The Dow Speaketh
At some point we might as well acknowlegde that the Dow continues to rise under Obama's watch. Like or not, we just closed at a 2009 high and you right-wingers need to recognize.
-Sam
Monday, November 9, 2009
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8 comments:
Hey, you know what else is at a 2009 (and a 25 year) high?
Unemployment. Recognize that.
If unemployment and the Dow was down, the discussion would be the same. I'm bored.
Remember way back a long time ago when I said something to the effect of, "The more of Obama's agenda that doesn't get passed or have a way of progressing, the higher you will see the DOW go."
I think that was pretty prophetic. Health Care is dead in the Senate, Cap'n Trade is dead, and the "stimulus" broke the back of it all. 800 Billion is a small price to pay to avoid socialism and the market loves that.
Jobless claims trending downward. Recognize THAT, Adam.
You know what is also at a 25 year benchmark? The dollar is lower than it's been at any point in the past 25 years. Whether the Dow is up or not, that concerns me far more than the stock market right now.
I'm guessing that all those people who did not claim to be jobless are all factoring into Obama's ethereal "jobs saved" metric.
Never mind that the number of jobless claims are still almost double - like unemployment is - what we see in a healthy economy.
Does this mean that Sam is recognizing that this is now Obama's economy?
Jobless claims going down can also mean people are giving up looking for work. Why keep looking when there is nothing available?
Additionally inflation can explain the DOW very well. Value of the dollar going down needs to be plotted against the rise in the DOW.
Does Obama own the Ft. Hood massacre too, or does he just get a "shout out"?
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