The Trump downturn begins....

[ptbw forever]

Let’s see how it works....

Under Obama stocks do poorly....Obama’s fault.
Under Trump...stocks do poorly not Trump’s fault

The stocks aren’t doing poorly under Trump, moron.

They never have.

 

[Toro]

The stock market under Trump will not do as well as it did under Obama.

An

It's already done better in its first year than it did in any year of Obama's presidency with unemployment reaching numbers Obama couldn't reach in 8 years.

Nope.

The stock market was up 22% in 2017 whereas it was up 26% in 2009 and 32% in 2013.

http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/histretSP.html

 

[SassyIrishLass]

The stock market under Trump will not do as well as it did under Obama.

An

It's already done better in its first year than it did in any year of Obama's presidency with unemployment reaching numbers Obama couldn't reach in 8 years.

Nope.

The stock market was up 22% in 2017 whereas it was up 26% in 2009 and 32% in 2013.

http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/histretSP.html

Good grief this nonsesnse is getting old. Far too many variables involved to compare market values a decade apart.

 

[Toro]

Partisan cheerleaders with little market knowledge like to ascribe market returns to politics. But the truth is, the starting point of the stock market matters far more than who is in charge.

The reason why the stock market won’t do as well under Trump than it did under Obama is very simple - stocks were dirt cheap when Obama became President at ~10x earnings whereas the stock market was trading at one of its most expensive valuations ever when Trump became President at north of 20x.

It doesn’t matter if Obama was the most anti-business President and if Trump is the most pro-business. What matters most is what the valuations were when either became President.

 

[Toro]

The stock market under Trump will not do as well as it did under Obama.

An

It's already done better in its first year than it did in any year of Obama's presidency with unemployment reaching numbers Obama couldn't reach in 8 years.

Nope.

The stock market was up 22% in 2017 whereas it was up 26% in 2009 and 32% in 2013.

http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/histretSP.html

Good grief this nonsesnse is getting old. Far too many variables involved to compare market values a decade apart.

He said that the stock market did better in Trump’s first year than it did in any year under Obama. That is false.

 

[ptbw forever]

Partisan cheerleaders with little market knowledge like to ascribe market returns to politics. But the truth is, the starting point of the stock market matters far more than who is in charge.

The reason why the stock market won’t do as well under Trump than it did under Obama is very simple - stocks were dirt cheap when Obama became President at ~10x earnings whereas the stock market was trading at one of its most expensive valuations ever when Trump became President at north of 20x.

It doesn’t matter if Obama was the most anti-business President and if Trump is the most pro-business. What matters most is what the valuations were when either became President.

The stock market is doing much better under Trump than it did under Obama.

+1,000 is +1,000.

Are you really going to say the president who oversees a DOW increase of 6,000 out of 60,000 is only enjoying a 10% increase, or are you going to recognize the change of scale in rating stock increases by that time?

 

[ptbw forever]

The stock market under Trump will not do as well as it did under Obama.

An

It's already done better in its first year than it did in any year of Obama's presidency with unemployment reaching numbers Obama couldn't reach in 8 years.

Nope.

The stock market was up 22% in 2017 whereas it was up 26% in 2009 and 32% in 2013.

http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/histretSP.html

Good grief this nonsesnse is getting old. Far too many variables involved to compare market values a decade apart.

He said that the stock market did better in Trump’s first year than it did in any year under Obama. That is false.

Obama never increased the DOW by 6,000 points in one year.

It is a true statement.

 

[SassyIrishLass]

The stock market under Trump will not do as well as it did under Obama.

An

It's already done better in its first year than it did in any year of Obama's presidency with unemployment reaching numbers Obama couldn't reach in 8 years.

Nope.

The stock market was up 22% in 2017 whereas it was up 26% in 2009 and 32% in 2013.

http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/histretSP.html

Good grief this nonsesnse is getting old. Far too many variables involved to compare market values a decade apart.

He said that the stock market did better in Trump’s first year than it did in any year under Obama. That is false.

It's more involved than that. Variables

 

[Pogo]

The stock market under Trump will not do as well as it did under Obama.

An

It's already done better in its first year than it did in any year of Obama's presidency with unemployment reaching numbers Obama couldn't reach in 8 years.

