Obama Defies Pessimists as Rising Economy Converges With Stocks

bizhubman said
See chart in my last post. The Nasdaq was hammered

http://en.wikipedia.org/wiki/Dot-com_bubble

Interesting read by the way. Many people think the dotcom collapse led to the housing bubble during much of Bush's first term as people were looking for safer investments other than the market. The housing bubble led to over priced housing market which eventually topped out in 2005 and started falling which led to the subprime mortgage crisis.

And, to a pretty fair extent, I would agree. There's too large a pile of cheap/free money chasing profits in the short term.

This is one of the primary reasons I've been opposed to the privatization of Social Security and why I am so outraged by the oil markets.