Moonglow
Diamond Member
They screwed the pooch with their jumbling of favorites to win.The DJI was up 5.17 points today! That is a win compared to the last 4 months
I guess you're new to investing, or have never invested. You can't just go by a few days or a month or two. Since Trump took office, the stock market has doubled its performance compared to how it did during Obama's last two *years,* and Trump has only been in office 16 months. It's gained over 4,000 points since January 2017, but it gained fewer than 2,000 points during Obama's last two years.
Is it so hard to admit that investors were encouraged by a president who was ardently pro-business and anti-over-regulation? Is that really so hard to grasp?
If you had a clue about investing you would know you never talk points, it is always percentages.
Why compare his last years to Trump's first years? Why not compare the same time at the start of each Admin...
On May the 3rd of Obama's 2nd year in office the DJI had rate of increase from the day he took office of 40.29%
On May the 3rd of Trump's second year in office the DJI had a rate of increase from the day he took office of 20.69%
Investors were encouraged by a pro-business president, till he started to actually make decisions. Then the wheels came off.
From the day the Trump signed the tax cut bill to today, the DJI has a rate of growth of -3.65%.