Posted on 07/20/2020 5:21:44 AM PDT by knighthawk
“The stock market did just fine when Barack Obama was in the White House.”
No, it did not. It took off after Trump was elected.
Even if you eliminate 2016 and assume all the growth for that year was post-Election Day, this is still an impressive seven-year run:
2009: +23.45%
2010: +12.78%
2011: Flat
2012: +13.41%
2013: +29.60%
2014: +11.39%
2015: -0.73%
2016: +9.54%
A lot of folks on this site seem to think of Wall Street as an institution built on freedom and unfettered capitalism. It's not. It's dominated by major corporations that are corrupt to the core and routinely buy government officials to do their bidding.
Indeed Clinton and Obama didn’t get their millions by giving speeches and selling books.
Also note the California dames who hold office in D.C.
“I own no stocks at the moment but i would sell NOW if i did then possibly reinvest after the first week in Nov.”
Trying to time the equity market seldom works out well.
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