Todays DOW Plunge VS The Obama DOW Plunge To 6,500.Which Was Worse?

[Rexx Taylor]

are we gonna go thru this again for 4 years? the days the DOW surges,,,its OBAMA,,,the day the DOW tanks,,,its Trump.....we went thru this for 8 years when it was Bush's fault every time the DOW took a hit.

People need to STOP equating what happens in the stock market to what is necessarily happening in the economy. They are two different animals and they don’t always track.

Right....remember how the left could not explain the 1.0 growth with 90 million people out of work while the DOW was slowly climbing to 10,000?

Correct. The DOW and the other indices were cranked up by low interest rate policy and QE, in other words, the Federal Reserve pushed the markets higher in an effort to kick start a sluggish economy by creating a wealth effect. What they did however is create a whole lot of mal-investment that will eventually have to be unwound. We may be seeing the beginning of that now.

i couldnt stand it,,for the 8 years,,we had to put up with Liberals gloating of how great the economy was as the DOW just kept climbing and climbing,,yet we were barely creating any jobs,,,well more like "Net Jobs",,,,u could of taken any month in 2009/2010,,,take the jobs created VS the jobs lost,,and the jobs lost were always higher. how many people were applying for unemployment every month in the early years of Obama? about a million?

 

[Rexx Taylor]

the left can boast all they want for the 18,000 DOW under Obama,,,but how much of that DOW cash had to be printed?

 

[Pogo]

Ok...so Obama gets the credit for the 25000 DOW......but its trumps fault it dropped 600 points?

Actually it's down over a thousand for the week --- not that accuracy in numbers has ever been within shortwave-radio-bounced-off-the-ionosphere distance of any of your insipid mindless posts.

Besides which --- nobody knows if it's done dropping yet.

 

[Pogo]

The DOW was tanking before Oblama took office..

I know.that's when I sold my stock in Chinese Buffets and Doggy pooper scoopers

Of course you did.

Might be time to sell off your stock in Being a Fucking Moron.