... done well under Trump to date.

I think Trump's over-inflated market was destined for a major correction. I think a good part of the current dive is that underlying "correction." His actions are "breaking" the economy, but the effects take time to manifest. Without some "scare" the correction probably would not have manifested until next term (which we are doing everything in our power to make a Dem).

The fact that part of the cause of the tumble is killing people is abhorrent. However, when things smooth out, I don't see us getting back at "trump highs." By the end of the year, I think the market will be a more reasonable level that would be a base for a more moderate, sustainable, upturn.

Of course, this is all speculation. Trying to predict this shit is a crap shoot.

roamer65

(36,747 posts)

5. That's when Dump took office.

Reply to Claritie Pixie (Reply #2)

Mon Mar 9, 2020, 03:09 PM

Mar 2020

Once we get past that level the gains under Dump are gone.

exboyfil

(17,865 posts)

10. To calculate percentage gains

Reply to Claritie Pixie (Reply #2)

Mon Mar 9, 2020, 03:11 PM

Mar 2020

DJIA
Trump right now is at 21%
Obama's 1st term 65%
Obama's 2nd term 45%

Everybody should be posting that on discussion boards.

To get to Obama's level from the 2nd term, the market will have to get to 28,611. I don't see that happening (23,976)

Claritie Pixie

(2,199 posts)

12. Very helpful - thank you.

Reply to exboyfil (Reply #10)

Mon Mar 9, 2020, 03:13 PM

Mar 2020

That context is important.

roamer65

(36,747 posts)

13. +10000000000

Reply to exboyfil (Reply #10)

Mon Mar 9, 2020, 03:19 PM

Mar 2020

gratuitous

(82,849 posts)

17. I did a quick calculation earlier today

Reply to exboyfil (Reply #10)

Mon Mar 9, 2020, 03:52 PM

Mar 2020

At that moment, the DJIA was at 23,768.60. If the market had done as well under Trump as it had under Obama to this date in each man's administration, the DJIA would be at 31,085, more than 7,000 points higher.

brush

(53,908 posts)

18. It was under 8000 when O took over. He presided over a 12000 point rise.

Reply to exboyfil (Reply #10)

Mon Mar 9, 2020, 03:57 PM

Mar 2020

Kaleva

(36,355 posts)

6. Trump was sworn in that day.

Reply to roamer65 (Original post)

Mon Mar 9, 2020, 03:09 PM

Mar 2020

Turbineguy

(37,372 posts)

8. One of the things I've noticed

Reply to roamer65 (Original post)

Mon Mar 9, 2020, 03:11 PM

Mar 2020

CNBC/Bloomberg people say things like "Biggest drop since (some date in 2019)!".

I don't remember the world ending that day.

Wellstone ruled

(34,661 posts)

14. 2017 saw the major change

Reply to roamer65 (Original post)

Mon Mar 9, 2020, 03:33 PM

Mar 2020

in what companies would represent the 30 dow. Manufacturing companies,which was the Dow,were replaced by the likes of Amazon,Apple,Google and Tesla. And with the Tax give away,those dollars went back into Stock Buy Backs causing the group called the FANGS have inflated these stock well above their true value.

Johnny2X2X

(19,137 posts)

15. 24,719 on January 2nd 2018 is the mark he started with!

Reply to roamer65 (Original post)

Mon Mar 9, 2020, 03:44 PM

Mar 2020

Trump's tax policies went into effect on January 1st 2018, His first budget was in effect for a mere 3 months then, and his new policies mostly went into effect January 1st, 2018.

24,719 is what the stock market opened at that day. Trump owns the market from that point forward, Obama owned it prior to that.

exboyfil

(17,865 posts)

20. That is a very good way to look at it

Reply to Johnny2X2X (Reply #15)

Mon Mar 9, 2020, 03:59 PM

Mar 2020

We got the GDP sugar high (and it wasn't much of a high in 2018 of 2.86% GDP growth). It dropped back to 2.3% last year. This year we could very well see Q1 near flat and Q2 negative just on what has been going on the last few weeks.