President Trump is Right – US Markets Up Nearly 50% (44%) Since 2016 Election!

Hairy Jello · #1 (**permalink**) 01-27-2018, 12:49 AM

Always wanted to see how a businessman would effect the stock markets and economy.

So far Trump has done well on both fronts.

Hope he can continue the great job.

Quote:

President Trump is right. He stated that US markets are up by nearly 50% since his election. (The Dow is up 44% since the 2016 election as of yesterday.) He also stated that the markets have hit 84 all time highs since the election. He actually understated the correct amount. As of yesterday, with the Dow reaching another all time high, the Dow reached its 98th all time high since the election.

President Trump’s stock markets hit many records in his first year in office as noted in many previous posts here at TGP. The stock market on Wednesday, January 17th, 2018, says it all. On that day the Dow broke 26,000 points for the first time in its history. As a result the Dow broke the record for the fastest 500, 1,000, 2,000, 3,000, 4,000, 5,000, 6,000 and 7,000 point increases between major milestones in the history of the Dow. All of these increases occurred since Donald Trump was elected President. Yesterday the Dow landed at 26,392.

The President also stated in a question and answer period that he believes that if Hillary Clinton would have won the Presidency that the markets would be down nearly 50% because of the business suffocating policies of the Obama Administration that the Hillary team was sure to continue.

Next month Americans will receive more money in their checks due to lower taxes from the Trump Tax Cut law just passed. As time goes by, Americans will see more and more the blessing that President Trump won the 2016 election.

RedState · #2 (**permalink**) 01-27-2018, 01:34 AM

Yay the rich are getting richer! Too bad job creation last year was the lowest since 2010. Get ready for that market drop folks. Better pull out by summers end. I'll be back to gloat.

cnredd · #3 (**permalink**) 01-27-2018, 01:44 AM

Quote:

Originally Posted by RedState

Get ready for that market drop folks. Better pull out by summers end. I'll be back to gloat.

"I want America to fail and people be hurt so I can say "I told you so!"...

Jeerleader · #4 (**permalink**) 01-27-2018, 08:07 AM

I wish he would have kept with his campaign position that the runaway stock market is (at best) a symptom of bad fiscal policy.

The market run-up for the last 9 years has nothing to do with politics or who was in the Oval Office . . . It is singularly the product of the Federal Reserve's asset purchases and ZIRP and that also is the biggest reason for the rapidly growing wealth gap. The tax plan is just giving these robbers more money to play with . . .

The thought that the Fed can both reduce its book and raise interest rates is a fool's errand. The collapse is planned; Trump is a perfect patsy and his claims of responsibility for the post-election bounce will only further seal the condemnation.

When the crap hits the fan, the banksters will walk away even richer while the people are left holding worthless paper instruments.

.

WallyWager · #5 (**permalink**) 01-27-2018, 11:04 AM

When the Dow tripled under Obama, we were told that the stock market doesn't matter. Now it does, for some reason. Because businessman!

Job growth, economic growth, unemployment, all were better during Obama's tenure than the previous eight years in spite of being gifted a massive recession, longest streak of monthly job increases ever. And yet always somehow below what we needed every month/quarter, or made up by the deep state.

Now all that is totally real and all a bazillion times better than the last guy, even though job growth was slower than in 2016 under that big bad job killing soshulist!!!.

cnredd · #6 (**permalink**) 01-27-2018, 11:33 AM

Quote:

Originally Posted by WallyWager

When the Dow tripled under Obama, we were told that the stock market doesn't matter. Now it does, for some reason. Because businessman!

The government was PROPPING UP the stock market under Obama...

Don't you remember "Quantitative Easing"?...."QE2"?...."QE3"?...

