Politically who gets credit for the stock market run up today? scince 08?

Discussion in 'Politics' started by JRK, Mar 13, 2012.

  1. JRK
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    JRK Senior Member

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    Tarp?
    not volt tarp, we know how that turned out
    Apple had had much to do with the Nasdaq, Obama gets credit for that?
    The jobs report on Friday did little, stress test today did much for JPM

    Whats every-ones opinion?
     
  2. uscitizen
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    uscitizen Senior Member

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    Since Bush was credited with the high market during his term is must be Obama's fault this time.
     
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  3. Chris
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    Chris Gold Member

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    Stocks do 9 times better with a Democrat in the White House....

    While Republicans promote themselves as the friendliest party for Wall Street, stock investors do better when Democrats occupy the White House. From a dollars- and-cents standpoint, it’s not even close.

    The BGOV Barometer shows that, over the five decades since John F. Kennedy was inaugurated, $1,000 invested in a hypothetical fund that tracks the Standard & Poor’s 500 Index (SPX) only when Democrats are in the White House would have been worth $10,920 at the close of trading yesterday.

    That’s more than nine times the dollar return an investor would have realized from following a similar strategy during Republican administrations. A $1,000 stake invested in a fund that followed the S&P 500 under Republican presidents, starting with Richard Nixon, would have grown to $2,087 on the day George W. Bush left office.

    Stocks Return More With Democrat in White House: BGOV Barometer - Bloomberg
     
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  4. DontBeStupid
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    DontBeStupid Look it up!

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    The Recovery Act pumped hundreds of billions into our economy. And while it wasn't nearly enough, it did prevent a further drop and di get us moving again in the right direction.

    Since that was Obama's plan, I think it's safe to give him credit.
     
  5. thereisnospoon
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    thereisnospoon Gold Member

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    Hopefully none.
    No politician should ever take credit or be given credit for something they had nothing to do with.
     
  6. Chris
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    Chris Gold Member

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    Not to mention saving millions of jobs by rebuilding GM....
     
  7. eflatminor
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    eflatminor Classical Liberal

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    The Federal Reserve. Wall Street doesn't care about the long term damage printing money out of thin air leads to...because in the short term, cash is king.
     
  8. thereisnospoon
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    thereisnospoon Gold Member

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    The libs who have vilified Wall Street as the root of all evil are seizing on a Market run up to lay the bouquet of roses at Obama's feet.
    Truth is this is no broad market run up.
    From cnbc.com...
    Analysts say the lack of volatility has helped dry up volume, as high-frequency traders see fewer opportunities for quick gains.

    But others worry that low volume points to a lack of commitment to the market that can make it vulnerable.

    Monday's volume of 5.24 billion shares traded on the New York Stock Exchange, NYSE Amex and Nasdaq represented the lowest tally of the year and was 33 percent below last year's daily average during March.


    Just last week, the major stock markets fell on what analysts described as a much needed correction. Stocks are over valued. Usually an over heated stock market leads to a precipitous slide in prices shortly after indexes hit high points.
    Most of the activity in the markets is speculation by index traders trying to position themselves for when the time to short the market arrives.
    It's all a game.
    Used to be a healthy stock market was a true indicator of a good economy. Today there is a disconnect between traders/markets and the real world.
     
  9. whitehall
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    whitehall Gold Member

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    Let's see, who was president in '08? Which political party controlled congress when Fannie Mae collapsed bringing down the economy with it? You gotta wonder if left wingers are really bi-polar. They hate it when the stock market makes money and they like it when the stock market makes money. The stock market will always do better but if unemployment is up and the cost of energy keeps rising under an incoherent administration it won't make much difference. So far the only agenda Obama seems to be working on is free condoms.
     
  10. DontBeStupid
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    DontBeStupid Look it up!

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    Fannie and Freddie were not the cause of our economic problems.

    And the housing bubble burst in 2007 under full GOP control.
     

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