Stocks are up 31% in Trump's presidency. At this point under Obama they were up

[CC27]

IronLionZion (28,011 posts)


Stocks are up 31% in Trump's presidency. At this point under Obama they were up 69%

 
https://www.cnn.com/interactive/2019/business/stock-market-by-president/index.html

President Donald Trump has repeatedly pointed to the stock market as one of the best ways to measure his administration’s policies. Even amid global fears about coronavirus, he tweeted on February 24, “Stock Market starting to look very good to me!”

In the days that followed, stocks declined significantly, paring back some of the gains Trump had previously celebrated. On February 27, the S&P 500 declined 4.4%, its worst day since August 2011.

Overall, during his presidency, the S&P 500 has gained 31% from inauguration day through the market close on February 27. (Just a month earlier, that number was 45%).

How does that gain stack up to stock performance at the same point in other modern presidencies? (781 trading days, to be exact).

Stocks were stronger under Barack Obama as they recovered from the depths of the financial crisis, with the S&P 500 up 69% at this same point in his presidency. And they were far weaker under George W. Bush, down about 14% in the aftermath of the dot-com boom and bust.

CNN Business updates this tracker periodically.


69 will always be sexier than 31

It's douchebag's only measure of success that he boasts about, and he's failing badly. This needs to take him down finally.

Lots of good graphs and charts at the link that will enrage him. For example, George HW Bush had better numbers and he lost reelection to Bill Clinton. If Americans feel like the economy isn't working for them, they will be open to new management.

https://www.democraticunderground.com/100213027343

Its called quantitative easing asshole. It was all fake under obozo.

[SVPete]

What IronLionZion fails to mention is that stocks started tumbling in mid September, 2008, http://dowjonesclose.com/2008.html . A tumble that continued into (at least) January, 2009, http://dowjonesclose.com/2009.html . So a significant portion of that "69%" is recovering to where it was at the beginning of September, 2008.

On the other hand, Trump's "31%" was not preceded by a ~4000-point tumble in the 4 months before he took office.

[Ralph Wiggum]

Easy to cherry pick data that backs up your argument and create a meme.

In the real world, crap like that is so easily debunked as SVPete has mentioned above.

[SVPete]

Easy to cherry pick data that backs up your argument and create a meme.

In the real world, crap like that is so easily debunked as SVPete has mentioned above.

Context matters, whether in interpreting text or historical events. That someone not involved in financial industries like me could spot the data selectivity shows how pathetically obvious it was.

What the Snoopy-dancing DU-Morons haven't figured out is that in a week or a fortnight or a month Wall-Streeters will all but certainly notice the sky hasn't fallen and people haven't been dropping in the streets like flies. And then the stock market will begin to rebound, to the dismay of DU Snoopy-dancers.