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Stock Market under Trump (2 Viewers)
- Thread starter Sinn Fein
- Start date
Don't Noonan
Footballguy
Clearly just a continuation of Obama's policies! Cash for clunkers man.
GoBirds
Footballguy
Being at all time highs is “doing ok”? What would that market need to get to for you to consider the market doing “good” or “great”?
Cjw_55106
Footballguy
Yeah, its ok.Being at all time highs is “doing ok”? What would that market need to get to for you to consider the market doing “good” or “great”?
Personal Rate of Return as of 06/20/2019 17.09%
ffldrew
Footballguy
Well we are reaching the all time highs from last year - it would have been nice to not fling poo everywhere on this economy and bring it down at the end of 2018 to then rely on the Fed to cut interest rates in an environment that is at full employment and massive federal deficits done right after a big tax cut. Of course everyone is going to tout the huge gains for 2019 - but fail to calculate in the losses at the end of 2018. Some people like the roller coaster rides - I just hope they inspect the tracks every now and then to make sure it can handle the G forces being thrown at it.Being at all time highs is “doing ok”? What would that market need to get to for you to consider the market doing “good” or “great”?
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Sand
Footballguy
You mean the -6% return in 2018 after a straight bull run from 2009? Yeah, that was horrible. We were only up 340% the previous 9 years.
The travesty.
Sheriff Bart
Footballguy
Many of the Founders sacrificed their personal fortunes, probably more than you are worth WITHOUT adjusting for inflation, so that there would be a nation where its people could be free. Where all men are created equal (pause for a slavery/women stab) and prosper. Centuries later another great man once asked "ask not what your country can do for you,ask what you can do for your country."
Think about that when you celebrate your own personal gain while millions of your countrymen suffer.
Cjw_55106
Footballguy
Thanks for calling me out. Your "message" could apply to everything we do on a daily basis. Please dont preach to me when you nothing about me.
Sheriff Bart
Footballguy
I only know what you posted. I also know how the rest of the country is doing. Not only are they not seeing massive returns on investment, they are getting hit with a tax increase thanks to the tariffs.
Don't Noonan
Footballguy
Some people just like to complain when there is nothing to complain about. 
It must be miserable to always have a half glass full outlook on life.
It must be miserable to always have a half glass full outlook on life.
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ElGatoLoco
Footballguy
Repeat after me: The stock market is not the economy.
Sand
Footballguy
And here I thought this was leading to a rebuke of the concept of socialism.
Silly me.
Henry Ford
Footballguy
That's primarily because it had its worst year in a decade last year, down 6.5% for the year.
Sheriff Bart
Footballguy
Henry Ford
Footballguy
I think you've missed the point on that.
You mean the -6% return in 2018 after a straight bull run from 2009? Yeah, that was horrible. We were only up 340% the previous 9 years.
The travesty.
Sand
Footballguy
I don't think I did. It was looking at 2018 in isolation. 20% drops (we did hit a bear market there briefly on Christmas Eve) are normal. Years like 2018 should be expected in a bull market, much less a bear market. 2015 was also a no gain year. Normal. The roller coaster ride referenced is the normal state of the markets. Just is.
I realize you know this area as well as I do, but I'll disagree here, GB.
Henry Ford
Footballguy
Henry Ford
Footballguy
@SandI know you and I disagree on market fluctuations, etc, but I think the discussion was instead on people crowing about big gains - which are actually only in a specified period of time following a huge drop in the market. Same time last year vs. now, things aren't quite the same to look at. That's all I think was being said.
Ditkaless Wonders
Footballguy
What happened to the other half of the glass?Some people just like to complain when there is nothing to complain about.
Cjw_55106
Footballguy
This is a thread about the stock market. I guess I didn't realize everyone else's stocks are tumbling and I'm an outlier.
ffldrew
Footballguy
Sand - ya made my point here for me - someone was all jacked up about 17% for YTD. I was just trying to look at it over the longer period of even just one year to point out that we just got back to where we were before. It's like Bronco fans getting all giddy - we win Super Bowl and then turn to junk - but after a 6-10 turnaround we are going back to the Super Bowl.
Here's what I didn't expect at the end of 2018 and that roller coaster - a full on verbal assault and tariff assault on China and elsewhere(FAANG stocks and Powell) turning the market into a crazy ### roller coaster based on some tweet from a ding dong sitting on a toilet at 6AM watching Fox and Friends. We used to come after Presidents with tars and feathers for getting involved in business/markets to this degree. When it comes to the market I'm used to a bit of a roller coaster - not barely hanging on the track ones however. A little more quiet diplomacy(The type that led to the 340%) would be better in this regard instead of flinging poo everywhere.
Sheriff Bart
Footballguy
The vast, vast, vast, vast, majority of Americans don't own securities in any vehicle. My point is that many Americans are suffering because of the tariffs and while my portfolio has been decent it doesn't bring me joy while my countrypeople struggle to make ends meet because of the POTUS's economic policy.
GoBirds
Footballguy
They aren’t allowed to say anything positive.....you know cuz their party isn’t in the White House.Some people just like to complain when there is nothing to complain about.
Don't Noonan
Footballguy
Funny how they weren't complaining when Obama was in office and the economy was way worse.
Mile High
Footballguy
What Obama should have done was gotten on Twitter everyday for 8 years and say. The economy is better today then it was yesterday.
