Quote:
Originally Posted by Yooperkat
Feel free to invest your life savings based on this malarkey. I couldn't see a better time to do it. Considering how Obama seems to be a shoe in.
To attribute the current rise in the market to a prediction of Obama's chances of winning in November -- is ridiculous.
The best thing for the market will be the day Barack is ousted from office.
The Dow isn't the best measure of the stock market. It follows 30 companies — important ones, household names, but only 30. And it's weighted so just a handful of the most expensive stocks carry the most weight.
And the Dow is certainly not the best measure of the economy. It can rise even when jobs are falling or the economy is shrinking.
|
You wouldn't say that if the DOW was still at Bush's 7500.
And BTW the S&P is also hitting highs, and corporations are producing record profits.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
