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Blue-chip stock gauge has climbed 28.50% in 12 months,
On the one-year anniversary of Donald Trump’s win in the U.S. presidential race, the Dow Jones Industrial Average is showing its biggest post-Election Day gain in more than 70 years.
The Dow has advanced 28.50% since Nov. 8, 2016. That represents its best performance after a White House contest since 1945, when the blue-chip gauge was up 29.83% in a year following the election of Franklin D. Roosevelt and his vice president Harry S. Truman.
Strategist saysGood things happen when you have a President that inspires confidence.
It's all Trump's fault.
The Dow has gained 29% since Obama's Presidency, while the S&P 500 has rallied 22% and the Nasdaq Composite has rallied 31% during that period.
Sniper saysThe Dow has gained 29% since Obama's Presidency, while the S&P 500 has rallied 22% and the Nasdaq Composite has rallied 31% during that period.
Gnar gnar, still riding Obama's wave.
" On Sept. 3, 1929, the Dow Jones Industrial Average swelled to a record high of 381.17, reaching the end of an eight-year growth period during which its value ballooned by a factor of six. That was before the bubble began to burst in a series of “black days”: Black Thursday, October 24, when the market dropped by 11 percent, followed four days later by Black Monday, when it fell another 13 percent; and the next day, Black Tuesday, when it lost 12 percent more."
This works out to be just over 33% fall in six days if cyphered correctly?
HEY YOU says
" On Sept. 3, 1929, the Dow Jones Industrial Average swelled to a record high of 381.17, reaching the end of an eight-year growth period during which its value ballooned by a factor of six. That was before the bubble began to burst in a series of “black days”: Black Thursday, October 24, when the market dropped by 11 percent, followed four days later by Black Monday, when it fell another 13 percent; and the next day, Black Tuesday, when it lost 12 percent more."
This works out to be just over 33% fall in six days if cyphered correctly?
OMG. The market is gonna crash. Sell sell sell sell....Sell it...Sell it all.
Disaster strikes Wall Street. The market crashed today. Down 101 points.
Strategist saysDisaster strikes Wall Street. The market crashed today. Down 101 points.
Punch out, EJECT, EJECT EJECT!!!
Oh wait, it's just another day in the market!
I think we should have Trump's face on all $100 bills.
Obama can have the $1 bills.
Strategist saysObama can have the $1 bills.
How about the Zero bill?
On the one-year anniversary of Donald Trump’s win in the U.S. presidential race, the Dow Jones Industrial Average is showing its biggest post-Election Day gain in more than 70 years.
The Dow has advanced 28.50% since Nov. 8, 2016. That represents its best performance after a White House contest since 1945, when the blue-chip gauge was up 29.83% in a year following the election of Franklin D. Roosevelt and his vice president Harry S. Truman.
The Dow’s big jump since Election Day was not exactly widely expected, with some strategists saying on Nov. 9, 2016, that they “would be skeptical about buying the dip” in stocks. According to the WSJ Market Data Group, which looked at data going back to 1896, the average 12-month gain following Election Day is 6.04%, with Republican presidents seeing an advance of 8.03% on average and Democrats seeing a rise of 3.55%.
https://www.marketwatch.com/story/the-dows-one-year-gain-since-trumps-election-is-its-biggest-since-1945-2017-11-08
#economics