@Walter Hinteler,
I've followed the DOW most of my adult life, because of our in investments. It has nothing to do with the president. Most times, it moves based on emotion, and not the macro economy.
How often have we heard during the past couple of years that the stock market was too high and would lose up to 80%.
Most of the pundits also recommend that the older one gets, they should increase their bond holdings. Hogwash! It's the economy, stupid! As long as the US economy continues it's growth, that's what matters.
According to the pundits, we should be invested in equities at 20% and bonds at 80%. Our investments are the reverse of that recommendation. Guess how much we've gained by not listening to the pundits the past couple of years? The stock market hit new highs.