Barry Ritholtz, Columnist

There's Lots of Precedent for the Trump Rally

Market gains since Election Day have been nothing out of the ordinary.

October 13, 2017 at 3:04 PM UTC

Barry Ritholtz is a former Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”

Wonder if he mentioned the Washington rally.
Source: GraphicaArtis/Getty Images

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The other day, President Donald Trump shared a few thoughts about the stock market.

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.