The Wait For 30,000 DOW.If It Happens.What Percent Of Americans Will Give Trump All The Credit?

[Faun]

Ever since Trump became President about 15 months ago, we have been seeing the DOW just continue to rise at a pace that made the Obama stock market rise look like a 50 year old turtle walking a mile to the beach.
And yet, no matter how well the DOW has been since Trump won in late 2016, we always had our share of the angry left giving much credit to Obama. And even after a year, with the Trump DOW surpassing 25,000, then, 8 or so days later, 26,000, some still give credit to Obama?, really? how did playing all that golf and going on very expensive vacations on borrowed money bring us to this point in the current US Economy?

Wonders an idiot who doesn’t give credit to Obama for the Dow tripling under his watch from 6600 to 19800.

 

[Dragonlady]

Ever since Trump became President about 15 months ago, we have been seeing the DOW just continue to rise at a pace that made the Obama stock market rise look like a 50 year old turtle walking a mile to the beach.
And yet, no matter how well the DOW has been since Trump won in late 2016, we always had our share of the angry left giving much credit to Obama. And even after a year, with the Trump DOW surpassing 25,000, then, 8 or so days later, 26,000, some still give credit to Obama?, really? how did playing all that golf and going on very expensive vacations on borrowed money bring us to this point in the current US Economy?

Without Obama there wouldn’t be a Dow Jones Average to comment on. W crashed your economy. Obama brought it back. All credit for the continuing strength of the stock market goes to Obama right up to the point where the tax cut passed.

Until that time, Trump has done nothing to help or hinder the market. You have to do SOMETHING before you claim credit.

 

[Soggy in NOLA]

Ever since Trump became President about 15 months ago, we have been seeing the DOW just continue to rise at a pace that made the Obama stock market rise look like a 50 year old turtle walking a mile to the beach.
And yet, no matter how well the DOW has been since Trump won in late 2016, we always had our share of the angry left giving much credit to Obama. And even after a year, with the Trump DOW surpassing 25,000, then, 8 or so days later, 26,000, some still give credit to Obama?, really? how did playing all that golf and going on very expensive vacations on borrowed money bring us to this point in the current US Economy?

Without Obama there wouldn’t be a Dow Jones Average to comment on. W crashed your economy. Obama brought it back. All credit for the continuing strength of the stock market goes to Obama right up to the point where the tax cut passed.

Until that time, Trump has done nothing to help or hinder the market. You have to do SOMETHING before you claim credit.

You're nuts.

 

[NightFox]

Ever since Trump became President about 15 months ago, we have been seeing the DOW just continue to rise at a pace that made the Obama stock market rise look like a 50 year old turtle walking a mile to the beach.
And yet, no matter how well the DOW has been since Trump won in late 2016, we always had our share of the angry left giving much credit to Obama. And even after a year, with the Trump DOW surpassing 25,000, then, 8 or so days later, 26,000, some still give credit to Obama?, really? how did playing all that golf and going on very expensive vacations on borrowed money bring us to this point in the current US Economy?

Just out of curiosity, why all this obsession with the DJIA? after all it's the least accurate index for measuring the broad health of the domestic equities market, if you want a more accurate gauge of overall health look at the SP 500 or even better the Russell 3000 (neither gives a completely accurate picture but they're far better than the DJIA's 30 companies), the last time I looked the Russell 3000 has added $6.2 Trillion in market cap since Trump took office which is approximately 50% of what was added during Obama's entire term of office.

As to your main question, IMHO yes Trumps regulatory and tax policies deserve some of the credit for the rise in the equities markets but only SOME, the lions share goes to VERY accommodating monetary policy and synchronized global growth.

What we have to be careful of at this point is irrational exuberance, inflation and the central bankers miscalculating on monetary policy in response and the Trump Administration has very little control over those factors.

 

[Rexx Taylor]

Ever since Trump became President about 15 months ago, we have been seeing the DOW just continue to rise at a pace that made the Obama stock market rise look like a 50 year old turtle walking a mile to the beach.
And yet, no matter how well the DOW has been since Trump won in late 2016, we always had our share of the angry left giving much credit to Obama. And even after a year, with the Trump DOW surpassing 25,000, then, 8 or so days later, 26,000, some still give credit to Obama?, really? how did playing all that golf and going on very expensive vacations on borrowed money bring us to this point in the current US Economy?

Without Obama there wouldn’t be a Dow Jones Average to comment on. W crashed your economy. Obama brought it back. All credit for the continuing strength of the stock market goes to Obama right up to the point where the tax cut passed.

Until that time, Trump has done nothing to help or hinder the market. You have to do SOMETHING before you claim credit.

You're nuts.

i wonder what the DOW would of been under Obama if he didnt have to print 4 or so Trillion dollars to inject into it.

 

[Faun]

Ever since Trump became President about 15 months ago, we have been seeing the DOW just continue to rise at a pace that made the Obama stock market rise look like a 50 year old turtle walking a mile to the beach.
And yet, no matter how well the DOW has been since Trump won in late 2016, we always had our share of the angry left giving much credit to Obama. And even after a year, with the Trump DOW surpassing 25,000, then, 8 or so days later, 26,000, some still give credit to Obama?, really? how did playing all that golf and going on very expensive vacations on borrowed money bring us to this point in the current US Economy?

Without Obama there wouldn’t be a Dow Jones Average to comment on. W crashed your economy. Obama brought it back. All credit for the continuing strength of the stock market goes to Obama right up to the point where the tax cut passed.

Until that time, Trump has done nothing to help or hinder the market. You have to do SOMETHING before you claim credit.

You're nuts.

The Dow tripled under Obama after bottoming out at 6600 from Bush’s Great Recession.

 

[Rexx Taylor]

even the DOW was a bit on the fake side during the Obama years because of all the money printing

 

[Dragonlady]

Why don’t you ask Trump? He’s doing the same thing. Plus he’s increasing the deficit by 1.5 trillion to cut taxes for corporations and the wealthy. Obama cut the deficit throughout his Presidency, once the economy stayed to recover. That will require a steady hand on the printing presses to keep from derailing the economy.

Trump cut taxes with virtually full employment. What do economists say about increasing job creation with full employment? The economy doesn’t need to increase jobs. It needs to increase WAGES. That’s finally starting to happen in a small way but the working and middle class incomes need major increases and that isn’t happening.

 

[Faun]

even the DOW was a bit on the fake side during the Obama years because of all the money printing

LOLOLOL

Is this like how the BLS unemployment figures were also fake while Obama was president? Becoming only real when Trump won the election?