The post-truth era

[J Craft]

Day after Trumps election the market was up - 4th. best, post election closing.

The best trading day the S&P ever had immediately following Election Day was a 1.77 percent rise in 1980, when Ronald Reagan defeated Jimmy Carter. For the next-largest gain, one would have to go way back to 1936 (+1.51 percent), when Franklin Delano Roosevelt was elected to the second of his four terms.
Losses, have been more dramatic — and common. In 2008, following President Obama’s first win, the market plummeted 5.27 percent — the most for a post-Election Day session. The second-worst fall was in 1932, when the market dropped 4.42 percent, when FDR was first elected. The average day-after story comes to a -0.92 percent market movement.

 

[Cancel 2020.1]

Day after Trumps election the market was up - 4th. best, post election closing.

The best trading day the S&P ever had immediately following Election Day was a 1.77 percent rise in 1980, when Ronald Reagan defeated Jimmy Carter. For the next-largest gain, one would have to go way back to 1936 (+1.51 percent), when Franklin Delano Roosevelt was elected to the second of his four terms.
Losses, have been more dramatic — and common. In 2008, following President Obama’s first win, the market plummeted 5.27 percent — the most for a post-Election Day session. The second-worst fall was in 1932, when the market dropped 4.42 percent, when FDR was first elected. The average day-after story comes to a -0.92 percent market movement.

But you realize that the market went up between the time Obama took office & the time Trump was elected...right?

 

[Cancel 2018.2]

Obama phone.

 

[J Craft]

But you realize that the market went up between the time Obama took office & the time Trump was elected...right?

Up and down... and not historical, like the low upon his election. You do realize that, don't you?

 

[Cancel 2020.1]

Up and down... and not historical, like the low upon his election. You do realize that, don't you?

Up & down? It was around 8,000 when he took office, and doubled.

And you realize what was happening w/ the economy when he was elected, don't you?

I really wonder about you Trumpsters.

 

[J Craft]

Up & down? It was around 8,000 when he took office, and doubled.

And you realize what was happening w/ the economy when he was elected, don't you?

I really wonder about you Trumpsters.

Lol, you are a TARD. The market had no faith in Obama, but it did have faith in Congress holding him back. I expect Obama to attempt to lay claim to market highs from confidence in Trump since Obama is still in office, but I'm convinced the entire country will do well under Trump, not just Wall Street... but everyone.

 

[Cancel 2020.1]

Lol, you are a TARD. The market had no faith in Obama, but it did have faith in Congress holding him back. I expect Obama to attempt to lay claim to market highs from confidence in Trump since Obama is still in office, but I'm convinced the entire country will do well under Trump, not just Wall Street... but everyone.

The bolded is funny.

It's always going to be a credit to Republicans for you. Sorry - but Bush crashed the market & the economy. Again: the market was at 8,000 when Obama took over, and it was close to 17,000 when Trump was elected. So, yeah - Obama can take some credit for an increase there.

And most Trump voters think the market went down under Obama.

 

[Cancel 2018.2]

Lol, how did bush crash the market and economy?

 

[cancel2 2022]

The bolded is funny.

It's always going to be a credit to Republicans for you. Sorry - but Bush crashed the market & the economy. Again: the market was at 8,000 when Obama took over, and it was close to 17,000 when Trump was elected. So, yeah - Obama can take some credit for an increase there.

And most Trump voters think the market went down under Obama.

Quantitative Easing aka printing money had a lot to do with it, and that was initiated by the Fed!

 

[PostmodernProphet]

Up & down? It was around 8,000 when he took office, and doubled.

And you realize what was happening w/ the economy when he was elected, don't you?

I really wonder about you Trumpsters.

did you notice the six years of misery in between?.....

 

[PostmodernProphet]

Lol, how did bush crash the market and economy?

he didn't order Barney Frank and the black congresional caucus to be arrested for treason and issue new regulations reining in the Fed and Treasury for their scams with real estate mortgage bonds......I consider that his second largest failing......

