Stock Market Tanking

[GMDino]

(12-20-2018, 08:37 PM)TheLeonardLeap Wrote: Presidents since GW:
-Obama
-Trump

2nd worst out of 2 = 1st place?

Gold Medal.

Either you've gotten your account hijacked by Lucie, or you severely missed the mark of what you were trying to say with that poorly worded factoid.

Of ALL time it is the second worst second year.

From the article I linked:

Quote:As of writing, both the Dow and the S&P 500 are down for the year. For as good as Trump’s first year was — and, in terms of market expansion, it was good — his second year hasn’t been that great. In fact, it’s poised to be one of the worst second years for any president in the history of the Dow in terms of points.

The only one that has been worse? 2002, George W. Bush’s second year in office.

...

Quote:There are some important caveats there. One is that the markets have been very volatile of late, so things could change rapidly. Another is that the Dow is much higher now than it was even two decades ago, meaning that changes have been much larger.

If we look at the change in 2018 to date as a percentage of where it started, 2018 is the eighth-worst second year for any president since William McKinley. The worst was at the outset of the Great Depression in 1930 (when the markets were open more frequently); the best, 1954.