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Re: FastMny post# 14346

Friday, 10/09/2020 9:22:13 AM

Friday, October 09, 2020 9:22:13 AM

Post# of 16650
And I knew that was going to be your reply, again look at a chart. The market before the crash in 2008 was at 11,400 coming off a market high of 14,660 the previous year in Oct 2007. It was a financial crash, it would have rebounded the same way it did with anyone in office. So the rebound back to the previous high took six years until April 2013. Six years to get to the previous high! Put that aside and just go from the day before it crashed to the day before Trump won and the growth of the market was only approximately 6,500 points. Go off the previous high in 2007 and the growth of the market was only around 4,000 points. The growth since Trump took office at a high of 29,388 is over 10,000 points. Lets go to the recent virus crash and impeachment debacle where it bottomed not surprisingly at 18,200 and recovered in less than six months to almost make a new high and we're beating on that door again. You can hate Trump all you want but you can't ignore facts and charts. The market loves Trumps policies and his policies have been what has driven the markets growth since he won. If Biden wins it may take a year or two but once he rolls back those tax cuts for corporations you're going to see a return of the Dow to sub 18,000. Like I said careful what you wish for.

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