The markets went up by over 300 pts for only one reason because all the efficient Northern European Nations are sacrificing to bail out the perpetual sluggish southern nations in the Eurozone. Obama had nothing to do with it.
If Obama held a press conference and apologized for his gruesome Obamacare fiasco, and promised to turn over a new leaf the markets would soar 1000 pts in one day. Other than that he'll continue to be an albatross arounf the neck of all Americans!
Must have been a slow day yesterday, not that a purely antagonistic caption with no substance is anything new for dickhead. I mentioned to you guys before that it became painfully obvious to me that this dumbfuck didn't have a retirement account, let alone have any idea what a 401K was. Before he shut the other forum down, me and a few of the other guys were having a conversation about stocks and retirement accounts. Dumbfuck was trying to chime in and every comment he made just had us all saying....WTF. His investing IQ is that of a 5 year old. The reason people are taken aback from the market is because of the extreme volatility (myself included). Yesterday was due to Europe, but many of the other moves have a lot to do with stability and inconsistency between many of the policies of this administration and Big Ben. I laugh at these Liberals that make comments like his and continue to argue how great their 401Ks are since Obama took over. I would contend that they would be even better if the business community could have any confidence in this administration's policies and not be wondering "what the fuck is Obama or Ben going to do next". We've heard for months how there's all this money sitting on the sidelines. Why is that? In addition, anyone stupid enough to think that even if we got back to 14K on the Dow, that would be fine, doesn't know shit about investing. Unless of course when they set out 10 years ago and planned an effective rate of return, they would have been happy with around .25%. I think most people planned on 6% to 8% (most people except dumbshit). And most financial analysts used to tell you that you can expect to double your money in approximately 7 years. When we get to a range of 17k to 23k range in the next couple of years (which is where most people expected to be back in 2001) , let me know and I'll be smiling again. Until then, I'll laugh at posts like this one.
How many lies can BFL tell in one post? Never had any forum shut down. Complete 100 percent lie. The forum you are talking about is still up. Never discussed 401k or retirement accounts in any forum with you. A flat out made up story and lies. I'm sure this type of behavior is why your family dislikes you.
When Obama took office, the market was at ~8300 and is at 11,518 today(an increase of ~39%)
When Bush took office in 2001 the market was at ~10,800 and dropped to ~8300 when he left office(a decrease of ~23%)
Now if the market had increased by 39% during Bush's terms like it has during Obama's, we would be at about 21,000 by now(right in that 17K to 23K you mention)...
10,800 + 39% = 15,012+39%= 20,800
Now, I am not blaming Bush for this, but its obvious we did not reach the goal you say most expected by now because of what occured during the last administration, not this one...
Dude,
It's your thread, you're asking why people do not give Obama credit when market had good days, I was just pointing out another market "intrade" and apparently those folks do not think Obama has anything to do with the recent rally, and the market price reflects that.
With regard to wabash fuzzy math, his number does not add up, after all, he is the same guy who said his 401K account dropped 40% before Obama took office, and it gained 140% following year. Assuming he buys the index, let me show you why that's not possible.
The Dow peaked out in 2007 @14000 and it bottom out @6600 in 2009, a whooping 53% loss. At this current level, that means it rallied 74% off March low, however, the Dow is still down 18% from peak.
If his 401K account lost 40% a year before Obama took office, he must have bought the index when it was @11000, a 40% crash would take it down to 6600. The Dow closed @11518 today, that means his account barely gain 5% in 4 years, NOT 140%.
It's your thread, you're asking why people do not give Obama credit when market had good days, I was just pointing out another market "intrade" and apparently those folks do not think Obama has anything to do with the recent rally, and the market price reflects that.
With regard to wabash fuzzy math, his number does not add up, after all, he is the same guy who said his 401K account dropped 40% before Obama took office, and it gained 140% following year. Assuming he buys the index, let me show you why that's not possible.
The Dow peaked out in 2007 @14000 and it bottom out @6600 in 2009, a whooping 53% loss. At this current level, that means it rallied 74% off March low, however, the Dow is still down 18% from peak.
If his 401K account lost 40% a year before Obama took office, he must have bought the index when it was @11000, a 40% crash would take it down to 6600. The Dow closed @11518 today, that means his account barely gain 5% in 4 years, NOT 140%.
LOL, what in the hell does my 401K have to do with the goal of 17K-23K you said people expected to be at by this time? You always find a way to go off topic and try to twistt hings to another direction...
the only thing I was responding to was the point you made about most people in 2001 expecting the index to be at 17K-23K by now, nothing else...
