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<blockquote data-quote="1989" data-source="post: 780631" data-attributes="member: 10280">On Bush&#039;s final day in office, the Dow, NASDAQ, and S&amp;P 500 closed at <a href="http://finance.yahoo.com/q/hp?s=%5EDJI&amp;a=00&amp;b=20&amp;c=2009&amp;d=00&amp;e=20&amp;friend=2009&amp;g=d" target="_blank">7,949</a>, <a href="http://finance.yahoo.com/q/hp?s=%5EIXIC&amp;a=00&amp;b=20&amp;c=2009&amp;d=00&amp;e=20&amp;friend=2009&amp;g=d" target="_blank">1,440</a>, and <a href="http://finance.yahoo.com/q/hp?s=%5EGSPC&amp;a=00&amp;b=20&amp;c=2009&amp;d=00&amp;e=20&amp;friend=2009&amp;g=d" target="_blank">805</a>, respectively. Today, as of 10:15AM Pacific, they are at <a href="http://finance.yahoo.com/q;_ylt=Ag8uWudqXdp4Vv130pZTKL.7YWsA;_ylu=X3oDMTE2bjA5a21tBHBvcwMxBHNlYwNtYXJrZXRTdW1tYXJ5SW5kaWNlcwRzbGsDZG93?s=%5EDJI" target="_blank">11,108</a>, <a href="http://finance.yahoo.com/q;_ylt=Ahzk.q_5wpPV73wl9wFBLXa7YWsA;_ylu=X3oDMTFmbmNuazYyBHBvcwM0BHNlYwNtYXJrZXRTdW1tYXJ5SW5kaWNlcwRzbGsDY2hhcnRmb3JuYXNk?s=%5EIXIC" target="_blank">2,512</a>, and <a href="http://finance.yahoo.com/q;_ylt=AndXYdccYeXDwv_Qe9Ezu367YWsA;_ylu=X3oDMTFiZG1nMGV1BHBvcwM1BHNlYwNtYXJrZXRTdW1tYXJ5SW5kaWNlcwRzbGsDc2FtcHA1MDA-?s=%5EGSPC" target="_blank">1,183</a>. That means since President Obama took office, the Dow, NASDAQ, and S&amp;P 500 have increased 40%, 74%, and 47%, respectively.Markets had priced in Obama taking office months before inauguration (Bush&#039;s last day in office)&nbsp; How much of the the gains can really be attributed to Obama?&nbsp; For example the last 15% or so has come from the Fed.&nbsp; How much of the previous gains were because of the Fed? (or because of QE1)&nbsp;&nbsp; In 2008 we had markets with much less manipulation than we do today.&nbsp; The poor and middle class are about to get squeezed yet again.</blockquote>

[QUOTE="1989, post: 780631, member: 10280"] On Bush's final day in office, the Dow, NASDAQ, and S&P 500 closed at [URL="http://finance.yahoo.com/q/hp?s=%5EDJI&a=00&b=20&c=2009&d=00&e=20&friend=2009&g=d"]7,949[/URL], [URL="http://finance.yahoo.com/q/hp?s=%5EIXIC&a=00&b=20&c=2009&d=00&e=20&friend=2009&g=d"]1,440[/URL], and [URL="http://finance.yahoo.com/q/hp?s=%5EGSPC&a=00&b=20&c=2009&d=00&e=20&friend=2009&g=d"]805[/URL], respectively. Today, as of 10:15AM Pacific, they are at [URL="http://finance.yahoo.com/q;_ylt=Ag8uWudqXdp4Vv130pZTKL.7YWsA;_ylu=X3oDMTE2bjA5a21tBHBvcwMxBHNlYwNtYXJrZXRTdW1tYXJ5SW5kaWNlcwRzbGsDZG93?s=%5EDJI"]11,108[/URL], [URL="http://finance.yahoo.com/q;_ylt=Ahzk.q_5wpPV73wl9wFBLXa7YWsA;_ylu=X3oDMTFmbmNuazYyBHBvcwM0BHNlYwNtYXJrZXRTdW1tYXJ5SW5kaWNlcwRzbGsDY2hhcnRmb3JuYXNk?s=%5EIXIC"]2,512[/URL], and [URL="http://finance.yahoo.com/q;_ylt=AndXYdccYeXDwv_Qe9Ezu367YWsA;_ylu=X3oDMTFiZG1nMGV1BHBvcwM1BHNlYwNtYXJrZXRTdW1tYXJ5SW5kaWNlcwRzbGsDc2FtcHA1MDA-?s=%5EGSPC"]1,183[/URL]. [I]That means since President Obama took office, the Dow, NASDAQ, and S&P 500 have increased 40%, 74%, and 47%, respectively. [COLOR=blue]Markets had priced in Obama taking office months before inauguration (Bush's last day in office) How much of the the gains can really be attributed to Obama? For example the last 15% or so has come from the Fed. How much of the previous gains were because of the Fed? (or because of QE1) In 2008 we had markets with much less manipulation than we do today. The poor and middle class are about to get squeezed yet again.[/COLOR] [/I] [/QUOTE]

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