THE DOW...

[American]

IT'S OVER 9,000!!!!!!!!!!!!!!​

Somebody had to say it.

The Dow Jones Industrial Average closed up +188.03 (2.12%), closing at 9,069.29 - not seen since January this year. The Dow is now positive for the year. Obamanomics working, yes or no? Thoughts.

Source: http://www.google.com/finance?client=ob&q=INDEXDJX:DJI

 

[Eredar Warlock]

Fail.

Overused meme is overused.

This is the natural wax and wane of the markets. The Obama stuff hasn't even really gotten started yet.

 

[Phoenicks]

Fail.

Overused meme is overused.

This is the natural wax and wane of the markets. The Obama stuff hasn't even really gotten started yet.

Agreed. The natural flow of the market meant that it would go up eventually. Obama's been in office for about 6 months, barely enough time to see the effects of his policies. And conisering the huge size of the U.S. economy, it may be years before we see the full effects of his policies on the economy (good or bad).

 

[Hector]

I've been saying for awhile that we aren't going to see the real effects of Obama's work until early 2011.

While it's encouraging to see the Dow rising, we shouldn't get too excited yet. Because if you recall, there was a period during the Great Depression in 1935? (I may be wrong on the year here) where the economy looked like it was going to recover, but it quickly dropped once again.

Point is, we'll just have to wait and see.

 

[Phoenicks]

I've been saying for awhile that we aren't going to see the real effects of Obama's work until early 2011.

While it's encouraging to see the Dow rising, we shouldn't get too excited yet. Because if you recall, there was a period during the Great Depression in 1935? (I may be wrong on the year here) where the economy looked like it was going to recover, but it quickly dropped once again.

Yeah. That was about the point where the economy began to naturally rise so that the economy could improve. However, I believe that a couple years later, FDR's policies really began to kick in, and the economy crashed (what little of it there was to crash). It's a good thing that WWII kick-started our economy again.

 

[Magmaster12]

I thought it was an epic win

 

[Nicoleta01]

And tomorrow it will go down 200 points >.> Stock market= Crazy during recessions. No indication of how it's doing until the economy begins to recover. D=

 

[evkl]

As long as nobody sticks it to Obama for any subsequent drops, yeah, it's not to his credit that it's gone up. But if it's Obama's fault that it kept dropping in Feb/March, it's to his credit that it's going up now. You know? You can't have it both ways. Not saying anyone in here is doing that, but...Drudge certainly is, for one.

 

[Phoenicks]

As long as nobody sticks it to Obama for any subsequent drops, yeah, it's not to his credit that it's gone up. But if it's Obama's fault that it kept dropping in Feb/March, it's to his credit that it's going up now. You know? You can't have it both ways. Not saying anyone in here is doing that, but...Drudge certainly is, for one.

Yeah, agreed. Though there should be a point where it becomes his fault. I mean, the blame can't all be Bush's forever, it has to become Obama's at some point. We'll have to wait and see.

 

[Valdez]

Yeah, agreed. Though there should be a point where it becomes his fault. I mean, the blame can't all be Bush's forever, it has to become Obama's at some point. We'll have to wait and see.

Assuming it it does take several years as you indicated below, then I think Sonic Speed's estimate of 2011 is probably in the ballpark. If three years really is when any policies start to effect the economy, then the economy will be a result of Bush's policies until mid-2011. Mid-2011 onwards is when we can blame Obama.

 

[Phoenicks]

Assuming it it does take several years as you indicated below, then I think Sonic Speed's estimate of 2011 is probably in the ballpark. If three years really is when any policies start to effect the economy, then the economy will be a result of Bush's policies until mid-2011. Mid-2011 onwards is when we can blame Obama.

I still maintain that Bush wasn't the cause of our problem, but Congress. But I digress. Okay, agreed on that. But no one here can claim if the economy jump-starts in 2 months that it's because of Obama. Like evkl said, there's a double-standard.

 

[Valdez]

I still maintain that Bush wasn't the cause of our problem, but Congress. But I digress. Okay, agreed on that. But no one here can claim if the economy jump-starts in 2 months that it's because of Obama. Like evkl said, there's a double-standard.

No I agree with you on that, but Bush's policies are what Congress voted on. By that standard, we can't blame Obama for making it more of a problem (if in fact that is what happens) I know very little of economics, but I wouldn't say that Obama salvages the economy if it goes up in a couple of months. I recognize the double-standard, but I won't be a part of it.

 

[Phoenicks]

No I agree with you on that, but Bush's policies are what Congress voted on. By that standard, we can't blame Obama for making it more of a problem (if in fact that is what happens) I know very little of economics, but I wouldn't say that Obama salvages the economy if it goes up in a couple of months. I recognize the double-standard, but I won't be a part of it.

Well, the causes of the crisis have been going on for a while now, it wasn't just Bush. I think that the push to get more people to own houses has been going on for many years now. But still, point taken. Let's see what Obama and Congress do over the next couple of years before deciding.

 

[Valdez]

Let's see what Obama and Congress do over the next couple of years before deciding.

Agreed, and I'm looking forward to seeing how his policies will eventually effect not only the United States economy, but the other economies of the world as well.

 

[Terra Force]

Seriously, click the link. It's OVER 9000!

What, 9000?! There's NO WAY that can be right!

 

[the gadfly]

Eh, 9000. My investments, primarily those in my retirement fund, are still way down. Whoopee.

I mean, the blame can't all be Bush's forever, it has to become Obama's at some point. We'll have to wait and see.

Conservatives would say that it was January 20, 2009.

 

[Netto Azure]

Eh, 9000. My investments, primarily those in my retirement fund, are still way down. Whoopee.

Conservatives would say that it was January 20, 2009.

Yeah because everything that happened over the past 8 years is a blur to them now. (YES IT'S ALL CLINTON'S FAULT FOR GIVING POOR PEOPLE LOANS LIKE THE ADMINISTRATION AFTER HIM. @~@) I mean the recovery is going much faster today compared to the 1930's.

(I somehow knew what was in this thread LOL. @_@)