New York, NY — It is no secret the stock market has skyrocketed since Donald Trump was elected President of the United States on November 8, 2016. Trump will not take the office until January 20, 2017, but the Standard & Poors Index has been up 2.4 percent while Warren Buffett’s Berkshire Hathaway has risen almost 8 percent to $240,000 per share since the presidential election.
Interestingly, Buffett was supporting Trump’s opponent, Hillary Clinton to be the next president. Long before the election, Buffett is quoted as saying, “We’ve operated under price controls, we’ve had 52% federal taxes applied to our earnings… we’ve had regulations come along. I will predict that if either Donald Trump or Hillary Clinton become president Berkshire will do fine.”