Posted on 11/04/2019 8:32:14 AM PST by SeekAndFind
Oh BS.
The stock market rises under Obama are a direct response to the undervalued stocks caused by his election in 2008 and then didn’t start until 2010 when Republicans took back the house.
Even then the market recovery was anemic compared to Trump.
This is outright lying with statistics to promote a political point (shocking I know)
Not to mention at the end of 8 years China was on the fast track to world dominance. Obama policies were not good for the country over the long run and anyone being honest can say that now (even if you couldn’t while it was happening)
Obama had the benefit of an extremely oversold market that snapped back from 2009. I remember the financial shows screaming buy at the time.
AThen we compared the same periods for both presidents: from inauguration on January 20 to Oct. 31 in their third year of office.
Because the market had already run up a long way before Trump was elected, the absolute numbers would be misleading. Instead, Fortune compared the performance under each president to his initial inauguration day to get an accurate comparison of growth under each.
SO it's fair to say "the market had already run up a long way before Trump was elected" which you could solve for by measuring from the day he was elected. But then they switch to saying they measured from "his initial inauguration day".
That's a conspicuous non-sequitur.
And this phony analysis is very typical of Democrat shills like Forbes.
The market is inherently forward looking. People buy a stock today based on the money they PREDICT it will make over the next several years. So when Trump was elected the market screamed up. Not because Obama gave the economy an extra special push in his last days in office but because investors believed that Trump would revive corporate earnings. Which he did in spades.
Tomorrow’s analysis: “Unemployment is at a 50-year low, and at record levels for blacks and Hispanics. But the job market was far better under Obama.”
Brought to you by the same mindset that uses climate models...
Looks like they are now doing it to manipulate market indicators for the next election cycle.
The Federal Reserve kept the Federal Funds rate essentially flat for nearly the entirety of Obama’s presidency. This was a great economic tailwind for him. The moment Trump came into office they started raising rates and continued to do so until late summer 2019.
https://www.macrotrends.net/2015/fed-funds-rate-historical-chart
“Because the market had already run up a long way before Trump was elected, the absolute numbers would be misleading. Instead, Fortune compared...”
Which means the markets shot up like a rocket as soon as Trump won the election and they wanted to that increase to O’Bastard, so they pulled something out of their ass and said ‘Orange man bad’.
And a Democrat hack, at that.
I looked at his Twitter feed https://twitter.com/ErikSherman.
First page: Erik the DNC hack is retweeting Amee Vanderpool, renowned obnoxious partisan Democrat Twitter hacktivist.
I don’t know if anyone remembers, but when Obama was president, the news was that there was a major disconnect between the markets and the economy. The economy was being drained and all those dollars were being thrown into the markets.
comparing a bounce off the bottom following a crash, and piling on 50% to a top is apples and oranges
This libtard writer gives Trumps election bump to Obama
Trump in 32 months is up around 12-1300 points on the S&P
Obama went from around 690 looks like to 1800 in 8 years
What a poppycock article
Of course it looked good. Obama was pumping FUTURE TAX PAYER (BORROWED) MONEY into the financial markets at an exorbitant rate with his “Quantitative Easing” program. . . Propping up the bond markets for his financial backers on Wall Street. This freed money to be invested in the Stock Market.
“Dead Cat Bounce” Obamao.
Fortune has been bought and sold twice since 2017 - once to Merideth Publications who then sold it again to a Thai company.
They are down to few readers and even less subscribers. The magazine is given away free at trade shows to pump up fake circulation numbers.
No one cares what Fortune prints...
For anyone like me who was wondering, the numbers on the horizontal axes (yes, axes is the plural of axis) are the numbers of days in office.
3 years VS 8 years?
“Completely ridiculous. Scale is essential for accurate visualization of a graph. Obama is 8 years, Trump is 3 or less.”
The graphs show the same number of days for Obama as they do for Trump.
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