NASDAQ over 2000, S&P over 1000, Dow over 9200 - start of the Obama Bull Market? (McCain, Congress)
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It looks like the Obama Bull Market has begun on Wall Street. Like in most recessions the stock market recovery begins before the jobs do.
Good thing those Wall st traders are making $100 million bonuses on our dime.
Citigroup Owes $100 Million Bonus To Trader Who Won Big On Oil - NYT (http://money.cnn.com/news/newsfeeds/articles/djf500/200908020324DOWJONESDJONLINE000274_FORTUNE5.htm - broken link)
It amazes me that you people cannot see that the economy is now a taxpayer funded sham.
Well, this is good news it seems. I hope it keeps the current trend. Most people would like to see their 401K balances to pre-2008 levels sometime before they die.
What I find amazing is that when the stock market was above 13,000 no one gave Bush credit but now because it is rising we are suppose to bow to Obama. I don't think so.
It looks like the Obama Bull Market has begun on Wall Street. Like in most recessions the stock market recovery begins before the jobs do.
And also like in most recoveries, it has nothing to do with anything the government has done in advance so as to take credit for the inevetable. Clinton begged the Congress for a stimulus package when the economy was already on the rebound before he was even sworn in. No one will mention that Fannie was a New Deal boondoggle or that the CRA forced unwise lending or even that Democrats in Congress fought against GSE oversight (proposed by Republicans to include Bush and McCain) reform tooth and nail. Nope, the DOW is up and BO is in the White House therefore BO made the DOW go up.
I just think it's hilarious that people scream that Obama ruined the economy with the stimulus, but when it starts to work they scream it was really Bush's stimulus. One of those times when it's yours if something goes right, but some one else's fault if it had gone wrong. More hypocrisy.
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