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ProfessorGAC

(65,079 posts)
Mon Mar 23, 2020, 12:38 PM Mar 2020

DJIA Clarity As of 12:32 EDT

The Dow is up 207 points from where it was on Election Day 2016.
This is 1.29% over 41 months!!
This is 0.84% annualized!
As a reminder, the Dow rose under BHO at an average of 12% per year.
Are the "he's a businessman" folks tired of winning yet?

12 replies = new reply since forum marked as read
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DJIA Clarity As of 12:32 EDT (Original Post) ProfessorGAC Mar 2020 OP
Let's compare apples to apples, theoretically Shanti Mama Mar 2020 #1
False. 2009 H1N1 Pandemic. Do your research. W_HAMILTON Mar 2020 #2
I'm not going to get into it with you. Shanti Mama Mar 2020 #3
You said "Obama did not face a pandemic" -- you were wrong. W_HAMILTON Mar 2020 #5
Obama dealt with swine flu, h1n1, and ebola outbreaks Recursion Mar 2020 #4
Can't Fully Agree ProfessorGAC Mar 2020 #6
This message was self-deleted by its author HarlanPepper Mar 2020 #7
Y'all I'm so tared of winnin I cain't stand anymore nt doc03 Mar 2020 #8
If tRump doesn't resign yesterday or before, you're gonna get some relief! lastlib Mar 2020 #9
I'm a hopen Sorry I don't mean to make fun of country folks but doc03 Mar 2020 #10
Another Update ProfessorGAC Mar 2020 #11
This market is being driven by oil MoonlitKnight Mar 2020 #12

Shanti Mama

(1,288 posts)
1. Let's compare apples to apples, theoretically
Mon Mar 23, 2020, 12:58 PM
Mar 2020

I'm all for critiquing the man in the white house, but Obama did not face a pandemic. Had he done so, he, too, would probably have seen a fall in the market. He would have managed all this way, way, WAY better, but he isn't god.

Shanti Mama

(1,288 posts)
3. I'm not going to get into it with you.
Mon Mar 23, 2020, 01:02 PM
Mar 2020

H1N1 was had different data.

Had the covid 19 played out under Obama the market would have gone down. That's my point.

W_HAMILTON

(7,869 posts)
5. You said "Obama did not face a pandemic" -- you were wrong.
Mon Mar 23, 2020, 01:07 PM
Mar 2020

And since you didn't bother to read the article I provided you, here is one of the most important parts, since you seem to be downplaying that pandemic:

From April 12, 2009 to April 10, 2010, CDC estimated there were 60.8 million cases (range: 43.3-89.3 million), 274,304 hospitalizations (range: 195,086-402,719), and 12,469 deaths (range: 8868-18,306) in the United States due to the (H1N1)pdm09 virus.


Now, if you want to claim that the market would inevitably go down at least some due to this pandemic, that is understandable. But there is no doubt that a competent Democratic administration (redundant, really) would have been in much better shape to combat this virus in our country and they wouldn't watch the DJIA drop 500-1000 points every time they go out and speak.

What we are watching most certainly was NOT inevitable. It is the result of having an ill-qualified, out-of-his-league, narcissist reality show host as president.

Recursion

(56,582 posts)
4. Obama dealt with swine flu, h1n1, and ebola outbreaks
Mon Mar 23, 2020, 01:04 PM
Mar 2020

and because he hadn't destroyed the CDC they did not become pandemics.

That's kind of the point.

ProfessorGAC

(65,079 posts)
6. Can't Fully Agree
Mon Mar 23, 2020, 01:07 PM
Mar 2020

First, he started with the worst economic condition in 75 years. So, it's not like those policies merely stepped on gas of the economic engine.
Second, there was H1N1. But, it wasn't mishandled so it didn't create this kind of panic selling.
Third, the economic underpinnings of super cheap money and tax reductions during a period that did not require stimulation created a situation ripe for a substantial correction.
Given 1 & 2, I don't think CV19 is a very strong excuse.
Given #3, the pandemic was a fuse & accelerant.
The comparison is more apt than you suggest.

Response to ProfessorGAC (Original post)

doc03

(35,351 posts)
10. I'm a hopen Sorry I don't mean to make fun of country folks but
Mon Mar 23, 2020, 02:03 PM
Mar 2020

that is what I hear from my WV neighbors.

ProfessorGAC

(65,079 posts)
11. Another Update
Mon Mar 23, 2020, 03:34 PM
Mar 2020

At 3:29 EDT, it was 18,333.7. It closed on election day 2016 at 18,332.7
One point in 41 months.
Hoping very few people within 10 years of retirement didn't heavily invest in index funds exclusively

MoonlitKnight

(1,584 posts)
12. This market is being driven by oil
Mon Mar 23, 2020, 03:55 PM
Mar 2020

The Saudi v. Russia price war is a bigger shock than covid-19. The market was not making these huge moves prior to the substantial drop in oil prices. Add mismanagement of covid-19 and you get the disaster we see today.

We had an 11 year bull market. Pumped up by cheap money, lower taxes for the rich and lower regulations. This bubble was going to pop anyway.

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