General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump is already tweeting, so far just bragging about the stock market
Link to tweet
He seems to think the stock market is some sort of magic shield for him.
BumRushDaShow
(129,441 posts)possibly due to participation rate and/or all those previously announced layoffs.
dewsgirl
(14,961 posts)Toss one out. I wonder what kind of distraction we are in for today.
janterry
(4,429 posts)for having to endure Trump and all of his evil, but I suspect it will all crash as his presidency crashes.
It's going up on false hopes........when it comes down it will fall with a tremendous thud.
Renew Deal
(81,871 posts)winstars
(4,220 posts)Is that correct?
Math not my area of expertise let alone the stock market
Ms. Toad
(34,087 posts)Last edited Fri Jan 5, 2018, 07:57 PM - Edit history (1)
Obama's % rise at this point in his presidency is higher than Trumps (I didn't verify the numbers myself, but someone ran them yesterday).
Here's the comparison: http://www.cnn.com/2018/01/05/politics/trump-dow-jones-interactive/index.html
(Scroll down to the chart)
PearliePoo2
(7,768 posts)The corporate pigs are at the trough licking their chops over their tax cuts.
appleannie1943
(1,303 posts)this week.
kydo
(2,679 posts)The system that is generating the crazy high stock market, won't hold. The market can't continue this. No worries it will correct itself, always does.
Liberalagogo
(1,770 posts)n/t
SunSeeker
(51,697 posts)The Dow went from around 6,500 on March 9, 2009, to about 20,000 when he left office on January 19, 2017.
http://fortune.com/2017/01/20/thanksobama-heres-how-stocks-did-during-obamas-presidency/
MFM008
(19,818 posts)He still doesn't get it........
GetRidOfThem
(869 posts)What goes up must come down: please don't feed the birds
Has anyone looked at the p/e ratios of stocks lately? Or done an NPV analysis?
kaotikross
(246 posts)Nor are business owners. There will be few if any "jobs jobs jobs" created because everyone is gonna sit on that extra cash or reinvest it elsewhere for when the implosion comes.. Trump seems to operate in a fantasy world where businesses make profits and always 100% of the time use that for new hires and risky expansion but that is simply not the case. If shareholders are given a choice between A: risky expansion with a possibility of a large payout down the road or B. A an almost-as-large risk-free payout now..what do YOU think they'll pick?
Trump never minded new hires because he was perfectly willing to stiff them anyway. He'd brag that hiring them and then screwing them out of 75% of the promised wage was "good business".
highplainsdem
(49,034 posts)blueinredohio
(6,797 posts)ProfessorGAC
(65,168 posts). . . rather than a slash and burn investor like "it", the trendline of the DOW is still on, statistically speaking, the same slope it was on from 2012 to 2016.
IOW, this is nothing.