General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDo you think it will happen? The Dow is only 911.67 points away from its all time high!
On a very good day in October 2007, the Dow closed at an all time record breaking high of 14,164.43
But, as the Bush recession and GOP conservative economic policies reached their zenith, the Dow crashed and closed to a low of 6,547 on March 9th, 2009.
Then, Obama's policies began to take effect.
Today, the Dow closed at 13,252.76.
The Dow is only 911.67 points away from its all time high.
Why isn't this a bigger story?
monmouth
(21,078 posts)Swede
(33,271 posts)It's the folks that needed to cash in during these past few years that lost. The folks that cashed in on fear,well that's the way the cookie crumbles.
aaaaaa5a
(4,667 posts)nobodyspecial
(2,286 posts)Broad index funds bought in at those all-time lows. I pulled back during the worst of it and eased back in as things stopped sinking. My portfolio is at an all-time high. Cashing in, although I understand many were forced to in order to stay afloat, was a big mistake.
Swede
(33,271 posts)Those that bailed because of fear made a mistake. Those that needed the cash,well that what are you going to do?
MineralMan
(146,324 posts)We'll see.
bluestateguy
(44,173 posts)If there is no meltdown in Europe, if there is no Israeli strike on Iran and if the economy continues to produce 200-250K jobs a month, then yes I could see it happening.
NRaleighLiberal
(60,018 posts)if you look at the historical graph of all of the indexes,the slopes of all of them are positive over the entire span....pretty interesting to do that, actually.
bahrbearian
(13,466 posts)nobodyspecial
(2,286 posts)pa28
(6,145 posts)I've got a fairly good memory for these things and I seem to remember between January and May 2009 as the markets continued to slide people on the right referred to the "Obama market" and "Obama depression".
I personally believe the rise is due mostly to fed pumping but where are these hypocrites now? If they think presidential policies control stock prices why aren't they cheering the fact equities have doubled in just three short years?
doc03
(35,361 posts)Obama spoke.
RobertEarl
(13,685 posts)How much money is leaving Tokyo and coming to NY?
The market is based upon how much money flows in and how long the big players wait to take their profits.
rhett o rick
(55,981 posts)And the insiders will make billions while the suckers get taken once again.
Wall Street is no friend of Pres Obama. It wouldnt surprise me if the bubble bursts around October.
Cal33
(7,018 posts)story because the GOP doesn't want Obama to look good, not even for a minute.
They own 90% of the news media, and they can choose whether or not to keep
the masses informed.
Ishoutandscream2
(6,663 posts)The market could be 15000, but if I'm paying around 5 bucks a gallon at the pump, then it's all a wash.
nobodyspecial
(2,286 posts)His great plan is kicking in three years into the Obama presidency.
aaaaaa5a
(4,667 posts)I honestly could see that as a FOX news headline.
Speck Tater
(10,618 posts)Will it make it to the top before taking the next plunge, or fall just short before the next death-defying plummet to the bottom? Only time will tell. But one thing is for certain, contrary to Wall Street hype, "up" is not the only direction that markets move.
Johonny
(20,872 posts)We can only hope he keeps hating on it another 4+ years.