Before Monday’s meltdown, the S&P 500 SPX, -1.45% had registered a gain of 20.9% under Trump compared with a 51.4% rally under Obama for the same number of market days. (This measurements excludes the impact of dividends.)
A CHART TRUMP DOESN’T WANT YOU TO SEE
Right. Obama got the market at the absolute bottom when he was inaugurated. And the first blip the tails off at about day 400 is QE 1. Then the nice bounce after that is the announcement of QE2. Throw a couple trillion into the market. That’ll make it go up. And why exclude dividends? Those are real money.
The Dow was 7,949 on Obama’s inauguration day and it dropped by 17% more to 6,626 on March 6. It took off when the weenies at the FASB reversed their mark to market accounting rule and allowed the Wall Street banks to fake their earnings and their balance sheets. Who says accountants don’t have power?
Great accountants are golden. Don’t ever think I disrespect accountants. They are crucial to everything I do, and probably everything anybody else does. Super important to know where you’re at at all times. I know I drive you nuts generalizing lots of things, but I basically stay on top of numbers pretty hard, you have to. I drive my guys bonkers, because I want numbers fed to me a certain way, not the way they would prefer to do it. Such is life, right?
I guess accountants do not understand the difference between the DOW and the S+P, which is what the chart shows. ?
I ws going to make that point. Obama gotthe benefit ofthe bounceback after 2008. Trump is going to get kicked in the fuck most probably as the bubble pops.
Who cares. Purchasing power is jacked due to manipulation of housing/college/medical markets, and debt is increasing at a rate that the mob would think is reckless.
How about a chart of total credit market debt or the Fed funds rate vs. the years of the Owe-bama administration?
Trump is going to make Obama seem like a damn amateur when it comes to racking up debt. Trump is taking deficit spending to a whole new stratosphere.
Well, the Fed did pull liquidity to crash the market leading into the ’08 election then went from the brakes to keeping their foot on the monetary gas pedal for 8 years after. Trump has tried to counter the current Fed tightening by spending like a drunken sailor. The chart shows the winner.
Really stupid comparison, Obama having inherited a market bottom and Bernanke’s decision to bail every entity in the world out and slash interest rates to nothing.
AND WHAT you dont want us to see is that obummer had 4 rounds of QE, zero interest rates, a complicit media, deep state, and rino republicans and both houses of congress you jackass. NOW, lets play fair…….
i can just say you sham on you … why do you hate trump to this extent???!!!
why do you love trump to this extent? dont tell me its his charisma 🙂