Not for the year it isn't. It's a loss for the year.
The Dow was up 43 percent by this point in Obama's tenure. It's up only 23 percent for Trump in the same amount of time.
I didnt say "for the year" now did I dumbass?
And no it wasnt up "43%" under Barry Soweto...unless you use some artifical date. Your discretion I suppose. At this point it was still down 26% from its peak in 2008. Its why you people shouldnt be allowed anywhere around where you most desire to be..other people's money.
So his market rise..get this..his market rise *started* here...lol...
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Of course it recovered. In the history of the United States *every* market recovered. But this one did it with TARP, big bank bailouts, ZIRP, QE1-4, big auto bailouts...you name the corporate handout and it was handed out. Even, God help us, "Cash for Clunkers".
In addition people and business had no choice but to put money in the stock market as Barrack Hussein started a program of
"financial repression" which destroyed pension funds all over the country. Interest rates were held at zero per cent..again to make it so painful on prudent savers that they would pile money into housing and the stock market.
And we do know the theory of "Excess Returns" over the riskless rate right? Even a liberal may have heard of it?
Excess Returns
These have to be unwound. I know you are not real bright, as a liberal, and think handouts never have to be unwound. But they do. The market we see today is in the face of interest rates rising from .05% to 2.2%. A 65% rise in this year alone. We faced not only ending almost a decade of handouts to corporations with "Quantitative Easing" but in fact for over a year now the Fed has been *reducing* its balance sheet.
And still the market is up almost 40%. Unbelievable. The prognosticators..and no I'm not talking about the anti-Trump press...the real brains of investing all expected such strong headwinds that we would enter into a "secular stagnation" for the next decade. Reasonable enough prediction based on secular reasoning..not TDS like yours.
But so far it isnt true., Trumps economy is booming even into tremendous headwinds. And without having to have had a "reset" and basically starting at zero.
Now i dont expect you to understand any of that. Its ok. Its written for anyone else who may have an interest in how silly your "calendar year only" analysis was.
And I want to remind you that all stock markets "crash"...and all markets then "recover". So predict whichever one you like as you foam at the mouth. Sooner or later you will always be correct.
