Dow is currently in a freefall

[_subgenius]

<the stock market fall> must be rough on the 1%, eh?

Pretty damn rough on everybody who has tried to invest their hard-won savings in a retirement fund, which is far, far more than 1%.

Those latter people were the ones that posters like you were saying would be so grateful to Trump when the stock market continued the trajectory it had followed for several years since before Trump was elected.

You think they won't notice when their investments are hit because of Tariff Twitter Man?

Well, that is an odd notion since the Dow is up since Trump took office (16k then to 24k now)....or did you mean those millions of retirement investors that put in their savings on Monday with the intention of withdrawing the money on Friday?...i mean i think most people are aware that the market can generate fast returns, but it does come with a certain risk. So yeah maybe you have just discovered "market volatility" but it really doesn't conclude how you imagine it...

(footnote: i don't think you translated the word "trajectory" correctly - https://www.marketwatch.com/investing/index/djia/charts)

[_canpakes]

Well, that is an odd notion since the Dow is up since Trump took office (16k then to 24k now)....

It’s amazing how you can get even such an easily-searchable statistic such as this wrong by so much. : )

[_Kevin Graham]

The market has flatlined for a year now. It just dropped below 24,000 for the first time since mid-november 2017

[_Kevin Graham]

Well, that is an odd notion since the Dow is up since Trump took office (16k then to 24k now)....

Wrong. Trump took office in January 2017 not 2016 (when the DOW was at 16k). The DOW was already above 20,000 when he took office. It is now at roughly 24,000 which means it has risen just 19% throughout Trump's first 22 months in office, having effectively flatlined over the past 12 months.

By contrast, the DOW rose 52% during Obama's first 22 months. From 7,639 to 11,600.

[_subgenius]

Well, that is an odd notion since the Dow is up since Trump took office (16k then to 24k now)....

Wrong. Trump took office in January 2017 not 2016 (when the DOW was at 16k). The DOW was already above 20,000 when he took office. It is now at roughly 24,000 which means it has risen just 19% throughout Trump's first 22 months in office, having effectively flatlined over the past 12 months.

So, correct....it is up since he took office....not an odd notion at all, because it is supported by actual facts.

By contrast, the DOW rose 52% during Obama's first 22 months. From 7,639 to 11,600.

Yes, and freshmen economists know that it was Bush's stimulus that put the overwhelming majority of that in motion....notwithstanding your insistence that good economy must be Obama's and bad economy must be either Bush's or Trump's.
Those pesky facts.

Government Bonds don't even get you close to a 19% return, i would say that Chap's friends can rest easy with their retirement accounts.

[_Kevin Graham]

So, correct....it is up since he took office....not an odd notion at all, because it is supported by actual facts.

That's supposed to be some kind of accomplishment? As long as it is "up" since he took office he's supposed to get some kind of applause? Of course it is up. Not only is George W. Bush the only President to leave office with the market lower than it was when he entered, but Donald Trump entered office during the longest Bull Market since WWII.

He didn't pass any significant legislation until his tax bill, which corresponds almost exactly when the market went into correction mode. For all those MAGA morons who drank the kool aid, jumped on the bandwagon and started investing in the market for the first time in their lives, after the tax bill passed, they've actually lost money.

Yes, and freshmen economists know that it was Bush's stimulus that put the overwhelming majority of that in motion....

Oh so now it was Bush's stimulus? The American Recovery and Reinvestment Act of 2009 took effect after it was signed into law by President Obama, well after Bush left office.

notwithstanding your insistence that good economy must be Obama's and bad economy must be either Bush's or Trump's.

Straw man again. I've never "insisted" anything like that. I simply point out the hypocrisy from morons like you on the Right who whined for years during the Obama administration about imminent hyperinflation, $6/gal gasoline and 20% unemployment because Obama was passing stimulus bills that effectively turned the economy around. Now you're trying to take credit for the economic policies you fought tooth and nail against when Democrats supported them.

Government Bonds don't even get you close to a 19% return, i would say that Chap's friends can rest easy with their retirement accounts.

So the market is awesome so long as it performs better than Government Bonds??? And it is only a 19% return if you invest the day Trump was inaugurated and you withdraw today. You don't seem to understand much at all about market investments. The market is down 10% since January and anyone who started a 401k in January of this year isn't going to be able to pull that money out without huge penalties. Their company's contributions won't even be fully vested until 2024.

[_EAllusion]

In fairness, I think there's reason to believe that the market run-up to the tax-bill passing was in part driven by markets betting that the tax bill would pass and drive up corporate profits. By the time it did pass, that was already mostly built into the price of stocks.

I just don't think a debt fueled tax break so targeted that it was essentially corporate welfare and wealthy donor pay-back is a good thing even if it did give a bounce to stock prices for the investor class. This won't matter for economic liberals, but I think this bill ruined for those like myself who would like to see a reduction or elimination of corporate taxes because it more or less branded corporate tax reform as corrupt.

[_canpakes]

So, correct....it is up since he took office....not an odd notion at all, because it is supported by actual facts.

That's supposed to be some kind of accomplishment? As long as it is "up" since he took office he's supposed to get some kind of applause? Of course it is up. Not only is George W. Bush the only President to leave office with the market lower than it was when he entered, but Donald Trump entered office during the longest Bull Market since WWII.

We can always look at the 10-year trend line to see how the Trump Era seems to faring. ; )

[_Dr Exiled]

The run-up is a lot longer than any one administration and the hockey stick increase from 2009 onward simply cannot be sustained.

[_canpakes]

The run-up is a lot longer than any one administration and the hockey stick increase from 2009 onward simply cannot be sustained.

Agreed. And someone probably needed to tell that to Trump and his supporters when they were happily tweeting messages about the “Trump stock market”.