Sunday, June 17, 2012

ObamaFact: The Stock Market

Investors in the stock market buy shares of stock when they believe that the price of that stock will increase. Since January 20, 2009, the date Barrack Obama was inaugurated, they have been right. The market hit bottom just 48 days later. We can only evaluate the President based on what has happened since he became President, regardless of who or what created the situation he inherited. The percent change is based on March 9.

                             1/20/09     3/9/09    6/15/12    % Change

Dow Jones IA         $7,949    $6,547   $12,767     UP   95%
S&P 500                   $805      $660      $1,343     UP   97%
NASDAQ                $1,441    $1,268     $2,873     UP 127%

Certainly some rebound is inevitable, but if the economy and the future of the United States were as grim as predicted by some, it seems to me that the world would not be investing so heavily into US capital markets.

By the way, if you check, the European and Asian markets have not rebounded quite so well.

                                              3/9/09     6/15/12    % Change
Nikei (Japan)                      $7,086      $8,569      UP   21%
Hang Seng Index (HK)       $11,694    $19,234      UP   64%
EURO STOXX 50 (EU)        $1,919      $2,181      UP   14%
FTSE 100 Index (UKX)        $3,531      $5,479      UP   55%

More fun ObamaFacts to come.

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