The Big O has really inspired the equity markets with his performance today.
Let me be the first to utter these words: It happened on Obama’s watch. 
that is Bush’s fault too…
I like when they say it may take YEARS to get the ecomomy back on track. Huhhh, four years maybe? And just blame Bush along the way.
On election day November 4th, it closed at 9,625. Since then it has fallen 1,600+ points. I guess the market has not been drinking the Big O’s economic cool aid.
Considering the disaster Bush left I would say that is justified.
They say the stock market looks forward not back…
yeah, I also cant believe Bush ordered all that rain in New Orleans a few years ago. He surely must have known not to order so much rain with the condition of the levees…
ponder this fact:
things were really peachy 2 years ago before Dems took over Congress.
You think its bad now…you haven’t seen anything yet.
you better trade that cool aid for jack daniels…
30% capital gains tax here we come!!!
If typical historical movement is anything to go by, it will be about a year to 18 months for the economy to get back on track. Thing to remember is it doesn’t take a recovering economy for the stock market to stage a rally. It never has and it’s unlikely this time will be any different.
Blame Bush … blame Obama … how about blaming American consumerism extreme and complacency about it, built into your lifestyles all these years? It’s not all bad if a lesson is learnt. The stocks are due for a spike as they always do after a plunge like the one in October, the support is at 7,500 DJI ten year low. This re-visit of the bottom gives another rare chance to position to make them big bucks. Once it kicks we may not see these levels again.
As for Obama, I really do hope his performance will be at least half as good as his sales pitch. With all that American citizen euphoria on his side, the mere fact that he’s in the house should bring some good sentiment to the markets.
“Considering the disaster Bush left I would say that is justified.”
And the Democrats in Congress but most of all the American people.
With the Big O calling the shots we may not have to worry about capital gains for some time!
kangaroo you make some good points. But it turns out Big O ran on blame Bush (not the US people or consumers in general) for the economy and he won. So now its his turn at the wheel. So I’m waiting for Big O to do his magic. let see it Big O – he is off to a rather lousy start.
The stocks are down today because of the massive losses announced by European banks, which were followed by big sell-offs in world markets on Monday when wall-street was closed. The market is just playing catch-up today.
bzzzzzzzz, sorry that is incorrect. Big O is the man its his fault as its on his watch. Was Bush’s fault when he ran things so equal treatment for Big O.
bzzzzzzzz, sorry that is incorrect. Big O is the man its his fault as its on his watch. Was Bush’s fault when he ran things so equal treatment for Big O.
You are officially an idiot.
coming from you that does not mean much…
Must have been Clinton’s presence on the Capitol steps.
Can we still blame him, now that he’s no longer the last former president?
So using your “logic” you’d have to admit that Bush was solely responsible for the recession that began in March 2001, 2 months after he was sworn in and for 9/11 which happened 9 months after he was sworn in?
I only ask because a lot of people around here who share your world view have blamed both those occurrences on his predecessor Bill Clinton.
but but but Bush LOL!
10 points Matt! Beautifully played and so true!