Dow rips higher to a record, now up nearly 18% on the year

Oh, this I gotta see.

Linky dinky, please.

 

It was about a year ago I think.

 

Yeah thats always been amusing to me. Its like they don't care.

 

There's another message board I post on, and there was a certain poster who was passionately anti-immigration, and a proponent of secure borders, but then Trump took over, and that poster was badly TDS poisoned, and he promptly took to criticizing Trump for building the wall, and deportations, and kids in cages, and yada yada yada...

So what I'd do is go back and find his old anti-immigration posts, and then I'd throw them at his newly-adjusted pro-immigration arguments, and it was like his past self was arguing furiously with his present self.

It was hilarious. He was so angry and frustrated by it, that he eventually threw a tantrum, and committed suicide by mod.

Ah, good times, good times.

 

I think the mask slipped too much and it got deleted.

 

The DOW increased 38% Obama's first year. And went up 200% over his term of office.

 

I didn't say he was entirely responsible, though clearly his solid economic measures have contributed.

He will get credit-as he should.

 

Makes absolutely no sense when our by far largest dollar volume exporter BOEING is in the midst of the worst production slow down due to the questioning of the safety of the air craft they produce.We also had the news of McDonalds CEO being forced to resign and Under Armor possibly cooking their books coupled with decreasing profits being propped up by borrowing to buy back company stock??

 

Trump doesn't deserve credit. The government cannot create growth; it can only hinder it. Trump is less of a hindrance.

 

Sounds like you are hoping for a market crash.

Why is that?

 

Really? I paid a lot in capital gains under Obama. I guess you just need the right person in the White House to be successful. Pretty pathetic actually.

 

The DOW recovered its losses during the Obama administration.
The DOW grew under the Trump administration.

 

DOUBLING ISN"T GROWING??????Over a 100% Increase isn't growing????What world do you live in????

 

Point is Obama was a lackluster POTUS. Very low energy. Very low results.

 

Yes, those who have not been paying attention for the past decade or so will indeed credit Trump. Anyone who can read a graph won't.

 

Credit goes to whoever is in office-thats how it goes.

 

Only to those who abandon all critical thought. Which, yes, is popular for sure

 

We can thank Trumps policies for the booming economy-just in time for Christmas.

 

The Market is GROSSLY overvalued,stocks are priced well beyond the profits the company's are returning.They are benefitting from the fact that BANKS are paying next to nothing on deposits and bonds also have lousy returns on investment.

 

I’m glad you accept that Obama’s solid economic measures contributed to all the stock market records that were broken under his presidency.
And that you think he will and should get credit for that.
Bravo. I didn’t think you had it in you to praise Obama.

 

Nope-Obama was a chump and we see that more each day.

Trump will reap the credit, dems will lose in 2020.

 

What do all of the following dates have in common?

October 24, 28, and 29, 1929
October 19, 1987
October 6–10, 2008

They were all preceded by an OVERVALUED stock marked with NO FUNDAMENTALS to support those valuations.

Notice how all of those dates are CLUSTERED in the 4th quarter?

The current SPIKE is probably intended to get suckers to BUY into the market immediately prior to it collapsing.

Then there is another time factor to consider. It is now ELEVEN YEARS since the last significant stock market decline.

How many more WARNING SIGNS do there need to be?

 

But you just said The president’s solid economic measures contributed to the record breaking stock market. How can that be true for Trump but not for Obama?

 

He did not build that, Bush did!

 

Really?

Bush is responsible for the DJIA setting new records starting in July 2013 - more than 4.5 years after he left office? Records that continued to be broken month after month while Obama was in office?

I can see that you could blame Bush for the financial crisis and the stock market crash that followed it (which both happened while he was in office), but hard to see how the recovery - that occurred under Obama and continued uninterrupted throughout his presidency - could be attributed to Bush.

Check it out yourself
https://www.macrotrends.net/1319/dow-jones-100-year-historical-chart

Under Obama, there was a bit of levelling off from about July 2015 to Mar 2016. Less than a year. Other than that, a pretty steady upward trend.

Under Trump, the DJIA has been pretty chaotic since about Jan 2018. Only now - nearly two years later, is it beating the levels from Jan 2018.

Obama never had a 2-year slump like that. He never had a one-year slump. He was inaugurated while the stock market was floundering. Within two months it turned around and - with the exception of a bit of a slow down for about 9 months in 2015-2016. Other than that, it was on an upward trend throughout his presidency.

Until Trump. Trump had a good first year but really just continuing Obama's trend. Since Jan 2018 the stock market has NOT done terribly well.

I know the facts are inconvenient but you shouldn't really ignore them.