Obama came with intent to squelch America's economy and has succeeded close to permanent damage. He created 16 trillion dept, joblessness and loss of millions of job opportuities and household income down $4,000+. With all of that success, the one element of our income habit he has not known yet how to destroy is the stock market.
I am no expert about that, being only a senior with 401K income from all of those mutual funds spread out to many entities. There are multitudes of things about the stock market behavior that I know little about. Daily predictions and anxieties seem silly to me most days. Professionals operating deep in the weeds of it can talk lots of details yet may not really know much about why anything happens. Perhaps I don't either, yet I am amazed at the comeback after 2008. Furthermore millions of seniors use the stock market to do for themselves what the social security system should have been doing all along.
Obama does target our 401k system. If elected he might be finally able to beat us by raiding it. In the meantime, our capitalism system of using stocks and bonds enable millions of us to manage late life in moderate comfort. We continue at it despite Obama et.al. He wants to break it up but cannot break our habit.
Most of us know that He and his gang of lefties, progressives and folks seriously sick with envy will potentially damage our monetary system and crush us with dept so far that everyone goes underwater.
Comment
Comment by PC Bob on August 24, 2012 at 9:56pm " I thought he was nuts, but he had the last laugh."
That is the secret of the stock market, see. You have to be a little bit nuts to jump in and buy when everyone else is selling! The contrarian knows that to make ANY money you must buy low, and sell high. It's just that simple. The market will come back. It ALWAYS comes back. It always has. If Mr. Obama figures out a way to change that we ar sunk. If Mitt Romney wins in November we'll see a miraculous recovery in the stock markets. As noted, if Mr. Obama wins, we are all in deep doodoo.
Comment by Michael Goodfellow on August 24, 2012 at 9:17pm You're right, JR Walton.
Comment by Nevadastu on August 24, 2012 at 6:02pm It's possible that the market forces are counting on a Romney victory in Nov. It's also possible that stocks are up because corporations are flush with cash, being afraid to commit to major expenditures until Obamacare is repealed, and the tax structure is stabilized. If Obama wins in Nov, the market will crash. It may crash before the election, but if Romney wins it will recover.
Comment by J.R.Wallon on August 24, 2012 at 6:01pm YOU CAN'T MAKE A DICTATOR HAPPY!!
Comment by Roland C. Cartier Jr on August 24, 2012 at 5:56pm Russell like you I've worked my tail to have what I have so I say give 'em Zip, Nada, Ziltch, Zero and whatever synonyms you can come up with. I'm @ 45 years so you got me by a few but it's up to us to Ebb The Red Tide from this Abyss this Administration has managed to put us in.
Comment by Russell Edmund Fowler on August 24, 2012 at 5:49pm Work over 50 years for a nest egg only to give it to Obama. What more do I need to make Obama happy.
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