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How many percentage points has it declined since he came into office? It has declined less than 1% in 2.25 years, so there is nothing magical about it.
Combined with lowering the labor participation rate? Seriously?
Has your personal economy not been good? Is that what this is about?
Why so focused on the DJIA? What about other metrics for our economy? How about oil production? Unemployment rate? Welfare recipients? Food stamps, Medicaid, and SSDI are all down significant amounts under Trump as well. Over 3 million people have gotten jobs and become self sufficient enough to no longer need SNAP alone.
Job creation slowed, which was expected since unemployment was already low when he took office. Everything has continued the same track, even oil production. We have been talking about US being on the verge of becoming the largest producer years before Trump, so he does not deserve credit for things already in motion. He does deserve credit for driving debt through the roof, because that is a direct result of his policies, as is the trade war and the need to bail out people hurt by it.
The DOW was 24.7K+ at the very start of 2018, a week after the Tax "Reform" was signed and the approx. date when the giveaways (mostly to corporations) started.
It's been 16 months and we are at 26.5K, a total of a 7% gain.
The DOW 5 year average is 10.3% and the 10 year average is 16.1% PER YEAR.....
Yet after blowing up the deficit, corporate welfare and the supposed placement of more money into ALL our pockets, the rise is 5% per year since. 1/2 or 1/3rd of the former numbers.
Why did the "Tax Reform" not only fail to goose the economy, but actually do the complete opposite? Does Mr. Market now reward fiscal prudence (paying down the deficit, not giving free money away) and therefore frown on the old Santa Claus (a politician giving gifts) theory???
I expect we will get some rise out of earning season (now), but it would take vast numbers to meet or beat the averages...even my conservative accounts have made close to those Dow averages over a decade...or much longer in some cases.
Oye. Why are you starting with 2018? Don't you know that the stock market is a leading indicator, and the big run-up started the morning after he was elected (and continued for more than a year) in ANTICIPATION of his tax cuts?
I was up 35% the first year or so after Trump won, and the modest gains (7% or so) on top of that has been gravy.
Combined with lowering the labor participation rate? Seriously?
Has your personal economy not been good? Is that what this is about?
LFPR is lower than before? That's not good. I thought it was pretty much unchanged.
Nah, I checked. Its pretty much the same (63).
Personally I was hit with a massive tax hike, and I see the price of consumer goods going up, including gasoline. Combine that with sub-average stock market, so there isn't much to celebrate economy wise.
You may not know this but the market is usually forward looking. It predicted tax cuts, hence the run up before the bill passed. It got a bit ahead of its skis and the fed raising rates 4 or 5 times in 18 helped bring capitulation at the end of the year. Great buying opportunity was presented
2018 was a terrible year for the stock market. Lets hope 2019 is better.
We are only now getting back to the Jan 2018 highs, 16 months later.
The January 2018 highs was too far, too fast - a BIG run-up of about 35%!(depending on which index you use) within the first 14 months after Trump was elected. I'm glad it found more realistic footing, and the fact that we are back there now - only a year and a half later - is amazing.
Combined with lowering the labor participation rate? Seriously?
Has your personal economy not been good? Is that what this is about?
you can keep arguing with this guy until you are blue in the face. he will never admit to trump doing anything positive. its what TDS does to you. don't waste your time.
LFPR is lower than before? That's not good. I thought it was pretty much unchanged.
Nah, I checked. Its pretty much the same (63).
Personally I was hit with a massive tax hike, and I see the price of consumer goods going up, including gasoline. Combine that with sub-average stock market, so there isn't much to celebrate economy wise.
Sub-average stock market? Who do you think you're kidding? I've made so much in the market since November 2016 that it more than covers my outrageous Obamacare premiums, with enough left over for a Mediterranean cruise this summer.
P.S. As I type this, we are up another 160 points, with 27,000 in shooting range.
LFPR is lower than before? That's not good. I thought it was pretty much unchanged.
Nah, I checked. Its pretty much the same (63).
Personally I was hit with a massive tax hike, and I see the price of consumer goods going up, including gasoline. Combine that with sub-average stock market, so there isn't much to celebrate economy wise.
things may not be perfect but this take is delusional and quite frankly, insane
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