2019 Jan 22, 9:20pm
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All it took was a corporate tax rate cut of 14% most of which went to stock buybacks.
Stock market was doing even better still before the Democrats took the house.
Your numbers are the totals for the 2 year period including 2018. Further, the tax cuts would have been largely factored into equity prices during 2017 and soon after the bill was passed.
Tax cuts passed in 2017,
and 2017 was the better year.
Head seems stuck deep in there.
You want to tell us that the last two months of 2016, where the market grew like 8% after Trump won, unlike the flatline it was in the first 10 months of Obama, was from the tax cuts too?
Yesterday I was driving around with a girl I know from Haiti and she asked me what my plan was; I said I wished to wait until my net worth got bit higher so I can spend safely X per year. She said "what could you spend per year starting now?" She wanted some, she just turned 37 and wants her piece of the pie. Too bad, the one who is 24 wants some too so I guess it will be "divide and conquer" (insert evil Penguin laughter)
Did I ever say ALL of the growth came from the tax cut? No, I did not.
Well, you got that one right, and the tax cut had nothing to do with it.
Actually none of the growth came from the tax cuts, even with all that extra cash available to corporations to buy back stock, it still had a negative affect on 2018.But somehow you feel 2017 market growth came from a policy passed a year later in the future.
The best first two years in office (regardless of term) for a president since Obama from 2013 - 2015That means Obama out did Trump.
That's your argument?
Yes, Obama got handed an economy that was dead. No pulse. Zero % federal funds rate, just somehow staying alive. And he nursed the US economy back to health.
Trump super heated an economy
causing the federal funds rate to rise, we will see what happens as interest rates increase.
Will people be able to keep up with their loans. I guess that just depends on how leveraged they are.
would you rather get a 25% or a 33% raise?
Which is bigger: 3,800 or 4,575?
MrMagic saysYa think so?? How are you at numbers?Pretty good.
Ya think so?? How are you at numbers?
With your numbers his gain was only +22.88% that really would look bad compared to Obama's +32.96%.
Ahhh yes, Liberals and percentages.... typical..
Obama's gain was more like $4420 in the first two years of his second term. Did you still miss that second term part?
The Obama bounce was pure luck. He got in right as the sp500 was falling through 800, and bounced off of 666!!!! He was then given 2 rounds of QE , amongst every other possible game to help him out.
How's that for numbers?
The Obama bounce was pure luck.
He sure was lucky a lot for 8 years, wasn't he?