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(The New York Times)   Obama's anti-business liberalism leaves investors concerned for the safety of stocks as the Dow gains 26.5% in 2013, the S&P 500 32.4% and the Nasdaq 38%   (dealbook.nytimes.com ) divider line
    More: Obvious, NASDAQ, investment strategist, TIAA-CREF, total return, liberals  
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357 clicks; posted to Business » on 31 Dec 2013 at 11:37 PM (2 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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NFA [TotalFark]
2013-12-31 09:52:00 PM  
OBAMA!!!
 
2013-12-31 10:07:22 PM  
Obviously Obama has businesses brainwashed with his Kenyan mind control beams.
 
2013-12-31 10:50:57 PM  
Yes! 1928 has proven to be a FANTASTIC year!

/and 1929 looks to be even BETTER!
 
2013-12-31 11:51:44 PM  
Did_I_Do_That.jpg
 
2014-01-01 12:02:49 AM  
Last time I remember this happening everyone was saying "give me more political gridlock!" in the Clinton administration.
 
2014-01-01 12:05:48 AM  
If you understood anything about economics, you'd realize that this is all because of Regan.
 
2014-01-01 12:18:29 AM  
*Pfft* "26%. If it weren't for that blah man we'd own you peasants."
 
2014-01-01 12:24:31 AM  
It's those decreasing unemployment numbers  pushing up the value of workers and pressuring the minimum wage. They hate that.
 
2014-01-01 12:28:35 AM  

thornhill: If you understood anything about economics, you'd realize that this is all because of Regan.


wpc.556e.edgecastcdn.net

This isn't voodoo economics, this is demonic possession economics.
 
2014-01-01 12:33:27 AM  
If you devalue the dollar, then it takes more of them to buy a share of a company.
 
2014-01-01 12:47:06 AM  
Thanks, Obama.
 
2014-01-01 12:49:03 AM  

adm_crunch: If you devalue the dollar, then it takes more of them to buy a share of a company.


Yep, that huge 1.2% inflation rate really makes a difference.
 
2014-01-01 12:51:30 AM  
The Bush recovery just keeps going and going
 
2014-01-01 12:54:36 AM  

Mad_Radhu: adm_crunch: If you devalue the dollar, then it takes more of them to buy a share of a company.

Yep, that huge 1.2% inflation rate really makes a difference.


Not to mention everyone remembers how the stock market exploded in the late 70s and early 80s when inflation hit over 10% annually. It just surged, right?
 
2014-01-01 12:54:48 AM  
Well I see every good meme is already covered.Socialistiest socialist who ever socialized socialism
 
2014-01-01 12:56:50 AM  
Thanks, Bernanke!!!!
 
2014-01-01 12:59:09 AM  
Butt.
 
2014-01-01 01:08:31 AM  
If it weren't for George Bush the Younger, we'd have cities on Mars by now!
 
2014-01-01 01:15:39 AM  

ajgeek: Last time I remember this happening everyone was saying "give me more political gridlock!" in the Clinton administration.


Yes the same guy who rode the dot com bubble then passed legislation that caused the most recent melt down.

Also, the stock market has nothing to do with business any longer since they're just betting other companies will do better than others. Its just farking gambling.
 
2014-01-01 01:40:05 AM  
It's like the relative success of businesses is cyclical in nature.  A business cycle, if you will.
 
2014-01-01 01:49:47 AM  

Mad_Radhu: adm_crunch: If you devalue the dollar, then it takes more of them to buy a share of a company.

Yep, that huge 1.2% inflation rate really makes a difference.


You realize that a rise in P/E ratios ratios by treasury purchases does not an economic recovery make. The people with first access to get money made out huge.  Meanwhile your purchasing power shrunk, and your wages decreased and we should thank those who engineered it? To be totally fair to Obama, he is a gifted politician, not a gifted economist. With paul krugman as an apologist I can understand the lack of clarity.
 
2014-01-01 03:47:09 AM  
As we know from trickle down economics - wall street will certainly be rewarding main street soon... just wait for it (for the next 2000 years or so) because it surely is coming.
 
