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Trump promises to boost U.S. growth immediately to 4%-5%, but this is pure fantasy. It is far more likely that his anti-trade policies would cause a sharp slowdown, much like the British are experiencing.
Obama’s first year also saw a large rise in the DOW, but that wasn’t as impressive since it was essentially a rebound from an extreme low after the 2008 crash. That rebound was already in progress when Obama took office. Historically, every big crash has been accompanied by a rebound which takes place over the following year, as investors regain confidence.
Conversely, the Trump market rally was preceded by a gradually increasing market which had been subject to no big sell-offs. That makes it all the more impressive, as it can be considered an HONEST expression of confidence in the new POTUS.
They did publish the facts recently:Gains on Wall Street were so big, in fact, that they stand as the best first-year return for a new president in decades.
In the year since Trump’s inauguration, the Dow Jones Industrial Average DJIA, +0.17% rose 32.1%. That calculation covers the period from the close of trading on Jan. 19, 2017—the final trading day before his inauguration—and the close of trading on Friday, Jan. 19, 2018. The actual anniversary was Saturday.
So, you're telling me that passing a tax law giving corporation billions of dollars, taking all the power away from the CFPB, stopping enforcement of all EPA regulations, and then passing a huge budget busting budget caused stocks to go up???
Who would ever have guessed???
Where are the regular Trump bashers?
Crawl out from under that bed and face us like real men.
Stocks started going up well before all that. It was confidence in Trump my friend, something that Obama lacked.
Basically confidence that he would screw over Joe Q Public in favor of John Q Moneybags. Which he has proven to be correct.
Trump is a (litany of rationalizations here).
What kind of slime would vote for this trash?
So, does that mean the additional money Joe Q Public is seeing in his paycheck this week really doesn't exist?
Those are FAKE dollars?
Strategist saysWhere are the regular Trump bashers?
Crawl out from under that bed and face us like real men.
Real men pay with cash,no debt.
It's a pity that some gamble against the latest algorithms to try and make a few dollars.
Everyone talks about how great the market is but never mentions the actual dollar gain or loss.
Trump is a five time draft dodging coward,admitted sexual harasser,pedophile supporter,adulterer.
What kind of slime would vote for this trash?
Yesterday,I really pissed off a Red Neck White Trash Republican when I told him this.
And of course he had NOTHING! in response but to storm off with a red face.
Snowflake!
Strategist saysStocks started going up well before all that. It was confidence in Trump my friend, something that Obama lacked.
It was confidence that he would pay the Republican tax reform giving corporations billions of dollars. Confidence that he would gut all regulations.
Basically confidence that he would screw over Joe Q Public in favor of John Q Moneybags. Which he has proven to be correct.
Wow, they were so so wrong that they should publish an apology to the people who were scared away and lost out on the second-best stock market year ever for a new president by articles like that.
They did publish the facts recently:
https://www.marketwatch.com/story/stock-performance-in-trumps-first-year-was-second-only-to-fdr-2018-01-16