how many points has the stock market jumped since Obama took office?

[mugs]

Originally posted by: heyheybooboo

Originally posted by: mugs

Originally posted by: Lemon law
Oh boo hoo hoo, when Clinton left office the Dow stood at 12,000

Not even close. More like ~10,500. The dot-com crash had already begun when Clinton left office, and continued into Bush's first term. Bush inherited a declining economy just like Obama did.

I'll give yah both a minor fail ...

From mid-99 until after 9/11 the DJIA rather consistently remained around 10k-10.5k and seems to start a steady decline after 2Q-02.

You're right, but I only mentioned the DJIA because Lemon law was way off on his estimate of its value when Clinton left office. The DJIA is only 30 stocks. Look at the NASDAQ Composite index or the S&P 500. The NASDAQ dropped more than 50% starting in March 2000, and the S&P 500 dropped about 30% prior to 9/11.

 

[Budmantom]

Originally posted by: mugs

Originally posted by: Budmantom

Originally posted by: mugs

Originally posted by: Budmantom

Originally posted by: mugs

Originally posted by: Budmantom
Because of Obama the stock market has rocketed 600 points, Obama has lost 2,500,000 jobs & Obama has spent $100's of billions to make this magic happen.

He has a gift.

I wonder sometimes if you people really believe this stuff. Seriously - do you think that's Obama's fault?

No no I'm a sheep, I think that Obama has caused the stock market to soar a whopping 600 points, but has has absolutley nothing to do with the 2.5 million job losses and he has nothing to do with the 100's of billions that has been wasted.

He's a victim, it's all on Bush.

Oh wow.

Unemployment is @ 8.9% the economy shrunk by 6.1% and Obama has no accountability but he himself alone is responsible for the dow going up 600 points.

I haven't given Obama credit for the (apparent) stock market turnaround. You are blaming him for the job losses, because you're a partisan hack.

Yeah I'm a partisan hack because I said that if he gets the credit for the 600points he gets the credit for the rest of the economy.

 

[retrospooty]

Originally posted by: Budmantom

Yeah I'm a partisan hack because I said that if he gets the credit for the 600points he gets the credit for the rest of the economy.

No, you're a partisaned hack because you are here just about every day, and you do absolutely nothing but blindly bash the left and blindly agree with the right. When pure logic is pointed out to you, you avoid the subject and throw out insults. You are the very definition of partisaned hack.

BTW, your asinine sig really makes you look like a closet case.

 

[mugs]

Originally posted by: Budmantom

Originally posted by: mugs

Originally posted by: Budmantom

Originally posted by: mugs

Originally posted by: Budmantom

Originally posted by: mugs

Originally posted by: Budmantom
Because of Obama the stock market has rocketed 600 points, Obama has lost 2,500,000 jobs & Obama has spent $100's of billions to make this magic happen.

He has a gift.

I wonder sometimes if you people really believe this stuff. Seriously - do you think that's Obama's fault?

No no I'm a sheep, I think that Obama has caused the stock market to soar a whopping 600 points, but has has absolutley nothing to do with the 2.5 million job losses and he has nothing to do with the 100's of billions that has been wasted.

He's a victim, it's all on Bush.

Oh wow.

Unemployment is @ 8.9% the economy shrunk by 6.1% and Obama has no accountability but he himself alone is responsible for the dow going up 600 points.

I haven't given Obama credit for the (apparent) stock market turnaround. You are blaming him for the job losses, because you're a partisan hack.

Yeah I'm a partisan hack because I said that if he gets the credit for the 600points he gets the credit for the rest of the economy.

Forget about whether or not Obama deserves credit for the stock market turnaround. Do you or do you not honestly believe that all of the jobs that have been lost since Obama took office are Obama's fault?

 

[cliftonite]

Originally posted by: ProfJohn
I am not sure how much credit one can give Obama for this increase.

The increase is more a sign of a stabilizing economy than a sign Obama is making the right moves.

When the stock market passes its Bush highs then let me know.

Did you not make a thread whining about Obama and his effects on the market when we were near the low point?

 

[retrospooty]

Originally posted by: cliftonite

Originally posted by: ProfJohn
I am not sure how much credit one can give Obama for this increase.

The increase is more a sign of a stabilizing economy than a sign Obama is making the right moves.

When the stock market passes its Bush highs then let me know.

Did you not make a thread whining about Obama and his effects on the market when we were near the low point?

Of course, logic only makes sense when it proves your personal idealogy. Anything else is jsut random occurance. 😉

 

[Budmantom]

Originally posted by: mugs

Forget about whether or not Obama deserves credit for the stock market turnaround. Do you or do you not honestly believe that all of the jobs that have been lost since Obama took office are Obama's fault?