Nope.

The stock market was up 22% in 2017 whereas it was up 26% in 2009 and 32% in 2013.

http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/histretSP.html

Good grief this nonsesnse is getting old. Far too many variables involved to compare market values a decade apart.

He said that the stock market did better in Trump’s first year than it did in any year under Obama. That is false.

Obama never increased the DOW by 6,000 points in one year.

It is a true statement.

Could be. It's also a stupid one considering the relative sample sizes.

Much like crying that you never had to pay four bucks for a loaf of bread in 1918 as if "four bucks" means the same thing it meant a century ago.

Now if you want to count as a percentage you'll be back to approaching a legitimate point.

Yesterday for example the DJIA lost 1175 points in a single day, whereas in the huge crash of 1929 the entire gap between the peak in September and the bottom in October was fewer than 200 points.

That means yesterday should have triggered a Great Depression six times worse than '29, right?

This is probably already over your head, isn't it.

 

[airplanemechanic]

It's already done better in its first year than it did in any year of Obama's presidency with unemployment reaching numbers Obama couldn't reach in 8 years.

Nope.

The stock market was up 22% in 2017 whereas it was up 26% in 2009 and 32% in 2013.

http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/histretSP.html

Good grief this nonsesnse is getting old. Far too many variables involved to compare market values a decade apart.

He said that the stock market did better in Trump’s first year than it did in any year under Obama. That is false.

Obama never increased the DOW by 6,000 points in one year.

It is a true statement.

Could be. It's also a stupid one considering the relative sample sizes.

Much like crying that you never had to pay four bucks for a loaf of bread in 1918 as if "four bucks" means the same thing it meant a century ago.

Now if you want to count as a percentage you'll be back to approaching a legitimate point.

Yesterday for example the DJIA lost 1175 points in a single day, whereas in the huge crash of 1929 the entire gap between the peak in September and the bottom in October was fewer than 200 points.

That means yesterday should have triggered a Great Depression six times worse than '29, right?

This is probably already over your head, isn't it.

In 2015 the DOW lost over 1800 pts in a week, that was 11.2% and the liberals were dead silent on the issue. If Trump's DOW would lose 11.2% it would have to lose 2700pts.

The ECONOMY is much stronger under Trump. Record low unemployment, lower taxes, businesses spending money and expanding. Obama had GDP growth that was slower in his recovery than since WW2.

Obama said he could fix the economy, so he was given the reins to the horse. But the problem is, he'd never ridden a horse before and he fell off, many times. And to top it off, the USA voted to put him back on the damn horse for 4 more years.

 

[JimBowie1958]

So the DOW came up over 500 points, so now it is Obama's market again?

 

[SassyIrishLass]

So the DOW came up over 500 points, so now it is Obama's market again?

It sure shut them up

 

[Toro]

The stock market under Trump will not do as well as it did under Obama.

An

It's already done better in its first year than it did in any year of Obama's presidency with unemployment reaching numbers Obama couldn't reach in 8 years.

Nope.

The stock market was up 22% in 2017 whereas it was up 26% in 2009 and 32% in 2013.

http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/histretSP.html

Good grief this nonsesnse is getting old. Far too many variables involved to compare market values a decade apart.

He said that the stock market did better in Trump’s first year than it did in any year under Obama. That is false.

Obama never increased the DOW by 6,000 points in one year.

It is a true statement.

The rate of change is what matters, not the absolute number.

If an index starts at 1 and goes to 2, that is better than an index that starts at 1000 and goes to 1002, even though the absolute value change of the latter is greater than the former.

100% > 0.2%

It’s simple math.

 

[Toro]

The stock market under Trump will not do as well as it did under Obama.

An

It's already done better in its first year than it did in any year of Obama's presidency with unemployment reaching numbers Obama couldn't reach in 8 years.

Nope.

The stock market was up 22% in 2017 whereas it was up 26% in 2009 and 32% in 2013.

http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/histretSP.html

Good grief this nonsesnse is getting old. Far too many variables involved to compare market values a decade apart.

He said that the stock market did better in Trump’s first year than it did in any year under Obama. That is false.

It's more involved than that. Variables

Totally agree.

