Bullhauler said:
aplusmnt said:
O Bullhauler what has happened to the Obama Rally?..........Since you gave him credit for the growth past 10,000 you going to accept he is to blame for it being back down to 9,700 in a short amount of days?
Come on don't be a fair weather supporter, if Obama was the cause of the rally then he has to be the cause of the fall! A ten year old could see that fair is fair! :wink:
Dow seems to be doing pretty good for the last week of October. If you could read you could go back to the reply I gave you ten pages or so ago. The President always gets both the credit and the blame for how the market moves.
Since the market was way up today I guess the Obama rally continues. Dow will probably blow past 11000 before the end of the year. Too bad you didn't get in back when I started this thread.
:lol: :lol: I knew you would reply today, you avoided the subject for the past few days because you did not want to accept Obama would have been a failure.
Point you have missed on what I have said is the market will move sideways for a long time, we will have days like today and then next week we will probably lose it back again. My point is you know nothing about what you are talking. Obama has did nothing to help the market, sure he has did things to hurt it, but you can not show any legislation he has done to help it.
What we have now is people playing with the market and buying and selling on every single earnings release. When it goes up there is no real growth, just artificial numbers and that is why it moves back down or sideways as I have stated.
Sure the market had to get back up because when it crashed it crashed way lower than actual value so it had to go up some. Now that it is about were it should be it will move sideways for some time. Some days it will be small movement then there will be days with big movement both ways.
I imagine we will even see another big bust in near future and it will be back around 7,000 and then it will move up again to 10,000 but when that happens it will not be an Obama rally it will be people playing and looking for bargains again just like this time.
In summary Obama has did nothing to grow the market, he has just did much to make it less stable than it was before. It will be a roller coaster ride for a few years.