He can still take credit. Even at these levels the Dow is still up 36% since the Don took office. Not a bad return for less than 2 years.
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Raises the questions:
If Trump loses Congress and the House of Reps what happens to the markets Up or down and by what %
If loses one Up or down
If wins both Up or down
If wins one Up of down
Interesting questions. The markets have the following chances:
Democrats win Senate, 6.4%, Repubs win Senate with majority 78%, No majority 15.6%
Democrats win House , 62.5% Repubs win House 37%, No Majority .5%
www.betfair.com
Return is income minus cost. Don did cost us a united Western alliance, he did cost America its unity and internal peace. He is destroying the international trade system and he did take integrity and honesty out of his office. Donald Trump is to the Western democracies what acid is to an engine when mixed with of engine oil.
I would not call this a win ... but each to their own.
And obviously - he started with a booming economical engine inherited by Obama, but even if you assume that Don is responsible for this "gain" - these 36% do come dear indeed. What is for you the price of freedom, democracy, integrity and a legal system based on laws instead of some autocrats personal desires?
Do you not share these values - or are you really happy to sell them out that cheap?
I would not be claiming gains on the stock market for starters. The market is forward looking but also runs counter cyclically to the economy. The US economy is booming at the moment and because of this they are looking to raise rates. This is negative for the market go figure. But either way taking credit for a stock market is fraught with danger. That said if you are going to claim credit for it then you can keep doing so even if there are a few negative blips on the way.
Stop being such a sourpuss BP. Freedom, democracy, integrity...unity, internal peace.... really. Obama what the one that created all this internal unrest, the Don is the outcome of the cancer that Obama spread with his divisiveness. Luckily Obama had no power with Congress and the Don has pretty much obliterated everything (in 2 short years) that Obama achieved in 8.
Anyway that was a bit off topic. What will the NZ and Aussie markets do today after the turmoil on the US xchanges? It will be interesting to see how China reacts to the additional tariffs that have been "threatened" depending on how Trump's meeting with Xi goes.
Sugar in the petrol is my analogy of trumpf. The debt mountain is growing bigger is the endgame. He is again inciting his devotees to attack anyone who opposes him, he is a megalomaniac, extreme narcissist of the highest order, if he could eliminate the media, any opposition ,like the saudis, putin and Kim does he would, he trys to virtually and is now inciting his gormless power seeking devotees to do the same. It shows how rotten things are over there with such a % of the population feeling so disempowered that they gravitate to such a dumbing down wanna be dicktator attempting to regress them to a primitive all for one cave dwelling tribe savagery akin to an Inca ruler.
We are going to be testing some very serious support / resistance levels in the near future for the US markets if this keeps up. That will tell us more about what's going on. The stay cashed up or back in question looms.