Trump’s stock market rally is very good, but still lags Obama and Clinton

[90DayFinancier 910]

https://www.washingtonpost.com/business/2019/12/28/trumps-stock-market-rally-is-very-good-still-lags-obama-clinton/

By Heather Long 

December 28, 2019 at 7:00 AM EST

U.S. stocks are closing out a terrific year and President Trump loves it. He’s bragged about the stock market hitting record highs six times this week alone on Twitter.

On Friday, be boasted “Trump stock market rally is far outpacing past U.S. presidents,” and he vowed that the “BEST IS YET TO COME!” Trump is making the economy and stock market a key focus on his reelection campaign. He often likes to claim this is the “best” or an “unprecedented” scenario, even when that is not the case.

While the stock market has performed well under Trump, it is not an unprecedented performance. Trump’s stock market returns still lag behind Obama and Clinton at this point in their first terms.

 

 

[90DayFinancier 910]

Maybe I should have put this in the "Trump wins again" thread, because third place is still wining.😁

 

 

 

[Voice of Reason 10,298]

Maybe you should post facts instead of wishes.  Anyone who thinks the DOW and S&P is NOT higher today than ever in history needs serious help.

 

They are not called "record highs"  because people are smoking weed while spinning vinyl.

 

https://www.marketwatch.com/story/dow-poised-to-extend-climb-as-year-end-holiday-rally-takes-stocks-to-record-heights-2019-12-27

[90DayFinancier 910]

Very clearly the article refers to returns and not the actual index value.

 

Investors care about returns. The number of an index is just an indicator. 

 

If one had read further in the article;

 

"The Dow Jones industrial average has gained about 45 percent since Trump was sworn in nearly three years ago. The Dow was up about 53 percent at this point in Obama’s presidency and a whopping 57 percent in Clinton’s early years in office. How much credit presidents deserve for market gains — or losses — remains a big debate, but Trump points to the stock market frequently as a barometer of how he’s doing as president."

 

The key take aways should be: 1.Presidents do not drive month over month stock market returns, their policies may not be felt for 5 years.

2. In the case of Clinton you saw overheating in the market that eventually resulted in a crash that took years to recover from only to face another more serious crash.

3. The stock market is not the economy.

4. Most Americans are not directly benefiting from a robust market and are not directly impacted in a down market. For most Americans, their house is their largest asset base.

Edited December 28, 2019 by 90DayFinancier

[Crazy Cat 41,865]

https://www.cnbc.com/2019/12/26/trumps-stock-market-rally-is-far-outpacing-past-us-presidents.html

[Nature Boy 2.0 8,370]

9 minutes ago, missileman said:

https://www.cnbc.com/2019/12/26/trumps-stock-market-rally-is-far-outpacing-past-us-presidents.html

Facts and what not. Dont let them interrupt a Obama love fest 

[Nature Boy 2.0 8,370]

41 minutes ago, 90DayFinancier said:

Maybe I should have put this in the "Trump wins again" thread, because third place is still wining.😁

 

 

 

If you had peeked at that thread,  you would know its not true

[90DayFinancier 910]

19 minutes ago, missileman said:

https://www.cnbc.com/2019/12/26/trumps-stock-market-rally-is-far-outpacing-past-us-presidents.html

Both articles are correct

 

"The S&P will have to gain about 6% in 2020 to beat the average presidential return." - returns under Trump are above average

 

"The Dow Jones industrial average has gained about 45 percent since Trump was sworn in nearly three years ago. The Dow was up about 53 percent at this point in Obama’s presidency and a whopping 57 percent in Clinton’s early years in office"

 

How one chooses to slice the number is up to them.

 

[Burnt Reynolds 5,058]

EPS also isn't comprehensive in how the economy is doing, that's just how certain corporate investment is (whether singular or indexing), as in, the financing portion of cash flow -- this Finance area is often where the USA tends to pitch the highest deficits. Another major signal of a healthy economy (one I find far more important), in all businesses, is their comprehensive investment and operational cash flow, which Trump is taking care of by bringing jobs back, the significant investments in employment, facilitating more circulating cash within the United States rather than cash outflow (especially in investment/operations). Trump is a cash flow guy, and knows exactly how this works, which is why those with their head on their shoulders appreciate Trump's success, because it's the United States' success. Others, are just others.

 

 

Edited December 28, 2019 by Burnt Reynolds

[90DayFinancier 910]

Trump is soooo much a cash flow guy. 🙄 That's why the Atlantic City casinos generated sooo many bankruptcies. 

 

[Voice of Reason 10,298]

Smart people understand why bankruptcies happen.

 

See also:

Delta

GM

United Airlines

American Airlines

 

More recently, in 2018:

 

Kmart

Sears

David's Bridal

Nine West

Brookstone

Remington

Mattress Firm

Gibson

Hobbico

Rockport

Several grocery stores

[Burnt Reynolds 5,058]

1 hour ago, ALFKAD said:

Smart people understand why bankruptcies happen.

 

See also:

Delta

GM

United Airlines

American Airlines

 

More recently, in 2018:

 

Kmart

Sears

David's Bridal

Nine West

Brookstone

Remington

Mattress Firm

Gibson

Hobbico

Rockport

Several grocery stores

Hey hey hey, here's one company that went bankrupt, ahahahahaha.. even though Trump owns 150+ companies.. ahahahaha.

 

 

[Dashinka 24,505]

2 hours ago, 90DayFinancier said:

Trump is soooo much a cash flow guy. 🙄 That's why the Atlantic City casinos generated sooo many bankruptcies. 

 

I think there is a lot more behind the failures of Atlantic City casinos, so if that is your example, you may want to look further.

[Burnt Reynolds 5,058]

1 minute ago, Bill & Katya said:

I think there is a lot more behind the failures of Atlantic City casinos, so if that is your example, you may want to look further.

The point isn't knowledge, it's to pretend a company failing is somehow indicative of anything when anyone would gladly have these results themselves. The nature of TDS. 

[90DayFinancier 910]

3 hours ago, Bill & Katya said:

I think there is a lot more behind the failures of Atlantic City casinos, so if that is your example, you may want to look further.

Please enlighten me as to what in those series of bankruptcies teaches us about his business acumen. How could it possibly be worse( it could have been worse, but daddy saved him from personal bankruptcy)

 

Let's play the famous whatabout game:

What about Trump university, guilty plea for  defrauding hundreds?

 

What about Trump Shuttle 140 million failure out if Trump's pocket, negotiated down to 30 million. ?

 

What about Trump Steaks, Trump Vodka?

 

The point is not that the man is a failure, many enterprises fail and there would be no innovation without risk taking. But the myth of Trump as an invincible Titan of Industry is just that, a myth.