The stock market did not “advance” under Obama. It was artificially given growth results through continued quantitative easing.
Let’s hope the growth under president Trump is sufficient to blunt the cessation of the fed pumping, fo all our sake.
One thing Obama was expert in, was maximizing the pain felt should his wishes not be followed. So long putz!
Seniors has no place to go with yields in the basement. Utility Stocks, Stalwart Dividend payers ( PG, etc etc ), Corp Bonds etc became a riskier proposition chasing yields that were no longer available with Gov't paper and CD's. This IMHO help drive up demand and price of these securities.