Stock market Obama and Trump

[Faun]

Okay "we" get it.........Obama was POTUS during the crash and we had reached rock bottom.

Yyyyyyeah ummmmmmmmmm...... that was George W. Bush. Check your calendar.

Nothing like establishing your false premises right in the first sentence. If yer gonna make shit up, why wait.

Even if you were right it would have very little meaning........ILMAO at "I MAKE SHIT UP". How come progressives make shit up and project that on conservative opponents? Come out of your safe space, here are the facts:

Bush 2008 closed at 8579ish (December 19, 2008). Incidentally, it dropped approx. 750 points after O'bummer was elected, because on October 31, 2008 the DOW was 9325. It was 8497 on November 14, 2008. Way to go O'bummer, we lost confidence the day he was elected.

On February 1, 2009 the DOW was 8281. I'm almost positive 8579 is more than 8281. In fact, by the end of Feb. 2009 the DOW was 7063.

From Inauguration Day in 2001 through Inauguration Day 2009, the Dow went from 10588 to 7949 — that’s a 25% decrease under Bush.

 

[Meathead]

Obama failed so hard, that Trump rode his coattails. Claiming the economy is BOOMIN'...just one day after he won the election.

#LOLGOP #TooFunny #CLASSIC

Pretty much. Obama is done. How did that hope and change work for you, now that's #LOLGOP #TooFunny #CLASSIC!

 

[BlindBoo]

At this point in Obama's tenure, the Dow had risen 40 percent.

For Trump, only 23 percent.


And the Trumpies are actually so retarded, they try to claim that a President who walked into office with the economy falling off a cliff and bleeding 600,000 jobs a month had a cake walk compared to the fat **** who was elected on third base!

They really are just that stupid.

|You mean that they rose 40% from the record low they reached in Obama's tenure.

Give it up. Obama failed.

Yeah the Clean up from the Bush Recession.

Obama > Trumpybear

 

[Slade3200]

Okay "we" get it.........Obama was POTUS during the crash and we had reached rock bottom. What some of our most ignorant misunderstand, it doesn't matter who the POTUS is/was, this is still the USA and it will work its way up again, just as it has and more. The larger the decrease, the more room for recovery, that's just how stuff works. According to some, supposedly "Trump's economy" has been cause for a lesser increase in the market (or even a CRASH) when compared to sir O'bummer. Facts:

Obama calendar year 2015: End of December 2014 (DOW was 18054) to end of December 2015 (DOW was 17425).........A 3.5% decrease.

Obama calendar year 2016: End of December 2015 (DOW was 17425) to end of December 2016 (DOW was 19763).........A 13.4% increase. But stop the presses, the DOW increased 1000 points within a week after Trump's election, and another 1000 before year end. Strikes me Trump's election triggered confidence, and Obama's departure triggered confidence as well.

Trump calendar year 2017: End of December 2016 (DOW was 19763) to end of December 2017 (DOW was 24719).........A 25% increase. On top of that interest rates had risen, which wasn't possible on Obama's watch because the economy wouldn't support it. Then consider the market had already recovered beforehand, and a lot more.

Trump calendar year 2018 to date: End of December 2017 (DOW was 24719) to today (DOW is 24824).........A .004 increase. But interest rates have risen even more this year, which wasn't possible on Obama's watch because the economy wouldn't support it.


I'm no market expert but it's worth mentioning, if points equal dollars the market had been undervalued since at least Bush Jr's term, because the DOW etc. hadn't kept up with inflation. This is one reason why it's so high today, and if you ask me, it's now over-valued.

I agree that it is over valued today. There has been a lot of smoke and expectations surrounding Trumps promises and I wouldn’t be surprised to see it deflate a bit. Maybe that’s what this year was... I don’t trust the market in its current state as far as I can throw it.

 

[depotoo]

You don’t fool anyone with that comment. We all know markets are effected by the election.

After the election, dear. Cultists are the ones that repeat their leaders talking points verbatim. Like yourself.

Dwarfed?

The tards were sorely disappointed the Dow zoomed and zoomed during Obama's tenure. In fact, they hated it so much they continue to whine and invented a bullshit meme that the economy sucked under Obama. Mass delusion.

Trump's Dow growth is dwarfed by Obama.

Trump's job growth is also dwarfed by Obama's. Today's low UE is mostly built on the job growth of the Obama years. Yet Trump and his lickspittles try to take all the credit.

Innumeracy is like that.

Nov 10, 2008
Dow Close 8870.54
Nasdaq Stock Market Close - 1616.74
S&P 500 Close - 919.28

Stock Market Closing Prices - 11/10/10

Dow Jones Industrial Average ( DJIA ) Close - 11357.04
Nasdaq Stock Market Close - 2578.78
S&P 500 Close - 1218.71

Nov 8, 2016 closing

• Dow: 18,332.74
• S&P 500: 2,139.56
• Nasdaq: 5,193.49

Nov 13, 2018
Dow (DJI) 25,387.18
S&P 500 2,726.22
Nasdaq 7,200.87

Easiest dates I could find with comprehensive list all together.

