the big lie "the media is liberal"

mrgybe · Joined: 01 Jul 2008 Posts: 5180

Boggsy, Do we really have to explain? During Obama's term the Dow peaked at 18,500 in 3Q2016.........about 30% higher than the 4Q 2007 peak under Bush of 14,100. A gain of roughly 3% a year. The "raging bull" you refer to was in part a natural rebound from a hugely oversold state, in part due to the resilience of US companies who adapted to persistently weak economic conditions, and in large part due to the zero interest rate policy of the Fed. This despite a business hostile Administration who introduced a blizzard of new regulations, an array of new taxes and routinely bad-mouthed private industries. So, much like increased oil and gas production, the rally occurred despite the Administration, not because of its actions. In stark contrast, the "Trump rally" is based entirely on expectations of better economic conditions even with the prospect of higher interest rates.

I have doubts that the Trump rally is justified, but it is due entirely to his proposed policies. Clearly not the case for the previous incumbent. Completely different. You should know that.

boggsman1 · Joined: 24 Jun 2002 Posts: 9120 Location: at a computer

Again, you can parse it anyway you would like to suit your argument, you have proven quite adept at such deceptive manipulation. In spite of all the horrible anti business measures Mr. Obama implemented, corporate profits still raged, and are still doing so, to the day.

mrgybe · Joined: 01 Jul 2008 Posts: 5180

Boggsy, If you can't acknowledge that the actions of Obama Administration were unhelpful to the businesses that have secured your comfortable lifestyle, you are in denial. To continue my earlier example, there is not as shadow of a doubt that oil and gas production boomed during the Obama years despite his repeated attempts to stifle that industry's activities. That's why he doesn't, and shouldn't get the credit.

boggsman1 · Joined: 24 Jun 2002 Posts: 9120 Location: at a computer

I didn't say that...I'm dealing with some of his misguided policies today...Techno assumed Trump will get blamed when the market inevitably tanks, and my point is that's the way its been since I've been alive(1966).

jp5 · Joined: 19 May 1998 Posts: 3394 Location: OnUr6

up to 21k today boggs, you got to be lovin life!

boggsman1 · Joined: 24 Jun 2002 Posts: 9120 Location: at a computer

nw30 · Posted: Wed Mar 01, 2017 1:27 pm Post subject:

boggsman1 · Joined: 24 Jun 2002 Posts: 9120 Location: at a computer

Nope...pretty simple...I'll translate it for you. We haven't had 13 straight up days since 1987. The ratio of insider selling is at it highest since 2007...BUT, I'm thrilled that the market is going crazy.