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re: DOW closes down 720 points after Trump's China tariffs
Posted on 3/22/18 at 4:47 pm to WXman
Posted on 3/22/18 at 4:47 pm to WXman
Trump fans praise him for what he's done for the economy, yet if we look at the stock market and compare him and Obama at the same point during their Presidency:
On Obama's Inauguration day, the stock market was at 7949. On March 22nd, 2011, the stock market closed at 10888. The stock market made gains of roughly 36% for this timeframe.
On Trump's Inauguration day, the stock market was at 19827. Today, it closed at 23957. That shows an increase of 21%.
Pretty good, but not nearly on Obama's level. Hopefully, he can stem the tide, as the Dow is now flat for the last 3 months.
On Obama's Inauguration day, the stock market was at 7949. On March 22nd, 2011, the stock market closed at 10888. The stock market made gains of roughly 36% for this timeframe.
On Trump's Inauguration day, the stock market was at 19827. Today, it closed at 23957. That shows an increase of 21%.
Pretty good, but not nearly on Obama's level. Hopefully, he can stem the tide, as the Dow is now flat for the last 3 months.
1
Posted on 3/22/18 at 10:47 pm to Dignan
quote:
Pretty good, but not nearly on Obama's level. Hopefully, he can stem the tide, as the Dow is now flat for the last 3 months.
Come on dude, one cannot compare the rise post recession to one that isn't. Of course the market will increase more directly following a recession. It had too!
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