General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums20 Jan 2017 Dow close...19,732.40
Just as a point of reference.
Added: That was the date Agent Orange began his reign of destruction.
LizBeth
(9,952 posts)roamer65
(36,747 posts)LizBeth
(9,952 posts)Claritie Pixie
(2,199 posts)What is the relevance of selecting that point in time,
as opposed to this one?
Fresh_Start
(11,330 posts)could be relevant to those who say trump was great for their investments.
Claritie Pixie
(2,199 posts)pat_k
(9,313 posts)... done well under Trump to date.
I think Trump's over-inflated market was destined for a major correction. I think a good part of the current dive is that underlying "correction." His actions are "breaking" the economy, but the effects take time to manifest. Without some "scare" the correction probably would not have manifested until next term (which we are doing everything in our power to make a Dem).
The fact that part of the cause of the tumble is killing people is abhorrent. However, when things smooth out, I don't see us getting back at "trump highs." By the end of the year, I think the market will be a more reasonable level that would be a base for a more moderate, sustainable, upturn.
Of course, this is all speculation. Trying to predict this shit is a crap shoot.
roamer65
(36,747 posts)Once we get past that level the gains under Dump are gone.
exboyfil
(17,865 posts)DJIA
Trump right now is at 21%
Obama's 1st term 65%
Obama's 2nd term 45%
Everybody should be posting that on discussion boards.
To get to Obama's level from the 2nd term, the market will have to get to 28,611. I don't see that happening (23,976)
Claritie Pixie
(2,199 posts)That context is important.
roamer65
(36,747 posts)gratuitous
(82,849 posts)At that moment, the DJIA was at 23,768.60. If the market had done as well under Trump as it had under Obama to this date in each man's administration, the DJIA would be at 31,085, more than 7,000 points higher.
brush
(53,924 posts)Kaleva
(36,361 posts)Turbineguy
(37,375 posts)CNBC/Bloomberg people say things like "Biggest drop since (some date in 2019)!".
I don't remember the world ending that day.
Wellstone ruled
(34,661 posts)in what companies would represent the 30 dow. Manufacturing companies,which was the Dow,were replaced by the likes of Amazon,Apple,Google and Tesla. And with the Tax give away,those dollars went back into Stock Buy Backs causing the group called the FANGS have inflated these stock well above their true value.
Johnny2X2X
(19,193 posts)Trump's tax policies went into effect on January 1st 2018, His first budget was in effect for a mere 3 months then, and his new policies mostly went into effect January 1st, 2018.
24,719 is what the stock market opened at that day. Trump owns the market from that point forward, Obama owned it prior to that.
exboyfil
(17,865 posts)We got the GDP sugar high (and it wasn't much of a high in 2018 of 2.86% GDP growth). It dropped back to 2.3% last year. This year we could very well see Q1 near flat and Q2 negative just on what has been going on the last few weeks.
Johnny2X2X
(19,193 posts)Basically inflation has equaled growth, the only growth we've seen is from price increases.
Response to roamer65 (Original post)
marybourg This message was self-deleted by its author.
exboyfil
(17,865 posts)That tracks Presidents by term. Share with your conservative friends.
https://www.macrotrends.net/2481/stock-market-performance-by-president
whttevrr
(2,345 posts)23851 X .95 = 22658
22658 X .95 = 21525
21525 X .95 = 20448
20448 X .95 = 19425
So, maybe a week or two and we could be back to 19000's?