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Sun Nov 5, 2017, 01:47 PM

 

To Trump Supporters Who Tout the Dow Ind. Avg., Come and See Me When it Hits 54,000

You see, it's the art of the con. Make something look better than it actually is.

I have an annuity. I follow the "market". Increases are not calculated by points, or even dollars per share. It's the percentage of increase that matters.

So, Donald the asshole wants to tout the Dow every chance he gets, before the troops, the boy scouts, rallies, anywhere. Record numbers. No shit. You took office at a record number, so any increase is a record. Try doing it when the market is down 60%.

But I digress. About the 54,000 Dow. President Obama took office with a DJIA of about 6,000. He left office with a Dow at about 18,000. That's a 200% increase (triple, minus my initial investment). If I had $100,000 in the market on January 20, 2009 I would have had $300,000 on January 19, 2017.

So, for Donald the asshole to match that accomplishment by his predecessor, he has to take an 18,000 point Dow and deliver it to 54,000 points in eight years.

You see, if I had $100,000 in the market on January 20, 2017, at 18,000 points, for me to have $300,000, Trump has to have a market of 54,000 points.

So, my Trump enablers, come and talk to me when the Dow hits 54,000.

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Reply To Trump Supporters Who Tout the Dow Ind. Avg., Come and See Me When it Hits 54,000 (Original post)
louis c Nov 2017 OP
PoindexterOglethorpe Nov 2017 #1
louis c Nov 2017 #2
PoindexterOglethorpe Nov 2017 #3
louis c Nov 2017 #4
Yo_Mama_Been_Loggin Nov 2017 #5

Response to louis c (Original post)

Sun Nov 5, 2017, 02:28 PM

1. At the risk of being picky, the DJIA on January 20, 2009, was 7949.

That's rather a bit above 6,000. On January 20, 2017, it was 19,827.25. Started lower, ended higher than you indicate.

But yes, the percentage increase is the key point.

I am also frequently amused by people here who will make panicky posts whenever the market has a bit of a down day and "tumbles" a hundred or so points.

Your own increase in the value of your stocks depends rather specifically on which stocks (or mutual finds) you're invested in.

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Response to PoindexterOglethorpe (Reply #1)

Sun Nov 5, 2017, 03:12 PM

2. You can just buy the Dow.

 

The numbers I used were approximate to make it easier to understand and make my point

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Response to louis c (Reply #2)

Sun Nov 5, 2017, 06:22 PM

3. Are there funds out there that just buy the Dow?

I honestly have no idea. I know different mutual funds puport to mimic different things. Or follow different investing strategies.

Do you worry that the current market is overvalued?

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Response to PoindexterOglethorpe (Reply #3)

Mon Nov 6, 2017, 03:17 PM

4. Yes, It's Called "Index Investing"

 

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Response to louis c (Original post)

Mon Nov 6, 2017, 03:22 PM

5. Usually the S&P 500 is a better economic indicater

Just saying.

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