If you look at the last two years under Obama, the DJIA was a lifeless leviathan.
Before Trump was even elected, the day before the market went up 371 points. Three days later it set one of 17 records it would set to the end of the year. The next year it set 70 new records.
About 30 minutes ago, the market had climbed 41.4% since that day before the 2016 election.
For the record the first ten months of 2016, the DJIA had reached about 8 new highs, so it wasn’t coming off a low spell when Trump came along.
None the less, it has exploded since Trump did come on the scene.
I like how the Left argues that Obama had set the stage. LOL
In 2015, the market had it’s worst year since 1995. Think about what transpired during that period, and yet this was still true.
In 2016, the market rose 3.4% before the November election. From the opening the day before the election until the end of the year, the market went up 10%.
Under Obama the first ten months and one week, the market had 8 new records. One week into November through the end of the year, despite two holidays, there were a 17 new records.
The idea Obama primed the market, can only be validated by the claim he was out of his depth when it came to economic policy. Yes Obama may have primed the market for Trump, by being so unqualified to hold his job.
I think it is even bigger. Everything you said is true, and add to that the fact that since Democrats were so sure they would win and win big they have no ticking time bomb ready to explode and then point the blame to Republicans. The most recent bomb was the collusion between the pro-Community Reinvest Act politicians, the swamp at Fannie Mae and Barney Frank to create the financial and real estate crash.
“Yes Obama may have primed the market for Trump, by being so unqualified to hold his job.”
Obama didn’t prime the market for Trump. The MSM primed the market for Hillary to piggyback on Obama’s perceived success.
After 9/11 when the market tanked and the rich guys rallied together to stabilize the markets, my suspicions are that Donald J. Trump probably played a big role in that. He was very good friends with the Mayor, and the guys who pulled this off took no credit. They just basically saved our financial system, and took no credit for a hugely good dead done.
If these *ss-hats will just climb out of his butt and give the man his due, who knows what this country could do?! I’m so done with the sliming of this president.
I believe you and I have shared thoughts on similar subjects to this in the past. I’d appreciate your view on my post #17 here particularly on inflation and real estate and in more particular rural land.