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aaaaaa5a

(4,667 posts)
Thu Mar 15, 2012, 08:29 PM Mar 2012

Do 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?
20 replies = new reply since forum marked as read
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Do you think it will happen? The Dow is only 911.67 points away from its all time high! (Original Post) aaaaaa5a Mar 2012 OP
The media is more interested in Santorum and porn and Romney and Seamus..sigh..n/t monmouth Mar 2012 #1
And everyone that managed to hang onto their investments are back where they where. Swede Mar 2012 #2
They should have had more faith in Obama! nt aaaaaa5a Mar 2012 #6
Not if you invested well nobodyspecial Mar 2012 #13
Yeah,that is what I meant. Swede Mar 2012 #17
I think it's likely by summer. MineralMan Mar 2012 #3
A lot of if's in there bluestateguy Mar 2012 #4
it really has to get there when you think about it..... NRaleighLiberal Mar 2012 #5
So how does that help me? It sure helps the 1% bahrbearian Mar 2012 #7
It helps a lot of people with retirement funds in the stock market nobodyspecial Mar 2012 #14
I believe the market will break into new highs. pa28 Mar 2012 #8
Yep,Rush Limbaugh actually had a count of the points lost in the Dow every time doc03 Mar 2012 #19
Depends RobertEarl Mar 2012 #9
So we are in another bubble? You know what that means? Another burst is coming. rhett o rick Mar 2012 #10
I think more important is the question "How long will it stay high?" It isn't a bigger Cal33 Mar 2012 #11
Will the price of gasoline affect this? Ishoutandscream2 Mar 2012 #12
I'm sure this will be attributed to Bush nobodyspecial Mar 2012 #15
Ha! aaaaaa5a Mar 2012 #16
Inching its way toward the peak of the rollercoaster. Speck Tater Mar 2012 #18
the market is going up because Obama hates wall street Johonny Mar 2012 #20

Swede

(33,271 posts)
2. And everyone that managed to hang onto their investments are back where they where.
Thu Mar 15, 2012, 08:34 PM
Mar 2012

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.

nobodyspecial

(2,286 posts)
13. Not if you invested well
Thu Mar 15, 2012, 08:58 PM
Mar 2012

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)
17. Yeah,that is what I meant.
Thu Mar 15, 2012, 09:35 PM
Mar 2012

Those that bailed because of fear made a mistake. Those that needed the cash,well that what are you going to do?

bluestateguy

(44,173 posts)
4. A lot of if's in there
Thu Mar 15, 2012, 08:35 PM
Mar 2012

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)
5. it really has to get there when you think about it.....
Thu Mar 15, 2012, 08:40 PM
Mar 2012

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.

pa28

(6,145 posts)
8. I believe the market will break into new highs.
Thu Mar 15, 2012, 08:42 PM
Mar 2012

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)
19. Yep,Rush Limbaugh actually had a count of the points lost in the Dow every time
Thu Mar 15, 2012, 10:49 PM
Mar 2012

Obama spoke.

 

RobertEarl

(13,685 posts)
9. Depends
Thu Mar 15, 2012, 08:43 PM
Mar 2012

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)
10. So we are in another bubble? You know what that means? Another burst is coming.
Thu Mar 15, 2012, 08:44 PM
Mar 2012

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)
11. I think more important is the question "How long will it stay high?" It isn't a bigger
Thu Mar 15, 2012, 08:49 PM
Mar 2012

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)
12. Will the price of gasoline affect this?
Thu Mar 15, 2012, 08:52 PM
Mar 2012

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)
15. I'm sure this will be attributed to Bush
Thu Mar 15, 2012, 09:00 PM
Mar 2012

His great plan is kicking in three years into the Obama presidency.

 

Speck Tater

(10,618 posts)
18. Inching its way toward the peak of the rollercoaster.
Thu Mar 15, 2012, 10:29 PM
Mar 2012

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)
20. the market is going up because Obama hates wall street
Thu Mar 15, 2012, 11:31 PM
Mar 2012

We can only hope he keeps hating on it another 4+ years.

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