But the statement that the market under Obama never did as well as it has under Trump is simply factually wrong.

 

[Toro]

Nope.

The stock market was up 22% in 2017 whereas it was up 26% in 2009 and 32% in 2013.

http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/histretSP.html

Good grief this nonsesnse is getting old. Far too many variables involved to compare market values a decade apart.

He said that the stock market did better in Trump’s first year than it did in any year under Obama. That is false.

Obama never increased the DOW by 6,000 points in one year.

It is a true statement.

Could be. It's also a stupid one considering the relative sample sizes.

Much like crying that you never had to pay four bucks for a loaf of bread in 1918 as if "four bucks" means the same thing it meant a century ago.

Now if you want to count as a percentage you'll be back to approaching a legitimate point.

Yesterday for example the DJIA lost 1175 points in a single day, whereas in the huge crash of 1929 the entire gap between the peak in September and the bottom in October was fewer than 200 points.

That means yesterday should have triggered a Great Depression six times worse than '29, right?

This is probably already over your head, isn't it.

In 2015 the DOW lost over 1800 pts in a week, that was 11.2% and the liberals were dead silent on the issue. If Trump's DOW would lose 11.2% it would have to lose 2700pts.

The ECONOMY is much stronger under Trump. Record low unemployment, lower taxes, businesses spending money and expanding. Obama had GDP growth that was slower in his recovery than since WW2.

Obama said he could fix the economy, so he was given the reins to the horse. But the problem is, he'd never ridden a horse before and he fell off, many times. And to top it off, the USA voted to put him back on the damn horse for 4 more years.

The market is not the economy.

 

[Jackson]

Anyone brave enough to be in?

 

[Pogo]

Nope.

The stock market was up 22% in 2017 whereas it was up 26% in 2009 and 32% in 2013.

http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/histretSP.html

Good grief this nonsesnse is getting old. Far too many variables involved to compare market values a decade apart.

He said that the stock market did better in Trump’s first year than it did in any year under Obama. That is false.

Obama never increased the DOW by 6,000 points in one year.

It is a true statement.

Could be. It's also a stupid one considering the relative sample sizes.

Much like crying that you never had to pay four bucks for a loaf of bread in 1918 as if "four bucks" means the same thing it meant a century ago.

Now if you want to count as a percentage you'll be back to approaching a legitimate point.

Yesterday for example the DJIA lost 1175 points in a single day, whereas in the huge crash of 1929 the entire gap between the peak in September and the bottom in October was fewer than 200 points.

That means yesterday should have triggered a Great Depression six times worse than '29, right?

This is probably already over your head, isn't it.

In 2015 the DOW lost over 1800 pts in a week, that was 11.2% and the liberals were dead silent on the issue. If Trump's DOW would lose 11.2% it would have to lose 2700pts.

Yanno what, it just so happens that today's close: 24,893.35 ---is just about that, 2700 points below its peak of 26,616. Slightly over.

Just sayin', coincidence that you kinda "predicted" that number....

 

[ptbw forever]

Good grief this nonsesnse is getting old. Far too many variables involved to compare market values a decade apart.

He said that the stock market did better in Trump’s first year than it did in any year under Obama. That is false.

Obama never increased the DOW by 6,000 points in one year.

It is a true statement.

Could be. It's also a stupid one considering the relative sample sizes.

Much like crying that you never had to pay four bucks for a loaf of bread in 1918 as if "four bucks" means the same thing it meant a century ago.

Now if you want to count as a percentage you'll be back to approaching a legitimate point.

Yesterday for example the DJIA lost 1175 points in a single day, whereas in the huge crash of 1929 the entire gap between the peak in September and the bottom in October was fewer than 200 points.

That means yesterday should have triggered a Great Depression six times worse than '29, right?

This is probably already over your head, isn't it.

In 2015 the DOW lost over 1800 pts in a week, that was 11.2% and the liberals were dead silent on the issue. If Trump's DOW would lose 11.2% it would have to lose 2700pts.

Yanno what, it just so happens that today's close: 24,893.35 ---is just about that, 2700 points below its peak of 26,616. Slightly over.

Just sayin', coincidence that you kinda "predicted" that number....

That is over the course of more than a week.