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Market pullback truth
posted ago by SizeMatters949 ago by SizeMatters949 +39 / -0

I saw the crazy thread on r/politics that this pullback gave back all the gains since Trump took office. This is not true by any measure.

2016 DJIA - 16,000 Today DJIA - 21000

2016 NASDAQ - 4000 Today NASDAQ - 7200

2016 S&P - 1800 Today S&P - 2400

The market is still well up from when Obama was in charge and this temporary pull back will be over in a few months.

Give it a few more weeks to let COVID news move on to something else and start buying up blue Chip stocks that are currently on sale. There will be a hit in some numbers but we will recover even faster than in 2016.

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– rightsouthern 1 point ago +1 / -0

Thank you for posting.

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– Xtracreddit 1 point ago +1 / -0

Thanks for posting this. The iPhone stocks app only shows up to a two year performance chart. It gives a bad impression. If you look at a five year performance chart it’s a completely different story

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