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