Posted on 11/04/2019 8:32:14 AM PST by SeekAndFind
Obama’s term started after a generational stock market crash when companies were selling as if the world was at an end. So yeah, all it took is for the panic selling to stop for the market to recover at a huge % rate!
Correcto-mundo - great point, TexasGator.
It’s BS, when Obama took office the economy just bouncing off the biggest loss since the great depression, of course the percentage would be higher as the market had no place to go but up.
Of course, it’s more of an indictment of W, then.
Will post more later, but as most here probably know, this is fanciful malarky.
First, there was a significant downturn in stocks coinciding with the election of and beginning of Obama’s presidency. I’m not blaming him for that, but it meant that just recovering to previous levels would make it look like he was rallying the stock market.
Second, the charts shown depict ‘percentage’ changes, which skews the data markedly. For example, if the Dow goes from 8000 to 9000 (it was in the 8000s when Obama was initially in office), that is a 12.5% increase. On the other hand, if the market goes from 26,000 to 27,000 (as it has during the Trump presidency), this is a 3.85% increase - even though the absolute points it has risen in the same period is the same.
There’s more, but suffice it to say that assessment shown is useless.
8 years of 1-2% growth and now Obama was a great growth President? Lies...Damn lies...
Unfortunately, two things happened: sHrillary lost the primary to Zero, and the Deep State overdid things and crashed it much farther than they intended.
So recovering from the worse Stock Market crash since 1929 isn't exactly praiseworthy for Zero.
That's my Conspiracy Theory and I'm sticking to it!
Thank God he was a lazy Marxist. He could’ve done a lot more damage than he did.
“Dow’s 1-year gain since Trump’s win is its biggest post-Election Day rise since 1945”
Bull
I’ve been in an S&P 500 Index fund for a long time, believe me, my returns on it were NOWHERE near what I have seen under Trump during the Obama or Bush years....
Exactly.. I’ve made a better return in my SP500 Index fund in 3 years under Trump than 8 under Obama, total CRAP.
Did you know the markets had multiple high after 1929 during the so-called Great Depression?
See the post above yours.
Any movement after election night 2016 is all Trump... and every honest person knows it.
This graph is shit.
For one example, percentage increase over what?
Answer: percentage increase over garbage.
5.56mm
Well since you made no comments regarding your post, mind reading is all that was available to me. So I thought I would probe you to get a response, since I actually suck at mind reading.
Nope. From the article: "...we compared the same periods for both presidents: from inauguration on January 20 to Oct. 31 in their third year of office.
At first I thought you were right, but then I noticed that the timelines only go through Day 700.
What's odd is that Oct. 31, 2019 (Trump's third year in office) is Day 1,014, about a full year after the Day 700 shown. 700 days is not even two full years in office. Something doesn't add up for these charts - they are missing 314 days of Year 3.
Is that because the success you are having in the stock market? 8>)
year one Over 20%, year two-5% (because of a late year drop), current year over 20% so far.... these people are comical... this is an article intended to be consumed by people who don’t invest, to provide a political talking point... anyone who’s remotely paying attention knows its crap
stock market is NOT the economy......
plus, that big financial collapse was probably orchestrated by the deep state and its banks/corporations....
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