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Can't help but to compare with Obama. On 11/30/08 (the closest date I could find before the election) the Dow was at 9325. 3 years after the election (11/8/11) it was 11796, for growth of 2471 points. Right before the 2016 election the Dow was 17,888, with it currently at 28004, for a growth of 10,116 points. So the Dow is growing slightly over 4X faster under Trump than it did in the same period in the Obama presidency.
It's the economy, stupid!
You need to measure by % increase, not absolute points.
This question has already been addressed. See chart at link below:
Quote:
Originally Posted by rjshae
Trump is still playing catchup to Obama? I thought he'd have the battle wrapped up by now. Loser.
Not to focus on facts and details but the market hadn't closed at the time the OP created the post and the other poster noted that it had not yet reached 28,000.
10 years of recovery will give investors lots of money to invest.
Much of the left will say it’s not because of Trump or policy but that flies in the face of reality. The market was flat or slightly down for 2015 and 2016. It wasn’t until Trump was elected that we got this huge bull run. Another leftist talking point is that this only benefits the rich which couldn’t be further fro the truth. 70% of Americans over the age of 35 own stocks; 33% of the market is made up of retirement funds another 25% is small stock purchases and employee owned stock. 75% of the market is owned by Americans. The influx in capital helps create jobs, innovation, tax revenue, etc. everyone benefits in the long run.
Much of the left will say it’s not because of Trump or policy but that flies in the face of reality. The market was flat or slightly down for 2015 and 2016. It wasn’t until Trump was elected that we got this huge bull run. Another leftist talking point is that this only benefits the rich which couldn’t be further fro the truth. 70% of Americans over the age of 35 own stocks; 33% of the market is made up of retirement funds another 25% is small stock purchases and employee owned stock. 75% of the market is owned by Americans. The influx in capital helps create jobs, innovation, tax revenue, etc. everyone benefits in the long run.
But you can't ignore that we are in the longest recovery EVER....and the recovery wasn't flat or slightly down in 2015.
When people accumulate wealth after years of economic recovery they have more to invest.
They don't miraculously wake up the day after Trump is elected and find extra money to invest....it doesn't work that way.
Every time Trump starts talking trade the market dips.....I wonder in the last three years if he had conducted his trade talks more maturely, with less hot air and showmanship for his fans where the market could be.
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