Of course not.

My thinking is that the government(D or R) can do very little to help the economy but can do a lot to hurt it.

 

[ProfJohn]

Originally posted by: cliftonite

Originally posted by: ProfJohn
I am not sure how much credit one can give Obama for this increase.

The increase is more a sign of a stabilizing economy than a sign Obama is making the right moves.

When the stock market passes its Bush highs then let me know.

Did you not make a thread whining about Obama and his effects on the market when we were near the low point?

I think so.

And if I believe right that thread was based on several stories floating around at the time that suggested that the market was lagging because no one was sure what Obama was going to do etc etc. The market dislikes uncertainty and Obama was providing some at the time.

The market is up now because of the overall improving conditions of the economy, most of which have nothing to do with Obama or Bush (except for the TARP related improvements to the banks)

 

[First]

Originally posted by: ProfJohn

Originally posted by: cliftonite

Originally posted by: ProfJohn
I am not sure how much credit one can give Obama for this increase.

The increase is more a sign of a stabilizing economy than a sign Obama is making the right moves.

When the stock market passes its Bush highs then let me know.

Did you not make a thread whining about Obama and his effects on the market when we were near the low point?

I think so.

And if I believe right that thread was based on several stories floating around at the time that suggested that the market was lagging because no one was sure what Obama was going to do etc etc. The market dislikes uncertainty and Obama was providing some at the time.

The market is up now because of the overall improving conditions of the economy, most of which have nothing to do with Obama or Bush (except for the TARP related improvements to the banks)

"We are not currently in a recession". - ProfJohn, August 2008

rofl.

 

[shadow9d9]

Originally posted by: Evan

Originally posted by: ProfJohn

Originally posted by: cliftonite

Originally posted by: ProfJohn
I am not sure how much credit one can give Obama for this increase.

The increase is more a sign of a stabilizing economy than a sign Obama is making the right moves.

When the stock market passes its Bush highs then let me know.

Did you not make a thread whining about Obama and his effects on the market when we were near the low point?

I think so.

And if I believe right that thread was based on several stories floating around at the time that suggested that the market was lagging because no one was sure what Obama was going to do etc etc. The market dislikes uncertainty and Obama was providing some at the time.

The market is up now because of the overall improving conditions of the economy, most of which have nothing to do with Obama or Bush (except for the TARP related improvements to the banks)

"We are not currently in a recession". - ProfJohn, August 2008

rofl.

They don't call him "Prof" for nothing!

Him and douchebag Larry Kudlow would make a great team!

 

[Budmantom]

Originally posted by: retrospooty

Originally posted by: Budmantom

Yeah I'm a partisan hack because I said that if he gets the credit for the 600points he gets the credit for the rest of the economy.

No, you're a partisaned hack because you are here just about every day, and you do absolutely nothing but blindly bash the left and blindly agree with the right. When pure logic is pointed out to you, you avoid the subject and throw out insults. You are the very definition of partisaned hack.

BTW, your asinine sig really makes you look like a closet case.

I don't blindly bash the left.

If I was a closet case I wouldn't have that sig.

 

[Nemesis 1]

Every since I started investing 35 years ago . I have always used the election day as start of new president. As old is lame duck with little power. If you don't use this date you lose money. FACT.

So If you start from Nov 3 . As you should Obamas numbers not looking good. The last lame duck president clinton managed to push threw bill that destoyed economy. You guys every stop to think what was in those buildings 9/11 . All that info gone forever.

You ever stop to think our economy was infact destoyed on 9/11 and a bandaide was put inplace that could never repair the injury of 9/11. THis was the WORLD TRADE CENTER.

 

[retrospooty]

Originally posted by: Budmantom

Originally posted by: retrospooty

Originally posted by: Budmantom

Yeah I'm a partisan hack because I said that if he gets the credit for the 600points he gets the credit for the rest of the economy.

No, you're a partisaned hack because you are here just about every day, and you do absolutely nothing but blindly bash the left and blindly agree with the right. When pure logic is pointed out to you, you avoid the subject and throw out insults. You are the very definition of partisaned hack.

BTW, your asinine sig really makes you look like a closet case.

I don't blindly bash the left.

Really? so, just like the republican party, your in denial now too?

You can say what you want, believe what you want. You and I, or anyone else on any forum wont be solving the ideological divide... but you cannot possibly deny that your sole purpose here is to bash the left. you do nothing at all here but left bashing. Every single day. You have no need to deny it, your posts tell the story. anyone that comes here regular can see that.

