The Dow Jones industrial average, arguably the world's best-known stock market gauge, closed above the 19,000 barrier under obama for the first time in its 120-year history.
2017 Highs
The Dow breached 20,000 on January 25, 2017. It hit 20,000.77 just moments after the New York Stock Exchange opened at 9:30 a.m. EST. It closed at 20,068.51. Just 42 trading sessions before, it hit 19,000 on November 22, 2016. That is the second-fastest rise in U.S. history. The record is the 24 sessions it took to go from 10,000 to 20,000 in 1999. (Source: "Dow Hits 20,000 for First Time," The Wall Street Journal, January 25, 2017.)
2016 Highs
The Dow's 2016 closing high is 19,974.62 set on December 20, 2016. The Dow's November streak came after falling 638 points, or 3.4 percent, in futures trading as investors initially reacted to trumps presidential win but later regained steam.
So the Dow has raised 1233 points since Trump took office. Of course it did raise 13750 points while Obama was in office and lost 3433 points while Bush Jr was in office.
Just so I can keep up, when Obama was in office and the market was booming, you guys said that presidents have nothing to do with the behavior of the stock market. Has that changed since Trump took office? Which one applied when Bush was in office?
Why should they? It was just under twentyk when Obama left. Trump did nothing to make it climb, he's promised tax breaks for business but that's far from a done deal, something business is beginning to digest. To me this kind of rapid rise, so far from the actual worth of a stock price suggests a bubble full of nothing more than hot air.
Exactly,,,,,,soon as the stock market realized Trump will win it has been rocketing to record levels not seen in 100 years.
It is very obvious Trump brings certainty to the market.
Nov 4, the DOW was at 17,888 and today it is at 21,041 a record high.
Now the worst nightmare for the congressional democrats and liberals is for any Trump policy to succeed and grow the economy, reduce unemployment, increase treasury revenue, stop or severely slow terrorism, or reduce the debt.
This would destroy the democrat narrative of big government is better.
So no matter what happens the congressional democrats and all liberal leaders including the liberal media will never thanks Trump or give him any credit.
Answers & Comments
By your logic, since it was over 19000 when Trump took office, Obama raised the DOW by 11000 points. Donny has a ways to go to catch him.
And we're waiting for the correction.
what was it when Obama left office?
You have to be either naive or plain old Dumbass.
Under Obama rose from 8 to well over 19,000.
The Dow Jones industrial average, arguably the world's best-known stock market gauge, closed above the 19,000 barrier under obama for the first time in its 120-year history.
2017 Highs
The Dow breached 20,000 on January 25, 2017. It hit 20,000.77 just moments after the New York Stock Exchange opened at 9:30 a.m. EST. It closed at 20,068.51. Just 42 trading sessions before, it hit 19,000 on November 22, 2016. That is the second-fastest rise in U.S. history. The record is the 24 sessions it took to go from 10,000 to 20,000 in 1999. (Source: "Dow Hits 20,000 for First Time," The Wall Street Journal, January 25, 2017.)
2016 Highs
The Dow's 2016 closing high is 19,974.62 set on December 20, 2016. The Dow's November streak came after falling 638 points, or 3.4 percent, in futures trading as investors initially reacted to trumps presidential win but later regained steam.
So the Dow has raised 1233 points since Trump took office. Of course it did raise 13750 points while Obama was in office and lost 3433 points while Bush Jr was in office.
Just so I can keep up, when Obama was in office and the market was booming, you guys said that presidents have nothing to do with the behavior of the stock market. Has that changed since Trump took office? Which one applied when Bush was in office?
Why should they? It was just under twentyk when Obama left. Trump did nothing to make it climb, he's promised tax breaks for business but that's far from a done deal, something business is beginning to digest. To me this kind of rapid rise, so far from the actual worth of a stock price suggests a bubble full of nothing more than hot air.
Exactly,,,,,,soon as the stock market realized Trump will win it has been rocketing to record levels not seen in 100 years.
It is very obvious Trump brings certainty to the market.
Nov 4, the DOW was at 17,888 and today it is at 21,041 a record high.
Now the worst nightmare for the congressional democrats and liberals is for any Trump policy to succeed and grow the economy, reduce unemployment, increase treasury revenue, stop or severely slow terrorism, or reduce the debt.
This would destroy the democrat narrative of big government is better.
So no matter what happens the congressional democrats and all liberal leaders including the liberal media will never thanks Trump or give him any credit.
The Dow closed at 19,732 on Obama's last day in office. Give him credit for that, and I'll give Donald credit for the rest.
You really want to play this ?
Gee another com twisting facts to make themselves look good!
What selective memories you have! Like forgetting that the stock market dropped in half the year before Obama was elected!
Oh I forget that was during a republican administration which means it don't count!