Posted on 01/04/2018 4:26:41 PM PST by DoughtyOne
Most folks here support President Trump and what he is trying to do for the nation, what impact he is having on the nation.
We hear good news, and we instinctively know it's good news. At the same time I think we fail to focus on the magnitude of change at times.
This is one of those times. This good news cannot be overlooked. Lets look at some numbers. They are very impressive.
The Dow Jones Industrial Average (DJIA) closed above 25,000 points today, at 25,075.13. LINK It's a first. In the 120 years of the DJIA, this is the highest close yet.
Yes, that sounds pretty good, but do YOU KNOW how good it is?
Obama was able to say that too a number of times, "best in 116-118 years", but he never presided over anything like this, in a calm market, just based on his policies and no calamity involved.
The morning of Monday, November 7th, 2016, the DJIA stood at 17,888.28. LINK Again, fourteen months later it has closed at 25,075.13. LINK Did you know that is a 40.176% increase? That's (25,075.13 - 17,888.28) divided by 17,888.28.
The mere idea that Trump would become our next president caused the market to explode the day before the 2016 General Election. On November the 7th, 2016, the DJIA climbed 371.32 points. LINK
Now some will say that it wasn't because of Trump, because overnight trading after Trump had won, showd a massive loss. But by the end of the business day on the 9th, the market had significantly recovered. It was merely jitters. On November the 10th, the market set a new record.
From November the 10th, until the end of the year, the DJIA went on to set a new record 17 times. LINK In the ten months prior to November of 2016, Obama's market had set just 8 new records, for an increase of 3.4%. LINK In the period after the election, the market rose 10%, in the ball park of 3 times in one fifth the time. LINK
In 2017 the DJIA had 70 more record breaking closes, and then we had the record close today. This new record today is the 89th since the General Election on November 8th, 2016. LINK
Think about it this way.
Since November the 7th, 2016, the DJIA has accumulated an additional approximate $7 trillion dollars of value. I say this because I read and posted an article on the forum about ten days ago, that heralded a $6.6 trillion dollar increase in market value at that time. This is a guesstimate based on that and increased market value since that time. If you look around, you can find several places that talk of $5 to $5.5 trillion additinal value in the market about sex weeks ago. Amazing...
Since November the 7th, 2016, the DJIA has increased a full 40% of the total value of the 120 years of this market. That's 80% of 50% of the total accumulated value over the 120 years the market has existed, and it was added in just 14 months. (sourced above)
The icing on the cake is that it didn't take place after a catastrophe, although some of us did see Obama's administraton as one. No this was not coming off a depressions, a great recession, monetery crisis, or in response to anything other than a new president who was seen as a person who would rule in ways favorble to business, the economy, and the general public, something the last person never exhibited in his eight years in office.
Yes, just the thought of MAGA drove this. And today the nation is 40% greater than it was, with regard to the DJIA.
Thank you Mr. President.
More good reading, and a source for some of what I mentioned here: LINK
In the short term, that socialist approach was good for U.S. business as it allowed them to move most of their labor overseas where they could take advantage of low labor costs in other socialist nations.
But with socialism, we eventually reach the point where we run out of other people's money. The well become dry.
Donald Trump not only was a businessman who loves our country but he also pretty much stuck to his promises. He is creating a business climate that encourages businesses to start moving the labor back here - by way of reducing the corporate tax burden and removing onerous regulations.
Donald Trump is not out to reduce the United States to a third world nation by raping the producers and enslaving the people to poverty and despair. To readers of Ayn Rand, we were headed to a society as described in "Atlas Shrugged". That book had a rather depressing ending as all the producers that were left escaped to a secret community while the rest of the nation fell apart.
Imagine if in that book, Hank Rearden was able to get elected president and stop it all. We would have dismissed the story as being unbelievable. We would have scoffed at the plot, that some businessman could get himself elected president of the United States of America. It would have been so unrealistic!
Well, it actually happened after all. Not in some book but in real life.
Thanks D1, well said!
I want to thank President Trump as well.
I agree with your thoughts there.
You’re exactly right, and Rand is once again looking pretty good on this issue.
The secret is out. Please don’t contact me about ‘sex weeks’.
“:^)
The media have barely discussed the great economic news since Trump has been president.
I know it grates them, but this is big news. They’re forced to talk about it.
That last article I linked provided a whole lot of information.
They actually did quite a good job.
DJIA just growing now after 10+ of stagnation.
Yeah, that’s all it is.
No new favorable things to cause it other than just time finally catching up with the DJIA. /s
Why do you think we had 10+ years of stagnation?
It was because Bush and Congress allowed the perfect economic storm to develop, without taking action.
And then Obozo came along without a single clue.
We now have a guy with his head glued on straight.
This is happening now, because Trump instituted new policies.
Thank you, DoughtyOne, for keeping your eye on the ball. Hope you’re doing well.
Your point is valid. We would not be at Dow 25,000 if Hilary had won.
Thank you. I’m doing great and hope your are also. Have a great year.
Thank you. I appreciate the note of agreement.
Thank you. Great song.
Hello, my brother...
That is amazing news. Happy 2018, MAGA!
Hey thanks, and same to you.
2018, just too much winning ahead...
I agree with your thoughts there.
More income...
Less spending...
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