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Here are the closing stock market figures for election day 2016, and today's close.
Ten Thousand points on the DOW in three years! Dang that Donald Trump!!
Ten Thousand points on the DOW in three years! Dang that Donald Trump!!
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Imagine if he had anything to do with it?
Deficit spending fallout will be around long after you're dead.Last edited by Roadkingtrax; 11-15-2019, 02:31."The first gun that was fired at Fort Sumter sounded the death-knell of slavery. They who fired it were the greatest practical abolitionists this nation has produced." ~BG D. Ullman -
If ya get out of the market in two years you might be laughing .... but let's see what ya got to say in four....
but as has been mentioned in a post above .... I thought we were supposed to be concerned about the deficit... guess I was wrong.... trickle down... just like "Ron" taught usComment
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I wonder if Trump owns Apple stock.Comment
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S&P 500 in the first 701 trading days of presidencies from S&P Historical Data
Anecdotes are not data
Ronald Reagan +26%
George H W Bush +36%
Bill Clinton +33%
George W Bush -22%
Barack Obama +60%
Donald Trump +34%
Presidents by term - increase or decrease
1st term 2nd term
Ronald Reagan
+30% +67%
George H W Bush
+51%
Bill Clinton
+79% +73%
George W Bush
-12% -31%
Barack Obama
85% +53%
Donald Trump (current)
34%Comment
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The % increase after obama is mostly due to recovery of the crash the day after the election.
While the markets plunged after obama's election they surged after Trumps election.
You can trend back with this link but I remember it well.
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GS you must not own stock based on your account of what went down in 2008.Comment
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Been in it since 1992 where all my IRA funds went. Was able to retire @ 57 and then started individual accounts so I kinda "DO" own stocks.
My funds were locked in through the company I worked for when obama got placed into office in 2008 otherwise I would have done a stop loss and re-invested later.
Like I said. I remember the crash well.
Very dark times for America. Pun intended or not---I don't care.Last edited by Gun Smoke; 11-17-2019, 09:15.Comment
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Bad news in the economy swamped the election results that week.Comment
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The overall percentage should be noted, not that it's at a high...but percent from date to date. In this example Trump is as favorable to the markets as Obama was, and possibly HRC."The first gun that was fired at Fort Sumter sounded the death-knell of slavery. They who fired it were the greatest practical abolitionists this nation has produced." ~BG D. UllmanComment
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Your assertion of cause-and-effect between Obama's election and the stock market that week is also unpersuasive. Residual ODS, perhaps. In any case you more than made it back during his presidency, unless you made some ill-timed moves. If you stayed in and dollar-cost-averaged, you did fine.Last edited by togor; 11-17-2019, 12:32.Comment
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Luckily it was short lived and I recovered. I would have made more money though had the market not crashed. Remember, I said I was locked in at the time. Investors never know how long or how severe a dip, crash or recession is going to be as far as buying and selling stocks.
More than anything else the market was a reflection of the shock of it all.Comment
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