What about millions who have IRA's or 401 K's the market wasn't good for them?Oh yeah, I can agree with you there. The stock market is a whole other game based on speculation, rumor and the influence of Wall Street, bankers and hedge funders that have way too much control over such a crucial element of our economy. It's a shame that we let it get so far that it is a near necessity for our citizens to be invested in what is essentially a fancy casino.Yes, a method of increasing the money supply and lowering interest rates by purchasing securities and releasing capital to our financial institutions. Its used to promote lending and economic growth at times when interest rates are low. What is your point Ray?low interest rates and earnings make a market rise Obama nor trump had much to do with it But now you see what your blabbermouth has done opening his yap about NK
I guess you never heard of Quantitive Easing then, huh?
Point is the stock market did not reflect our economy--it reflected funny money being pumped into the system. It was not the low interest rate, it was not active business activity.
If you tell somebody the game is rigged for them to win, how can you blame them for playing?
Big investors knew the market could only go up with trillions of government dollars supporting it. The rich have never gotten richer than under Obama. But QE ended late 2014, and at the beginning of 2015 is when we started to see numbers that actually reflected the economy.