The 18,000 Obama Stock Market
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Thread: The 18,000 Obama Stock Market

  1. #1

    Default The 18,000 Obama Stock Market

    While the doomsdayers continue to nag, they're cries for help are starting to fall on deaf ears. A bull market is on the run, unemployment is lowering and consumer confidence is rising. And Hillary ain't going to jail. All leading the way to an Obama recovery. For those of you who predicted doom and gloom, aren't you glad you were wrong?

  2. #2

    Default Re: The 18,000 Obama Stock Market

    Mr Wizard, can you explain how a record number of people are out of work and the unemployment number went down?

  3. #3

    Default Re: The 18,000 Obama Stock Market

    Just because you're not getting paid doesn't mean you're not working. Slavery didn't end in 1865.

  4. #4

    Default Re: The 18,000 Obama Stock Market

    Quote Originally Posted by markinsac View Post
    While the doomsdayers continue to nag, they're cries for help are starting to fall on deaf ears. A bull market is on the run, unemployment is lowering and consumer confidence is rising. And Hillary ain't going to jail. All leading the way to an Obama recovery. For those of you who predicted doom and gloom, aren't you glad you were wrong?
    Nope, they would have rather been right, regardless of the consequences. And the funniest thing is, they STILL maintain they were right, even though it's NASDAQ at 5,000 NOT the DJIA. It's like they bet on a team that lost 45-7 and they point to the one TD drive that got the 7 as proof that they were right, that they had the winning side, and disregard the 45 as meaningless.

  5. #5

    Default Re: The 18,000 Obama Stock Market

    Quote Originally Posted by scinlincoln View Post
    Mr Wizard, can you explain how a record number of people are out of work and the unemployment number went down?

    Cause the unemployment number is not valid. When you use up your unemployment and drop off the roll, they consider you employed
    Lick my ice cream and kiss my pinky ring

  6. #6

    Default Re: The 18,000 Obama Stock Market

    Quote Originally Posted by markinsac View Post
    While the doomsdayers continue to nag, they're cries for help are starting to fall on deaf ears. A bull market is on the run, unemployment is lowering and consumer confidence is rising. And Hillary ain't going to jail. All leading the way to an Obama recovery. For those of you who predicted doom and gloom, aren't you glad you were wrong?
    You couldn't be more wrong. So what's your estimate of GDP this year? When do you think the FEd will be able to raise rates? Did you see the retail sales figures reported yesterday ? Let me help


    US Retail Sales Hint At Recession, Weakest Since Financial Crisis

    Despite bouncing back last month at the fastest pace in a year, April just printed the slowest YoY growth since Nov09 at just 0.9% (retail sales has still missed expectations for 4 of the last 5 months). Against expectations of a 0.2% MoM rise in April (considerably slower than the 0.9% pop in March), Retail Sales missed with a 0.0% change. Ex-Auto and Gas MoM also missed with a mere 0.1% gain (aghainst +0.5% exp.) but it was the control group that saw the biggest miss, printing 0.0% (against hopeful expectations of a 0.5% gain). There was widespresd weakness with outrightdeclines in autos, furniture, gas, food, electronics (AAPL hangover), and general merchandise.


    If you print and borrow enough money, the rich get richer, the poor get poorer, and the middle class disappears

    The jobs created are part time , low paying jobs, and the people who are getting them are 55 and older!
    Yep, no more retirement , Burger King

    People with low paying jobs, can't shop, they are broke

    We as a country, are going more broke by the day. Watch the bond market. If the bond vigilantes lose patience with this Ponzi scheme, say goodnight , and rates have been inching up ...
    Capitalize on the boom in Fantasy Sports , and Play where the pros play
    http://www.fantasydraft.com/play/Rollofthedice

  7. #7

    Default Re: The 18,000 Obama Stock Market

    When economic recoveries begin, employment figures lag for awhile and then begin to catch up gradually. There are those out there who will only focus on the bad news and ignore the good news. Of course if Romney had won the election, they'd be touting the "Romney Recovery." They don't like O and they plan to stay that way. I too had my issues with O, but things have turned around. Maybe just maybe Keynesion DOES work?

