If I remember it correctly, the market went down after Bush took office too. Let's say if the market goes up from here that'll be because of......St. Ronnie????
"The Democrats forced Fannie and Freddie" this line irks me more than anything else the right wingers said. If this is truly Jimmy Carter or Bill Clintons fault these laws should have caused the mortgage implosion in the 80's or the 90's. This is so intellectually dishonest. The explosion was because these giveaway mortgages were turned into derivatives that could be packaged to others so Wall Street could escape the obligation when they would inevitably go bad. No one made mortgage companies give them to "minorities" as the right likes to claim.
It's just not Stewart but the whole Hollywood is liberal biased. You can see it in the awards show. Stewart and Colbert win awards for doing fake news and Fox News does not even get nominated.
They still think that we were doing well in the mid-late 90s because of Reagan and they some how forget that there was another president after Reagan.
No it'll be because Bernanke is successful pulling the same asset inflation rabbit as Greenspan- who was a Reagan appointee. And as 8000 readers know-I got long for the first time this year on Friday. I expect the low of the year to be in. Do I expect that low to perma hold? Nope. I expect an unemployment rate in the low teens by Q4 2010....
What did stocks and real estate do the first two years of Clinton before the GOP took control of Congress?
I am not arguing about your trading skills and experience (I was in grade school when you started trading in 82). To be honest I have enjoyed your trading related articles but I disagree that Obama is to be blamed for this mess we are in. When Reagan and Bush 1 and 2 ran huge deficits and increased the size of the government it was fine and when the liberals do it then everyone on the right has a problem.