emptystep
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- Jul 17, 2012
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- #81
Western Progressive
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The stock market has nearly doubled under Obama, adding $7.3 trillion in market cap, according to Bloomberg Businessweek in mid-October.
That means that investors are $7.3T richer than in 2009. If you're not an investor in the stock market than I feel for you. Take your 2% and smile. Oh, and you're probably doing the work of three people right now, tough times and all you know.
Investors are richer only after having the value of their holdings cut in half.
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You don't think those smart investors, especially those with inside information, didn't move into bonds by the end of April? Those who lost everything they had in the market bought in March and finally decided to bail a year later, just as those who had moved out of bonds and back into the market.
We should all be applauding the shrewdness of those fine Americans for it will soon trickle down to us all.