  8. #8

    Default Re: The 18,000 Obama Stock Market

    Another record close for the S & P 500, NASDAQ and DJIA just points off their record highs.
    I wonder how the guy who said this back when he predicted 5000 DJIA will spin it:

    "The markets are very efficient and interpret information very quickly, while anticipating future business trends."

  9. #9

    Default Re: The 18,000 Obama Stock Market

    Thank you Guesser, I couldn't have said it better myself. If this awful prosperity trend continues, what campaign issues will the GOP have to focus on? I guess they ei go to their foreign policy play book, despite the fact that a majority of Americans don't want to engage in another war.

  10. #10

    Default Re: The 18,000 Obama Stock Market

    Maybe too many of the negativistas bought Alex Jones's doomsday kits and want to get their money's worth

  11. #11

    Default Re: The 18,000 Obama Stock Market

    Capitalize on the boom in Fantasy Sports , and Play where the pros play
    http://www.fantasydraft.com/play/Rollofthedice

  12. #12

    Default Re: The 18,000 Obama Stock Market

    Like I said brucefan,there's nothing wrong with caution. But I feel the economy is starting to heat up and I'm going to enjoy the ride. And I hope Glenn Beck gets ahold of some mess soon.

  13. #13

    Default Re: The 18,000 Obama Stock Market

    Heat up ? Your kidding right? Do you follow the business headlines?

    Let me repeat. We are in worse shape then ever, far worse then 2008

    The Fed is clueless, and our President knows as much about economics as I know about speaking Chinese .

    The Big Lie: Serial Retail Sales Downward Revisions Hide Ugly Truth

    Over the last 5 years, over 20% of the initial gains in Retail Sales have been 'removed' by serial downward revisions in later months.




    Capitalize on the boom in Fantasy Sports , and Play where the pros play
    http://www.fantasydraft.com/play/Rollofthedice

  14. #14

    Default Re: The 18,000 Obama Stock Market

    Well after visiting my family in SoCal for a couple of weeks, my lunch with my sister gave me that opinion. She lost her business and then her house back in 2009. But she's back in business and she says she has more business than she knows what to do with. She even said she likes Obama's economic policies. Then she treated me to a great lunch at a high-end restaurant in Pasadena. So that helps influence my decision.

  15. #15

    Default Re: The 18,000 Obama Stock Market

    Brazilian barbecue. I recommend you try it.

  16. #16

    Default Re: The 18,000 Obama Stock Market

    Quote Originally Posted by markinsac View Post
    Well after visiting my family in SoCal for a couple of weeks, my lunch with my sister gave me that opinion. She lost her business and then her house back in 2009. But she's back in business and she says she has more business than she knows what to do with. She even said she likes Obama's economic policies. Then she treated me to a great lunch at a high-end restaurant in Pasadena. So that helps influence my decision.

    Oh, ok, I stand corrected
    Capitalize on the boom in Fantasy Sports , and Play where the pros play
    http://www.fantasydraft.com/play/Rollofthedice

  17. #17

    Default Re: The 18,000 Obama Stock Market

    "We are in the worst shape than ever, far worse than 2009."

    Oh, ok, I stand corrected.

  18. #18

    Default Re: The 18,000 Obama Stock Market

    Facts are a stubborn thing


    #1 The National Debt
    Just prior to the last recession, the U.S. national debt was a bit above 9 trillion dollars. Since that time, it has nearly doubled. So does that make us better off or worse off? The answer, of course, is obvious. And even though Barack Obama promises that “deficits are under control”, more than a trillion dollars was added to the national debt in fiscal year 2014. What we are doing to future generations by burdening them with so much debt is beyond criminal. And so what does Barack Obama want to do now? He wants to ramp up government spending and increase the debt even faster. This is something that I covered in my previous article entitled “Barack Obama Says That What America Really Needs Is Lots More Debt“.

    #2 Total Debt
    Over the past 40 years, the total amount of debt in the United States has skyrocketed to astronomical heights. We have become a “buy now, pay later” society with devastating consequences. Back in 1975, our total debt level was sitting at about 2.5 trillion dollars. Just prior to the last recession, it was sitting at about 50 trillion dollars, and today we are rapidly closing in on 60 trillion dollars.

