President Obama had WV almost destitute. President Trump and his energy policies have turned our state around. The severance tax from gas oil and coal is flowing into our state government. We export coal to 20 plus power plants in India and Africa now.
The S&P 500 has gained 28% since Trump's election win and 24% since his inauguration.https://markets.businessinsider.com/news/stocks/trump-stock-market-performance-above-average-2019-6-1028257192 …
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By the way I live on the OH river in WV. Barge traffic 3 years ago to today is dominated by coal today. 4 to 1. Trains. Well last year and this spring most rails have been repaired and replaced along the OH river. I know because I see it. I know coal trains have tripled because
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Important point is tail winds came from de-regulation
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It has been nice for my portfolio
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Adjusted to inflation?
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He should. I remember numerous experts predicting the stock market would tank if he was elected.
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Paging Paul Krugman
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but
@paulkrugman told me the market would fall that much and we would be in a global recession! -
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Nope, the fed has been raising rates and it still rallied that much. Ill argue all day if we were at 0% fed funds the S&P would be at 4000 through the simple dividend discount model but the g in k-g has been too strong for a fall.
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He says it’s 5-10% under valued
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Most Americans don’t use that yardstick.
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