Inside The Obama Stock Market's 235% Return

[malaise]

https://www.forbes.com/sites/nathanvardi/2017/01/17/inside-the-obama-stock-markets-235-rise/#37df704a16d1
<snip>
The big stock winners of the Obama years were a beauty store chain, a shopping mall owner, Netflix and consumer discretionary companies like Under Armour. The losers were companies linked to oil and gas as commodities prices plunged.

When Barack Obama was sworn in as the 44th president of the United States on January 20, 2009, the U.S. stock market was in free fall. The financial crisis was in full swing following the collapse of Lehman Brothers and the Standard & Poor’s 500 index, a popular measure of the U.S. stock market, closed at 805 points on Inauguration Day.

Eight years later, the S&P 500 index has risen to 2,274 points after one of the great bull runs in stock market history. With Obama as president, the U.S. stock market, as measured by the S&P 500, returned 235%, or 16.4% annualized.

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Hug this up Groper Don the Con and the other racist haters - then go Cheney yourselves

Bravo Obama - you rock!

[mcar]

1. K&R

[PoindexterOglethorpe]

2. It is worth noting

that the markets have continued to climb so far this year.

[guillaumeb]

3. The Barack Obama effect. eom

[doc03]

4. The Republicans never noticed it was going up until Trump got

elected.

[malaise]

6. And the same is true for more than a few hacks in said media

I did notice

[doc03]

15. Oh yea a few days ago they announced the June jobs numbers

on Faux and called it a booming economy and record low unemployment. Just six months ago it was always
"In this bad economy" "In this sluggish economy" and that goes for all the networks.

[malaise]

17. They also said they did not accept his unemployment numbers

I don't plan to forget. We don't have Fox by choice.

[doc03]

5. I think that is going to reverse soon. Harley Davidson sales are down

big time. Car sales are down. Consumer confidence is down. This has been the longest or second longest
bull market in history.

[Warren DeMontague]

7. Boy, did I catch shit here for suggesting in March of 2009 that it might be a good time to buy

"6000???? It's gonna be down to 300 before this is over, you fucking idiot!"



derp

[malaise]

8. LOL

Hope you got some

[Warren DeMontague]

11. Sadly I was not very liquid at the time

[doc03]

16. I retired at the time and thank God I left my 401K in the market

instead of listening to those opinions. I rolled all my money into an IRA and it has more than doubled since and that is after withdrawing
over $40000 the last 5 years. THANKS OBAMA!

[HeartachesNhangovers]

9. Presidents and political parties shouldn't get

the credit (or blame) for mid-to-long term market trends because, apart from short-term swings that are reactions to policy efforts, they don't control the equities market or the larger economy.

[Dawson Leery]

10. The current Trump run is on the hopes of a massive tax cut.

Obama's rally was built on real growth and tangible benefits.

[PETRUS]

12. Malaise, you should know better.

One percent of the population holds more than 60% of business equity. Another nine percent hold more than 30% (the remaining 90% of the population owns the rest - around 6% or 7%). In my lifetime corporate profits have gone from around 6% of GDP to 11% of GDP. Wages and salaries have fallen as a share of GDP by a similar amount. That's about a trillion dollars a year boosting corporate bottom lines instead of being paid to workers. Great for stock prices, maybe not so great for the majority of working families.

[malaise]

13. I know the stock market has never been great for working families

I also know that a Con is claiming credit for the stock market and I merely posted a link showing that those who partake had a feast under Obama starting with a major recovery.

[PETRUS]

14. Fair enough, that's a reasonable point.

Sorry if it sounded like I was picking on you. I think you're righteous (and likeable, too).

Hope you're having a good weekend!