2,000 days of Obama: How have stocks done?

MarketWatch ^ | 7/11/14 | Russ Britt

[illiac]

LOS ANGELES (MarketWatch) — It’s been almost 2,000 days since President Barack Obama entered the Oval Office, and MarketWatch felt it would be fitting to measure the stock market’s performance during the president’s 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: He’s 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 there’s 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 wouldn’t be looking to give the administration a lot of credit for the stock market’s [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.

[21twelve]

Having your buddy Soros tank the market right before the election also helps things look good.

[re_nortex]

It is, after all, the already wealthy who will cull most of the profits.

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!

Go Sarah go! Go JR go! Go FR go! Woo hoo!

[montag813]

The market has been fantastic, best in a lifetime, and will get better still.

[JamesP81]

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.

[nascarnation]

Just tell me when to short and buy puts.
I want to be the next John Paulson and become a Koch Brother too.

[Jim Robinson]

Will burst when Obama loses control.

[Jim Robinson]

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.

[RckyRaCoCo]

The mid-to-late 1990s were a time of great and real prosperity.

“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.

[re_nortex]

...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?

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.

[ThePatriotsFlag]

Stop giving the market billion$ per month and see what it looks like then...talk about a paper tiger!

[M-cubed]

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. <<<

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