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Speakeasy forum: Now that his first term is over

by: JP Bill January 20, 2013 4:51 AM PST

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Now that his first term is over

by JP Bill - 1/20/13 4:51 AM

Hail to the Chief: Dow Returns 72% in Obama's First Term

Friday marked the stock market's last session of President Obama's first term. Monday he'll be sworn in for a second term, and the whole thing starts over.

Obama's first term was a pretty good one for the market. The Dow Jones Industrial Average rose 71.71% in the president's first term, the best one-term performance since President's Clinton's first term.

Barack Obama, first term (2009-2013): 71.71%

George W. Bush, first term (2001-2005): -1.01%

George W. Bush, second term (2005-2009): -24.09% (entire presidency: -24.85%)

Bill Clinton, first term (1993-1997): 111%

Bill Clinton, second term (1997-2001): 54.70% (entire presidency: 226.58%)


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(NT) Taking care of his "Fat Cats", is he?

by Steven Haninger - 1/20/13 5:39 AM

In Reply to: Now that his first term is over by JP Bill


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Lots of people (some on SSI) are stockholders

by JP Bill - 1/20/13 5:49 AM

In Reply to: (NT) Taking care of his "Fat Cats", is he? by Steven Haninger

Some are SE members.


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Maybe I don't understand the metaphore

by Steven Haninger - 1/20/13 5:51 AM

In Reply to: Lots of people (some on SSI) are stockholders by JP Bill

I thought Wall Street = bad & Main Street = good. I just don't know what's being referenced with either...or maybe there's no difference once the hoopla of the campaign is over.


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Yet

by James Denison - 1/20/13 5:50 AM

In Reply to: Now that his first term is over by JP Bill

This is often called the most hated bull market ever for stocks. Why? If you read comments at Yahoo Finance articles, the common thought on that is because it's a sham, a Bernanke and Federal Reserve backed scam, sort of a "tulip" bull market. Another way of expressing that is "it's floating on a sea of liquidity provided by the Federal Reserve". That's a quote from something I read in the past few days. Time of course will make that determination for sure, so maybe we have to wait and see if it's real or not. My vote is on "not".


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RE: My vote is on "not".

by JP Bill - 1/20/13 5:52 AM

In Reply to: Yet by James Denison

Stock markets figures are an Election?


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Not until...

by James Denison - 1/20/13 5:54 AM

In Reply to: RE: My vote is on "not". by JP Bill

...the Federal Reserve Chief becomes an elected official, which won't happen.


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(NT) Then your "vote" counts for nothing.

by JP Bill - 1/20/13 6:04 AM

In Reply to: Not until... by James Denison


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what vote

by James Denison - 1/20/13 11:38 AM

In Reply to: (NT) Then your "vote" counts for nothing. by JP Bill

what "nothing"?


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The short term memory is the first to go?

by JP Bill - 1/20/13 11:45 AM

In Reply to: what vote by James Denison

THIS one.

My vote is on "not".


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