Congratulations. However, since you were broke during the Obama years you didn't benefit from the rapid rise in the stock market like I and most other did. We've been through this several times but it just doesn't seem to sink in. The rise in the stock market during Obama's time in office averaged much higher than Trump's time in office. So why wouldn't this have happened under Obama?
Originally Posted by SpeedRacerXXX
Yes we have been through it several times. The market did very well under Obama, but no thanks to his policies. The country was at the nadir of one of our worst recessions since before World War II when he took office, so there was no place for the stock market to go but up.
That said, you’re wrong, the market has averaged higher under Trump than Obama. From a few days ago in this thread,
The Dow Jones Industrial Average on the day Trump took office was 19827. On Friday it closed at 25,502. That's an increase of 28.6%. If it continues to increase at that rate, it would close at around 63,000 when Trump left office after serving two terms.
The DJIA increased from 7949 to 19,827 under Obama. So it would grow more under Trump than Obama if it keeps up its current rate of increase. Is that likely to happen? IMHO, hell no, I don't think it will be anywhere close to 63000. Obama had the "advantage" of taking office when share prices were extremely depressed, while Trump started in more normal times.
Anyway, who won the Super Bowl has a much stronger effect on share prices than who's president.
Originally Posted by Tiny
And so what, how much does the president have to do with stock market performance? Usually, not much, but Trump’s cut in the corporate tax rate had a very positive effect:
How much difference does the president make to stock market performance? He doesn't have some kind of magic wand he can wave that will boost corporate earnings, decrease interest rates, or increase multiples investors pay for stocks. Trump came the closest to magic wand waving when he lowered the corporate income tax rate, which was long overdo and a move favored by Obama when he was president. That increased after tax corporate earnings, which do have a strong effect on share prices.
Originally Posted by Tiny