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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