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Posted on 3/22/17 at 7:50 am to LSUTANGERINE
quote:Indeed.
Suddenly, it's not right to do that.
LMAO
After previously taking credit, that was just silly
Posted on 3/22/17 at 7:52 am to LSUTANGERINE
I don't ever give the president credit or blame for the stock market. Maybe he can influence some short term gains or drops due to confidence but he has very little influence on long term trends. That has much more to do with congress.
Posted on 3/22/17 at 7:54 am to NC_Tigah
Trump can do no wrong in a Trumpkins eyes.
Posted on 3/22/17 at 7:56 am to boogiewoogie1978
quote:
Trump can do no wrong in a Trumpkins eyes.
He can also do no right in a liberal hack's eyes like yours.
Posted on 3/22/17 at 7:57 am to Crow Pie
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
I just want to point out that this post has multiple upvotes on this board. Just wow ??
Posted on 3/22/17 at 7:57 am to LSUTANGERINE
In any case, it's likely that the stock market will tumble with the Federal Reserve upping interest rates. Like another poster said, it has very little to do with the POTUS.
Posted on 3/22/17 at 7:58 am to boogiewoogie1978
quote:
Trump can do no wrong in a Trumpkins eyes.
Another Little Rock leftist.
Posted on 3/22/17 at 8:00 am to SDVTiger
Great comeback, guy. Please tell me why any reasonable person should trust Trump/Spicer?
Posted on 3/22/17 at 8:02 am to cahoots
quote:If you look at the graph you'll see that technically it was at its lowest point just after he was elected. That low point was just a reaction to him being elected and really had nothing to do with the overall upward trend of the market.
I just want to point out that this post has multiple upvotes on this board. Just wow
Posted on 3/22/17 at 8:19 am to GeauxxxTigers23
quote:
If you look at the graph you'll see that technically it was at its lowest point just after he was elected. That low point was just a reaction to him being elected and really had nothing to do with the overall upward trend of the market.
What?
The already floundering market waited several months after the election to react to Obama's presidency?
Does Obama also get credit for what came next? One of the greatest run ups in history...
If you want to get technical about it, Obama technically presided over one of the greatest stock market runs in history, without factoring in the unusual conditions.
This post was edited on 3/22/17 at 8:23 am
Posted on 3/22/17 at 8:21 am to LSUTANGERINE
Jesus. Literally EVERY SINGLE ADMINISTRATION DOES THIS.
Maybe I'm just jaded, but the president is a politician and all politicians spin things so they look good. You can scream drain the swamp as many times as you want, but he will still end up doing plenty of politician things.
Maybe I'm just jaded, but the president is a politician and all politicians spin things so they look good. You can scream drain the swamp as many times as you want, but he will still end up doing plenty of politician things.
This post was edited on 3/22/17 at 8:24 am
Posted on 3/22/17 at 8:24 am to cahoots
quote:According to the graph there was a downward spike in early 2009.
The already floundering market waited several months after the election to react to Obama's presidency?
quote:No. As I previously stated the President has very little to do with the long term trends of the stock market.
Does Obama also get credit for what came next? One of the greatest run ups in history...
Posted on 3/22/17 at 8:29 am to Crow Pie
You are retarded.
Posted on 3/22/17 at 8:31 am to AUveritas
quote:
While the MSM, who refused to give Trump any credit for the big gains, suddenly blame him for any dips.
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
This post was edited on 3/22/17 at 8:35 am
Posted on 3/22/17 at 8:36 am to LSUTANGERINE
The Market drop is because investors fear that Trump's Health Bill may fail tomorrow; which will throw a wrench in Tax Reform. Simple as that.
If the Bill passes...the Market jumps 750 points minimum up front.
If the Bill passes...the Market jumps 750 points minimum up front.
Posted on 3/22/17 at 8:39 am to GeauxxxTigers23
quote:
According to the graph there was a downward spike in early 2009.
Man, great analysis. I stand corrected. The stock market dipped a few months after Obama took office. Must have been him. Do you trade stocks for a living?
This post was edited on 3/22/17 at 8:40 am
Posted on 3/22/17 at 9:04 am to cahoots
quote:My post above clearly states that while the market will momentarily react up or down based on the the President the overall market trends tend to ignore the president. So Obama gets credit for the initial drop in the market in 2009 but not the overall market growth under his presidency. Likewise Trump gets credit for the spike in the market following his election but won't get credit for the overall trend the market takes over the course of his presidency.
The stock market dipped a few months after Obama took office. Must have been him
Posted on 3/22/17 at 9:06 am to jeff5891
quote:So Obama can blame Bush but Trump can't blame Obama. That's racist.
Given that Obama presided over the greatest stock mark fail since the great depression this will be allowed
Are you retarded?
Posted on 3/22/17 at 9:08 am to GeauxxxTigers23
quote:Well that's a mistake in some circumstances. This would be one. Trump proposed corporate tax revisions. If enacted, those reductions would obviously change earnings and P/E ratios. That in turn alters stock valuation. So the market (stock prices) rose in anticipation of revaluation. It has no basis in partisan appeal. It is simply a matter of less tax liability equating to increased earnings.
I don't ever give the president credit or blame for the stock market.
Now, in terms of yesterday, who knows what event or combination of events drive an individual day performance. One thesis floated was markets declined based on difficulty getting the AHCA passed. Fear is that AHCA failure might also translate to not passing tax reforms. But with nearly 5 straight months of market inclines, we are due for a pullback anyway. So it may just be time.
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