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Barry Ritholtz: There's Lots of Precedent For The Trump Rally
FYI: Like so many of the president’s statements, this one is objectively false. Our charge today is to set aside the political debate, and instead use his statement as an opportunity to explore ways to compare markets and rallies. Cognitive issues and innumeracy affect all investors, including presidents; this isn't our first discussion of issues like denominator blindness, nor will it be our last. Instead, we can use data to see how the so-called Trump rally compares to others. Regards, Ted https://www.bloomberg.com/view/articles/2017-10-13/there-s-lots-of-precedent-for-the-trump-rally
