Dow still falling under Obamanomics

This is getting repetitive. "The economy was weaker than we thought".
Come on Bernanke. You can do better than that. Three years in and you are still trying to figure this out?
http://www.google.com/finance?client=ob&q=INDEXDJX:DJI#

http://www.federalreserve.gov/newsevents/testimony/bernanke20111004a.htm

 

still falling? the dows has like doubled since he took office

 

Oct. 3 (Bloomberg) -- U.S. stocks rose, erasing early losses, after reports on manufacturing industries and construction spending topped estimates, tempering concern the economic recovery was in jeopardy.

The Standard & Poor's 500 Index rose 0.3 percent to 1,132.27 at 10:11 a.m. in New York after slumping as much as 0.9 percent before the manufacturing data. The Dow Jones Industrial Average climbed 32.51 points, or 0.3 percent, to 10,945.89.

The Institute for Supply Management's factory index rose to 51.6 in September from 50.6 the prior month, the Tempe, Arizona- based group said today. A reading of 50 is the dividing line between expansion and contraction in manufacturing. Construction spending in the U.S. unexpectedly rebounded in August, climbing 1.4 percent, Commerce Department figures showed.

The S&P 500 slipped 0.4 percent last week as the sovereign debt crisis in Europe and fears of a global slowdown overshadowed improving economic reports in the U.S. The S&P 500 tumbled 14 percent in the third quarter, the worst drop since the three months ending December 2008. The index declined in nine out 13 weeks during the quarter. For the year, the S&P 500 was down 10 percent through Sept. 30.






Read more: http://www.sfgate.com/cgi-bin/artic...omberg_articlesLSHU4B6K50ZJ.DTL#ixzz1ZpZmUf6P

 

The Dow Jones dropped 12 percent in the Third quarter.

 

its only 4-5k higher than it was back in the start of 09...

you miss the good old days of 6k?

 

What would you like him to do?
Lower taxes and increase deficits?

 

Stocks are worthless. Especially American stocks. All America stocks and currencies are getting smashed relative to the dollar index. The Dow lost almost 20 percent of it's value when you measure it in gold.

 

The Dow and S&P have broke through resistance levels...sure we'll have up days, but the trend is DOWN.

 

Government to Cut spending.

Bernanke cannot raise taxes. Congress makes the laws.

 

DJI Close........January 20, 2009: 7,949.09

DJI Close........October 3, 2011: 10,655.30



LOL, What?

 

yes ownership of major corporations has no value....lol

 

I wonder if all their backs are killing them with all the moving of those heavy goalposts they all do. LOL

 

Not the same value Pre 2008. Not even close. You're thinking of NYSE stocks in terms of numbers. There is a difference between numbers and the value the stocks represents.

 

not sure but it has to be tiring rooting for economic disaster all the time

 

no...faaaaaaaaaaar more....

you obviously didnt have anything invested pre2008....

 

It's the result of the right-wing trying to take America back...

Apparently they want to take the stock market back too.

'member how Obama devalued the US dollar?



Back in 2001...

 

lol I t hink youre confusing me....with you.

youre the one talking about stocks in terms of numbers

 

errr...is this an agreement with the OP or opposing view...'cause I'm not really sure...are YOU?

 

You obviously don't know anything about stocks. There are no stocks are are worth far more than they were pre 2008 levels.

Microsoft lost more than 90 percent of value. It's not half of what it was worth 2007 - 2008.

 

Someone doesn't know what a dollar index is. What a surprise.

 

The OP is talking about something completely different. Why can't you comprehend what you read?

 

LOL/10 char.

 

.....are you talking about a different microsoft?

http://moneycentral.msn.com/investor/charts/chartdl.aspx?symbol=MSFT&CP=0&PT=10

 

Considering that he inherited it at around 7000, be sure to get back to us with your complaints when it drops below that.
Otherwise, your thread is a lie.

 

?