General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThank you, Ali Velshi, again
for your graphs and boards and a gift to explain any economic events.
So Whiny Donny is tweeting about the market rising under his rule.
Not so fast, said Velshi. The S&P rose 18% in his 11 months. But then he showed the S&P since March 2009 and it is almost a straight line. 2017 just extended it.
Next, he showed overseas markets, with no Trump (lucky them) where their metrics rose the same, even higher.
Last, in Obama's 11 months, the S&P rose 38%. But then, he added, it was after the deep recession. But even during papa Bush's the S&P rose 20%
Both Velshi and John Harwood theorized that the market went up in anticipation of a "tax reform" but now, that the deed was done, it may calm.
(For DUers who like to disdain markets. Don't. Even if you don't have IRAs there, your insurance companies and other financial institutions invest there, their health is depending on the market).
http://www.macrotrends.net/2488/sp500-10-year-daily-chart
elleng
(131,085 posts)I rarely catch him, don't watch daytime TV, but I like him when I see him, always well informed.
Iliyah
(25,111 posts)Whoa, hmmmmmmmmm, who is t-rump, RWers, craz craz religious fanatics and the GOP gonna blame when the economy (already starting in the Mid West) start falling?
Wounded Bear
(58,704 posts)is just an extension of what was happening under Pres Obama.
Trump hasn't really affected much...yet.
mopinko
(70,205 posts)they not only lay it out well, they dont let bozos spew alternative facts unchallenged.
Rhiannon12866
(205,927 posts)how you?
Rhiannon12866
(205,927 posts)Actually more than normal since I've been down with the flu. But that's worked out since I was available on Christmas.
I hope you had a decent one..
mopinko
(70,205 posts)DeminPennswoods
(15,290 posts)the S&P was at 700 in the mid-1970s during my college years.