Friday, December 22, 2017

Do we owe the growth of the Dow to Trump? Nope, says legendary stock picker Ken Fisher's firm.

Donald Trump is fond of claiming that the stock market is going up because of him.

That your 401(k) is rising in value because of him.

That he's the savior of the American economy.

Not so, says the firm of legendary stock picker Ken Fisher.

Back in April, they put out a YouTube video that pointed out, among other things, that America's stocks were actually lagging behind stocks in other countries. Eighteen other countries were ahead of us, among them Spain, Egypt, Denmark, Greece and Poland. 

In fact, compared to Poland, the growth of American stocks has been a Polish joke.

The question is, when stocks crash, or simply deflate like a leaky balloon, will Donald Trump also take credit? Or will he blame the disaster on Hillary Clinton?

I usually hate putting advertisements on my blog, but this one's worth watching:

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