When the idiot George Bush was finished ruining America, the stock market had declined over 26% during his two terms.
Under President Obama, the market had recovered and soared 235%, or 16.4% annualized.
Although I wasn’t a fan of Obama, the stock market marveled under his grace. Truth be told, any investor worth his salt will tell you the fate of markets has little to do with its elected leaders, more to do with the Federal Reserve.
Obama inherited a disaster, born in the housing crisis, that dated back to the Clinton administration. Once that bubble popped, Bush got left holding the bag. Obama merely presided over its recovery and subsequent reflation. He literally did nothing.
This was the real hero.
Six months into Trump’s term and the S&P 500 is at a new record high, +10% — and he’s taking credit for each and every tick. Can someone say “jinx”?
If Trump is lucky, the Yellen Fed will grant him respite and stop tightening rates, permitting stocks to run higher. Or, they might do to him what Greenspan did to Bush — hike rates 17 times until the bubble popped.
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If Yellen raises and the bubble pops on Trump’s watch, he will begin calling her Stock Crasher Yellen.
This is not new but maybe he said it again recently
Peter Schiff On Trump ‘Owning The Stock Market Bubble’: “The Fed Now Has Their Fall Guy”
I remember that during the election campaign, Trump making comments about Main St over Wall St. Since he’s been President, he and his support media (AKA Alex Jones) have not stopped talking about Wall Street.
Trump is working hard to create a positive psychology/attitude/environment for American business with carrot-and-stick investment policies and by removing regulations. It appears to be working.
Do corporate financials justify these share valuations, however? That’s another matter.
He would be better off ignoring the markets entirely and focusing on the small Mom and Pop business sector. Markets go where they will, but Mom and Pop are the backbone of the nation.
I’m superstitious, so to me a jinx is coming and Trump will live to regret it.
Looks like Trump will take credit for Apple earnings tomorrow.
I could write a book about how wrong your historical recap is in this post. The idiot Bush administration was not some innocent left holding the bag from the (far superior) Gingrich/Clinton administration.
Fucking vegetarians.
ferd – no you couldn’t
Ferd
Prove me wrong faggot.
You can’t.
The FED will crush the market little by little rate increase until we get the war Albert Pike planned a long time ago, WW3.
https://tinyurl.com/rbga3
“If Trump is lucky, the Yellen Fed will grant him respite and stop tightening rates, permitting stocks to run higher”
The control on indexes is independent. That’s been ‘proven’ now. Rate raise or death of qe has not or never changed the master algo programs on indexes. And i.e. those controlling it were ready on the last rate raise, and, the historically weak months of June/july as outlined by fly were, of course, defied by the forced-programming as well, and, Fed keeps saying their valuation lines (“valuation is “concerning””) yet the manipulations…continue, ……permitting stock to run higher? Ha, I don’t think the one-world government elite need permission to run the stock market higher…… they are
Why does the fed always bring out the crazy in people?
Over/under on the Fed pegging the 30 year to 0% = 10 years.
Place your bets.
The root cause is extraordinary low inflation bordering on deflation. That is why valuations can be where they are. Forget the Fed, they have failed with their arsenal.
True that!
Wow, everyone here’s a god damn genius who knows exactly why the market did what it did, does what it does and who is responsible for all of it. Bravo. I’m sure you all used this knowledge to profit handsomely and fund your progeny’s retirement several generations over.
Trump taking credit for the market run is the hallmark of a jackass, taking personal credit for anything less than 6 months into a job is by definition an asshole.
As a matter of fact, asshole, most of us here made lots of coin off the Fed.
Your drivel is meaningless
That I don’t doubt, yourself included. This is the biggest bull of most of our lifetimes. And while I agree that elected leaders have little influence beyond cohesion and broad economic policies, “not fucking up” is also to be commended. Obama just did not fuck up. There were losers and winners, but for the most part quality of life has improved, unemployment gone way down, and business and innovation have been booming. The fed is by far the largest factor in this bull, by way of saving the financial system and ZIRP policies, but I haven’t seen much of Fed-driven analysis of market movement and/or investment strategies on this blog for the last 2 years. Alt-right politics on the other hand have enjoyed an extraordinary performance.
“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.” -Woodrow Wilson, after signing the Federal Reserve into existence
Wilson the progressive traitor and his crocodile tears. May worms and rats defecate over his rotted remains forever.
Don’t you remember classic Maxine Waters saying there’s nothing wrong Fannie Mae, and there’s nothing wrong with Freddie Mac?
Trump needs to dial it down, but he won’t. I respect people who downplay their successes to “luck”, and take personal responsibility for when things don’t go well. But with Trump, there’s really no doubt, he wants all the credit for the good things and doesn’t own any of the chaos he brings upon himself.
????
All thumbs up