how low will the obama DOW go today?

[NeverEndingMe]

oh wait, obama has a strong economy ....

the DOW future are down over 400 points right now ...

what will obama do? I'm sure he has a play date lined up and will be focused on golfing. that or a vacation

obama don't do work

 

[4est_4est_Gump]

 

[someoneyouknow]

Don't care so long as it keeps going down. Buy when there is blood in the streets.

This guy's gonna make me more money than I ever did under Bush, just like the historical fact the market does better under Democrats than it does under Republican administrations.

 

[4est_4est_Gump]

Markets operate independent of the party in power.

This current bubble is Fed-driven and the gains were no more realistic than the just exploded myth of the Chinese economy, which I have been pointing out for years was all facade and no building...

Your logical error here is post hoc ergo propter hoc.

 

[NeverEndingMe]

Markets operate independent of the party in power.

This current bubble is Fed-driven and the gains were no more realistic than the just exploded myth of the Chinese economy, which I have been pointing out for years was all facade and no building...

Your logical error here is post hoc ergo propter hoc.

true, but that ignorant jackass UD points to the Stock Market as proof that obama is doing a great job.

So maybe UD is correct as the DOW opened down 1100 points. proof that obama is in the red

 

[someoneyouknow]

Markets operate independent of the party in power.

And yet reality shows otherwise:

http://fortune.com/2014/07/29/economic-growth-democratic-presidents/

This current bubble is Fed-driven and the gains were no more realistic than the just exploded myth of the Chinese economy, which I have been pointing out for years was all facade and no building...

Your logical error here is post hoc ergo propter hoc.

Of course it's Fed driven which is why the phrase, "Don't fight the Fed" is so well known. You may disagree with Fed policies (count me as well) but the fact remains its policies, while fueling this bubble, have also made people rich and recovered all the losses incurred during the Bush administration.

The problem of course is this laizzez faire attitude has done nothing to curb "irrational exuberance", in fact instigating even more reckless behavior because there was virtually no downside.