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re: White House and Spicer stop taking credit for stock market as it drops

Posted on 3/22/17 at 9:09 am to
Posted by Haughton99
Haughton
Member since Feb 2009
6124 posts
Posted on 3/22/17 at 9:09 am to
quote:

According to the graph there was a downward spike in early 2009.


2008 and early 2009 was a long downward spike.



quote:

As I previously stated the President has very little to do with the long term trends of the stock market.


Agreed. The stock market during W's 8 year suffered two bubbles bursting that he had very little to do with. The Tech bubble popped at the very end of Clinton's years and the housing pop in 2008.

This post was edited on 3/22/17 at 9:15 am
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
135125 posts
Posted on 3/22/17 at 9:12 am to
Thanks for the link. My phone has AIDS now.
Posted by Haughton99
Haughton
Member since Feb 2009
6124 posts
Posted on 3/22/17 at 9:13 am to
quote:

So Obama can blame Bush but Trump can't blame Obama. That's racist.


Wrong. He's justifiably calling you retarded because you claimed that Obama presided over the "greatest stock market fail since the great depression" even though the complete and total opposite is the truth.

I'm really surprised you showed back up in this thread after a fail post like that. Kudos to you for that.
Posted by RockyMtnTigerWDE
War Damn Eagle Dad!
Member since Oct 2010
105510 posts
Posted on 3/22/17 at 9:13 am to
Suddenly the left looks at Russia as a major geopolitical foe after laughing Romney off the stage saying that very thing. The left unraveling is indeed a thing of beauty.
Posted by League Champs
Bayou Self
Member since Oct 2012
10340 posts
Posted on 3/22/17 at 9:15 am to
So on Nov 7th the NYSE Composite was at 10,416, then on Jan 20th it was at 11,118, and today it sits at 11,385, and that reflects poorly on Trump?

Logic. It fails you
Posted by Texas Weazel
Louisiana is a shithole
Member since Oct 2016
8560 posts
Posted on 3/22/17 at 9:27 am to
The responses from Trump worshippers are full of denial and deflection .
Posted by Dwag4life
Member since Mar 2017
92 posts
Posted on 3/22/17 at 9:29 am to
Downturns in the stock market/economy are and will always be Obama's fault.
Posted by Parmen
Member since Apr 2016
18317 posts
Posted on 3/22/17 at 9:43 am to
quote:

Given that Obama presided over the greatest stock mark fail since the great depression this will be allowed. If anybody should understand front running it would be fans of USC and liberals


My head hurts now.
Posted by Goldrush25
San Diego, CA
Member since Oct 2012
33794 posts
Posted on 3/22/17 at 9:45 am to
Simple. You credit Trump for the rises, blame Obama for the falls. Duh.
Posted by MasonicTiger
Member since Jul 2016
67 posts
Posted on 3/22/17 at 10:10 am to
quote:

Are you retarded?


He's way past retarded.....
Posted by AUveritas
Member since Aug 2013
2923 posts
Posted on 3/22/17 at 10:20 am to
quote:

Wrong.

They said the stock market rose due to confidence in Trump's domestic policies. It fell because he can't be trusted anymore.

The MSM isn't the evil liberal boogeyman you think it is.

I'll even give you evidence:

Link


I'll offer my own evidence:

The market rally has nothing to do with Donald Trump's victory in the U.S. election in November, Maximilian Kunkel, cross-asset strategist, ultra high net worth, at UBS told CNBC on Tuesday.
CNBC

First, before starting on Trump, one must acknowledge that the stock market’s upswing is nothing new. It is rising now for the same reason it has been rising since 2009, which is that the economy has been sneakily strong.
The Atlantic

The rise in stocks since the presidential election on Nov. 8 has been dubbed the “Trump rally” by traders, pundits and financial media—including MarketWatch. That’s nonsense, says one analyst.
Marketwatch

I could continue for hours.
Posted by Bench McElroy
Member since Nov 2009
33972 posts
Posted on 3/28/17 at 7:43 am to
Bump. Dow Jones fell for the eighth day in a row, its longest losing streak since 2011. I guess Wall Street is starting to catch up to the fact that Trump is incompetent and might not be this great boon to the economy that they thought he would be. LINK
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167687 posts
Posted on 3/28/17 at 7:46 am to
quote:

Guess you don't study how markets work





Yea no doubt when I read a Tangerine post I think "this is a guy that understands complicated market info"
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