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Meanwhile the stock market is going up monkey nuts

Posted on 7/27/17 at 8:33 am
Posted by weagle99
Member since Nov 2011
35893 posts
Posted on 7/27/17 at 8:33 am
The stealth Bull Market?

If Jug Ears had anything close to this growth his protectors in the media would have been talking about it daily.
This post was edited on 7/27/17 at 8:35 am
Posted by Green Chili Tiger
Lurking the Tin Foil Hat Board
Member since Jul 2009
47582 posts
Posted on 7/27/17 at 8:39 am to
quote:

the stock market


quote:

If Jug Ears had anything close to this growth


I'm pretty sure the Dow went up more under Obama than it ever has under any president.



Eta: I was wrong. There was another President who was in office during a larger percentage increase:

This post was edited on 7/27/17 at 8:45 am
Posted by olddawg26
Member since Jan 2013
24572 posts
Posted on 7/27/17 at 8:41 am to
You said something was good under obama. Poliboard suicide.

Prayers cent
Posted by The Pirate King
Pangu
Member since May 2014
57580 posts
Posted on 7/27/17 at 8:42 am to
quote:

I'm pretty sure the Dow went more under Obama than it ever has under any president.


Because there was only one place to go after the shite show left by the subprime mortgage crisis and recession.
Posted by weagle99
Member since Nov 2011
35893 posts
Posted on 7/27/17 at 8:46 am to
Interesting charts.

Perhaps I should have clarified 'rate of growth'

And O and Slick both had a GOP Congress.
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 7/27/17 at 8:46 am to
quote:

I'm pretty sure the Dow went up more under Obama than it ever has under any president.


Thanks to interest rates being in the toilet.
Posted by Wtodd
Tampa, FL
Member since Oct 2013
67482 posts
Posted on 7/27/17 at 8:48 am to
quote:

the stock market


There is still no other place to make money but here
Posted by Green Chili Tiger
Lurking the Tin Foil Hat Board
Member since Jul 2009
47582 posts
Posted on 7/27/17 at 8:51 am to
quote:

Interesting charts.


I thought so.

quote:

Perhaps I should have clarified 'rate of growth'


Spin it however you like, if you're going to give the President credit for the Dow (which you should not), then you can't do it without Making Obama look like a rock star.

quote:

And O and Slick both had a GOP Congress.


So does Trump. Does he get credit for the stock market or not?
This post was edited on 7/27/17 at 8:55 am
Posted by Damone
FoCo
Member since Aug 2016
32522 posts
Posted on 7/27/17 at 8:52 am to
Posted by AuburnTigers
Member since Aug 2013
6935 posts
Posted on 7/27/17 at 8:53 am to
Now do a market growth to national debt ratio
Posted by SoulGlo
Shinin' Through
Member since Dec 2011
17248 posts
Posted on 7/27/17 at 8:55 am to
Are we still doing QE?

Dumping as much cash into the market as Obama did would tend to help the numbers.

Posted by tigerfoot
Alexandria
Member since Sep 2006
56204 posts
Posted on 7/27/17 at 9:02 am to
quote:

GOP Congress
yeah, those guys are the best
Posted by lsumatt
Austin
Member since Feb 2005
12812 posts
Posted on 7/27/17 at 9:36 am to
quote:

I'm pretty sure the Dow went up more under Obama than it ever has under any president.


The DJIA went up ~8% from the day Obama was elected to the day Trump was elected. That is pretty consistent with historical averages.
Posted by bamafan1001
Member since Jun 2011
15783 posts
Posted on 7/27/17 at 9:45 am to
All fake money. Does this reflect the reality of our economy? The money supply was more than quadrupled during the Obama presidency
Posted by dewster
Chicago
Member since Aug 2006
25311 posts
Posted on 7/27/17 at 9:47 am to
quote:

Meanwhile the stock market is going up monkey nuts



Politics aside...enjoy it while it lasts.
Posted by SundayFunday
Member since Sep 2011
9298 posts
Posted on 7/27/17 at 9:57 am to
quote:

If Jug Ears had anything close to this growth his protectors in the media would have been talking about it daily.




Yeah dude you can hate the man as much as you'd like but this is just being dishonest.
Posted by el Gaucho
He/They
Member since Dec 2010
52910 posts
Posted on 7/27/17 at 9:59 am to
It's going up because of the brave girl statue and all the #girlpower on Wall Street
Posted by TaderSalad
mudbug territory
Member since Jul 2014
24625 posts
Posted on 7/27/17 at 10:00 am to
quote:

Green Chili Tiger



The only thing is, Obama dumped billions into the stock market to inflate the numbers, Bill didnt.


Nice try though. Stay naive
Posted by zatetic
Member since Nov 2015
5677 posts
Posted on 7/27/17 at 10:08 am to
quote:

All fake money. Does this reflect the reality of our economy? The money supply was more than quadrupled during the Obama presidency


What is the con? The con is that economic growth is both good and real. It is most often neither. The long con is nominal returns versus real returns.

What keeps the con going? Apart from greed? Money printing.

Please, understand that if the amount of money in a closed system doubles, the value of each monetary unit halves, and the price of everything, including stocks, increases 100%.
Posted by bamafan1001
Member since Jun 2011
15783 posts
Posted on 7/27/17 at 10:29 am to
Very true....one must ask themselves who was to benefit most from cheap money? The answer is those that had money to invest when the printing press(or to be more accurate keyboard stroke) went crazy.

One one hand you have a young person who graduated college in 2008, got a job paying 40k. Maybe after a few years he started his own business in 2012, and increased his income to 80k. Seems like a typical American success story and it would be if he had done so in 1980 instead of 2008.

On the other hand you have the man who started his business in 1980 and did very well. He had tons of money invested in the late 00s when wall street was bailed out. He should have lost a ton of money...but instead printed money was pumped into the stock market, doubling his wealth. With cheap money, he can easily borrow, he buys a lot of real estate for cheap, driving up the housing prices in his area.

The millenial, now wants to branch out and buy some real estate, but the banks squeeze him because he is overleveraged and he is looking at prices much higher than they would be in a true market.

Its all BS and all will come crashing down eventually. Baby boomers and Gen Xers lover to bag on millenials but they are the ones that sucked dry the government tit and left nothing for anyone else.
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