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Thread: BREAKING: Dow Jones Closes Above 13,000 For The First Time Since May 2008

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    Re: BREAKING: Dow Jones Closes Above 13,000 For The First Time Since May 2008

    Quote Originally Posted by Thunder View Post
    clearly, the stock market and many businesses like Obama's policies.
    So then you obviously bought into the notion that when the stock market was doing poorly under the point in time where Obama was heavily pushing his Stimulus policy that it was because they don't like Obama's policies?

    Because you're banal comments and analysis would of course be consistent, yes?

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    Re: BREAKING: Dow Jones Closes Above 13,000 For The First Time Since May 2008

    Quote Originally Posted by apdst View Post
    Does anyone else find it funny that when the Dow pumped out record numbers under Bush the Libbos said that it didn't mean anything?
    That's not true. when it had it's record collapse under Bush libbos blamed him for it.
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    Re: BREAKING: Dow Jones Closes Above 13,000 For The First Time Since May 2008

    I think the average time between recessions is around six years. Since the last one ended three years ago, the next president will likely have to combat a downturn while simultaneously struggling to reign in the massive debt that was the response to this past recession. That should be fun.

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    Re: BREAKING: Dow Jones Closes Above 13,000 For The First Time Since May 2008

    Quote Originally Posted by Tucker Case View Post
    That's not true. when it had it's record collapse under Bush libbos blamed him for it.
    The funny thing with this is everyone can cherry pick something to make the numbers to mean whatever they wish. For example, you could state the Dow started going down a year after the Democratic Party took control of congress and continued that path through the first bit of Obama's Presidency before the economy began to recover, but has since recovered faster once the Republicans took the house.

    Now, that's likely Bunk...but likely as much bunk as attempting to say that Bush had nothing to do with hitting the all time high in 2007, that Bush had the majority of the fault for it falling at the end of his term, that Bush has the fault for it falling during the early parts of Obama's return, and that Obama is responsable for its rise as his Presidency has gone forward.

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    Re: BREAKING: Dow Jones Closes Above 13,000 For The First Time Since May 2008

    Quote Originally Posted by Zyphlin View Post
    The funny thing with this is everyone can cherry pick something to make the numbers to mean whatever they wish. For example, you could state the Dow started going down a year after the Democratic Party took control of congress and continued that path through the first bit of Obama's Presidency before the economoy began to recover, but has since recovered faster once the Republicans took the house.

    Now, that's likely Bunk...but likely as much bunk as attempting to say that Bush had nothing to do with hitting the all time high in 2007, that Bush had the majority of the fault for it falling at the end of his term, that Bush has the fault for it falling during the early parts of Obama's return, and that Obama is responsable for its rise as his Presidency has gone forward.
    what event(s) occurred in early '09 do you think were the catalyst for turning the maeket around?
    Last edited by Sheik Yerbuti; 02-29-12 at 10:48 AM.

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    Re: BREAKING: Dow Jones Closes Above 13,000 For The First Time Since May 2008

    Quote Originally Posted by Sheik Yerbuti View Post
    what event(s) occurred in early '09 do you think were the catalyst for turning the maeket around?
    The end of the selloff by those who were protesting the results of the ’08 election...which coincidently happens every presidential election year…get ready for the next one...
    Last edited by Dickieboy; 02-29-12 at 10:51 AM.

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    Re: BREAKING: Dow Jones Closes Above 13,000 For The First Time Since May 2008

    Quote Originally Posted by Zyphlin View Post
    The funny thing with this is everyone can cherry pick something to make the numbers to mean whatever they wish. For example, you could state the Dow started going down a year after the Democratic Party took control of congress and continued that path through the first bit of Obama's Presidency before the economy began to recover, but has since recovered faster once the Republicans took the house.

    Now, that's likely Bunk...but likely as much bunk as attempting to say that Bush had nothing to do with hitting the all time high in 2007, that Bush had the majority of the fault for it falling at the end of his term, that Bush has the fault for it falling during the early parts of Obama's return, and that Obama is responsable for its rise as his Presidency has gone forward.
    Exactly. It's all hackish bull****.

    The post I quoted is a prime example of it. Apdst dutifully ignored the record negative record numbers that happened while Bush was in office (and how the libbos attacked him for it), instead choosing to focus entirely on the positive numbers and how the "libbos" didn't give him credit for it. By approaching the issue like that, he's doing exactly the thing that he's bitching about while he's bitching about it.

    I couldn't let that irony go without making some note of it.
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    Re: BREAKING: Dow Jones Closes Above 13,000 For The First Time Since May 2008

    Quote Originally Posted by Sheik Yerbuti View Post
    what event(s) occurred in early '09 do you think were the catalyst for turning the maeket around?
    Largely the same thing that I think occured around '03...our economy began recovering due to a large variety of factors, many and most of which are tangentally at best influenced by the President alone. The same thing that helped cause the Dow to hit to a record high under George Bush. I don't put a lot of stock on Presidents being the primary motivating factors for what the market does on a macro scale.

    If we're to believe that Bush's is the primary reason that the economy fell during his term AND during Obama's term then its also hard to believe that his policies also didn't help us have steady growth to record highs for four years. We're also to believe that that the factors in the economy and in government that changed during the point where the markets dropped under Bush can't be taken into account, and we can't take into account the context and factors of the changes in the economy and in government after Bush left office, but we're supposed to take into account the changes that occured in those situations once the economy begins to upswing again?

    It's a bunch of partisan rhetoric cached in picking and choosing on cherry picked facts when an individual thinks the President does or does not matter and should get the lionshare of credit for the markets based on their desire to score political points for their side.

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    Re: BREAKING: Dow Jones Closes Above 13,000 For The First Time Since May 2008

    Quote Originally Posted by Sheik Yerbuti View Post
    what event(s) occurred in early '09 do you think were the catalyst for turning the maeket around?
    Time had passed.
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    Re: BREAKING: Dow Jones Closes Above 13,000 For The First Time Since May 2008

    Quote Originally Posted by Dickieboy View Post
    The end of the selloff by those who were protesting the results of the ’08 election...which coincidently happens every presidential election year…get ready for the next one...
    What you are calling a "sell off" was really the market collapsing in response to the economy collapsing. Something turned that around in early 2009. What was it?

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