DOW closes at another Record High
- Thread starter wvu2007
- Start date
So in other words there were 17 record highs under Obama from Election Day 2016 to the end of 2016 and perhaps some more in 2017 before Jan 20.
Even if there were none from Jan 1, 2017 to Jan 19, 2017, there were 17 for Obama from Nov 8, 2016 to Jan 19, 2017 (17 in 72 days) and 23 for Trump from Jan 20, 2017 onwards (23 in 173 days.
Which is better:
A. 17 in 72 days.
B. 23 in 173 days
I hope it keeps it up. It is curious that Obama, who wingnuts claim was hellbent on destroying America, saw the DJIA grown 148% during his terms in office. Only 3 Presidents in history (Coolidge 252%, Clinton 227% and FDR 197%) have had better market results. We'll see where Trumplethinskin stacks up in 3 1/2 years....assuming he's not impeached firts.
Another reason why I am pretty sure the irrational hatred of Obama is driven by racism to a large degree. Was he great? No. He had some pretty big missteps. Was he the disaster his haters claim? No. He brought us out of the deepest economic hole in any our lifetimes.
I think it's more than just 'glad he won.' Confidence can affect investments in either direction, but factories are being built. That's some pretty dang high confidence or else industry knows something. Not every factory employs 5K, but ones like the insulation plant in Jefferson County are popping up across much of the Nation. Those add up.
search: new factories in usa
I think a lot of individual and fund money was invested as conservatively as possible because of the lack of confidence in Obama and that money has become more aggressive now.
Add the repatriation of money, which WILL happen imo, and Asian manufacturing to the equation. I don't fully understand the Asian factor. They have the cheapest labor and cheap piss poor environmental regs. US energy independence may be part of it. .
Energy has been huge the last few years but after a big setback in 2016 it has really pushed forwrd the last 6 months.
"Impeached ( firts)...did you mean "farts"..enquiring minds want to know :zzz:[pfftt]:flush:[smoke]
Good to see Penis boy put his English degree to use. He is an embarrassment to WVU.
He was in office, but you can no more prove his contribution than I can prove the weak recovery would have happened to a stronger degree if he would have jus gotten out of the way. I do absolutely believe Obama policies retarded the growth in size and time required.
He's in 6th place out of the last 17 Presidents.
http://www.macrotrends.net/2481/stock-market-performance-by-president
http://www.macrotrends.net/2481/stock-market-performance-by-president
Trump has a 10.2% increase after six months. After six months, FDR, who is in first place, had a 71.2% increase.
In rough numbers, Trump has taken the Dow from 20 K to 22 K for a 10% increase but to do a 70% increase he'd have had to take it from 20 K to 34 K.
Yeah but it's kinda unfair to say how the Democrats (FDR, Clinton, Obama) have an unfair advantage in that because the economy they take over is so crappy when it is the Republicans (Hoover, GHWB, GWB) that bequeath them such a bad economy.
In Trump's case you could start at the election. After a November 9th reaction to the election, the Stock Exchange started going bonkers on November 10. It's being driven by confidence based on the axing of some business stifling regs and some promises yet to be kept. Easy promises to keep if Congress would do their jobs, especially rinos that ran on the promises. 2018 elections will help. The left will continue to lose, but you'll always have your precious polls.
This post is self-contradictory because Trump himself is a RINO. If the markets truly did start reacting right after Trump was elected then whatever it was they were reacting to, it wasn't the fact that a typical Republican had become POTUS-elect because the new POTUS-elect wasn't a typical Republican.
I'm not exactly sure what a RINO is, but he seems truer to the Republican platform than those who ran on certain issues, but lied to their voters. Doesn't matter if Trump is a RINO, he ran on an agenda. "If the markets truly did start reacting right after Trump was elected?" No if here, Opie. It happened. Anti-Establishment was the thrust of the movement. This movement will gather strength proportionally to the Establishment's resistance. Your polls are cute, but the ballot box will decide. "..the new POTUS-elect wasn't a typical Republican." Yep.