The economy was recovering when Clinton took office: something overlooked by many. The stock market did not really start to take off until the republicans took control of Congress in '94. I've never understood why some people believe that if you "declare war" on business by raising taxes and regulations, that it will result in a healthier economy. It would NOT be good for business and NOT be good for the markets (which are a reflection of business). Socialism has not worked anywhere. Oh, by the way, the reason people like Bill so much in other countries is because when the WTC was bombed in 1993 and our other interests were attacked, his response was essentially to do nothing about it - and Canadians/West Europeans love that type of American inaction.
I'm not here too debate politics, believe me I have a life I'm just observing the facts and the real effects on traders incomes that different administrations have had. As a TRADER, you want Hillary !!! As a person you may not !!!
The charts I look at see a flat market from Nov 92 to Nov 94. Anything fundemental happen in 94...mmmmmm maybe republicans taking the house after 40 years. Hey Canadian?, who controls the money in congress, it is the house. Not only did the market scream from that exact point, in 5 years we had a balenced budget. Trust me there is a correlation.
I understand you now... You don't get us! 1. It's not that we NEED to go bankrupt through currency debasement, it's that our criminally greedy politicians won't allow changes until it's crammed down all our throats. The politicos like things just the way they are, and are not about to change except to make things worse along the same path as current. 2. "Stop spending so much money on war".... What? You think we Americans voted for the war? Not on your bippy. It was ALL GEORGE BUSH. It was his PERSONAL agenda. He LIED LIKE A MOTHERF*CKER to get into Iraq and now refuses to leave. We didn't have the money for such a war, so he "charged" to to all of us and our children to the tune of $46,000 for every family of 4... current tab. America's house will never be in order until we get some politicians who are willing to do what's good for the country, not what's good for themselves. Where's the next Andrew Jackson? We need you BAD and NOW!!
Ok you have got to be flaming, but in case you aren't and actually believe this- WHY WOULD A TRADER WANT A CANDIDATE WHO PROPOSES HIGHER TAXES, ANTI-BUSINESS POLICIES?
gnome, I couldn't agree more ! We had the same problems here but Canadians are far more middle ground then the US, so we balanced out easier. Also we are heavily dependent on you for protection so it's a huge advantage. Without the US thriving, the world will not thrive it's that simple.
As I said, I'm not here to debate politics (masturbation) ! I'm just sharing my experience and observations and the correlations between price action and traders profits under Clinton vs. all the others in the last 25 years.
But you are observing coincidence with "money-pump" and the fact that Bill raised income taxes to reduce the deficit... and thinking it's "cause and effect".. it's not. America won't get financially healthy again until we expand the tax base, lower rates, and get the Gummint to stop deficit spending... not in our lifetimes, I'm afraid.
Excellent Commentary All .................................................................... My view is that ...one is where one is.... And it behooves one to move in a direction that is beneficial and an improvement from where one was... and has a clear attainable future directive... The financial position is what it is...and I will not accept the idea that there is not a solution for what is present...and that I will only accept a solution...or rather work towards the solutions that will make things better than they are...and were before... Eliminate the IRS....establish a consumption tax Ban Oil as a car fuel... Internet Education Internet Government Eliminate medicine as a business Enhance the electronic stock echanges as a source of non obligatory loans to small business I have traded since 1978...and I already know that the US has to go in the direction that my short list describes... When you look at the financials....here within lie the solutions... Think thoroughly....adapt....and move.... What Obama is...is a good speaker....and just maybe if it is the case that he would change to the above list...then he would be the best one to charismatically move the crowd into action.... If he would go with the above.....the US will rock on !!!! When one looks at the actuarial numbers from the GAO...etc...etc...they are what they are....but one does not cower and moan.... Move........Move now.....