Aka, Grandpa’s blog … An emotional purgative for our world's cultural excesses.
Wednesday, February 12, 2020
Today’s Poser
Would you exchange even half the gains you have enjoyed in the stock market (inc. IRAs, 401Ks) since the day Trump was elected ... for a guarantee that he would not be re-elected in November?
I'd rather vote for anyone nominated (even Al Sharpton!) against Donald Trump in November. Your question slyly and incorrectly assumes that the only reason the market has been strong is attributed to Trump's presidency. Actually, stock market gains that started under Obama have continued for ten years not just three. Rich people are richer, Corps are richer, most non-seniors in the middle are not heavy in the stock market and are NOT richer. They will be voting in November.
Trump saw a surge of 1568 on the DJIA between election day and inauguration while Obama had a retreat of 1190. Factor that into Trump after 37 months showing 48.89% gain where Obama had 61.9%. You can do the math. I'll spot you 5% and you still are wrong.
Would you have done the same for Obama who experienced even better gains than Trump at this point in his presidency?
ReplyDeleteI'd rather vote for anyone nominated (even Al Sharpton!) against Donald Trump in November.
ReplyDeleteYour question slyly and incorrectly assumes that the only reason the market has been strong is attributed to Trump's presidency.
Actually, stock market gains that started under Obama have continued for ten years not just three.
Rich people are richer, Corps are richer, most non-seniors in the middle are not heavy in the stock market and are NOT richer. They will be voting in November.
Two delusional never-Trumpers ... refusing to answer the Poser.
ReplyDeleteNumbers just might bear truth https://www.macrotrends.net/2481/stock-market-performance-by-president
ReplyDelete“From the day he was elected”! Not inaugurated. You going to give this bit to Obama?
ReplyDeleteTrump saw a surge of 1568 on the DJIA between election day and inauguration while Obama had a retreat of 1190. Factor that into Trump after 37 months showing 48.89% gain where Obama had 61.9%. You can do the math. I'll spot you 5% and you still are wrong.
ReplyDeleteOccam's razor: The most reliable indicator is 10 year chart of stock market performance.
ReplyDeleteThat slope shows a steady climb. not a 3 year jump.
So answer my question pilgrims ... will you give up half your gains to get Trump defeated?
ReplyDeleteI already started moving to cash and bonds
DeleteI already started moving to cash and bonds
DeleteSo you can donate half your gains to Tulsi Gabbard?
ReplyDeleteIts just a sophist argument posed as a question. Cheap trick that none of your 3 or 4 gentle readers will be sucked into.
ReplyDeleteIf only Tulsi would have me...
ReplyDelete