Quote:
Originally Posted by OneHungLo
What's funny is the market was almost at 14k six months before Obama got in. and with ZERO fed rate hikes for almost 7 years it finally hit 18k on the night Trump was elected. How many times has the Fed raised the rate since Trump took office? Oh you don't consider that I bet.
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Fake news!!!!!!!!
The DOW was under 8K when Obama took office.
From Politifact.
Starting with Trump’s inauguration, the Dow has risen from 19,827.3 to 25,075.1 -- an increase of 26 percent. That’s impressive.
But it’s not as impressive as its performance during the equivalent period under Obama. Under Obama, the Dow increased from 7,949.1 to 10,572 — a rise of 33 percent.
The market increased 149% under Obama.