*** The Official MAGAposting thread ***

[spoonitnow]

Here's a list of all the presidents in the past 100 years who have or haven't presided over a new record-high stock market

Have: (14)
Wilson
Harding
Coolidge
Hoover
Eisenhower
Kennedy
Johnson
Nixon
Reagan
Bush Sr.
Clinton
Bush Jr.
Obama
Trump

Haven't: (3)
Roosevelt
Truman
Carter

To be fair, Roosevelt was president for 14 years. But on the other hand he came to power during the Great Depression. Arguably the market didn't fully recover until after Truman was finished as well.

But let's assume those are lame ass liberal cuck arguments, and it's their fault cause they sucked. Still, 13/16 presidents before Trump were good enough to preside over a record stock market.

A simple sign test would tell you it would be surprising if Trump didn't preside over a record stock-market, independent of his qualities as a president.

So maybe that's not the best argument in his favour.

In 2017, the record was set for the most record-high days for the stock market in a calendar year. #winning #maga #trump2020

None of them had more record-breaking days in a calendar year than Trump did in his very first year. Try again.

[Poopadoop]

None of them had more record-breaking days in a calendar year than Trump did in his very first year. Try again.

Perhaps my point was a bit obtuse so let me make it less subtle so you understand.

Giving Trump sole credit for the stock market is akin to giving Hoover sole blame for 1929 or Truman sole blame for having a lower stock market in 1950 than existed in 1928, or Bush sole blame for 2008 or Bush Sr. sole credit for 1989.

Do you follow now?

[spoonitnow]

Perhaps my point was a bit obtuse so let me make it less subtle so you understand.

Giving Trump sole credit for the stock market is akin to giving Hoover sole blame for 1929 or Truman sole blame for having a lower stock market in 1950 than existed in 1928, or Bush sole blame for 2008 or Bush Sr. sole credit for 1989.

Do you follow now?

No one here is giving Trump sole credit for the stock market (another of your seemingly endless string of strawmen). However, the rise started the day he was elected and has not stopped in over a year while he has been president. That's a strong indicator that his election and policies are a primary cause, though they are obviously not the only cause.

[Poopadoop]

the rise started the day he was elected and has not stopped in over a year while he has been president. That's a strong indicator that his election and policies are a primary cause, though they are obviously not the only cause.

So the people who have money invested in the stock market took his election as evidence that stocks would go up, and bought more stocks. Is that about the gist of it?

[spoonitnow]

[spoonitnow]

So the people who have money invested in the stock market took his election as evidence that stocks would go up, and bought more stocks. Is that about the gist of it?

In a nutshell, it means that net value is increasing, which helps everyone. It does not mean that "people who have money invested in the stock market bought more stocks." In fact, it means that more people want to buy stocks than people want to sell them. That's what drives value up.

Aside from that, take it to the official cuckposting thread. I have no interest in discussing anything related to economics with someone who has proven repeatedly that they don't have the baseline level of knowledge to discuss it intelligently.

[Poopadoop]

I have no interest in discussing anything related to economics with someone who has proven repeatedly that they don't have the baseline level of knowledge to discuss it intelligently.

Lacking baseline knowledge never seems to stop you from spouting off.

[wufwugy]

So the people who have money invested in the stock market took his election as evidence that stocks would go up, and bought more stocks. Is that about the gist of it?

Yes, but the question is more about why that is the gist of it.

Stock prices represent the economy as a whole very closely. The distinction between Wall Street and Main Street that is often talked about isn't quite real. For example, if a Trump election causes a rally in Walmart stock prices, that rally is because investors think that demand for Walmart goods will go up, and that demand is about the same as what pushes up Joe and Sally's Corner Grocer too.

There are a lot of caveats to this, but that scenario is the usual and general one.

[wufwugy]

Yes, but the question is more about why that is the gist of it.

Stock prices represent the economy as a whole very closely. The distinction between Wall Street and Main Street that is often talked about isn't quite real. For example, if a Trump election causes a rally in Walmart stock prices, that rally is because investors think that demand for Walmart goods will go up, and that demand is about the same as what pushes up Joe and Sally's Corner Grocer too.

There are a lot of caveats to this, but that scenario is the usual and general one.

I put this in a confusion way and somebody could call me on it who knows better. So, let me clarify.

If there is an increase in demand for retail that includes anything from Walmart to Joe and Sally Corner Shop, one of the reflections is in the stock price of retailers. Most retailers are not traded publicly, but that does not mean that it is only the publicly traded ones that experience the gains. Stock exchanges are structured for an important purpose of acting as a good proxy for the movement in the economy.

[Jack Sawyer]

No one here is giving Trump sole credit for the stock market (another of your seemingly endless string of strawmen). However, the rise started the day he was elected and has not stopped in over a year while he has been president. That's a strong indicator that his election and policies are a primary cause, though they are obviously not the only cause.

Really? Well, goddamn

In 2017, the record was set for the most record-high days for the stock market in a calendar year. #winning #maga #trump2020

Must have gotten the wrong impression from this post then

However, the rise started the day he was elected and has not stopped in over a year while he has been president. That's a strong indicator that his election and policies are a primary cause, though they are obviously not the only cause.

Ok ok, wait for it