@zenvelo Before you start all your panicked hand waving it would greatly help if you read my entire answer. ” So if you look where the DJIA was just a year prior to Obama taking over”
Facts are a fickle thing when you look closer at the market in 2008, it fell another 2,400 points from the day Obama was elected to it’s crash low of 6,600 points in Feb 2009. That’s all on Obama who did little then and still to this day done to instill confidence in the financial markets.
”“The performance of the stock market between Election Day and Inauguration Day might be taken, in part, as a statement of investor confidence — or lack thereof — in the incoming administration,” they wrote. ”
Furthermore it took over 4 more years for the market to get to where it was before the crash (14,000) again thanks in no part to Obamas restrictive and constrictive tax and fiscal policies. Additionally analysts had this to say about our new President in early 2009
“A hemorrhaging stock market cannot be dismissed as a cyclical phenomenon. Today’s market conditions are a direct result of choices made by this administration.”
Now with the markets meteoric 2,000 point jump since Trumps election, it is worth repeating…
”“The performance of the stock market between Election Day and Inauguration Day might be taken, in part, as a statement of investor confidence — or lack thereof — in the incoming administration,” they wrote. ”