Dow Jones Industrial Average 2016-11-08: 18,332.74
2019-11-08: 27,681.24
+ 51%
actually it's
+ 50.99346851589015%
Posted on 11/10/2019 5:39:47 PM PST by Hojczyk
You might find it fun, maddening or confounding– but it’s hard to not to find it interesting to review how wrong so many of us in the media have been when it comes to political and financial predictions in the era of Donald Trump.
One example is a 2016 article by CNN. It’s entitled: “A Trump win would sink stocks.” It doesn’t attribute the prediction to anyone in particular, it simply states it as if it were a fact.
The article goes on to read, “If Donald Trump wins the election…U.S. stocks will almost certainly tank.” The only outstanding question, according to the article, is “How big of a drop?”
A Trump win would sink stocks.
CNN, Oct. 2016 Trump win would cause 8% fall in the U.S. stock market.
Macroeconomic Advisors, 2016 Trump win would cause 10%-15% nosedive in U.S. stock market.
Brookings Institute, 2016 CNN quoted the forecasting firm Macroeconomic Advisors, which predicted there would be an 8% fall in the U.S. stock market if the country were unlucky enough to get Trump as a president. It also mentioned “a new paper out Friday from the Brookings Institute,” which projected “a 10% to 15% nosedive” if Trump were elected.
Read the CNN article from 2016 by clicking here: https://money.cnn.com/2016/10/24/investing/stocks-donald-trump-hillary-clinton/index.html
Fast forward to three years after Trump’s election. Looking back, there was no immediate stock market crash.
Quite the opposite.
Today, a CNBC article points out: “Stock market’s value under @realDonaldTrump has grown by $6.9 trillion to $30.6 trillion.”
Read the CNBC article by clicking here.
Fight government overreach and double-standard justice by supporting the Attkisson Fourth Amendment Litigation Fund for Attkisson v. DOJ and FBI for the government computer intrusions. Click here.
Good. Stupity ought to hurt.
Trump’s “magic wand”...
But I guarantee it will definitely tank if any of these Marxist clowns were to be elected.
Dow Jones Industrial Average 2016-11-08: 18,332.74
2019-11-08: 27,681.24
+ 51%
actually it's
+ 50.99346851589015%
“Stock market’s value under @realDonaldTrump has grown by $6.9 trillion to $30.6 trillion.”
I expect that number will double during his 2nd term...
I’d hit that...
The “Money Honey” on CNBC got it right. Maria B said after the futures dropped right after trump was elected it was time to buy the market. She was absolutely correct!!
Better sell before the 2020 election...if the democrats win
If Trump wins you get back in.....
Oh, it’s all rigged; I don’t doubt that.
And THAT is why diversity in investing is your friend. ;)
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.