Quote:

The U.S. Federal Reserve System held between $700 billion and $800 billion of Treasury notes on its balance sheet before the recession. In late November 2008, the Federal Reserve started buying $600 billion in mortgage-backed securities. By March 2009, it held $1.75 trillion of bank debt, mortgage-backed securities, and Treasury notes; this amount reached a peak of $2.1 trillion in June 2010. Further purchases were halted as the economy started to improve, but resumed in August 2010 when the Fed decided the economy was not growing robustly. After the halt in June, holdings started falling naturally as debt matured and were projected to fall to $1.7 trillion by 2012. The Fed's revised goal became to keep holdings at $2.054 trillion. To maintain that level, the Fed bought $30 billion in two- to ten-year Treasury notes every month.

In November 2010, the Fed announced a second round of quantitative easing, buying $600 billion of Treasury securities by the end of the second quarter of 2011. The expression "QE2" became a ubiquitous nickname in 2010, used to refer to this second round of quantitative easing by US central banks. Retrospectively, the round of quantitative easing preceding QE2 was called "QE1".

A third round of quantitative easing, "QE3", was announced on 13 September 2012. In an 11–1 vote, the Federal Reserve decided to launch a new $40 billion per month, open-ended bond purchasing program of agency mortgage-backed securities. Additionally, the Federal Open Market Committee (FOMC) announced that it would likely maintain the federal funds rate near zero "at least through 2015." According to NASDAQ.com, this is effectively a stimulus program that allows the Federal Reserve to relieve $40 billion per month of commercial housing market debt risk. Because of its open-ended nature, QE3 has earned the popular nickname of "QE-Infinity." On 12 December 2012, the FOMC announced an increase in the amount of open-ended purchases from $40 billion to $85 billion per month.

On 19 June 2013, Ben Bernanke announced a "tapering" of some of the Fed's QE policies contingent upon continued positive economic data. Specifically, he said that the Fed could scale back its bond purchases from $85 billion to $65 billion a month during the upcoming September 2013 policy meeting. He also suggested that the bond-buying program could wrap up by mid-2014. While Bernanke did not announce an interest rate hike, he suggested that if inflation followed a 2% target rate and unemployment decreased to 6.5%, the Fed would likely start raising rates. The stock markets dropped by approximately 4.3% over the three trading days following Bernanke's announcement, with the Dow Jones dropping 659 points between 19 and 24 June, closing at 14,660 at the end of the day on 24 June. On 18 September 2013, the Fed decided to hold off on scaling back its bond-buying program, and announced in December 2013 that it would begin to taper its purchases in January 2014. Purchases were halted on 29 October 2014 after accumulating $4.5 trillion in assets.

Manitou · #7 (**permalink**) 01-27-2018, 02:19 PM

Who was it who said, "If you were born poor, it's not your fault, but if you die poor, it is." Or something like that.

My question is mainly to the anti-rich folks:

Are you going to be hired by a poor person, or by a rich person?

The correct answer of course is, neither. You want to be your own boss.

RedState · #8 (**permalink**) 01-28-2018, 10:46 AM

Quote:

Originally Posted by cnredd

"I want America to fail and people be hurt so I can say "I told you so!"...

If you are dumb enough to beileve that what tRUmp is doing is going to good for the economy in the mid to long term then I guess you are dumb enough to lose your savings to him too.

Dog Man · #9 (**permalink**) 01-28-2018, 01:08 PM

Quote:

Originally Posted by RedState

Yay the rich are getting richer! Too bad job creation last year was the lowest since 2010. Get ready for that market drop folks. Better pull out by summers end. I'll be back to gloat.

I will pull out along with many others if it looks like Dems will take over.
I know they will do something stupid to wreak havoc on the economy, just
so they can blame Trump. But it should not be a worry till 2020

I'm sorry to hear that you were left out. Don't you have a 401k, or IRA?
If you did you would be one the rich people that you are talking about.

I guess in your mind, anyone that has a 401k, IRA, or ANY investment is rich.

That is really sad and unfortunate for you.

I remember telling people here that they needed to put some money at risk. I have made 35% on the money I invested one year ago.

It's still not too late RS, you can do. We will welcome you into the "Rich" crowd the minute that you see your investment grow.

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