CID1990 wrote:mainejeff wrote:
On Jan. 23, 2009 when Obama took office.....the Dow stood at 8077. When he left office it was 19827 on Jan.20, 2017. That's +11750 (+168%).
When Trump took office on Jan.20, 2017 the Dow stood at 19827. It now stands at 25967. That's +6140 (+31%)
You must be one of those horrible emotional investors if you didn't get higher returns from 2009-2017.
He usually vets numbers and stuff
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It's not numbers in this case. In my opinion it is and always has been the positions to two governments are in along with the fact that US consumers have become accustomed to cheap Chinese goods.
I saw a female talking head say something about it the other day. I can't remember it exactly but it was basically that China thinks in terms of centuries and millenia while the US thinks in terms of days and months.
There's also the fact that China's government doesn't have to worry about being overturned during elections. They can take short term perturbations.
I continue to think Trump will lose on this matter. I think that if Trump thinks he has the advantage in this he could not be more wrong. We'll see.