brownmonster
Man of Great Wisdom
For a market beat down I sure seemed to do well.
Trump fires FBI Director James Comey
- Thread starter Jones
- Start date
Catatonic
Nine Lives
As did I but most of that was a recovery from the 2008 recession.
I averaged 8.8 % annual growth under Obama but 6 months of Trump run-up is better than any 4 consecutive years under Obama.
The Market does not like uncertainty and the market reflected Obama's attitude towards businesses and financial investing.
Tell me you're joking. We've going into the 8th year of a bull market, stocks gained an average of 12% a year over Obama's two terms. If your investments took a beating under Obama you better find someone else to manage your money because you clearly can't be trusted with it. If stocks do even half as well under Trump I'll be a very happy fellow.
Catatonic
Nine Lives
If one loses 50% of their investment and then gains 100%, they are back where they started.
All I look at is facts.
I look at my investment summary and compare from year-end to year-end.
I don't believe or care what the media posts if I can get real facts.
Note: It is my portfolio so not the actual market.
So, no, I am not kidding.
You need to find someone else to manage your money.
Catatonic
Nine Lives
You need to keep driving the truck.
No I don't ... my advisor is doing well.
For some reason you are plain wrong.
I think we are talking about different things because you usually are correct or close anyway.
I just looked up the entire US Market and ...
From Jan 2008 until Jan 2009, the US Market dropped 49%.
From January 2009 until November 2016 the market improved 212%
From Jan 2008 until Nov 2017 = 22% growth for Obama's entire term.
I think you can figure it out from there.
Catatonic
Nine Lives
Keep your day job ... if you can't see "lying with numbers" in your explanation.
Your's a very unsophisticated way to look at investment.
You realize that Obama didn't take office til Jan 2009 right?
That 49% drop happened under Bush.
Check your math again, I'll just be here driving the truck
Catatonic
Nine Lives
I give up ...You realize that Obama didn't take office til Jan 2009 right?
That 49% drop happened under Bush.
Check your math again, I'll just be here driving the truck
You can lead a horse to water but you can't make him think.
This is disturbing ... you are usually a lot sharper than this.
Lets review:
You said the market took an "8 year beatdown" under Obama.
Now you just posted that it actually gained 212%. Your contention seems to be that it doesn't matter because of the previous drop (under Bush) of 49% but that only holds true if you're not actively in the market, it ignores dollar cost averaging not to mention all the smart folks who went all in when the market was close to the bottom. I give you credit for being smart enough to buy when it's down and if you did that or at least didn't sell and kept buying just like you did when the market was up then you should have done very well under Obama. The notion that it was an "8 year beatdown" is just ludicrous.
Turdferguson
Just a turd
You should move this to your fake news thread.
If you think you took a market beatdown under Obama I only have one question for you.
What color is the sky in your world?
Fake News Examples
Catatonic
Nine Lives
Beatdown seems to be an offending word ... sorry.
What I meant to say is that the market was held down by Obama's attitude towards business and the fact that banks were very wary of lending money to entrepreneurs due to Dodd-Frank.
Since Trump's victory, the market has reacted quite strongly because business believes Trump will eliminate Dodd-Frank and be friendly towards business growth.
Catatonic
Nine Lives
OK ... I expect this from you but not Jones.
Catatonic
Nine Lives
Changed it so people get the point I was making.
It was more about undue Trump exhilaration than Obama but I needed to clarify.
If what happened to my investments under Obama was a result of the market being held down by his attitude I hope Trump gives them the same attitude.
Don't get me wrong, this little run up has been nice but do you really think it's sustainable? I like a steady upward trend but sudden surges make me nervous, this aint my first rodeo.
Catatonic
Nine Lives
Like I said, my original post was more about undue exuberation in the market the last 6 months.
Turdferguson
Just a turd
Why did they enact Dodd-Frank again? I forget ,why that was put in place.
The economy was firing on all cylinders when they put that in place wasn't it
Catatonic
Nine Lives
I think you got my point and just giving me a hard time.
I enjoyed the back and forth but I'm not sure about that pedestal I had you on before if you are serious.
Yeah I'm not a big fan of repealing it, probably because I'm not an investment banker. Steady growth good, big bubbles bad...
Catatonic
Nine Lives
Are you trying to be funny?
