Donald Trump--King of the Stock Market

[spooky3]

Last edited Sat Jun 27, 2020, 11:24 AM - Edit history (1)

The S&P 500, widely used as the basis for index funds in 401ks, is at about the same level as it was in early October 2018. So, in the last 1 3/4 years, despite huge spending deficits and transfers to corporations, etc., investors haven’t made any gains.

How’s that workin’ for the average employee with a 401k and retirees dependent on reasonable gains?

GW Bush and friends essentially decimated pension plans etc for an entire decade, so people were already below where they should have been by historical averages. If people can’t afford to retire, they have to keep working, which may mean fewer jobs opening up for younger workers.

Trump: Business Genius.

[Under The Radar]

1. For everyone that wanted a businessman for president....

Here’s to you

[spooky3]

2. W also was a "businessman." Nt

[Under The Radar]

3. But does a non-managing partner in a baseball team count as a businessman?

[spooky3]

5. I think the Republicans touted his "business experience" (failed)

when he ran for President. We see how much whatever experiences they had helped both him and Trump.

[malaise]

4. K & R

Stable genius = horse's ass

[spooky3]

6. LOL!!!! nt

[muriel_volestrangler]

7. It's actually about 7.5% above what it was in mid Oct 2018

Now 3009; was around 2800 then. It's still overvalued, when you consider there's a major recession going on.

[spooky3]

8. 2925 on Oct 1 2018 vs 3009 now is essentially nothing IMHO.

[muriel_volestrangler]

9. Oct 1 is not "mid October". It's the start.

You're cherry-picking a date, and then misstating it.

[spooky3]

10. Oh, for heaven's sake. If it will make you happy, I will edit the OP to say "EARLY October."

That simply makes the point STRONGER - that in a slightly LONGER time, Trump's administration has not helped the stock market--as was also true for W.

The "cherry-picking" is BS. I chose an approximate peak in 2018, not a random date or a date to mislead.

The S&P had a good year in 2017, as the Obama economy continued. But it dropped in 2018, did well in 2019, but has lost the gains posted this year and some of the 2019 gains.

[muriel_volestrangler]

14. "I chose an approximate peak in 2018, not a random date" - that's cherry-picking (nt)

[ProfessorGAC]

11. Increase Was 2.6 Under Obama

Up 10.59% in the last 42 months. Went from around 860 to 2260 under BHO. Roughly 260%.
10.59% per year would only be about 240%.
And that's per year. Current performance is 10.59% over 3.5 years.
There's no comparison.

[spooky3]

12. And Trump's is with lots of deficit spending and Fed stimulus to help

address the problems Trump exacerbated by failing to deal quickly and appropriately with the pandemic.

Clinton's record also was much better than that of the later Republicans.

[Calculating]

13. The stock market is very uneven right now

Most stocks are rightfully doing poorly, but a handful of stupidly overvalued tech stocks are making the market look better than it really is. Tsla/Apple/Amazon/FB/NFLX/Google/MSFT/SHOP might as well be the whole stock market at this point.