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How starnge
by businessanalyst
The very same people who will tell you that those who buy stocks are just evil speculators are the very same ones that will say that the market bouncing off its bottom is a great voice of confidence in Obama. Well markets always overshoot in both directions and then come to some sort of equilibrium. If you follow the Dow you would see that point of equilibrium is somewhere between 9500 and 10,000 (9771 today). Were not in a bull market or a bear market right now - were in whats called a trading range. As the 30's and 40's showed, sometimes that can go on for decades. Especially as the 30's and 40's showed when you have Democrats in the White House.
Re: How starnge
by DecaturJeff
So it's Obama's fault! I knew it. Even when it was the liquidity crisis I knew it was Obama.
Re: How starnge
by businessanalyst
Obama got elected (he's so smart) to fix this mess. No one is saying he caused it. They're just saying after getting in office he's 100% clueless about fixing it. But I'm sure govt. statistics will never say unemployment ever goes above 9.9999999% LMFAO.
Re: How starnge
by goisles
IF anyone takes you for a serious business analyst we are in deeper trouble than we realize. Other than readers of the Daily Worker, neither subscriber supports Obama by the way, no one calls people who buy stocks evil. Obama mentioned the same day as your post, I believe, that the economy has a long way to go before we can say it is completely recovered. Doesn't seem like even Obama claims the current rebound in the market is a vote of confidence in him. You can't even seem to analyze todays headlines nevermind what actually happened 60 or 70 years ago. Unfortunately your ideological drivel is what has passed for economic analysis for much of the last 20 or 30 years thus leading us to the present situation.
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