November 8th, 2016?

You mean while Obama was still president??

You cultists are a riot.

You do understand that Obama was still president for a few months after the election, right?

From Inauguration Day in 2009 through Inauguration Day 2017, the Dow went from 7949 to 19827 — that’s a 149% increase. And that’s factoring in the market was still crashing early in Obama’s presidency from Bush’s Great Recession.

You don’t get to cherrypick dates to suit your political agenda. Not to mention, there isn’t a person here who knows beyond a shadow of doubt that you would never be attributing market changes to trump while Obama was still president had the market dropped between Election Day and Inauguration Day.

 

[Faun]

You don’t fool anyone with that comment. We all know markets are effected by the election.

After the election, dear. Cultists are the ones that repeat their leaders talking points verbatim. Like yourself.

Dwarfed?

The tards were sorely disappointed the Dow zoomed and zoomed during Obama's tenure. In fact, they hated it so much they continue to whine and invented a bullshit meme that the economy sucked under Obama. Mass delusion.

Trump's Dow growth is dwarfed by Obama.

Trump's job growth is also dwarfed by Obama's. Today's low UE is mostly built on the job growth of the Obama years. Yet Trump and his lickspittles try to take all the credit.

Innumeracy is like that.

Nov 10, 2008
Dow Close 8870.54
Nasdaq Stock Market Close - 1616.74
S&P 500 Close - 919.28

Stock Market Closing Prices - 11/10/10

Dow Jones Industrial Average ( DJIA ) Close - 11357.04
Nasdaq Stock Market Close - 2578.78
S&P 500 Close - 1218.71

Nov 8, 2016 closing

• Dow: 18,332.74
• S&P 500: 2,139.56
• Nasdaq: 5,193.49

Nov 13, 2018
Dow (DJI) 25,387.18
S&P 500 2,726.22
Nasdaq 7,200.87

Easiest dates I could find with comprehensive list all together.

November 8th, 2016?

You mean while Obama was still president??

You cultists are a riot.

You do understand that Obama was still president for a few months after the election, right?

From Inauguration Day in 2009 through Inauguration Day 2017, the Dow went from 7949 to 19827 — that’s a 149% increase. And that’s factoring in the market was still crashing early in Obama’s presidency from Bush’s Great Recession.

You don’t get to cherrypick dates to suit your political agenda. Not to mention, there isn’t a person here who knows beyond a shadow of doubt that you would never be attributing market changes to trump while Obama was still president had the market dropped between Election Day and Inauguration Day.

The fool is you; trying to give credit to trump for accomplishments occurring while Obama was president.

 

[B. Kidd]

My shoeshine boy told me this morning that the market is overheated.

That means it isn't.

 

[Pogo]

Okay "we" get it.........Obama was POTUS during the crash and we had reached rock bottom.

Yyyyyyeah ummmmmmmmmm...... that was George W. Bush. Check your calendar.

Nothing like establishing your false premises right in the first sentence. If yer gonna make shit up, why wait.

Even if you were right it would have very little meaning........ILMAO at "I MAKE SHIT UP". How come progressives make shit up and project that on conservative opponents? Come out of your safe space, here are the facts:

Bush 2008 closed at 8579ish (December 19, 2008). Incidentally, it dropped approx. 750 points after O'bummer was elected, because on October 31, 2008 the DOW was 9325. It was 8497 on November 14, 2008. Way to go O'bummer, we lost confidence the day he was elected.

On February 1, 2009 the DOW was 8281. I'm almost positive 8579 is more than 8281. In fact, by the end of Feb. 2009 the DOW was 7063, and I'm sure 8579 is more than 7063.

Guess I'll make like Jesus here and dilute these too-complex-for-the-simpleminded matters into an analogy, or what he called a "parable"....

Economic trends as you're pretending to wax your carrot eloquent on move like a barge. If I'm piloting a barge on the Mississippi River and its heading is taking it into a collision course with the floating casino, I've got to start steering that thing WAY BEFORE I'm close to shore. It's not like I'm driving my MINI Cooper and I suddenly see an alligator in the road so I veer around it.

Whelp --- that's what went on from September of 2008 for the next six months. It wasn't going to magically change course on Election Day or Inauguration Day. That shit takes time.

And since you're self-enslaved to these fantasies of how you think you can proclaim cause-and-effect in the short term, consider how the market tanked upon the news that Rump had prevailed in 2016. Hey, it's your own model. Live it or live with it.

 

[deanrd]

I posted this yesterday:

Stock Market Analysis: Dow Jones Close 1/20/09 - Stock Market Closing Prices

The Dow closed at 7,949.09 the day Obama was inaugurated.