 

[Cancel 2020.1]

Lol, how did bush crash the market and economy?

Bush was one of the most fiscally irresponsible Presidents of all time. His admin abandoned the Clinton "Reinventing Government" program, which was trimming bureaucracy & wasteful spending. They engaged in a war of choice that cost trillions. Bush signed bloated, wasteful energy & transportation bills. His VP famously said that deficit-spending didn't matter. And he cut taxes even as he spent wildly.

And you wonder why we crashed? What happens to a household or business when they engage in that kind of fiscal irresponsibility?

 

[Cancel 2020.1]

Quantitative Easing aka printing money had a lot to do with it, and that was initiated by the Fed!

Oh, please. If the market DOUBLES under Trump, as it did w/ Obama, you guys will say nothing but TRUUUUUMP!!!

 

[Cancel 2018.2]

Bush was one of the most fiscally irresponsible Presidents of all time. His admin abandoned the Clinton "Reinventing Government" program, which was trimming bureaucracy & wasteful spending. They engaged in a war of choice that cost trillions. Bush signed bloated, wasteful energy & transportation bills. His VP famously said that deficit-spending didn't matter. And he cut taxes even as he spent wildly.

And you wonder why we crashed? What happens to a household or business when they engage in that kind of fiscal irresponsibility?

I guess the real estate bubble had nothing to do with it, lol.

Clinton had nothing to do with the tech rise and then he was lucky his term ended right before the bubble burst.

 

[Cancel 2020.1]

I guess the real estate bubble had nothing to do with it, lol.

Clinton had nothing to do with the tech rise and then he was lucky his term ended right before the bubble burst.

Who said the real estate bubble had nothing to do w/ it? Bush was President - he is the steward of the economy. Everyone knew the bubble was going to burst.

And of course, Clinton gets no credit at all for the booming economy of the '90's, even though his early economic measures encouraged capital investment.

Sorry, Yurt. Presidents get credit for good economies, and blame for bad ones. And there are good reasons for that. They're not bystanders.

 

[christiefan915]

Obama phone.

reagan, Bush41, Clinton, bush43 and Obama phone.

 

[Darth Omar]

Bush was one of the most fiscally irresponsible Presidents of all time. His admin abandoned the Clinton "Reinventing Government" program, which was trimming bureaucracy & wasteful spending. They engaged in a war of choice that cost trillions. Bush signed bloated, wasteful energy & transportation bills. His VP famously said that deficit-spending didn't matter. And he cut taxes even as he spent wildly.

And you wonder why we crashed? What happens to a household or business when they engage in that kind of fiscal irresponsibility?

Bush II was an object lesson on the hazards of a Republicans president who doesn't know the meaning of veto, coupled with a democrat congress.

The outcome was predictable.

 

[Cancel 2018.2]

Who said the real estate bubble had nothing to do w/ it? Bush was President - he is the steward of the economy. Everyone knew the bubble was going to burst.

And of course, Clinton gets no credit at all for the booming economy of the '90's, even though his early economic measures encouraged capital investment.

Sorry, Yurt. Presidents get credit for good economies, and blame for bad ones. And there are good reasons for that. They're not bystanders.

Name is Yaya.

And you failed to mention the real estate bubble, which was the cause of the mini recession.

The reality is, Bush had little, if anything to do with the economic collapse. But for the real estate bubble, the economy was fine under Bush.

 

[Cancel 2018.2]

reagan, Bush41, Clinton, bush43 and Obama phone.

What?

 

[Cancel 2020.1]

Name is Yaya.

And you failed to mention the real estate bubble, which was the cause of the mini recession.

The reality is, Bush had little, if anything to do with the economic collapse. But for the real estate bubble, the economy was fine under Bush.

The economy wasn't fine. The only thing Bush had going for him was the bubble, which he was well aware of and did little to address. He was just hoping it wouldn't burst until he left office.

Otherwise, he spent wildly, and cut revenues. Fiscal responsibility was not important in his admin. If that's the foundation for a "fine" economy to you, we simply disagree.