2014-01-01 03:55:41 AM  
I try so hard to ignore Obama is in the pocket of wall street and a corporate whore.... But he and his administration is (and are). That doesn't mean this administration has done no good, and certainly a Romney or McCain presidency would have been worse but there won't be any more actually decent heads of state in North America I don't think. There can't be. Between corporate pressure and military demands well, its a rigged game and even the best puppet is still a puppet.

/scared and sad
 
2014-01-01 04:06:39 AM  

m3000: Obviously ObamaFartbama has businesses brainwashed with his Kenyan mind control beams farts.

 
2014-01-01 04:26:33 AM  
Silly subby, Obama is an anti-business liberal commie Muslim pinko when we're talking about something Wall Street isn't happy about; in this sort of situation, Obama is another corporate whore in the pocket of big business, corrupt in the Chicago Way, printing money, inflating bubbles, and bailing out Wall Street, BSABSVR amen.
 
2014-01-01 05:19:50 AM  
I was going to make a joke about the hyper inflation we've been promised for 4+ years but I see some clowns already covered it.
 
2014-01-01 06:22:54 AM  
Things will continue to go well until we hit a snag in the HST algorithms.  The market will then divide by zero and we'll be sucked into the black hole.
 
2014-01-01 06:23:57 AM  

inclemency: I try so hard to ignore Obama is in the pocket of wall street and a corporate whore.... But he and his administration is (and are). That doesn't mean this administration has done no good, and certainly a Romney or McCain presidency would have been worse but there won't be any more actually decent heads of state in North America I don't think. There can't be. Between corporate pressure and military demands well, its a rigged game and even the best puppet is still a puppet.

/scared and sad


Bought and sold with the rest of the system.
 
2014-01-01 07:28:49 AM  

jaytkay: I was going to make a joke about the hyper inflation we've been promised for 4+ years but I see some clowns already covered it.


Still, it somehow scares the living crap out of some people, usually the exact same people who fail to realize a modest inflation would only hurt a little bit but do wonders for repaying our national debt, which also freaks them out.
 
2014-01-01 07:42:30 AM  
img.fark.net
No one has ever said he doesn't have Wall Street Buddies.... Is main street doing as well, though?
 
2014-01-01 07:52:32 AM  

dfenstrate: [img.fark.net image 300x149]
No one has ever said he doesn't have Wall Street Buddies.... Is main street doing as well, though?


Main Street decided to vote for teatards because they have a laser-like focus on jobs
 
2014-01-01 08:52:24 AM  

dfenstrate: [img.fark.net image 300x149]
No one has ever said he doesn't have Wall Street Buddies.... Is main street doing as well, though?


So you admit trickle down doesn't work.  Acceptance is the first step on the path to recovery.
 
2014-01-01 09:04:00 AM  

pueblonative: dfenstrate: [img.fark.net image 300x149]
No one has ever said he doesn't have Wall Street Buddies.... Is main street doing as well, though?

So you admit trickle down doesn't work.  Acceptance is the first step on the path to recovery.


---

Don't you understand right-wing logic?

Anyone thriving under Obama must be among his cronies, there's no other possible explanation.

Those that are rich, but experiencing any kind of self-described setback, earned every penny and then some.  The aforementioned setback is directly attributable to Obama.  They're still wealthy DESPITE Obama.

This is how to explain away the fact that the rich are still getting richer under Obamunism, even though the tagline about socialism/communism has always been that the rich become poor, so everyone's poor.  Once Obama is gone, if and when we have a Republican president back in office, anyone rich (even those who thrived under Obama) goes back to earned-every-penny status.
 
2014-01-01 09:04:52 AM  

dfenstrate: [img.fark.net image 300x149]
No one has ever said he doesn't have Wall Street Buddies.... Is main street doing as well, though?


