Those that predicted steep drop in the Dow

What happened?

Record high. Thanks Mr. President.

Wasn't it the president who predicted that the economy would be ruined if we inplemented any pre-agreed upon spending cuts?

Do you thank the president for green traffic lights as well?

Originally posted by moon1969
What happened?

Record high. Thanks Mr. President.

While I agree that those predictions were stupid, are you sure you want to tie the Dow to the President? If you do, then you can't complain the next time the Dow dips and someone blames the President.

The truth is that the President does not have that much control over the market; and the other truth is that a strong stock market is not always necessarily such a wonderful thing.

Originally posted by sh76

The truth is that the President does not have that much control over the market; and the other truth is that a strong stock market is not always necessarily such a wonderful thing.

Exactly.

Originally posted by sh76
While I agree that those predictions were stupid, are you sure you want to tie the Dow to the President? If you do, then you can't complain the next time the Dow dips and someone blames the President.

The truth is that the President does not have that much control over the market; and the other truth is that a strong stock market is not always necessarily such a wonderful thing.

Give moon a break. It's not often he gets any good news that he can attempt to forcefully tie to the President. 😠

Originally posted by moon1969
What happened?

Record high. Thanks Mr. President.

Pumping from the Feds, short term gains. The stock market rises and it falls. I'm rather happy, this rise has allowed me to sell! Made over 50% in less than a year, at least on that one!

Originally posted by sh76
While I agree that those predictions were stupid, are you sure you want to tie the Dow to the President? If you do, then you can't complain the next time the Dow dips and someone blames the President.

The truth is that the President does not have that much control over the market; and the other truth is that a strong stock market is not always necessarily such a wonderful thing.

I generally agree with your reply but let me say this. I think that Presidents generally impact the economy less than most people think. Yet, in reality the President gets blame for any bad economic indicators, and thus should get credit for good economic indicators. Lastly, the so-called "ills" of having an increasing Dow are being blown out of proportion lately in part in an effort to minimize any resulting positive nuances that might be associated with the President. The recovery of the market has been great. A steady viable recovery to provide captial for investment and to restore our 401K's after the devastation caused by the Bush era.

Originally posted by moon1969
What happened?

Record high. Thanks Mr. President.

Shhhhhh. We're not supposed to talk about that!😏