General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums"The stock market usually tumbles in the year after a Republican president is sworn in"
"...The median S&P 500 performance for both parties one year after inauguration is 7.6%. It's -7% for Republican presidents, and 14.7% for Democratic presidents...."
http://www.businessinsider.com/stock-market-after-inauguration-democrat-republican-2017-1
Diverting money from the poor and the middle classes into the offshore bank accounts of millionaires/billionaires hurts the economy.
Eliot Rosewater
(31,112 posts)former9thward
(32,009 posts)On Jan 20, 2017 the Dow was at 24752. On Jan 20, 2018 the Dow was at 26116. A gain of 5.5%. That is 5.49% more than you got if you kept it in a bank account.
Progressive dog
(6,904 posts)It's a statistic of past performance, showing that stock market performance is not easily predictable.
Trump should get no credit for stock market gains before the tax cuts at the end of 2017. Deregulation helped corporate bottom lines and hurt health, safety, and the environment--so we "paid" for every one of those stock market gains. Now the tax cuts will make the Trump recession earlier and deeper.