And what is with the sig then? Why, of all the possible things you can put, would you have to point out to the world soemthing like that? You sig is a personal tag that says something about you. What is your sig supposed to mean? "I am strait and dont like gay people" seems an odd thing to say.

 

[villageidiot111]

Originally posted by: Nemesis 1
Every since I started investing 35 years ago . I have always used the election day as start of new president. As old is lame duck with little power. If you don't use this date you lose money. FACT.

So If you start from Nov 3 . As you should Obamas numbers not looking good. The last lame duck president clinton managed to push threw bill that destoyed economy. You guys every stop to think what was in those buildings 9/11 . All that info gone forever.

You ever stop to think our economy was infact destoyed on 9/11 and a bandaide was put inplace that could never repair the injury of 9/11. THis was the WORLD TRADE CENTER.

I am incredibly confused by what you just said. Perhaps you should rephrase all of your sentence fragments into a comprehensible paragraph.

 

[Muse]

Originally posted by: Hacp
We just lost 800k jobs. Grats Obama.

Oh, like it's his fault. :roll:

 

[StageLeft]

Bump 😉

 

[Red Dawn]

Originally posted by: ProfJohn
The 40% drop occurred mainly at the end of his term as we entered a recession.

You make it sound as if his entire term was an economic failure, and that just isn't the case.

No it was just leading up to economic failure.

 

[Darwin333]

Interesting take on todays rally

I know we have some market gurus in here, whats your take? Simply coincidence or potentially valid?

 

[tk149]

How many jobs have been lost since Obama took office?

See how silly this is? If you give only Obama credit for a higher DJIA, you have to give him credit for the job losses too.

Bush's bailouts affected the economy too.

 

[Blackjack200]

Originally posted by: tk149
How many jobs have been lost since Obama took office?

See how silly this is? If you give only Obama credit for a higher DJIA, you have to give him credit for the job losses too.

Bush's bailouts affected the economy too.

The DJIA is a leading indicator of economic activity.

Jobs are a trailing indicator of economic activity.

Back to Economics 101 with you.

And I have no problem giving Bush credit for TARP, but realize that TARP happened with the country on the verge of economic collapse, and Bush's policies were part of what got the country there.

 

[cubeless]

just making sure i'm on record saying that the market going up is as much bo's doing as it was and will be if/when it goes down... never be it said that i am not fair and balanced... he's a genius as long as the balls all stay in the air... just be ready for the vitriol if/when it goes down... you wants to claim the credit, you gots to take the blame, too...

 

[Fear No Evil]

And our national debt has doubled to 20 trillion and we are spending 4 trillion a year. With that kind of spending of course the market is going to go up - Its called inflation.

 

[spittledip]

Originally posted by: Fear No Evil
And our national debt has doubled to 20 trillion and we are spending 4 trillion a year. With that kind of spending of course the market is going to go up - Its called inflation.

This is my worry. When will our dollar drop to the value of Jamaican currency? People are a bit too short-sighted. Even if our economy improves in the short run, our dollar's value in the international market might drop significantly. If that happens, well, the outcome is pretty obvious.

 

[fskimospy]

Originally posted by: spittledip

Originally posted by: Fear No Evil
And our national debt has doubled to 20 trillion and we are spending 4 trillion a year. With that kind of spending of course the market is going to go up - Its called inflation.

This is my worry. When will our dollar drop to the value of Jamaican currency? People are a bit too short-sighted. Even if our economy improves in the short run, our dollar's value in the international market might drop significantly. If that happens, well, the outcome is pretty obvious.

What do you think the outcome is from an internationally weaker dollar?

 

[glenn1]

Originally posted by: ProfJohn

Originally posted by: cliftonite

Originally posted by: ProfJohn
I am not sure how much credit one can give Obama for this increase.

The increase is more a sign of a stabilizing economy than a sign Obama is making the right moves.

When the stock market passes its Bush highs then let me know.

Did you not make a thread whining about Obama and his effects on the market when we were near the low point?

I think so.

And if I believe right that thread was based on several stories floating around at the time that suggested that the market was lagging because no one was sure what Obama was going to do etc etc. The market dislikes uncertainty and Obama was providing some at the time.

The market is up now because of the overall improving conditions of the economy, most of which have nothing to do with Obama or Bush (except for the TARP related improvements to the banks)

Another possible explanation is that the markets sold down on fears of some new healthcare boondoggle; and now is going up since UHC seems like it may be in trouble and/or may die altogether, like the the Clinton healthcare proposal before it.