    #3 The Velocity Of Money
    When an economy is healthy, money tends to change hands and circulate through the system quite rapidly. So it makes sense that the velocity of money fell dramatically during the last recession. But why has it kept going down since then?

    #4 The Homeownership Rate
    Were you aware that the rate of homeownership in the United States has fallen to a 20 year low? Traditionally, owning a home has been a sign that you belong to the middle class. And the last recession was really rough on the middle class, so it makes sense that the rate of homeownership declined during that time frame. But why has it continued to steadily decline ever since?

    #5 The Employment Rate
    Barack Obama loves to tell us how the unemployment rate is “going down”. But as I will explain later in this article, this decline is primarily based on accounting tricks. Posted below is a chart of the civilian employment-population ratio. Just prior to the last recession, approximately 63 percent of the working age population of the United States was employed. During the recession, this ratio fell to below 59 percent and it stayed there for several years. Just recently it has peeked back above 59 percent, but we are still very, very far from where we used to be, and now the next economic downturn is rapidly approaching.

    #6 The Labor Force Participation Rate
    So how can Obama get away with saying that the unemployment rate has gone down dramatically? Well, each month the government takes thousands upon thousands of long-term unemployed workers and decides that they have been unemployed for so long that they no longer qualify as “part of the labor force”. As a result, the “labor force participation rate” has fallen substantially since the end of the last recession…

    #7 The Inactivity Rate For Men In Their Prime Working Years
    If things are “getting better”, then why are so many men in their prime working years doing nothing at all? Just prior to the last recession, the inactivity rate for men in their prime working years was about 9 percent. Today it is just about 12 percent.

    #8 Real Median Household Income
    Not only is a smaller percentage of Americans employed today than compared to just prior to the last recession, the quality of our jobs has gone down as well. This is one of the factors which has resulted in a stunning decline of real median household income.

    I have shared these next numbers before, but they bear repeating. In America today, most Americans do not make enough to support a middle class lifestyle on a single salary. The following figures come directly from the Social Security Administration
    -39 percent of American workers make less than $20,000 a year.
    -52 percent of American workers make less than $30,000 a year.
    -63 percent of American workers make less than $40,000 a year.
    -72 percent of American workers make less than $50,000 a year.
    We all know people that are working part-time jobs because that is all that they can find in this economy. As the quality of our jobs continues to deteriorate, the numbers above are going to become even more dismal.
    #9 Inflation
    Even as our incomes have stagnated, the cost of living just continues to rise steadily. For example, the cost of food and beverages has gone up nearly 50 percent just since the year 2000.

    #10 Government Dependence
    As the middle class shrinks and the number of Americans that cannot independently take care of themselves soars, dependence on the government is reaching unprecedented heights. For instance, the federal government is now spending about twice as much on food stamps as it was just prior to the last recession. How in the world can anyone dare to call this an “economic recovery”?

    So you tell me – are things “getting better” or are they getting worse?
    Capitalize on the boom in Fantasy Sports , and Play where the pros play
    http://www.fantasydraft.com/play/Rollofthedice

  19. #19

    Default Re: The 18,000 Obama Stock Market

    Glenn, I mean Bruce, I appreciate your charts. You are trying to back up your opinion with facts and I give you credit. I'll just say that we respectfully disagree. But I pray to God you are wrong. Have fun today.

  20. #20

    Default Re: The 18,000 Obama Stock Market

    Stay on your knees

    No shrinkage here

    Federal Reserve Balance Sheet Explodes To Within 0.5% Of All-Time High In Just One Week and is located at http://www.valuewalk.com/2015/05/fed...balance-sheet/.
    Capitalize on the boom in Fantasy Sports , and Play where the pros play
    http://www.fantasydraft.com/play/Rollofthedice

  21. #21

    Default Re: The 18,000 Obama Stock Market

    Sorry you wasted your time Bruce. If it doesn't fit on a bumper sticker some just can't follow along. We all have to realize its over and try and live a happy life. Liberals are working on destroying everything that would have protected them. It's now only a matter of time before it does hit the fan. It will be of little solace to say I told you so. But give me this opportunity to say, "I told you so."

