Obama Defies Pessimists as Rising Economy Converges With Stocks

dtradin said
FYI, the market is up about 60% off its lows in 08. If you call that creeping up, what do you call the growth in the market during the Bush administration? Remember those years? From 2000 - 2008 we gained negative 2400.

How would you characterize going from 10600 to 8200 over 8 years of Bush compared to 6400 to 10600 in 13 months of Obama? Me, I thank my lucky starts it only took 1 year for Obama to get us back to where we were when Bush took office.

Making those claims are purely political. The market collapse started well before Bush was in office. The market is run on fear and greed. There was too much fear bringing the market down to 6500. At that point, any smart person thought it was undervalued and bought. Whether democrat or republican, no president is responsible for a market gaining 60% in a matter of a few months... especially when no policy or regulation passed.