Dow was under 9,000 when Obama took office. Reached 20,000 on his watch. It's not going to double under Donny.
A lot of the rise during 2017 was spillover from Obama, just like the Dow kept falling initially under Obama, because of the mess Dubya had created. At the beginning of 2018 the Dow reached 26,000. Do you think it will get that high again under Trump? I think it's questionable. We'll see.
His tax cut does help the businesses, but the economy likes stability and predictability, and those are not Trump's forte. The recent sharp drop came after he shut down the goverment over his wall fixation and then picked a fight with the federal reserve. One of the key concepts of an independent central bank is that the politicians should not interfer.
The fed has rules and guidelines that they should adher to to help stabilize the economy. They are not to take orders from politicians. Guess someone forgot to tell Donny, or else it must have slipped his slippery mind.
The trade wars are really going to hurt. The American car industry is already bleeding, and if he keeps messing with China, that will inevitably hit the farmers in the gut.
But we'll see. If anything, Trump is not predictable. Maybe he'll surprise us all and change for the better?
