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jmowreader

(53,317 posts)

39. Better: Show the Trump cultist these charts

Wed Jan 1, 2020, 05:38 PM

Jan 2020

S&P 500 performance:
https://www.macrotrends.net/2482/sp500-performance-by-president

This is from Fortune Magazine, which Republicans have always found to be reliable:
https://fortune.com/2019/06/03/stock-market-trump-obama-sp-500/

The title of the Fortune article is "S&P 500 has performed far worse under Trump than under Obama."

Reality time: Just quoting the fact that we have "a new record high" is meaningless. If the Dow closed at a "record high" of 29,000 on Friday, and then it closed at 29,005 on Monday, 29,010 on Tuesday, 29,015 on Wednesday, 29,020 on Thursday and 29,025 on Friday, Trump will tweet "the stock market registered five record highs in one week!"...and I will reply "you dumbass, the market rose $25 in one week. If it had done that six years ago, your stumpy fingers would be dancing over your phone demanding Obama be impeached for killing the economy."

Trump has another problem. A stock price chart should look like a bread knife blade on about a 20-degree angle - a gentle rise with a few ups and downs. Trump is thoroughly capable of knocking several thousand dollars out of the Dow in a couple days' time. (I would really love to see a comparison of the people Trump owes money to with short activity in the equities market, because I have a strong suspicion Trump is manipulating the market for the benefit of his creditors.)

Trump is failing to deliver what investors need - high percentages of gain and stability. Combine that with the trade deficit caused by the little worm's ill-advised trade war, and I wouldn't be surprised if the business community rallies around the Democrat next year.

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Highlight:

When a Trump cultist points to the stock market [View all] RAB910 Jan 2020 OP

That's great. Did something similar with a relative over the holidays. Pacifist Patriot Jan 2020 #1

I'm getting to the point where cruelty to assholes is a "normal" response... Wounded Bear Jan 2020 #2

Sometimes you have to be cruel to be kind RAB910 Jan 2020 #3

I Bet You Could Write a Song Along Those Lines! The Roux Comes First Jan 2020 #4

I think you were just pointing out reality to a person who was TNNurse Jan 2020 #5

For someone to be gloating despite his own job loss etc., about the stock market is unreal ... SWBTATTReg Jan 2020 #24

K&R ck4829 Jan 2020 #6

Oh, Sweet Jesus...you have NO idea how close this hits to home in terms of bullwinkle428 Jan 2020 #7

The stock market went up 270 percent under Obama. padfun Jan 2020 #8

Blank stares? I got outright denial. Mister Ed Jan 2020 #9

Yep Cosmocat Jan 2020 #52

When I point that out TheFarseer Jan 2020 #11

The 401K is important, but I try to eat today as well. CaptYossarian Jan 2020 #12

The right-wingers in my family insist that Obama destroyed the economy. smirkymonkey Jan 2020 #20

I know NewJeffCT Jan 2020 #44

You're right that the market did well under Obama, but people don't care about % increases onenote Jan 2020 #45

The inevitable market correction is going to be brutal Politicub Jan 2020 #10

That is why the xxqqqzme Jan 2020 #41

Come out East to GA! You can rent a 1500ft home for about 900.00 oldsoftie Jan 2020 #55

Maybe you could about 15 years ago Politicub Jan 2020 #63

I'm in Mid Ga, so we're a good bit lower than ATL. But Metro IS expensive to us! oldsoftie Jan 2020 #66

That makes sense... Politicub Jan 2020 #67

My husband is from the Bay Area. His best friend moved to Atlanta... Politicub Jan 2020 #64

Friend worked for a privately held company for about 10 years, untill she got cancer. 3Hotdogs Jan 2020 #13

401k is not a good solution for retirement. Joe941 Jan 2020 #14

How so? Would you expand on that point please? irisblue Jan 2020 #25

Because only the rich get them. Joe941 Jan 2020 #33

You HAVE to know thats not true. Over 70% of workers are eligible to have one. oldsoftie Jan 2020 #57

You have to have extra money to do this! Joe941 Jan 2020 #60

You said "Only the rich get them". Thats false. Now you change the subject. oldsoftie Jan 2020 #62

Actually, a 401k is vastly better than no PoindexterOglethorpe Jan 2020 #26

it is the only tools for most people AlexSFCA Jan 2020 #35

I know it is. And so many Moore simply cant participate for many reasons. Joe941 Jan 2020 #36

Obama's stock market did better bucolic_frolic Jan 2020 #15

About the same at this point Major Nikon Jan 2020 #17

Uh, not quite bucolic_frolic Jan 2020 #21

Pretty close Major Nikon Jan 2020 #27

actually, the market did only a bit better in Obama's first year than Trump's first year onenote Jan 2020 #46

The gains in Obama's first year are the same as 2 years under Trump Major Nikon Jan 2020 #48

Most people don't care about the percentage onenote Jan 2020 #49

I don't agree Major Nikon Jan 2020 #50

Most people who invest in the stock market do so through 401Ks or similar arrangements onenote Jan 2020 #54

Percentage increases are given on every 401K statement I have ever seen Major Nikon Jan 2020 #56

Yes they are. onenote Jan 2020 #59

That's just not my experience Major Nikon Jan 2020 #61

This is all I have to say regarding this issue Snake Plissken Jan 2020 #16

K; R CatWoman Jan 2020 #18

It's also like giving a BOGOF coupon for a fancy chain restaurant to a homeless person. Hugin Jan 2020 #19

i really wish some good journalist would find out who is getting rich. mopinko Jan 2020 #22

Yep Cosmocat Jan 2020 #53

That would be good to know ck4829 Jan 2020 #69

Mercedes? sandensea Jan 2020 #23

trump cultists often brag about the "huge" increases in their 401Ks supposedly due to trump. mwb970 Jan 2020 #28

My STUPID BIL tried this on Xmas and I said yeah like it's been doing for the last 10 years and UniteFightBack Jan 2020 #29

And the Auto bailout.... SergeStorms Jan 2020 #32

I had a boss who actually did that to me. murielm99 Jan 2020 #30

LOL DENVERPOPS Jan 2020 #40

Jewellers don't like picking vomit out of Ilsa Jan 2020 #43

It's also worth rebutting their contention that Trump is awesome on stock growth. Snarkoleptic Jan 2020 #31

"And if *you* work really hard... SeattleVet Jan 2020 #34

My Pop who was a farmer always said... Ziggysmom Jan 2020 #37

That's about right! n/t PatrickforO Jan 2020 #38

Better: Show the Trump cultist these charts jmowreader Jan 2020 #39

high percentages of gain and stability. Aussie105 Jan 2020 #47

The only thing keeping the stock market up is the tax break OnlinePoker Jan 2020 #42

A KEEPER! calimary Jan 2020 #51

Pretty much Proud Liberal Dem Jan 2020 #58

2019 was a good year, but barely made up for the steep decline in 2018 wishstar Jan 2020 #65

Good year? Medical bills piling up for me, more debt. Oh... for the stock market. Never mind ck4829 Jan 2020 #68