Quote:
Originally Posted by kane
How do you figure it has gone up 40% in two years? When Trump started his term the Dow was at around 21,000. Today it is around 26,000. That is about a 20% increase.
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Well if you're going by his inauguration date the dow was at 19,827.25. and that to 26k is 31%.
I came to the 40% because I counted from his election night. The dow closed that day @ 18,332.74. The market was digesting his tax and repatriation plans and that gave a huge boost to the market. That's why I counted it from there because obviously any rise from that point on was due to Trump.
So if you take it from election night or his inauguration it's either 31% or 41%.
Quote:
Originally Posted by kane
Just as a comparison, when Obama walked into office the Dow was around 8,600. Two years later it was around 12,000 which is a 30% gain.
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Yeah but those were pretty rare circumstances. The facts are the market was at 14K a year before Obama took office and were 18k when he left. Again, it is not disputed that Obama reigned over the worst recovery in history. Even with QE and interest free loans for 8 years, it was abysmal.