There’s little doubt that the country’s economy is on the uptick. Investors are seen as the biggest benefactor of the recent economic engine, according to former Sen. James Webb. The democrat, who could announce his candidacy in the 2016 presidential race, claimed:

    "The stock market has almost tripled since April of 2009."

PolitiFact rated the claim for its truthfulness. PolitiFact writer Joshua Gillin says it rates MOSTLY TRUE. According to Gillin, the numbers match up.

“For everything except the Dow Jones, that was pretty accurate,” Gillin said. “If you round up a little bit, all of them went up about three times what they were in April 2009.”

PolitiFact compared four indices: the Dow Jones Industrial Average, the Standard & Poors 500, the NASDAQ Composite and the Wilshire 5000. But one expert points out, comparisons like this is one are only as good as their start and end dates.

The economist points out a better comparison might be with the stock markets previous high in 2007. Because of these facts, PolitiFact rated the claim MOSTLY TRUE.

SOURCES: STOCK MARKET TRIPLES