Don't Noonan
Footballguy
James Daulton
Footballguy
Don't Noonan
Footballguy
James Daulton
Footballguy
Unemployment was 4.8% when Obama left office. Do you believe that's high? It's 1.0% less now.
Mile High
Footballguy
Wasn't it around 10% when he took office. But I guess a 1% drop over 3 years is much better then a 5% drop over 8 yearsUnemployment was 4.8% when Obama left office. Do you believe that's high? It's 1.0% less now.
Don't Noonan
Footballguy
20% dropUnemployment was 4.8% when Obama left office. Do you believe that's high? It's 1.0% less now.
Sand
Footballguy
Just as a note the current unemployment rate is at an asymptote. That last percent or two is way, way harder to get than the first couple. Exponentially harder.
The current level of unemployment is at generational lows and is a pretty stunning achievement.
James Daulton
Footballguy
apalmer
Footballguy
Yeah, but those figures were lies. Weren't you listening during the campaign? It's only since Trump took office that the figures are accurate.Unemployment was 4.8% when Obama left office. Do you believe that's high? It's 1.0% less now.
James Daulton
Footballguy
And so a 20% drop in unemployment, going from a really great 4.8% to a really terrific 3.8% makes this economy much better than the prior four years?
Nah
Hawkeye21
Footballguy
My business saw it's greatest years in our 100 year history while Obama was President. The last 4 have not been so great but I will admit that a lot of my business does not always rely on what our President does. It all depends on crop and livestock prices.
I'm at the age where my 401k doesn't really all mean a whole lot to me as I won't be using it for another 30 years. I care about wages and keeping things consistent. I want stability.
James Daulton
Footballguy
True, I'm just wondering when Trump supporters are going to pull out the workforce participation rate % (which hasn't budged since Trump took office btw). How many pages did Obama haters spend telling us that unemployment was wrong and that really 25% of the country wasn't working?
Will any Trump supporters own up to this? Nah, I doubt it.
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The Commish
Footballguy
To be fair, this thread is about the market under trump.
You mean the -6% return in 2018 after a straight bull run from 2009? Yeah, that was horrible. We were only up 340% the previous 9 years.
The travesty.
Sand
Footballguy
It has stabilized and maybe ticked up a tad, but it hasn't jumped back to pre 2008 levels. I don't pretend to know every nuance of that, but I suspect it has a lot to do with an aging workforce and the dropouts there, as well as the influx of immigrants affecting the denominator. The large scale immigration we are experiencing may also play a part in the difficulty we seem to be in with wages remaining stubbornly flat.
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James Daulton
Footballguy
Obama haters loved to point out how this metric was correct and unemployment was fake. Just want to show supporters of the current POTUS how disingenuous they were/are. They really tried to discredit the unemployment % based on this.
SAD
Don't Noonan
Footballguy
Yep. Add in GDP at 2.9% for 2018. Obama is the only President to never get 1 year of 3% GDP growth on his 8 years of office. Horrific. Trump is killing him in the main measure of the economy.
adonis
Footballguy
My stocks were doing fine under Obama. The trajectory seems to have continued with Trump. It's a good direction. There have been some massive pullbacks, a fair number of stocks I'm interested in have been hampered by Trump's trade war with China.
Overall, things are doing about how they've been doing for the past many years, going way back into the Obama era. Credit Trump if you like, but he did inherit a good performing stock market and things seem to be going in that same direction.
Unless you're going to tell me, like Trump did, that the numbers during the Obama years weren't "real" but they are not because...Trump.
Overall, things are doing about how they've been doing for the past many years, going way back into the Obama era. Credit Trump if you like, but he did inherit a good performing stock market and things seem to be going in that same direction.
Unless you're going to tell me, like Trump did, that the numbers during the Obama years weren't "real" but they are not because...Trump.
GoBirds
Footballguy
Also facts show the GDP trend was down Obama’s last 2 years. Sweet downtrend Trump inherited eh?
James Daulton
Footballguy
2015 2.9%
2016 1.6%
2017 2.2%
2018 2.9%
Yea, Trump's really blowing the doors off of GDP. Would y'all like to see how much the deficit increased each of the years? You'll be able to see just how much the tax cuts for the rich cost the country in order to produce a whopping 2.9% GDP. 2019 looks to come in around 2.5% at best so what then?
More credit card spending with higher deficits from lowered taxes? Yay us.
GoBirds
Footballguy
timschochet
Footballguy
This is really the point. Under Obama we had it nearly as good except with a much lower annual deficit. Things are even better right now but it’s not worth the trade off.
GoBirds
Footballguy
Just ignoring the fact that under Obama money was printed at a clip never seen before and rates artificially kept at zero? So surprising.
Have a good weekend Tim.
timschochet
Footballguy
Not ignoring either. Those are good points. Although if you’re inferring that the Fed wanted to help Obama and not Trump for political reasons I’d have to reject that theory.Just ignoring the fact that under Obama money was printed at a clip never seen before and rates artificially kept at zero? So surprising.
Have a good weekend Tim.
But compared to the deficit issue I don’t see how any of this is really that important.
James Daulton
Footballguy
Are rates still not at historic lows? What am I missing? 2.5% is now some kind of road block to growth?Just ignoring the fact that under Obama money was printed at a clip never seen before and rates artificially kept at zero? So surprising.
Have a good weekend Tim.
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