Skip to comments.2,000 days of Obama: How have stocks done?
Posted on 07/11/2014 12:39:17 PM PDT by illiac
LOS ANGELES (MarketWatch) Its been almost 2,000 days since President Barack Obama entered the Oval Office, and MarketWatch felt it would be fitting to measure the stock markets performance during the presidents tenure to this point with its performance through the 2,000-day mark of other recent presidential administrations.
Obama was sworn in amid extreme financial turmoil in January 2009, roughly six weeks before the stock markets hit bottom in the depths of the Great Recession. Pretty much the only direction for stocks to go was up.
How far up, though? More important, how do gains under Obama compare with gains under other presidents who made it to 2,000 days?
Answer: Hes in the top half of the eight presidents since the Great Depression whose time in office lasted that long. That can always change, of course. And theres considerable debate over whether he or any president, for that matter can influence the stock market or whether White House incumbents are just along for the ride.
I wouldnt be looking to give the administration a lot of credit for the stock markets [performance], said Sam Stovall, managing director of U.S. equity strategy at S&P Capital IQ. He noted, however, that stocks generally do better under Democrats than Republicans, particularly when stocks start out low.
(Excerpt) Read more at marketwatch.com ...
Since zero has only worked about 100 days out of the 2,000, I can see why the market could be happy....(s)
I heard Barry today say that we shouldn’t be looking at the stock market and should be helping the gangbangers coming across what used to be the border.
Irrelevant question, because pumping 40 billion air dollars into the balloon of the “stock market” obfuscates the actual health of the market.
I suppose we could do a calculation removing those air dollars and see what the actual stock market value would be.
Token presidents don’t have anything to do with the stock market.
Propped up by the fed. Fed bubble will burst.
2,000 days of near zero interest rates has a way of chasing money into the stock market.
The mid-to-late 1990s were a time of great and real prosperity. Of course, that's when Newt Gingrich was, for all practical purposes, serving as President. The Conservative Rebellion of that era neutralized KKKommie KKKlintoon, who was merely a figurehead throughout much of his term. When Conservatives were running the country, gas prices here in Texas were 78 cents a gallon at RaceTrac. That's proof that the economic principles of President Reagan, as implemented by Congressman Gingrich, are winners.
The DJIA has actually performed well...primarily because was the market got insanely oversold late in 2008 just months before took office.
The fed printed/borrowed trillions of dollars over Obama’s reign and poured into the banks. The banks bought stock instead of loaning the money to business/people. As the banks bought more stock it increased the demand for stock increasing the price. As the price went up, more bank money chased the high return on “investment”. It is a classic bubble built with borrowed/printed money... What could go wrong...
Ironically, that might be the real stimulus.
Adjust for inflation...............yet to come..................
The crime syndicate of obama/holder has devastated the economy regardless of the easily-manipulated DJIA/S&P numbers. The only thing soaring under that corrupt regime are crime rates, particularly black on white rampages by the Trayvon types.
And that’s when inflation REALLY hits.
If the market were truly free of manipulation by the Fed pumping it full of magic fairy dust, and if the biggest players were not allowed to pump and dump and a whole host of other shenanigans, would it be at the current level or would it be more reflective of actual business conditions?
Republicans don’t control the markets, liberal ass sucking bazillionaires do and they are like leeches glued to Mr. Obama’s cheeks.
The Market Watch crowd and the ‘happy’ players of the Obama octade will cry one day when the dollar is no longer the reserve currency and the market does have a rejiggering.
SPDR S&P 500 (SPY)
Jan 20, 2009 84.23
Anyone who hasn't made the purchases and stocked up for when higher prices happen? They're dumber than dirt.
Besides that, I wonder if the inflation might to a great degree be on high-end items. It is, after all, the already wealthy who will cull most of the profits.
Inflation without a corresponding increase in income will be devastating for all of us.
This is so much pure old plain horseshit. Not only market watch is a shill the entire investment community is a fraud.
July 10, 2007 to now, Dow 13907 to 16915 — 2.8% annual rate of return
Jan 21, 2008 to Jan 21, 2014, Dow 8077 to 16939 -— 15.97% annual rate of return
Easy to show gains when you knock the slats out of the economy and then climb out of the ditch you fell into to get back on the road you were on.
The game is fixed, the house wins.
The more he drinks and plays pool, the better all of us are off.. or one would hope was the case.
Who’d a thunk we would ever see a clear case
Of governed indifference in our times..
Xformation happens, BaBYYYY!!
Having your buddy Soros tank the market right before the election also helps things look good.
As well they should since innovation, hard work and perseverance should be rewarded. I've never cared much for the term "wealthy" since it's been appropriated by the commies and used as a pejorative against the job creators. My preference is "well to do" since those who have deservedly acquired wealth have done well in the free enterprise system.
Of course, this is all pretty much moot since the obama/holder/jarrett crime syndicate has enacted confiscatory taxes on the well to done. Under the current regime, the job creators are being harshly punished by the commie cabal now in power.
When President Sarah Palin and her team of Christian and Jewish Conservatives assumes command in 2017, just watch as America comes roaring back. China will be reduced to its rightful status of a turd world backwater. Conservative Rebellion is brewing! Take America back!
The market has been fantastic, best in a lifetime, and will get better still.
Stock market price is irrelevant in this context. Of course it’s going to go up when you’re printing 80 billion dollars a month. It’s called inflation, and stock prices are as subject to it as anything else that is bought and sold.
Just tell me when to short and buy puts.
I want to be the next John Paulson and become a Koch Brother too.
Will burst when Obama loses control.
You can be rich like Paulson if you’re relatively sharp on finance, quick witted, not afraid to be a bullshit artist and not afraid of corruption on a biblical scale.
Irrational exuberance?...wasn't much of Clintons so-called great economy built on real estate/tech bubbles propped up by CNBC & shady hedge-fund managers like Chelsea's father-in-law? Fly-by-night tech companies started by 15 year olds, but sold like CDO securities to greedy fiends, or those looking to pump & dump?
The 2008 market crash was by design..."never let a crisis go to waste", dem shysters made out like bandits(Soros..."LOL, I've had a very good recession")...and Bush/Republicans got ALL the blame(not that they didn't deserve some).
0% interest rates + QE + outsourcing = happy Wall St.
Inflation? bah...when you've "secured" millions in the bank $4 milk/gasoline don't mean sh#t....gravy train for me, drek for thee.
CNBC several years ago ran their documentary "House of Cards"(not the TV series)which showed all the slime that went on on Wall St./sub-prime. They naturally threw a few jabs at the Bush administration's lack of oversight...not unexpected, even though they themselves(CNBC)could have acknowledged their OWN culpability in facilitating the fraud.
I agree completely that the KKKommie KKKlintoon economy was an utter disaster.
Thankfully Newt Gingrich's firm leadership undid the 'RAT damage, leading to genuine prosperity and gas for under a dollar. The policies of President Ronald Reagan are affirmed during the years when Conservatism is in power.
Stop giving the market billion$ per month and see what it looks like then...talk about a paper tiger!
And there u have it folks!
POST OF THE THREAD!!
(I recently went thru this with my long time bank....was gonna co-sign a small loan for a family member....which i had done many times before...Talk about hoops to jump thru!..I finally told the new banker...I'm co-signing for a 10th of what i have in your bank in savings alone...If you dont make this happen in a week..I'm taking my money elsewhere...guess what..loan was approved in 2 days