Stock Market: Best July in decades (dollar, economy, money, state)
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Actually, the economy was fantastic under GWB for the first six years. Then the demos took over congress and it has been down hill every since.
Nothing to spin, the demos have completely riuined the economy...
Pay attention....!
Yea!
Just what I have been saying, I was making tons of money under Bush and did so in the stock market as well, was smart enough to get out before the last mini crash that wiped out many peoples life savings recently.
And yes you are totally correct, the Bush economy was awesome until Nancy and Harry took over.
It does not take much to find the facts to prove it.
Rember when Clinton was president? The budget was balanced, the economy boomed, real incomes for the middle class were rising, and these boards were flooded with messages from conservatives claiming the President has nothing to do with economic performance. Now, after six months of a Democratic president and two years of a Democratic congress, it's all the "liberals" fault and Obama has "failed". Too funny.
Yea I remember the days when a man named NEWT helped Clinton out of his hole he dug.
And remember when the country dumped the over spending over taxing dems in 1994 and NEWT brought us all those thing you mentioned.
Thanks to Newt we saw progress from a dem congress who like this current one has caused yet another economic downfall.
So, what part EXACTLY is "spinning"?
The fact that the country went into recession after 9-11?
The fact that the economy during the Bush years was built on housing bubble?
Or the fact that he Presided over TWO recessions?
Just what I have been saying, I was making tons of money under Bush and did so in the stock market as well, was smart enough to get out before the last mini crash that wiped out many peoples life savings recently.
A "mini" crash?
The biggest stock market collapse since the Great Depression was a "mini" crash?
Or maybe you are referring to the crash which bottomed out in 2002 (Bush had 2 crashes you know?).
Is this the same stock market that is in POSITIVE territory since Obama?
The fact that you managed to get out before it all fell apart under Bush doesn't change the fact that the market performed poorly under him - with lucky timing folks can make money under any President. The fact is, Bush inherited a market of around 10,000 and left Obama with a market of around 8,000. And that's a FACT.
Good Job Junior!
If you look at the stock chart it's CLEAR Bush had NO EFFECTIVE GAIN in the markets (compared to the time he came into office) up until 2006, so folks with money already in the market effectively had NO gain the first 5 years of Bush. ALL their gain came from 2006-2008 - which was ALL bubble and ALL wiped out (and then some) in the final year and a half of his administration.
THAT'S VERY CLEAR.
So, if you made tons of money under Bush it means you were either very clever or very lucky (most folks lost a LOT).
The fact that you weren't smart enough to take advantage of the 40%+ gain that's occurred over the last 5 months or so leads me to suspect it was the latter (not that there is anything wrong with being lucky).
Ken
Last edited by LordBalfor; 08-01-2009 at 07:02 PM..
Well, I'd been holding on all through most of last year, watching my 401K value go down, down, down. I hoped that after the election it would improve but alas it did not. Finally, in mid-November I threw in the towel and transfered into a "stable fund". Got back in in early December and saw some pretty good gains but then in January it deteriorated again and most of those gains vanished before I returned to a "stable fund". Finally, a couple of days after the low of early March I got back in and between those ins and outs I've seen a 50%+ gain from my low. Add to that the extra money I've been adding each payday and I'm pretty much back to my all-time high.
Now, If ONLY I'd been smart enough to get out of the market a year and half ago before jumping back in in early March of this year I'd have made a REAL killing.
As you said, the guy who bragged about getting out of the market before Obama missed out on a HUGE rally where he could have increased his nest egg by more than 40%.
My 401K took a beating over the last year and half - but NONE of it's happened under Obama.
Ken
Stock market has recovered from every Bear market. Why would you not buy more share when they are so cheap?
Yea you would have made a killing but no one knows how the market will do. I would not worry about timing the market. Just stick to your plan.
enjoy it while it lasts~!
what GDP growth? GDP growth down 1%
fewer unemployment? unemployment rose to 585,000 last week.
we are bound to have a short track up soon because of all of the borrowed money pumped into the system. wall street loves that! it looks like a guarantee of money with no risk whatsoever! wait until the money stops being printed. this is the fun spending part of the credit card charge.
long-term, however, our economy is in worse shape than it was previously. our debt is higher and our interest payments will be higher. our dollar is still depreciating and we have less purchasing power.
so you can crow about the stock market but that doesn't mean that americans are going to be better off than they would have been without the bailouts and without the stimulus. government is only concerned with the illusion of prosperity instead of actually addressing the issues that need to be addressed to increase real jobs or pay decent wages. ask yourselves how long did the stimulus checks propel the economy forward? they certainly did for a little while, but then it was over.
The GDP was down 1% but much less damage then the Economist predicted.
It sure rose but not as much as previous months. We are almost out of this recession. Must earlier then expected. I think after third quarter we will be out of recession.
Interest payment for what? That depends on your credit.
Most of Americans asset are in the Stock market and Real Estate. Both are rising!
Actually, the economy was fantastic under GWB for the first six years. Then the demos took over congress and it has been down hill every since.
Nothing to spin, the demos have completely riuined the economy...
Pay attention....!
Under Bush, it was 2 recessions.
Its been up since Demos took over.
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