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Re: Stock market close to where Obama left office. Trump managed in a couple of months to lose ALL THE GAINS! 

By: Zimbler0 in BAF | Recommend this post (4)
Wed, 26 Dec 18 10:03 PM | 378 view(s)
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Msg. 03443 of 06530
(This msg. is a reply to 03441 by Decomposed)

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In the year 2000 we had the Y2K tech stock meltdown.

In 2008 and 2009 we had the sub-prime meltdown.

This should not be a surprise.

What is surprising, is that it took this long to have
a correction from stock market bubble Obama inflated
with 'Quantitative Easing' printed money.

Zim.




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Mad Poet Strikes Again.


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The above is a reply to the following message:
Stock market close to where Obama left office. Trump managed in a couple of months to lose ALL THE GAINS!
By: Decomposed
in BAF
Wed, 26 Dec 18 9:50 PM
Msg. 03441 of 06530

Re: "Hell of a job, Donald, you schmuck."
- zzfart #msg-1066725  

You're such an idiot. Can't you ever get anything right?

The Dow closed at 19,732.40 on Obama's last full day in office. It closed at 21,792.20 in its most recent trading session. That's more than 2,000 points... more than TEN PERCENT... higher. 21,792.20 is not close to where the economic buffoon Obama left it.

Not that it matters. The price of the Dow does not reflect the health of the economy and the President shouldn't be worrying about it. Rather, the Dow reflects what a handful of the nation's largest publicly traded companies are selling for. If Google or Apple land huge, overpriced contracts with the government, the Dow may well rise even as the nation's debt and economic health worsen. Of course, you're probably one of those fools who thinks that the debt doesn't matter. This explanation, therefore, won't make sense to you until one day you find yourself eating from a can of cat food and looking for someone to blame. THEN maybe you'll remember this post and finally figure it out.


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