Detailed text transcripts for TV channel - MSNBC - 20170803:

Detailed text transcripts for TV channel - MSNBC - 20170803:03:44:00

much blame and too much credit for the stock market. i'm not generally one to assign blame or credit for the stock market. the dow closed at 6200 on march 6 24, 2009 right after the financial crisis right after president obama had taken office. it has gained a lot of points since then. 16 thousand of those points were in the obama administration. so we're at 22,000 now. i guess it was 18,000 when president trump took over. he gets some credit for that. but this dow has been in largely a straight line up since 2009. so that's the way the stock market was going in the first place. number two, there are some stocks like industrial stocks, infrastructure stocks, banking stocks that surged after the election on the hopes that a trump administration would be favorable to those companies. that he situation continues even if much legislation has been passed there's not going to be more regulation. >> like bechtel. bechtel builds big things. >> big engineering if i were, big construction company. caterpillar, companies like

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