BREAKING: Dow closes above 26K - Fastest 1K Milestone EVER

Post up the trend line of the market under Obambam and it's clear that tRUmp's run follows that trend. Run along and thank Obama for the perfect hand off.

 

The Dow has no connection to the general economy

 

Wait, are you ignorant enough to believe the housing crisis was Bush's doing? That was festering for over a decade or 2 and low and behold, it was DEMOCRATS who wanted unqualified people to own homes they could never afford. Bush just happened to be there when the **** hit the fan. Sort of like how Bush inherited 9-11. That was festering for the previous 8 yrs, while Clinton did NOTHING with the warning shots, until we got hit. Trump was supposed to CRASH the market. Thats what every Democrat and Liberal pundit was saying. Elect Trump and he will start WWIII and destroy the economy, women's rights, among other things. Well? Nothing destroyed except ISIS, once Trump handed the reins over to the military commanders who actually know what they're doing instead of a POTUS trying to play Stratego from the oval office like an amature.

And I'm sure CLinton had everything to do with the tech bubble inflating his economy, then CRASHING on his way out.

 

I'm sorry, could you quote my post where I said the housing crisis was Bush's doing? Thanks.

While a very strong argument can be made that "Mr. Ownership Society" and the "business can regulate itself" Republicans who controlled the House, Senate, and Presidency during the entire time the housing market blew up to its absurd levels and started imploding had a great deal of fault, I never said that.

Maybe you can find a different thread to derail.

 

What...

https://www.bloomberg.com/view/articles/2017-01-19/ranking-the-obama-economy

 

Iriemon, it's simple math. Simple. Elementary. Math. The DJI grew 13,200 under Obama in 8 years. The DJI has grown 7,300 under Trump. In one year. There are times to use percentages and times not to. This is one of those times a percentage is useless.

 

I'm sorry. I've already pointed out to your why comparing raw numbers over different time periods is a sophomoric error. If you don't get that, sorry. Maybe someone else can explain it to you; I don't feel like it.

I'm not denying the Dow had a good year last year, but in terms of relative performance, its far from being the best as the raw numbers would suggest.

 

Go Trump Go!!!!!!

 

DJI didn't grow by 7,300 in any one year under Obambam. The most it grew was 4,000 points in one year and that was from the recession. The previous record, set by Bush, was 14K. It took 8 solid years for Obambam to get 5,800 above that. The record is shattered, and broken almost daily now. Credit Obambam if you want, but this is all due to Trump's economy. Otherwise it would tank with everything Trump reverses from the last administration.

 

You are confused again...........plot the market growth trend line under Obama and it lines up where tRUmp now is.............thanks Obama.

 

Well it tanked when democrats controlled Congress, so that's probably not an argument you wanna get into.

 

The market started tanking before the Dems took control of Congress, and and was in full fledged route while the Administration was under Republican control.

 

Typical rw logic.

The percentage of the total is what matters, not the dollar amount. That is 4% . Obama saw bigger gains after he took office. But I'll bet you didn't get excited about that. Can you explain why not?

 

You people ready for this idiotic Trump bubble to pop? It always does...

 

Raw numbers show that Trump's first 12 months grew more than Clinton, Obama, Bush, Bush, Reagan, and Carter.

I'm not asking for an explanation, I'm telling you that Trump only needs to reach 33,000 to do what Obama did. He's more than half way there from where he started and it's only been a year. Things could change, but at this current rate, he'll be there by year's end. In order for the DJI to match Obama's by your formula, it would have to grow over 40,000 points. That's just silly, and that's the only reason you would rather use percentages.

 

Obama saw a 16% rise in less than two months, probably many times.

4%. What a loser!

 

its a big bubble that will burst.

 

http://www.politicalforum.com/index...-milestone-ever.523919/page-2#post-1068554815

 

No, Trump's trend line is more steep.

 

Would that be the same "businessman" who claimed in 2016 that the stock market was "in a big, fat, ugly bubble." ?

 

They don't even understand exponential growth, but claim to be experts in economics. You can't make this up.

 

Granny says, "Dat's right...

... dat's the Donald...

... Makin' America Great Again!"

 

Which tells you everything you need to know about how they feel about the country.

 

Which is funny, because I don't think there are any liberal degrees that even require economics anymore.

I don't suppose you need it for "Advanced Beyonce" and "Gender Studies" degrees though.

 

I love the way you dismiss the period of the “wreckage” as not belonging to Obama in any way. Why don’t you state the level of the Dow when Obama entered office to what it was the day he left.

Promote an honest discussion.