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08-04-2009, 12:33 PM
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Location: New Albany, Indiana (Greater Louisville)
11,969 posts, read 24,209,587 times
Reputation: 12097
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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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08-04-2009, 12:37 PM
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5,165 posts, read 5,820,387 times
Reputation: 1072
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Quote:
Originally Posted by censusdata
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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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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08-04-2009, 12:38 PM
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23,839 posts, read 22,250,001 times
Reputation: 9405
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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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08-04-2009, 12:39 PM
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Location: Raleigh, NC
9,055 posts, read 12,513,854 times
Reputation: 1396
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inflation will wipe away these paper gains.
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08-04-2009, 02:08 PM
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Location: Imaginary Figment
11,447 posts, read 13,968,913 times
Reputation: 4777
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Quote:
Originally Posted by ViewFromThePeak
inflation will wipe away these paper gains.
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It's never good news for you guys....  |
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08-04-2009, 02:14 PM
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Location: Raleigh, NC
9,055 posts, read 12,513,854 times
Reputation: 1396
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Quote:
Originally Posted by SLCPUNK
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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08-04-2009, 02:15 PM
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Location: Western, Colorado
1,599 posts, read 3,007,650 times
Reputation: 943
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08-04-2009, 02:19 PM
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Location: Over There
5,094 posts, read 5,252,886 times
Reputation: 1208
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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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08-04-2009, 02:26 PM
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Location: Unperson Everyman Land
37,623 posts, read 24,681,053 times
Reputation: 11990
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Quote:
Originally Posted by censusdata
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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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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08-04-2009, 02:38 PM
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Location: Portland, Oregon
7,084 posts, read 11,646,691 times
Reputation: 4125
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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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