20 Oct 2017 8:28 pm
So they invest on feelings and hope. Got it.roadkill » 20 Oct 2017 4:15 pm » wrote:People invest on sentiment and future expectations. Like the tax cuts Trump is pushing for.
I would have ignored it like you did when it went up under Obama.roadkill » 20 Oct 2017 4:15 pm » wrote:BTW...if the market had gone down after Trump was sworn in, what would the left have said?
When Obama assumed office, the U.S. economy was in financial turmoil. The Dow fell precipitously during the first months of his presidency, ultimately bottoming out in March 2009.
Once the stock market stabilized, it went on to experience the second-longest bull market in U.S. history, a trend that continues today.
The Dow closed at about 7,949 on Inauguration Day in 2009, and about 19,732 on Obama’s last full day in office.
This represents a 148 percent increase over eight years.
http://checkyourfact.com/2017/08/02/fac ... der-obama/