Stock Market Analysis: Dow Jones Close 11/29/10 - Stock Market Closing Prices

The Dow closed at 11,052.22 on November 29, 2010.

That's a growth of 39.04 percent.



STOCKS CLIMB: Here's what you need to know | Markets Insider

The Dow closed at 19,827.25 on January 20, 2017.

The Dow is currently at 24,563.20.

That's a growth of 23.89 percent.


Despite Trump being elected on third base, he is trailing Obama BIGLY.

The Dow closed at 7,949.09 the day Obama was inaugurated.

The Dow closed at 19,827.25 on the day Trump was inaugurated?

Wow, seems a little more than 39% to me.

Looks closer to 250%.

Jus' sayin'.

 

[TheDude]

Okay "we" get it.........Obama was POTUS during the crash and we had reached rock bottom.

Yyyyyyeah ummmmmmmmmm...... that was George W. Bush. Check your calendar.

Nothing like establishing your false premises right in the first sentence. If yer gonna make shit up, why wait.

Even if you were right it would have very little meaning........ILMAO at "I MAKE SHIT UP". How come progressives make shit up and project that on conservative opponents? Come out of your safe space, here are the facts:

Bush 2008 closed at 8579ish (December 19, 2008). Incidentally, it dropped approx. 750 points after O'bummer was elected, because on October 31, 2008 the DOW was 9325. It was 8497 on November 14, 2008. Way to go O'bummer, we lost confidence the day he was elected.

On February 1, 2009 the DOW was 8281. I'm almost positive 8579 is more than 8281. In fact, by the end of Feb. 2009 the DOW was 7063, and I'm sure 8579 is more than 7063.

Guess I'll make like Jesus here and dilute these too-complex-for-the-simpleminded matters into an analogy, or what he called a "parable"....

Economic trends as you're pretending to wax your carrot eloquent on move like a barge. If I'm piloting a barge on the Mississippi River and its heading is taking it into a collision course with the floating casino, I've got to start steering that thing WAY BEFORE I'm close to shore. It's not like I'm driving my MINI Cooper and I suddenly see an alligator in the road so I veer around it.

Whelp --- that's what went on from September of 2008 for the next six months. It wasn't going to magically change course on Election Day or Inauguration Day. That shit takes time.

And since you're self-enslaved to these fantasies of how you think you can proclaim cause-and-effect in the short term, consider how the market tanked upon the news that Rump had prevailed in 2016. Hey, it's your own model. Live it or live with it.

Ha ha @ fantasies. That's quite a dressing Pogo, why not just come clean and admit you accused me of doing exactly what you did, and it was you who was wrong X2?

And ILMAO @ progressives who don't want to believe an election impacts the stock market. It's their safe space of sorts. So much for speculation, there's a reason you people should stay out of the market. Why not come clean and admit the stock market reacted poorly to the news Obama would be POTUS, and reacted positively to the news Trump would be POTUS?

 

[deanrd]

At this point in Obama's tenure, the Dow had risen 40 percent.

For Trump, only 23 percent.


And the Trumpies are actually so retarded, they try to claim that a President who walked into office with the economy falling off a cliff and bleeding 600,000 jobs a month had a cake walk compared to the fat **** who was elected on third base!

They really are just that stupid.

|You mean that they rose 40% from the record low they reached in Obama's tenure.

Give it up. Obama failed.

You mean on the first day of Obama's presidency.

What was it on the last day of Obama's presidency?

Go ahead, spin:

 

[B. Kidd]

At this point in Obama's tenure, the Dow had risen 40 percent.

For Trump, only 23 percent.


And the Trumpies are actually so retarded, they try to claim that a President who walked into office with the economy falling off a cliff and bleeding 600,000 jobs a month had a cake walk compared to the fat **** who was elected on third base!

They really are just that stupid.

|You mean that they rose 40% from the record low they reached in Obama's tenure.

Give it up. Obama failed.

You mean on the first day of Obama's presidency.

What was it on the last day of Obama's presidency?

Go ahead, spin:

The market had already figured in the 'Trump Effect'.
Made Obie look good AND the market underestimated it at the time.

 

[TheDude]

Let's summarize what we've learned so far:

A large scale economic drop does not create a condition for a large scale economic recovery. Similar a person who loses weight does not create a condition for weight gain as they grow healthy........Any weight gain over the original mark is because of Obama.

The fact the market was flat during Obama's last two years in office is a reflection on Bush.

The dump in the market following Obama's election is also on Bush, because Bush was POTUS at the time.

The bull following Trump's election belongs to Obama, because Obama was POTUS at the time and he's awesome. Only an idiot would believe its a reflection of confidence in Trump and/or low confidence in Obama. Obama earned it.

