|Forum - Wall Street Pit
||Stock Due Diligence for All|
|From: franconia (Rep: 108) reply to highyield88||Date: 03/23/2018 23:38|
|Forum: Wall Street Pit - Msg #2726297||Thread #673999534 (Rec: 6) |
|Re: No drama during the Obama years, huh? Guess you're forgetting the 10-20%...|
Quoting statistics from Forbes.
"When Barack Obama was sworn in as the 44th president of the United States on January 20, 2009, the U.S. stock market was in free fall. Eight years later, the S&P 500 index has risen to 2,274 points after one of the great bull runs in stock market history. With Obama as president, the U.S. stock market, as measured by the S&P 500, returned 235%."
I was wrong in my first post, Obama years saw a 235% return. Yes it did take some pullbacks, if that's the "drama" you're referring to. Sure there were pullbacks, but as you can see in this chart comparing tenures there's a little too much bragging in the White House.
For fun, here is a graph comparing S&P500 returns (ex-dividends) under Presidents Trump and Obama:
Click on graph for larger image.
Blue is for Mr. Obama, Orange is for Mr. Trump.
As of Thursday (yesterday before Fridays drop), the S&P500 is up 16.4% under Mr. Trump - compared to up 44.8% under Mr. Obama for the same number of market days.
Besides my comment was about Trump's daily bragging about "the highest market ever in history" which no President from the opening of NY Stock exchange in 1817 has been compelled to do with so much insecurity (every pun intended).
I think we should be paying down the balance sheet instead of running up more public debt. We'd be a stronger nation in the long run, less vulnerable to economic blackmail.
| Reply to highyield88 - Msg #2726293 - 03/23/2018 20:26|
Re: No drama during the Obama years, huh? Guess you're forgetting the 10-20% pullbacks in 2010, 2011, 2014, and 2016.
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