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Demovictory9

(32,449 posts)
Mon Mar 23, 2020, 06:16 PM Mar 2020

The entire Trump stock rally is gone

https://www.cnn.com/2020/03/18/investing/stocks-erase-trump-gains/index.html

New York (CNN Business)The Trump stock rally, which at its peak only last month seemed unending, has evaporated.

The S&P 500 (SPX), the broadest measure of the US stock market, dropped below 2,264 points on Monday, falling past its closing level on January 19, 2017, the day before President Donald Trump took his oath of office.
Stocks finished in the red across the board on Monday, after the Senate failed to agree on the multi-trillion economic relief package put forward by the administration.
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The entire Trump stock rally is gone (Original Post) Demovictory9 Mar 2020 OP
Another 12000 points he will wipe out Obama's doc03 Mar 2020 #1
Obama's highest day before the 2016 election was 18636. Aquaria Mar 2020 #2
Just because he claimed it as "his" stock rally aka-chmeee Mar 2020 #3
Trump claims it was "his" rally, we can call it his crash... Wounded Bear Mar 2020 #5
24,719 is what he took over Johnny2X2X Mar 2020 #4
"Trump stock rally?" Anneken Tappe is a jackass. nt greyl Mar 2020 #6
 

Aquaria

(1,076 posts)
2. Obama's highest day before the 2016 election was 18636.
Mon Mar 23, 2020, 08:27 PM
Mar 2020

We're below that now. And falling.

The market has lost 10,959.49 since 12 February. 27 trading days (of 40 total days), 37% of the market--gone.

Like doc03 said, we're not far from the empty tank that Obama inherited. If we can lose 10,959.49 in 27 trading days, then it'll be nothing to shed 10,642.84. At the rate we lost 10959.49, we could dive down to the 7949.09 that was the lowest market value under Obama, in around 27 more days (actually 26 and a few hours, but I'm being nice).

27 trading days from now is 29 April.

Well, might as well have some fun with the disaster that I think is coming:

The pool starts now on when we hit 7949. Place your bets here!

I'll be generous and take 8 May.

aka-chmeee

(1,132 posts)
3. Just because he claimed it as "his" stock rally
Mon Mar 23, 2020, 10:20 PM
Mar 2020

doesn't mean it is so. He claims every advance on any stage as his own.

Wounded Bear

(58,647 posts)
5. Trump claims it was "his" rally, we can call it his crash...
Mon Mar 23, 2020, 10:41 PM
Mar 2020

We all know that it was really just a continuation of the Obama economy, with a huge tax break to pump up the bubble.

Johnny2X2X

(19,038 posts)
4. 24,719 is what he took over
Mon Mar 23, 2020, 10:21 PM
Mar 2020

January 1st 2018, that’s the day his tax rates, and all other policies went into effect.

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