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Old 08-17-2012, 02:45 PM
 
756 posts, read 714,698 times
Reputation: 375

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Well, that broad market index (S&P 500) closed at 1418 today ... just two points shy of making a new four-year HIGH.

The index is UP nearly 80% since Obama took office in Jan. '09 ... making this one of the STRONGEST bull market rallies in HISTORY.

Just one of the MANY reasons why Obama ain't goin' ANYWHERE this coming January


Needless to say, your pal Trader8 has become a VERY wealthy man during the GREAT Obama Bull Market...
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Old 08-17-2012, 02:58 PM
 
Location: Coastal San Diego
5,024 posts, read 7,578,581 times
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Sounds like you were lucky enough to get out of the market before the big drops in 2008/09. I wasn't quite so lucky.
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Old 08-17-2012, 03:16 PM
 
756 posts, read 714,698 times
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Made it partially out ... still took a decent hit

Buffett gave a buy signal in late '08 ... and soon after that I started pouring money into U.S. stocks.

The bottom came in early March '09, so I've made out pretty well on those new shares.
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Old 08-17-2012, 03:49 PM
 
26,511 posts, read 15,088,692 times
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The Great Hoover Market -- The stock market is not a good predictor of where the economy is heading.
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Old 08-17-2012, 03:52 PM
 
5,036 posts, read 5,139,768 times
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Quote:
Originally Posted by michiganmoon View Post
The Great Hoover Market -- The stock market is not a good predictor of where the economy is heading.
Agreed. The economy is still in the gutter. The stock market being high isnt helping out regular average folks. Cant blame the libs for trying though, after all, there really isnt much else except tax returns that they can talk about nowadays.
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Old 08-17-2012, 11:29 PM
 
Location: Pluto's Home Town
9,982 posts, read 13,766,994 times
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Quote:
Originally Posted by BucsLose View Post
Agreed. The economy is still in the gutter. The stock market being high isnt helping out regular average folks. Cant blame the libs for trying though, after all, there really isnt much else except tax returns that they can talk about nowadays.
Sure, I agree. Those with money to invest are doing great. It is all the working stiffs who are hosed. Just goes to show that cutting taxes on the wealthy does not mean they will run out to hire a bunch of folks. Better to play the market with it. The rich look out for the rich, very well.

But don't kid yourself, if the market was tanking the same folks to claim it is no accomplishment would be crowing that it was proof of a huge failure by Mr. O.
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Old 08-18-2012, 12:59 AM
 
Location: West Texas
2,366 posts, read 1,648,114 times
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I'm happy for you, but this election is not about Wall Street. It's about the economy and that's why Obama will be vacating the White House come January.
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Old 08-18-2012, 01:16 AM
 
3,265 posts, read 3,195,339 times
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Quote:
Originally Posted by Trader8 View Post
Made it partially out ... still took a decent hit
Open market stocks are for chumps. With carried interest in 09 you would've seen a negative tax liability on any losses from 08. I know that's how it worked out for me and I'm sure Mittens got the same.
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Old 08-18-2012, 01:51 AM
 
Location: Near Manito
20,169 posts, read 24,340,157 times
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Quote:
Originally Posted by BucsLose View Post
Agreed. The economy is still in the gutter. The stock market being high isnt helping out regular average folks. Cant blame the libs for trying though, after all, there really isnt much else except tax returns that they can talk about nowadays.
It's those rich one percenters again. All Democrats.
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Old 09-06-2012, 02:31 PM
 
756 posts, read 714,698 times
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Another TREMENDOUS rally in the market today

That Nasdaq Composite Index now at its HIGHEST level since Bubba's final year (2000) in office

Dow and S&P 500 also hit MULTI-YEAR highs


Livin' LARGE in The Great OBAMA Bull Market...
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