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

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Member Since: Sat May 17, 2008
In Reply To

Member Since: Sat Feb 25, 2017
Posts: 184
Subj: Re: What's bothering you about Trump?
Posted: Wed Feb 07, 2018 at 12:39:57 pm EST (Viewed 460 times)
Reply Subj: Re: What's bothering you about Trump?
Posted: Mon Feb 05, 2018 at 09:01:21 pm EST (Viewed 784 times)

Previous Post

    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.

To be fair, you are putting a bit more positive spin on this than may be due. Some examiners are also indicating that the market is skittish about potential rise in interest rates too.

A correction is fine and all, but it is a situation at the moment that Trump and the GOP are wrapping themselves in too much. Bragging about everything being so great solely because of your actions (real or not) also puts one on the hook if anything goes wrong.

The market as a whole is not a great way of examining the economy. At best it is correlating but not always.

And the market can also give too much credit, which some argued happened in 2017. Most of that was built on expectation of various actions the administration would take. Some not until the very end. Investors were also unusually brave about various international events that normally would have dragged things down.

The normal economy is doing well by most standards, but it is hard to imagine that is totally on Trump either. Given he was handed the reigns of a greatly improving economy and passed his first economic package in late December that has not gone into full effect for all American's as of yet.

Presidents all like to take credit, Trump more than most, but really the stock market is a crappy judge of things other than how investors feel about things.

Look Raist bunnies...
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