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Remember back 4 years ago when all those investing geniuses out there were predicting the stock market would tank under Obama?
Funny, that didn't happen - and indeed the markets have rallied under Obama in a HUGE way. The S&P has now regained 91% of what it lost in the onset of the Great Recession and is now less than 100 points away from it's all time high. How soon it will break that old record no one can say, but clearly we've come a longgggggg way in just 5 years.
Remember back 4 years ago when all those investing geniuses out there were predicting the stock market would tank under Obama?
Funny, that didn't happen - and indeed the markets have rallied under Obama in a HUGE way. The S&P has now regained 91% of what it lost in the onset of the Great Recession and is now less than 100 points away from it's all time high. How soon it will break that old record no one can say, but clearly we've come a longgggggg way in just 5 years.
What I remember is most people didn't have much left after the collapse and didn't have anything to invest. Their equity was wiped out by the big government you love. The ones who did have money made money. God bless the one percent!
Of course with household income down 4k from 4 years ago and rising prices who has money to invest now? Not the working stiff.
Look up Quantitative Easing and get back to us. I could make a mint if government paid off my gambling losses every year.
We've also had huge amounts of money flowing into the stock market due to monetizing the debt.
Bernanke pumping money into the system has more to do with it than Obama sitting at his desk in the Oval Office IMO.
Wall Street is not a reflection of Main Street anymore. Institutional trading and HFT have taken over. Ride their coat tails for what it's worth.
Yep, under Obama the rich are doing nicely. Especially those in the now-richest region of the country, the area around Washington DC. The poor and middle class, those who earn a living by the sweat of their brow, aren't doing so nicely.
Yep, under Obama the rich are doing nicely. Especially those in the now-richest region of the country, the area around Washington DC. The poor and middle class, those who earn a living by the sweat of their brow, aren't doing so nicely.
I'm middle class and I've benefitted from the stock market rally - as have the MILLIONS of Americans who have either a 401K or company pension. If you have neither of those maybe you should have gotten an education so that you had a better job.
What I remember is most people didn't have much left after the collapse and didn't have anything to invest. Their equity was wiped out by the big government you love. The ones who did have money made money. God bless the one percent!
Of course with household income down 4k from 4 years ago and rising prices who has money to invest now? Not the working stiff.
Look up Quantitative Easing and get back to us. I could make a mint if government paid off my gambling losses every year.
Snake oil for sale, come and get it.
There are 50 MILLION 401K accounts in this country.
That's a LOT more than "one percent".
There are 50 MILLION 401K accounts in this country.
That's a LOT more than "one percent".
Ken
Average balance is $75K and most owners don't understand the stock market well enough to be astute investors so they just go with the herd from what their monthly 401K newsletter tells them.
2007 to 2012 saw the average balance only go up $6K ($69K-$75K). That's hardly making out like a bandit.
That's both investment return and additional contributions.
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