Dave Galanter
December 1st 1969 - December 12th 2020
He was loved.

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Member Since: Sat Feb 25, 2017
Posts: 184
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Location: St. Louis, MO
Member Since: Sat May 17, 2008
Posts: 12,418
Subj: Re: What's bothering you about Trump?
Posted: Mon Feb 05, 2018 at 09:01:21 pm EST (Viewed 783 times)
Reply Subj: Re: What's bothering you about Trump?
Posted: Mon Feb 05, 2018 at 12:11:33 pm EST (Viewed 804 times)

    FINALLY! A Trumpster admits the stock WAS climbing under Obama. By the way, the stock market doesn't really affect the majority of Americans.

What is a "Trumpster"? Calling people odd names doesn't promote discussion, it tends to shut down discussion. As a moderator, you should set a better example for this board. I've mentioned that to you before.




Yes, the stock market was increasing under Obama, but the *rate* of increase significantly increased once Trump was elected.

The market was hit with additional corrections today, with Apple, Netflix and Alphabet being among the hardest hit. Last week also saw some rising bond yields, which tends to negatively impact stocks. But overall the market is still way up.

In response to your statement that the stock market doesn't affect the majority or Americans, it probably affects more than most realize. In addition to those with direct investments, millions of people have a 401K plan through their employer, millions have retirement pensions which are invested in the stocks, and many more have employee stock options or profit sharing plans. An increasing stock market is also one sign of a healthy economy, which translates to additional jobs, and increasing salaries.

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