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Old 03-18-2017, 09:52 AM   #21
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Presidents like to take credit for good markets, but then like to shift blame to others for bad markets. Imagine that...

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Old 03-18-2017, 11:27 AM   #22
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Years ago Luis Rukeyser (of Wall Street Week fame) interviewed his father Merryle (an accomplished financial journalist) and asked if the president made a difference. In his opinion it didn't matter one bit who was president.

The worst decisions are usually made in times of anger and impatience.
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Old 03-18-2017, 11:36 AM   #23
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Every president saw severe corrections or bear markets on their watch. The average loss over all four-year terms was 30 percent. The average loss under a Republican was 37 percent while the average loss under the Democrats was 24 percent.
Originally Posted by growing_older View Post
I understand the idea that every term saw a bear market sometime, but this quote doesn't say that. Maybe I'm a lazy reader, but I don't want to have to figure out that what the author wrote isn't what he really meant, I'd prefer that he just write to be understood in the first place, instead of erring on the side of sensational claims.
The article author did add that "But these differences don’t really tell you much about the two parties. The stock market does not care about Republicans or Democrats."

For example, the tech bubble burst and 9/11 would take down the market no matter who the president was. Looking at the list of market meltdowns in the article, one sees that there have not been that many market crashes. Hence, the sample size is not that large to draw meaningful statistics.
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Old 03-18-2017, 01:05 PM   #24
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Large impact years after they have left office. Keeps you guessing............
Much less impact than say, a Korean missile.............

"I couldn't wait for success, so I went ahead without it." Ret. 2013 @ 51.
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