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Such a stupid statement. Where was the DOW when Trump was elected vs where is it now?
Not stupid at all.
In his FIRST YEAR there were big gains - after that essentially NOTHING.
At this point in Obama's Presidency the DOW was up wayyyyyyyyy more percentage-wise than it is under Trump - it's not even close. Trump got a DOW boost after the elections based on EXPECTATIONS (not anything he'd ACTUALLY DONE). That period after Trump had been elected but while Obama was still President accounts for roughly 1/3rd of the the market gain you mention - and it actually happened during OBAMA'S watch.
After Trump took office, he added to that with his budget busting tax cuts (which was good for the market, but TERRIBLE for the deficit), then it all came to a screeching halt. Since then - for a year and half now - nothin'. It goes up - then Trump opens up his big mouth and it all crashes back to where it was a year and a half ago. The longer he's in office with the market essentially treading water, the less impressive his overall market gains look.
Ken
Last edited by LordBalfor; 06-04-2019 at 09:16 PM..
Liberals think moving all manufacturing abroad and having cheap tvs is good for the US.
Since Trump is directly causing the sharp increase in the price of these TVs and other products, suddenly Americans paying way more for them is a great thing!
Since Trump is directly causing the sharp increase in the price of these TVs and other products, suddenly Americans paying way more for them is a great thing!
Never overestimate the intelligence of people who will do anything to watch reruns of Scooby-Doo !!!
Couldn't be happier that is is up - I am no longer spending into a long down cycle. But I don't think it was anything but the Fed saving trump. And if he continues with his tariffs against Mexico I would not be surprised to see another reverse.
Last edited by blktoptrvl; 06-05-2019 at 05:53 AM..
Today marks the half way point of the week.
Its looking like the thread prediction is an epic failure !!!
Reminiscent of a novice investor who bets on hope and wishes for the future ignoring factual data.
Dow poised to extend powerful rally driven by hope of the Fed cutting interest rates http://www.marketwatch.com/story/dow...dist=bigcharts
Today marks the half way point of the week.
Its looking like the thread prediction is an epic failure !!!
Reminiscent of a novice investor who bets on hope and wishes for the future.
Dow poised to extend powerful rally driven by hope of the Fed cutting interest rates http://www.marketwatch.com/story/dow...dist=bigcharts
Remember that thing about glass houses? This thread is nowhere near as off as your "epic" 25000 thread. How many times have you been wrong in that cheer leading thread now? This one at least was based on current news events.
Last edited by blktoptrvl; 06-05-2019 at 06:41 AM..
Remember that thing about glass houses? This thread is nowhere near as off as your "epic" 25000 thread. How many times have you been wrong in that cheer leading thread now? This one at least was based on current news events.
The difference is I have until the end of Trump's terms and you only gave yourself a week.
Short term thinking and investing go hand in hand !!!
In long term thinking and investing most people win.
But you have some time left and you might get your a$$ pulled out of the fire yet !!!
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