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Post by klawrencio79 on Jan 11, 2018 23:48:54 GMT
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? Given the health of the stock market when he took office and the carryover effect from the successful policies of yesteryear, such corroboration would be nothing more than baseless conjecture, regardless of which side of the coin I ended up on. |
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