Lots of main street people have 401K tied to stocks and bonds. Don't you have a 401K? Even if your 401K was tied to a simple S&P500 Index fund, your returns during the Obama Administration would be over 100%

S&P 500 in 01/20/2009: 805.22
S&P 500 in 11/21/2013: 1,848.36
Rate of Return: 129.55%
 
2014-01-01 09:07:06 AM  
S&P 500 in 01/20/2009: 805.22
S&P 500 in 11/21/2013 12/31/2013: 1,848.36
Rate of Return: 129.55%

FTFM
 
2014-01-01 09:15:34 AM  

Yankees Team Gynecologist: Don't you understand right-wing logic?


Actually, no, since I'm sober.  Come to think of it even last night I couldn't get my head around it.  I suppose there is some level of alcohol imbibing that would make conservative logic reasonable.  I'm also sure that it's north of the points labelled "alcohol poisoning" and "DTs"
 
2014-01-01 09:18:08 AM  

hugram: S&P 500 in 01/20/2009: 805.22
S&P 500 in 11/21/2013 12/31/2013: 1,848.36
Rate of Return: 129.55%

FTFM


The real magic is how MY 401k can be kept from gaining anything no matter how far the market rises, but every little loss gets multiplied.
 
2014-01-01 09:22:29 AM  
Don't worry our economy will soon implode on itself in a few months.
 
2014-01-01 09:24:54 AM  

lockers: Mad_Radhu: adm_crunch: If you devalue the dollar, then it takes more of them to buy a share of a company.

Yep, that huge 1.2% inflation rate really makes a difference.

You realize that a rise in P/E ratios ratios by treasury purchases does not an economic recovery make. The people with first access to get money made out huge.  Meanwhile your purchasing power shrunk, and your wages decreased and we should thank those who engineered it? To be totally fair to Obama, he is a gifted politician, not a gifted economist. With paul krugman as an apologist I can understand the lack of clarity.  CPI IS AS FAKE AS 0BAMA'S BIRTH CERTIFICATE!


FTFY
 
2014-01-01 09:27:11 AM  

hugram: Lots of main street people have 401K tied to stocks and bonds. Don't you have a 401K? Even if your 401K was tied to a simple S&P500 Index fund, your returns during the Obama Administration would be over 100%

S&P 500 in 01/20/2009: 805.22
S&P 500 in 11/21/2013: 1,848.36
Rate of Return: 129.55%


---

It is true that a lot of middle and even lower-middle class people benefit from stock market gains.  This fact can serve arguments on both sides.  However, it's obviously not proportional to the gains from wealthy investors.

This comment is asking for the oh-wait-you're-serious.gif, but somebody like Warren Buffett, who at least seems to understand the long-term importance of the middle class to the entire economy (including the rich), should set up a massive minimal-fee, non-profit hedge fund for middle and lower-income people.  With enough small amounts of principal from 100 million people, it could have enough weight to get in on more exclusive investment opportunities.  This would basically be like that Onion article about the American people hiring their own lobbyist, but I don't see why it couldn't work if a Wall Street big shot with legitimate talent was actually willing to do it and could get it going on a large enough scale.
 
2014-01-01 09:29:52 AM  

Yankees Team Gynecologist: hugram: Lots of main street people have 401K tied to stocks and bonds. Don't you have a 401K? Even if your 401K was tied to a simple S&P500 Index fund, your returns during the Obama Administration would be over 100%

S&P 500 in 01/20/2009: 805.22
S&P 500 in 11/21/2013: 1,848.36
Rate of Return: 129.55%

---

It is true that a lot of middle and even lower-middle class people benefit from stock market gains.  This fact can serve arguments on both sides.  However, it's obviously not proportional to the gains from wealthy investors.

This comment is asking for the oh-wait-you're-serious.gif, but somebody like Warren Buffett, who at least seems to understand the long-term importance of the middle class to the entire economy (including the rich), should set up a massive minimal-fee, non-profit hedge fund for middle and lower-income people.  With enough small amounts of principal from 100 million people, it could have enough weight to get in on more exclusive investment opportunities.  This would basically be like that Onion article about the American people hiring their own lobbyist, but I don't see why it couldn't work if a Wall Street big shot with legitimate talent was actually willing to do it and could get it going on a large enough scale.


