Joined: 08-21-2006 Posts: 6,441
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frankj1 wrote:were you thanking Obama 6.5 years you were making money after the horror? doubt it. frankj1, I read my statement over again and please advise me where I gave credit to President Trump or disparaged President Obama regarding the stock market. My belief is that Presidents take to much credit for a good market and get to much blame for a poor one. The historical returns for the S&P at the end of each year are as follows: Dec. 31, 2017: 21.83% Dec. 31, 2016: 11.96% Dec. 31, 2015: 1.38% Dec. 31, 2014: 13.69% Dec. 31, 2013: 32.39% Dec. 31, 2012: 16.00% Dec. 31, 2011: 2.11% Dec. 31, 2010: 15.06% Dec. 31, 2009: 26.46% Dec. 31, 2008: 37.00% Dec. 31, 2007: 5.49% My statement and belief is based on the real possibility that if there were to be an indictment the market would suffer a quick pull back and I am protecting myself. If there is no indictment then the market would probably not change very much and I would get back in. You do remember the ABC News Chief Investigative Correspondent Brian Ross statement that sank the stock market? In the polarized political enviroment we are in, news of an indictment in my opinion would again cause a sell off.
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