Stock market falls, Cant blame Bush anymore... (Congress, middle east, Reagan)

[DC at the Ridge]

Originally Posted by pghquest

Bush has been out of office for more than five months, and the market is lower than when he left. Will Democrats continue to blame Bush, or will they now come to their senses and play partisan over the fact that the president does not control the market?

By Nick Godt, MarketWatch.com

NEW YORK (MarketWatch) -- The Standard & Poor's 500 index, considered as a gauge of the broad market by investing professionals, turned negative for the year on Monday, for the first time in nearly four weeks. The S&P 500 was down 20.8 points, or 2.3%, at 900, leaving it down 0.5% for the year so far. The index was last negative for the year on May 28, according to FactSet Research. It first turned positive for the year on May 4. The market came under pressure after the World Bank said it now expects the global economy to shrink 2.9% this year, worse than its previous forecast of a 1.7% contraction. The Dow Jones Industrial Average was down 168 points, or 2%, at 8,371, while the Nasdaq Composite was down 48 points, or 2.7%, at 1,778.

How is it lower than when he left? January 19th, the Dow-Jones was at 8077, per your link it's currently at 8371. That looks higher, not lower, to me.

[pghquest]

Originally Posted by DC at the Ridge

How is it lower than when he left? January 19th, the Dow-Jones was at 8077, per your link it's currently at 8371. That looks higher, not lower, to me.

Do you know the difference between the S&P 500, quoted from the story, and the DJIA?

p.s. DJIA January 20, 2009: Obama is Inaugurated DJIA 8,279.63 Open

We're not far from from that mark either.

[cleanhouse]

Originally Posted by pghquest

Do you know the difference between the S&P 500, quoted from the story, and the DJIA?

There was just a headline on cnbc "S & P 500 loses 2009 gains."

Its all BUSH'S fault!!

[DC at the Ridge]

Originally Posted by pghquest

Do you know the difference between the S&P 500, quoted from the story, and the DJIA?

p.s. DJIA January 20, 2009: Obama is Inaugurated DJIA 8,279.63 Open

We're not far from from that mark either.

Yes, I do know the difference between the S&P 500 and the Dow Jones.

Here's a dandy link to the S&P 500 history.

S&P 500 History

Now tell me again, how are we down from when Bush left office?

[CharlottePirateFan]

So if Bush still gets the blame when we come out of this he'll get the credit for the turnaround?

[skoro]

Originally Posted by pghquest

Bush has been out of office for more than five months, and the market is lower than when he left. Will Democrats continue to blame Bush, or will they now come to their senses and play partisan over the fact that the president does not control the market?

By Nick Godt, MarketWatch.com

NEW YORK (MarketWatch) -- The Standard & Poor's 500 index, considered as a gauge of the broad market by investing professionals, turned negative for the year on Monday, for the first time in nearly four weeks. The S&P 500 was down 20.8 points, or 2.3%, at 900, leaving it down 0.5% for the year so far. The index was last negative for the year on May 28, according to FactSet Research. It first turned positive for the year on May 4. The market came under pressure after the World Bank said it now expects the global economy to shrink 2.9% this year, worse than its previous forecast of a 1.7% contraction. The Dow Jones Industrial Average was down 168 points, or 2%, at 8,371, while the Nasdaq Composite was down 48 points, or 2.7%, at 1,778.

Sore losers really relish bad news, it seems.

[EinsteinsGhost]

Originally Posted by pghquest

Bush has been out of office for more than five months, and the market is lower than when he left. Will Democrats continue to blame Bush, or will they now come to their senses and play partisan over the fact that the president does not control the market?...

Good to know at least one right winger who will never blame Jimmy Carter for 1982 recession, and Clinton for 9/11.

I do have a question though, if you say President doesn't dictate the market, why must you then tie where the market is today compared to when Bush left office?

[SLCPUNK]

Originally Posted by Keedy

News Flash: We won the war.

Uh....reality is on line one, you may want to pick up sometime soon as it won't wait around forever.

[pghquest]

Originally Posted by DC at the Ridge

Yes, I do know the difference between the S&P 500 and the Dow Jones.

Here's a dandy link to the S&P 500 history.

S&P 500 History

Now tell me again, how are we down from when Bush left office?

The story is about the S&P 500, you went on to discuss the DJIA.. Unable to keep them seperate are you?

[Canerican]

Bush is still to blame....5months doesnt do what 8 years did.

Year 2033 New York Times headline:

Dow falls to unprecedented 1.335, Bush likely to blame.

Good to know at least one right winger who will never blame Jimmy Carter for 1982 recession, and Clinton for 9/11.

Psst. There was a recession 1980, and the one in 1982 was because the Mullahs weren't happy the US got it's hostages back, so they raised the price of oil, by cutting supply... If Carter had done his job and tried to get our citizens back, the 1982 would have likely not happened.

I don't blame anyone for 9/11. I honestly think that it was bad intelligence, Clinton and Bush could both have done better... maybe in 50 years when everything is declassified we can start throwing stones.