  22. #22

    Default Re: The 18,000 Obama Stock Market

    Um, they've been saying the fan was going to get pelted for six years now. Glenn Beck cried, "There will be anarchy in the streets!" Even "fair and balanced" Fox News had to can him. WHEN IS THIS GOING TO HAPPEN . . . WHEN? You promised us this six years ago, can you understand the skepiicism?

  23. #23

    Default Re: The 18,000 Obama Stock Market

    What you don't realize is it's already hit the fan for many many people . Go talk to the guy who lost his full time job, and replaced it with two part time gigs. Talk to the 50 million people who live own food stamps . Talk to the people who who are rioting and looting ( think there're some Anger issues there ? ). Talk to the senior citizen who now has to go back to work, since he can't draw any income from his savings. Talk to the college student choking on enough debt that it seems like he has a mortgage with no house , and working as a waiter .

    You see you live in a bubble. You are brainwashed by the effects of printing and spending money, as the rich get richer.

    The problem is socialism, and money printing don't work .

    These are are the good times, but the heroin is wearing off . Without another dose, we will all be feeling the pain very soon, and the market will not be immune to the downturn in the economy

    No worries though. Another war wil be declared shortly, and more QE administered to the dying patient

    The problem is this dose will be fatal , as we will face a currency crisis , and or a bond market collapse


    You have been warned.
    Capitalize on the boom in Fantasy Sports , and Play where the pros play
    http://www.fantasydraft.com/play/Rollofthedice

  24. #24

    Default Re: The 18,000 Obama Stock Market

    Quote Originally Posted by markinsac View Post
    Um, they've been saying the fan was going to get pelted for six years now. Glenn Beck cried, "There will be anarchy in the streets!" Even "fair and balanced" Fox News had to can him. WHEN IS THIS GOING TO HAPPEN . . . WHEN? You promised us this six years ago, can you understand the skepiicism?
    They didn't can him, he quit.
    Capitalize on the boom in Fantasy Sports , and Play where the pros play
    http://www.fantasydraft.com/play/Rollofthedice

  25. #25

    Default Re: The 18,000 Obama Stock Market

    There's an old saying. One can only win an argument in an intelligent conversation.

  26. #26

    Default Re: The 18,000 Obama Stock Market

    "Facts are a stubborn Thing"
    Keep panicking Brucie baby. When you stop I'll get worried. The more you panic, the higher the markets go.

    Markets | Mon May 18, 2015 6:45pm EDT Dow, S&P close at record highs as rate-hike angst abates

