumps failed economic policies killed it.
And he said "they say it still has room to run". So obviously he was predicting a continued runup. And obviously he was wrong.
This first one uses cumulative dividend cuts as a measure of the health of the economy. And they are skirting perilously close to recessionary conditions.
- The pace of dividend cuts that have been announced to date is well ahead of the same point of time a year earlier in the second quarter of 2018.
- We take a look at the cumulative number of dividend cuts by day of quarter for both 2018-Q2 and 2019-Q2.
- We find that the cumulative number in 2019-Q2 is running near the threshold that would indicate recessionary conditions are present within the U.S. economy.
- Corporate earnings fell by 0.5% YoY in Q1 and are likely to decline this quarter as well.
- Stocks are relatively expensive on a historical basis, and forward P/E ratio estimates appear extremely high.
- The trade war with China has no end in sight, is likely to impact consumer spending, corporate earnings, global growth, and could trigger a recession in the U.S.
Correct, the OP cerebrated DOW breaking 25 000 which happened 17 months ago, and guess what......the DOW is still at 25 000. In other words, it hit a stone wall. Trumps failed economic policies killed it.
People just don't understand the very stable genus but is it really so difficult to understand a stable market.
The market hasn't crashed as was promised by anti Trumpers. Its gone up considerably since Trump was elected.
There seems to be some confusion and it was cleared up earlier in the thread. The start date of the thread doesn't matter. What does is the term of office or election to election.
The President gets credit or blame for what happens during the time they are in office. No matter the party they represent. It can be stretched from election to election but thats it. We are not at the end date of the term. We don't have the complete story, yet !!! The 1st term isn't over and a well deserved 2nd term would extend the end date.
Last edited by phma; 05-24-2019 at 07:11 AM..
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