, about a year before Obama became President and two months after the Dow 30 Industrials hit an all-time high of 14,165. The Dow then fell over 50% to 6,547 in March 2009, which was three months before the recession officially ended in June.It took from January 2009 until March 2013 for the Dow Industrials to regain its previous high. It then started a string of 50 new highs in 2013 and 38 in 2014.
The numbers do tilt in Trump’s favor when you end Obama’s run on November 8, 2016, when Trump was elected. The Dow reached 18 new highs between his election and inauguration, which would change the totals to 100 vs. 135. I would not be surprised to see the markets record additional new highs as long as the Fed pumps money into the economy.To get a feeling for how profits impact the stock markets, I am using the S&P 500 earnings fromand updated frequently for this analysis.
After the stock markets recovered from the downturn created by the Great Recession, from 2009 to 2012 earnings moved consistently higher until 2014. This led to 50 and 38 record highs in 2013 and 2014, respectively. As earnings flattened out from in 2015 and 2016 there were still new highs but the number of them declined. In 2017 the prospect of a large corporate tax cut provided a large amount of momentum to the markets, even though earnings did not move meaningfully higher until 2018.
Once the tax cuts benefits were baked into earnings forecasts, the number of new highs diminished in 2018 and 2019, coming in at 19 and 22, respectively.I provide independent research of technology companies and was previously one of two analysts that determined the technology holdings for Atlantic Trust (Invesco's high
Legitimately lost all credibility in , i am impressed.
In 8 years !!!!and this is fake News!!!Next
heatherdb1 Ha ha! Fake News and I voted for Obama! Trumps economy and trade deals are amazing! No democrat thought the deals were possible! Well, I have walked away from the Democrats and SO excited to vote for Trump 2020! Democrats stupidity lost me! WalkAway Trump2020
Funny
So far Nations are not helping. Tariffs will bankrupt wine industry Obama has more records Nations are abandoning Anyone not seeing a pattern is blind.
And......
Is this the same Forbes that Malcolm built? Obama did by mortgaging more money than all previous presidents put together
Said Noone ever....🤣
Yet,Trump shouts the loudest, forgetting he was ridding on what Obama achieved. No wonder he is trying do hard to hide Obama's achievements. But can't. Never.
Yeah, but they were the other way
FakeNews
Let eight years reach too now
realDonaldTrump is dunking on 44 recovery
FakeNewsMedia alert! TDS article! Obama took office at market lows from the Great Recession. The implication that Obama’s policies were better for the market is unequivocally false...
So...I would have concluded the opposite....it is much easier to break records after a meltdown ( it is only natural for the market to bounce back).
May be one of the stupidest articles ever, if by the end of eight years it's 300 to 118 are you going to create some more charts to boost your man O.
Only if you count record lows
And thankfully Obama did not feel the need to constantly tweet/shout/brag/boast/exaggerate about them. The level of neediness in the current president* is exhausting
He's the man.
This article is nothing more than instigating a conflict. You know for a fact when you printed this old man child is going to react. You know he will develop more of a stir in his anger towards him. So why do you want this conflict between these 2 names to escalate Forbes?
8 years in office to 3, so maybe but probably not
I love how you manipulated the graph...couldn’t condense it anymore? fakenews irresponsibleheadlines
BS
hey Forbes, how about you hire a 2nd grader who understands numbers to write your articles ...
Obama did it without deregulating, too.
Who is going to tell him? SaturdayMorning SaturdayMotivation
One more record than DJT did Obama have. In 8 years for BHO vs 3 years so far for DJT. This writer is a dope.
And his not from Wall Street.
This won't age well...
get a life looser
So, Forbes Magazine Reports President Obama Broke More Stock Market Records Than Trump .. & ...This Is More Evidence That Trump Will Always Be ....😊😊😊😊😊
no wonder the 2008 meltdown! now I know
So edgy
Make America Great Again After Trump by woolpunk
🤣