    By Noel Randewich





    The Dow Jones industrial average and S&P 500 ended at record highs on Monday, helped by a rally in Apple as well as tepid economic data suggesting the Federal Reserve may wait to raise interest rates.
    The S&P 500 .SPX racked up its third straight all-time high close, gaining 6.47 points, or 0.3 percent, to end at 2,129.2 points. The Dow .DJI rose 26.32 points, or 0.14 percent, to end at 18,298.88, beating its previous record close of 18,288.63 from March 2.
    U.S. homebuilder sentiment fell in May although most builders view market conditions as favorable, the National Association of Home Builders said on Monday.
    Slowing economic expansion in recent months, stemming partly from a stronger dollar and sluggish wage growth, has led many investors to push back expectations about when the Fed will begin raising interest rates for the first time since 2006.
    "It's becoming more of the collective thought that the Fed can wait, because you really don't see any blistering growth," said Kurt Brunner, a portfolio manager at Swarthmore Group in Philadelphia.
    Apple's (AAPL.O) shares rose 1.10 percent to $130.19 after Carl Icahn, one of the iPhone maker's top 10 shareholders, said the stock was "still dramatically undervalued" and that it should be trading at $240.
    The Nasdaq Composite .IXIC added 30.15 points, or 0.6 percent, to end at 5,078.44.
    Apple's rise was the biggest factor for the rise in the three major indexes.
    Seven of the 10 major S&P 500 sectors were higher, with the financial index's .SPSY 0.56 percent gain leading the way.
    Sentiment got a boost from talk of mergers and acquisitions.
    Altera (ALTR.O) rose 5.65 percent to $46.93 after the New York Post reported the company had resumed talks with Intel (INTC.O) on a possible deal. Intel (INTC.O) rose 1.24 percent.
    Endo International (ENDP.O) fell 5.37 percent to $80.77 after the generic drugmaker said it would buy privately held Par Pharmaceutical from TPG Capital in a $8.05 billion deal.
    Alibaba (BABA.N) fell 1.53 percent after a group of luxury goods makers sued the company on Friday, contending that the Chinese e-commerce giant knowingly made it possible for counterfeiters to sell their products throughout the world.
    With Monday's advances, the Dow is up 2.7 percent year to date, the S&P 500 is 3.4 percent higher and the Nasdaq is 7.2 percent stronger.
    The S&P now trades at 17 times expected earnings, expensive compared to its 10-year median of 15.
    Relatively light trading volume suggests recent gains may not be resilient, especially as the market approaches summer months when many on Wall Street takes time off, said Brunner.
    About 5.3 billion shares changed hands on U.S. exchanges, below the 6.4 billion average this month, according to BATS Global Markets.
    During the session, advancing issues outnumbered declining ones on the NYSE by 1,577 to 1,428, for a 1.10-to-1 ratio on the upside; on the Nasdaq, 1,719 issues rose and 1,014 fell for a 1.70-to-1 ratio favoring advancers.
    The S&P 500 posted 34 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 111 new highs and 39 new lows.


  27. #27

    Default Re: The 18,000 Obama Stock Market

    The Guesser actually brought forth both positive and negative news. Brucefan, you only look at the negative. Hmm.

  28. #28

    Default Re: The 18,000 Obama Stock Market

    Lol, what positive news is that ? That the market is going up ? Print and borrow enough money and asset prices rise . Until they don't

    There is no way out , that's all I'm saying. Enjoy the heroin high, it does what good drugs do, hides the pain

    Thats why are heroin dealers at the Fed, can't raise rates, ever . They can barely even talk about 7 years later , in this Obama lead recovery . The problem is the misallocation of resources as
    no one can save any money,
    companies are all all levered up,
    stocks, bonds, and housing remain in bubble territory.

    Our country can't grow because government is crowding out any available credit, regulations are choking business, and we have Marxist president that continues to demonize wealth .

    1st qtr GDP will be revised to negative, and probably the second qtr as well. Unemployment numbers even with all the part time jobs will begin to rise, and the talk very soon will be not when rates will rise, but how we can "stimulate "more economic growth

    Party on
    Capitalize on the boom in Fantasy Sports , and Play where the pros play
    http://www.fantasydraft.com/play/Rollofthedice

  29. #29

    Default Re: The 18,000 Obama Stock Market

    My neighbor is having the same type of economic growth. He now has $10,000 in the bank after only having $50 last month. He did borrow on the mortgage on his house for the 3rd time and now owes $5000,000 on a $200,000 home. This is good news though!!!

  30. #30

    Default Re: The 18,000 Obama Stock Market

    Owing 5 million on a $200,000 house definetly bad news. Thanks for the report.

  31. #31

    Default Re: The 18,000 Obama Stock Market

    One zero tolerance many but it still works to make the point. It's a house of cards.

  32. #32

    Default Re: The 18,000 Obama Stock Market

    I'm sure some very fine people live in Calexico.

  33. #33

    Default Re: The 18,000 Obama Stock Market

    It may not be as la-te-da as the suburban bliss, but Calexico is just fine.

  34. #34

    Default Re: The 18,000 Obama Stock Market

    Nothing like waking to the sunrise in Calexico!

  35. #35

    Default Re: The 18,000 Obama Stock Market

    I just texted my sis with this question: "Would you consider voting for Hillary next year?" She responded, "Hillary is certainly an option. But I'll be scrutinizing more as the election approaches. No decisions yet."

    Tsk tsk.

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