Semi OT: Oprah Winfrey For President / Sports Related

Semi OT: Oprah Winfrey For President / Sports Related Jan 11, 2018 23:19:25 GMT

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Post by Deleted on Jan 11, 2018 23:19:25 GMT

Jan 11, 2018 22:35:22 GMT klawrencio79 said:

Jan 11, 2018 22:20:00 GMT @winterssuicide said:

Don't ever let anyone tell you that the rise in the stock market is because "Obama's fiscal year."

Whether or not the economy as a whole is or isn't, is a legitimate (but much more complex than it's made out to be) argument.

But the stock market gains are 100% because Trump is in office. Anyone who debates otherwise doesn't understand the stock market.

As for me, I made about $40,000 last year in the stock market more than I normally would have. Thank you, Donald Trump!

I work in the financial markets and understand perfectly well how the stock market works. The "Trump bump" happens every time a Republican is in office because Republican administrations typically result in reduced regulations and reduced costs of compliance. That said, you can deny Obama's fiscal year all you want, his administration's policies helped the stock market immeasurably year over year. It is possible that BOTH presidents can have a positive effect on the stock market. It's not a mutually exclusive thing.

EDIT: The part that's bolded, though, you're dead on right about. The stock market is not an indicator of economic health, as a lot of people make it out to be. It's just so happens that we're in a time when both are doing well.

But I didn't deny Obama's fiscal year as it pertains to the economy as a whole. In fact, I said that was a legitimate argument.

What I said was that Obama's fiscal year has zilch to do with the stock market gains since Trump won in November '16. Regarding that, since you work in the financial markets, I'm sure you can corroborate that the "Trump Bump" was more significant than Republican presidents of the past. Right?