Yeah, something like a security need for people so they don't become a burden on society when they can no longer work.  Social security, you could call it.
 
2014-01-01 09:38:51 AM  

pueblonative: Yeah, something like a security need for people so they don't become a burden on society when they can no longer work. Social security, you could call it.


I believe in Social Security as a safety net that is inherent to all first-world countries, but I'm pretty sure the fund cannot be invested in stocks, REITs, or other private investments.  What I described would be a private investment opportunity to give people at a certain wealth percentile an outside chance at having their personal returns track something resembling Mitt Romney's.  There could be an awareness campaign, but it would be entirely voluntary.
 
2014-01-01 09:43:33 AM  
People just don't grasps how farked the situation with economy is. The the dotcom bubble was what the gogo 90s were fueled was essentially bullshiat speculation. Then it cratered in 2001. Then house bubble blew up because of house pricing speculation and the feds wanting "create a culture of home ownership" (actual quote from W from 2004 election campaign) then it cratered so hard it landed us in a near depression until Bernanke's magic money machine is injecting 85 billion a month into markets on top how ever much money we spent on TARP in 2009. The entire economy is running on pixie dust and unicorn tears, folks. This worse than the 1920s where everyone was buying stocks on margins. Way. WAY. Worse. We have the perfect shiat storm brewing, de-industrialization, megabanks, a worse wealth gap than Nigeria, on top of the biggest bubble seen since tulip speculation was a thing. They have been kicking this can since 2001 and I don't think they can kick it any further.
 
2014-01-01 09:45:11 AM  

Yankees Team Gynecologist: pueblonative: Yeah, something like a security need for people so they don't become a burden on society when they can no longer work. Social security, you could call it.

I believe in Social Security as a safety net that is inherent to all first-world countries, but I'm pretty sure the fund cannot be invested in stocks, REITs, or other private investments.  What I described would be a private investment opportunity to give people at a certain wealth percentile an outside chance at having their personal returns track something resembling Mitt Romney's.  There could be an awareness campaign, but it would be entirely voluntary.


While it would be nice to think that could happen, I'm thinking that it needs a broader base than private, voluntary contributions.  Something akin to a minimum income level financed through increased capital gains taxes and higher tax brackets on the rich.
 
2014-01-01 10:16:10 AM  
in march of 2009, right after obama took office, the dow was at 6,500. today it is at 16,500.

that's a gain of 10,000 points over the course of obama's term. just think about that for a second: ten. thousand. points.
 
2014-01-01 10:17:10 AM  

dfenstrate: [img.fark.net image 300x149]
No one has ever said he doesn't have Wall Street Buddies.... Is main street doing as well, though?


no - because supply-side, trickle-down economics is bullshiat.
 
2014-01-01 10:30:31 AM  

lockers: You realize that a rise in P/E ratios ratios by treasury purchases does not an economic recovery make. The people with first access to get money made out huge. Meanwhile your purchasing power shrunk, and your wages decreased and we should thank those who engineered it?


Do you say the same thing when the stock market goes up during a Republican administration?

The purchasing power of the dollar has shrunk less during Obama's term in office than it did during a corresponding period during Ronald Reagan's term.

Finally, declining wages are a choice made by the business owners, the "job creators" you Pubs are so enamored of.
 
2014-01-01 10:31:29 AM  

FlashHarry: in march of 2009, right after obama took office, the dow was at 6,500. today it is at 16,500.

that's a gain of 10,000 points over the course of obama's term. just think about that for a second: ten. thousand. points.


Worst.  Socialist.  Ever.
 
2014-01-01 10:32:07 AM  
If you listen to Republicans, the stock market is no longer an indicator of a healthy economy.

/they're right, but for the wrong reasons
 
2014-01-01 10:39:24 AM  

Another Government Employee: Things will continue to go well until we hit a snag in the HST algorithms.  The market will then divide by zero and we'll be sucked into the black hole.


The HST algorithm says to take a hit from the little brown bottle on the nightstand.
 
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