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Old 08-04-2009, 11:33 AM
 
Location: New Albany, Indiana (Greater Louisville)
9,585 posts, read 20,468,292 times
Reputation: 9077

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It looks like the Obama Bull Market has begun on Wall Street. Like in most recessions the stock market recovery begins before the jobs do.
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Old 08-04-2009, 11:37 AM
 
5,165 posts, read 5,170,630 times
Reputation: 1064
Quote:
Originally Posted by censusdata View Post
It looks like the Obama Bull Market has begun on Wall Street. Like in most recessions the stock market recovery begins before the jobs do.
Good thing those Wall st traders are making $100 million bonuses on our dime.

Citigroup Owes $100 Million Bonus To Trader Who Won Big On Oil - NYT (http://money.cnn.com/news/newsfeeds/articles/djf500/200908020324DOWJONESDJONLINE000274_FORTUNE5.htm - broken link)

It amazes me that you people cannot see that the economy is now a taxpayer funded sham.
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Old 08-04-2009, 11:38 AM
 
23,851 posts, read 19,152,646 times
Reputation: 9377
Well, this is good news it seems. I hope it keeps the current trend. Most people would like to see their 401K balances to pre-2008 levels sometime before they die.
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Old 08-04-2009, 11:39 AM
 
Location: Raleigh, NC
9,043 posts, read 11,327,015 times
Reputation: 1383
inflation will wipe away these paper gains.
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Old 08-04-2009, 01:08 PM
 
Location: Imaginary Figment
11,457 posts, read 12,353,609 times
Reputation: 4758
Quote:
Originally Posted by ViewFromThePeak View Post
inflation will wipe away these paper gains.
It's never good news for you guys....
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Old 08-04-2009, 01:14 PM
 
Location: Raleigh, NC
9,043 posts, read 11,327,015 times
Reputation: 1383
Quote:
Originally Posted by SLCPUNK View Post
It's never good news for you guys....
The gains are very real now if you get out. I'm loading up on shorts for the next big fall.
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Old 08-04-2009, 01:15 PM
 
Location: Western, Colorado
1,599 posts, read 2,681,000 times
Reputation: 937

YouTube - The truth about the market rally
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Old 08-04-2009, 01:19 PM
 
Location: Over There
5,129 posts, read 4,632,850 times
Reputation: 1205
What I find amazing is that when the stock market was above 13,000 no one gave Bush credit but now because it is rising we are suppose to bow to Obama. I don't think so.
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Old 08-04-2009, 01:26 PM
 
Location: Unperson Everyman Land
28,995 posts, read 19,010,397 times
Reputation: 7765
Quote:
Originally Posted by censusdata View Post
It looks like the Obama Bull Market has begun on Wall Street. Like in most recessions the stock market recovery begins before the jobs do.

And also like in most recoveries, it has nothing to do with anything the government has done in advance so as to take credit for the inevetable. Clinton begged the Congress for a stimulus package when the economy was already on the rebound before he was even sworn in. No one will mention that Fannie was a New Deal boondoggle or that the CRA forced unwise lending or even that Democrats in Congress fought against GSE oversight (proposed by Republicans to include Bush and McCain) reform tooth and nail. Nope, the DOW is up and BO is in the White House therefore BO made the DOW go up.

Sorry, Folks, The CRA Really Did Require Crap Lending Standards
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Old 08-04-2009, 01:38 PM
 
Location: Portland, Oregon
7,091 posts, read 10,490,270 times
Reputation: 4104
I just think it's hilarious that people scream that Obama ruined the economy with the stimulus, but when it starts to work they scream it was really Bush's stimulus. One of those times when it's yours if something goes right, but some one else's fault if it had gone wrong. More hypocrisy.
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