DOW UP 19% for 2009, S&P UP 24%, NASDAQ UP 45%. (McCain, unemployment, Christmas)

[LordBalfor]

After an absolutely HORRIBLE 2008, stocks saw terrific gains in 2009 - this in SPITE of claims by the Obamabashers that if Obama was elected the stock market would crash. From their March lows, the DOW and the S&P were up nearly 60% and the NASDAQ nearly 80%.



Ken

[Feel The Love]

I made a killing this year, while I watched all the Beck types run out and buy gold at the top of the market. Way to go yahoos.

[twista6002]

I echo your green smiley face sentiments Ken. With this comes demand, comes jobs, comes a better housing market.

[arielmina]

yep my 401k gained 25% this year, which I am happy with... not to mention unemployment getting better. Just doesn't look so bad where I sit, granted of course there are still many problems, it could have been ALOT worse.

[floridasandy]

Originally Posted by LordBalfor

After an absolutely HORRIBLE 2008, stocks saw terrific gains in 2009 - this in SPITE of claims by the Obamabashers that if Obama was elected the stock market would crash. From their March lows, the DOW and the S&P were up nearly 60% and the NASDAQ nearly 80%.



Ken

i didn't think for a minute that wall street would suffer under an obama administration, and i have been correct in that assumption. he will keep bailing them out until he is out of options.

i would like to know how many americans think that wall street actually rose on fundamentals this year.

[LordBalfor]

Originally Posted by floridasandy

i didn't think for a minute that wall street would suffer under an obama administration, and i have been correct in that assumption. he will keep bailout them out until he is out of options.

i would like to know how many americans think that wall street actually rose on fundamentals this year.

AH, you do know don't you that the bailout affected a handful of firms and that the stock market uptick reflects the economic health of numerous different companies (30 for the DOW, 500 for the S&P 500, and over 3,000 in the NASDAQ)?

Ken

[AuDiBelle]

Wait, I thought you hated Wall Street and its corporate greed, no?

And did you see what the nasdaq did when the hcr was passed in the senate? Who do you think that profits? Main Street or Wall Street?

[floridasandy]

an interesting graph of where the bailout money went:
Pillaging the Average American: Wall Street Paying Back Bailouts with Bailouts. Total Bailout Package Ceiling of $14 Trillion Yet Focus Only on TARP Repayments in the tens of Billions.*-- MrSwing

[florida.bob]

I do have to admit I made some money on Ins. Co. stock, as much as I dislike them, the short term gains were easy to pick. There is no way I will be in many of them for the long term. A few of the larger ones, perhaps. There is still a lot of money waiting on the sidelines, as confidence in the future keeps improving, more and more of that will be coming into the market.

[MiamiRob]

hence the world is not falling apart under Obama and consumer sentiment is up, housing prices have risen for 5 straight months.Sales for Christmas were supposed to be flat yet they were up over 3% since last year.
Can you imagine if we were under a McCain/Palin administration? Remember our mental recession?