wkmac
Well-Known Member
Getting away from the libertarian boogey man that some here are fixated on and getting back to looking at the Dow, from a historical perspective as it relates to both Trump and Obama, the Dow after peaking at over 13k in the summer of 2007' it plunged back down below 8k by the time Obama was sworn in January 20th, 2009. Almost all of that on President Bush's watch and which Obama publicly green lighted Bush's actions. McCain too.
The Dow continued down for 11 more days after Obama was sworn in when it began to turn north and started a steady climb finally getting back to Dow 13k plus in Dec. 2012. From there the Dow continued going up to it's present levels and finally breaking 20k. From the standpoint of using the Dow as a market indicator, Obama would have to get high marks but then I don't think any President has a much say in the real drivers of the economy as we think a President does. Watch the market itself and see whose briefcase they actually watch with baited breath and that might be a clue as who really sets the tone and agenda of the markets and the economy. The Dow was likely a result more of Quantitative Easing than any Obama policy or action. Probably another reason why the "Big Boys" won and the "Little Guys" lost. But the "little guy" will be left holding the tab to pay regardless which wing of the Bird of Prey controls Washington.
But please, keeping "Schitting" in your own mouth and eating it while convincing yourself how tasty good it all is.
The Dow continued down for 11 more days after Obama was sworn in when it began to turn north and started a steady climb finally getting back to Dow 13k plus in Dec. 2012. From there the Dow continued going up to it's present levels and finally breaking 20k. From the standpoint of using the Dow as a market indicator, Obama would have to get high marks but then I don't think any President has a much say in the real drivers of the economy as we think a President does. Watch the market itself and see whose briefcase they actually watch with baited breath and that might be a clue as who really sets the tone and agenda of the markets and the economy. The Dow was likely a result more of Quantitative Easing than any Obama policy or action. Probably another reason why the "Big Boys" won and the "Little Guys" lost. But the "little guy" will be left holding the tab to pay regardless which wing of the Bird of Prey controls Washington.
But please, keeping "Schitting" in your own mouth and eating it while convincing yourself how tasty good it all is.
