TheDude
Gold Member
Okay "we" get it.........Obama was POTUS during the crash and we had reached rock bottom. What some of our most ignorant misunderstand, it doesn't matter who the POTUS is/was, this is still the USA and it will work its way up again, just as it has and more. The larger the decrease, the more room for recovery, that's just how stuff works. According to some, supposedly "Trump's economy" has been cause for a lesser increase in the market (or even a CRASH) when compared to sir O'bummer. Facts:
Obama calendar year 2015: End of December 2014 (DOW was 18054) to end of December 2015 (DOW was 17425).........A 3.5% decrease.
Obama calendar year 2016: End of December 2015 (DOW was 17425) to end of December 2016 (DOW was 19763).........A 13.4% increase. But stop the presses, the DOW increased 1000 points within a week after Trump's election, and another 1000 before year end. Strikes me Trump's election triggered confidence, and Obama's departure triggered confidence as well.
Trump calendar year 2017: End of December 2016 (DOW was 19763) to end of December 2017 (DOW was 24719).........A 25% increase. On top of that interest rates had risen, which wasn't possible on Obama's watch because the economy wouldn't support it. Then consider the market had already recovered beforehand, and a lot more.
Trump calendar year 2018 to date: End of December 2017 (DOW was 24719) to today (DOW is 24824).........A .004 increase. But interest rates have risen even more this year, which wasn't possible on Obama's watch because the economy wouldn't support it.
I'm no market expert but it's worth mentioning, if points equal dollars the market had been undervalued since at least Bush Jr's term, because the DOW etc. hadn't kept up with inflation. This is one reason why it's so high today, and if you ask me, it's now over-valued.
Obama calendar year 2015: End of December 2014 (DOW was 18054) to end of December 2015 (DOW was 17425).........A 3.5% decrease.
Obama calendar year 2016: End of December 2015 (DOW was 17425) to end of December 2016 (DOW was 19763).........A 13.4% increase. But stop the presses, the DOW increased 1000 points within a week after Trump's election, and another 1000 before year end. Strikes me Trump's election triggered confidence, and Obama's departure triggered confidence as well.
Trump calendar year 2017: End of December 2016 (DOW was 19763) to end of December 2017 (DOW was 24719).........A 25% increase. On top of that interest rates had risen, which wasn't possible on Obama's watch because the economy wouldn't support it. Then consider the market had already recovered beforehand, and a lot more.
Trump calendar year 2018 to date: End of December 2017 (DOW was 24719) to today (DOW is 24824).........A .004 increase. But interest rates have risen even more this year, which wasn't possible on Obama's watch because the economy wouldn't support it.
I'm no market expert but it's worth mentioning, if points equal dollars the market had been undervalued since at least Bush Jr's term, because the DOW etc. hadn't kept up with inflation. This is one reason why it's so high today, and if you ask me, it's now over-valued.
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