Market reaction following a Presidential Election is simply a myth. It's a mere coincidence the market took a dump when Obama was elected, and was awesome when Trump was elected,

The market floor met during Obama's term belonged to Bush.

The market ceiling met during Trump's term belongs to Obama.

The rate of interest has no bearing on the market.

7000 is actually more than 8000.

 

[mikegriffith1]

Obama did a decent job with the economy, better than Bush, but Trump is doing an even better job than Obama did. Under Obama we actually lost manufacturing jobs, whereas under Trump we have seen manufacturing jobs grow like they haven't grown in over a decade. The stock market has risen more during Trump first 2 years than it did under Obama's last 4 years--just check the DJIA for 2012-2016 and compare it to 2017-2018. We have achieved solid GDP growth. Median family income is starting to rise substantially. All employment and unemployment indicators are looking better than they have in a long time. Minority unemployment is at historic lows. Etc., etc., etc.

Obama deserves credit for doing a pretty good job on the economy, and Trump deserves credit for doing a better job on the economy.

 

[AntonToo]

Obama did a decent job with the economy, better than Bush, but Trump is doing an even better job than Obama did. Under Obama we actually lost manufacturing jobs, whereas under Trump we have seen manufacturing jobs grow like they haven't grown in over a decade. The stock market has risen more during Trump first 2 years than it did under Obama's last 4 years--just check the DJIA for 2012-2016 and compare it to 2017-2018. We have achieved solid GDP growth. Median family income is starting to rise substantially. All employment and unemployment indicators are looking better than they have in a long time. Minority unemployment is at historic lows. Etc., etc., etc.

Obama deserves credit for doing a pretty good job on the economy, and Trump deserves credit for doing a better job on the economy.

More baseless bullshit.

Manufacturing jobs have been growing since 2010 and, while decent, there is nothing notable about manufacturing job growth in 2017 and 2018.

Bureau of Labor Statistics Data

DOW rose from 12,400 in Dec 2012 to 19,000 on Obama's last day at the White House - a 50% increase.

Jobs, wages and unemployment are all more or less tracking the trend since 2012

 

[TheDude]

Obama did a decent job with the economy, better than Bush, but Trump is doing an even better job than Obama did. Under Obama we actually lost manufacturing jobs, whereas under Trump we have seen manufacturing jobs grow like they haven't grown in over a decade. The stock market has risen more during Trump first 2 years than it did under Obama's last 4 years--just check the DJIA for 2012-2016 and compare it to 2017-2018. We have achieved solid GDP growth. Median family income is starting to rise substantially. All employment and unemployment indicators are looking better than they have in a long time. Minority unemployment is at historic lows. Etc., etc., etc.

Obama deserves credit for doing a pretty good job on the economy, and Trump deserves credit for doing a better job on the economy.

More baseless bullshit.

Manufacturing jobs have been growing since 2010 and, while decent, there is nothing notable about manufacturing job growth in 2017 and 2018.

Bureau of Labor Statistics Data

DOW rose from 12,400 in Dec 2012 to 19,000 on Obama's last day at the White House - a 50% increase.

Jobs, wages and unemployment are all more or less tracking the trend since 2012

Obama's last day in office was January 2017. The DOW rose because of U.S. confidence in Obama - leaving.

 

[AntonToo]

Obama did a decent job with the economy, better than Bush, but Trump is doing an even better job than Obama did. Under Obama we actually lost manufacturing jobs, whereas under Trump we have seen manufacturing jobs grow like they haven't grown in over a decade. The stock market has risen more during Trump first 2 years than it did under Obama's last 4 years--just check the DJIA for 2012-2016 and compare it to 2017-2018. We have achieved solid GDP growth. Median family income is starting to rise substantially. All employment and unemployment indicators are looking better than they have in a long time. Minority unemployment is at historic lows. Etc., etc., etc.

Obama deserves credit for doing a pretty good job on the economy, and Trump deserves credit for doing a better job on the economy.

More baseless bullshit.

Manufacturing jobs have been growing since 2010 and, while decent, there is nothing notable about manufacturing job growth in 2017 and 2018.

Bureau of Labor Statistics Data

DOW rose from 12,400 in Dec 2012 to 19,000 on Obama's last day at the White House - a 50% increase.

Jobs, wages and unemployment are all more or less tracking the trend since 2012

Obama's last day in office was January 2017. The DOW rose because of U.S. confidence in Obama - leaving.

PROOF? Just because you assert something you'd LIKE to belive doesn't mean that it is so.

Stock market could've gone up on Hillary win too from simple pent up hold-back of investment untill the election is settled.

 

[TheDude]

You're right you know. I summarized what we've progressively learned under post 33.

Liberals think out of the box and that's what makes them awesome. They're able to apply new definitions and logic to things, which is what makes them progressive, while guys like me are just learning.