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I didn't even bother clicking whatever ridiculous source that link would lead me too, because the DJIA is still hovering near record highs...
Who's post are you referring to?
Mine - the one above yours?
That was my whole point - the claim that Obama somehow led to the big decline back in 2008/2009 was pure nonsense - as evidenced by the RECORD climb since his election.
Yes, it's very myopic to pay attention only to the stock market.
That's WHY I don't JUST pay attention to the stock market. Back in 2009 I began watching the LEI (Leading Economic Indicators) which pointed to a general recovery - hence I put my money back in the stock market and rode it back up. I didn't predict that the stock market would recover back in 2009 simply because the stock market was low back then or (as some of you seem to think) just because Obama had been elected, I predicted that the market was in recovery because the LEI pointed to recovery and I believed that the stock market would go up as the recovery slowly took hold - which is exactly what happened.
The LEI has proven to be a pretty accurate general forecasting tool - which it why I've been right about things like the stock market and housing markets recovery - and the wingnuts (who base their "predictions" on what some partisan political hack says) have been almost universally wrong.
The DATA says what the DATA says - and since 2009 the data has generally pointed to a slow but fairly steady recovery - which is what we've had.
Ken
Last edited by LordBalfor; 02-25-2014 at 12:03 PM..
Ben Bernake and Obama have done more to exasperate income inequality than any social Darwinist could ever dream of doing.
Nice try, but that's been increasing since the Reagan years.
The fact that YOU missed out on the stock market and housing recoveries doesn't mean that OTHER middle-class folks didn't benefit from them. There are 50 MILLION Americans with 401Ks and millions more with stock-market funded pensions that have reaped the benefits of the stock market and housing recoveries. It not JUST the rich who benefit from a rise in the stock market and housing markets - though it DOES tend to be limited to people who are smart enough to recognise opportunity when they see it - and not simply make their financial choices based on political dogma.
Ken
Last edited by LordBalfor; 02-25-2014 at 12:22 PM..
The difference is the LEI looks a LOT better today than it did back in Oct 2007.
Had I been watching it back then, I would have made myself a LOT of money.
Ken
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