The DOW went from about 750 to nearly 1200 with Obama in ,and all they do is bitch.
Unemployment will stay above 7 percent for a long time.
We can not return to low budgets and low deficits of the Dems and Clinton.
The Repub policies do not improve employment.
The socialism of the rich will continue. They can take great risks and get tax payer money if they fail. It is good to be plutocrat.
I think you might be missing a zero or two, there.
Regards,
Shodan
one
So which are you claiming - that the Dow was at 750 when Obama took office, or that it is 1200 now?
Regards,
Shodan
Well sparky, the Bush mess brought it down to 6547 in March 2009. It is now close to 12000. Why would investors not be happy with Obama?
I see you found your missing zero - good for you.
Did you ever figure out where the money from the Social Security IOU fund went? Or is it like paying interest on a mortgage?
Regards,
Shodan
Stocks always gain a little when layoffs are announced. It means companies are going to let more money drop to the bottom line.
I’m guessing if there’s a possibility joblessness will go down, stocks will go down, too.
This is kind of a small-time investor retail view of “the markets” and I can’t tell if it’s tongue in cheek or not.
Right now I’d say “the markets” have no net opinion, and that the idea that the markets simply look at Dems v Republicans is yesterday’s news.
It appears to me the election turned out about as expected, which would mean the results were already factored in. But there’s so much other crapola going on that neither the Dems nor the Republicans know how to unwind it, and so the markets don’t really know right now who and what are going to get job growth going again.
As an indicator of how topsy-turvy things are, look at the behaviour of gold. Money is as cheap as it’s been for half a century; one fear is asset devaluation (especially with houses, which drives a lot of retail spending) and yet gold is at a decades high (because of fears, I think, that currency itself is in a huge bubble, and interest rates have to rise Real Soon Now). That’s really weird.
It does not exist except in a twisted conservative mind. The 2.3 trillion is owed to SS. It has much more money paid in than they pay out. it will be solvent at 100 percent for another 39 years.