Dow now up under Obama

[I spent the winter writing songs about getting better]

The Down when Obama took office: 8128.22

Dow now: 8,512.28

Has been for a bit actually, but now significantly higher. Also gaining quite a bit over the last few days.

[memphis]

I'll be happier when unemployment is lower.

[Fmr. Pres. Duke]

We're poised for a major pullback very soon. I guess you can celebrate for now, though.

[○∙◄☻¥tπ[╪AV┼cVê└]

I'll be happier when unemployment is lower.

The Dow doesn't care about the poorest 99%.

[Rowan]

Job losses under Obama: 1.3 million.

[Marokai Backbeat]

Job losses under Obama: 1.3 million.

Started under the previous administration.

Thanks for that retarded contribution though, I'm sure there will be more like it.

[I spent the winter writing songs about getting better]

I'll be happier when unemployment is lower.

Lagging indicators.

My main point though is more for the "sky is falling" people (all blue avatars interestingly) who keep arguing we're still heading for another Great Depression or worse and that Obama's policies for it are awful and that they can't give any hard evidence why but we should simply trust their intuition on this.

[memphis]

I'll be happier when unemployment is lower.

Lagging indicators.

My main point though is more for the "sky is falling" people (all blue avatars interestingly) who keep arguing we're still heading for another Great Depression or worse and that Obama's policies for it are awful and that they can't give any hard evidence why but we should simply trust their intuition on this.

I understand what you're getting at, and I think the turnaround is coming. I just wanted to point out that for most people, the DJIA is pretty academic.

[○∙◄☻¥tπ[╪AV┼cVê└]

Job losses under Obama: 1.3 million.

It's got to be more like 2 million. Let's stick to the facts.

[Sam Spade]

Unemployment is probably not a lagging indicator in our scenario (actually, it could function both as a lagging indicator and a leading indicator).  There are a number of reasons why.

[Democratic Hawk]

Job losses under Obama: 1.3 million.

It would be worse still with the Republicans. Stands to reason given that they are more beholden to the excesses of neo-liberal dogma, wherein all the causation for the 'Great Recession' lies, than Democrats

[A18]

Job losses under Obama: 1.3 million.

It would be worse still with the Republicans. Stands to reason given that they are more beholden to the excesses of neo-liberal dogma, wherein all the causation for the 'Great Recession' lies, than Democrats

Bald assertion is a poor substitute for argument.

[Democratic Hawk]

Job losses under Obama: 1.3 million.

It would be worse still with the Republicans. Stands to reason given that they are more beholden to the excesses of neo-liberal dogma, wherein all the causation for the 'Great Recession' lies, than Democrats

Bald assertion is a poor substitute for argument.

It's an assertion I stand by

[Rowan]

Job losses under Obama: 1.3 million.

It's got to be more like 2 million. Let's stick to the facts.

I was just counting February and March job losses. I'm sure after April comes in, it will be over 2 million.

[Democratic Hawk]

Job losses under Obama: 1.3 million.

It's got to be more like 2 million. Let's stick to the facts.

I was just counting February and March job losses. I'm sure after April comes in, it will be over 2 million.

And what is so amusing about people losing their jobs?

[Nhoj]

Job losses under Obama: 1.3 million.

It's got to be more like 2 million. Let's stick to the facts.

I was just counting February and March job losses. I'm sure after April comes in, it will be over 2 million.

is there really a need to smile about that...

[Rowan]

Job losses under Obama: 1.3 million.

It's got to be more like 2 million. Let's stick to the facts.

I was just counting February and March job losses. I'm sure after April comes in, it will be over 2 million.

And what is so amusing about people losing their jobs?

Hey it's better than liberals hoping for American deaths in Iraq to prove a political point.

[Nhoj]

Job losses under Obama: 1.3 million.

It's got to be more like 2 million. Let's stick to the facts.

I was just counting February and March job losses. I'm sure after April comes in, it will be over 2 million.

And what is so amusing about people losing their jobs?

Hey it's better than liberals hoping for American deaths in Iraq to prove a political point.

both are disgusting and since you felt the need to justify your actions by pointing out that liberals did worse im inclined to believe you are indeed happy jobs are being lost.

[Rowan]

Job losses under Obama: 1.3 million.

It's got to be more like 2 million. Let's stick to the facts.

I was just counting February and March job losses. I'm sure after April comes in, it will be over 2 million.

And what is so amusing about people losing their jobs?

Hey it's better than liberals hoping for American deaths in Iraq to prove a political point.

both are disgusting and since you felt the need to justify your actions by pointing out that liberals did worse im inclined to believe you are indeed happy jobs are being lost.

It's life. People lose their jobs. I have family members who lost their jobs. It's not time to just sit and wallow, you go out and look for a new one.

[k-onmmunist]

The Dow resurfing is nothing to do with Obama.

In fact, it's simply the invisible hand, plus demand, re-correcting the market, which is currently undervalued.

[Eraserhead]

Job losses under Obama: 1.3 million.

It's got to be more like 2 million. Let's stick to the facts.

I was just counting February and March job losses. I'm sure after April comes in, it will be over 2 million.

And what is so amusing about people losing their jobs?

Hey it's better than liberals hoping for American deaths in Iraq to prove a political point.

Please. Stop. Posting.

[War on Want]

Job losses under Obama: 1.3 million.

It's got to be more like 2 million. Let's stick to the facts.

I was just counting February and March job losses. I'm sure after April comes in, it will be over 2 million.

And what is so amusing about people losing their jobs?

Hey it's better than liberals hoping for American deaths in Iraq to prove a political point.

Absolutley no liberals were hoping for Americans to die in Iraq...

[Sam Spade]

The Dow resurfing is nothing to do with Obama.

In fact, it's simply the invisible hand, plus demand, re-correcting the market, which is currently undervalued.

Market currently undervalued?

By my present count, estimates for the SP 500 for 2009 are at around $42 per share (give or take a few dollars and I think that's still too high)

Historically, most bear markets bottom at single-digit P/E ratios.  The big bear market bottoms usually occur in single-digit P/E ratios of right around $5 per share (1932, 1949, 1982, I believe 1974 was around

Now, we can argue as to whether that number should be higher because of so much 401k investment.  It was certainly a higher number in the 2003 bottom.  Of course, there is an argument to be made that that bottom was not a real bottom and we have yet to see the true bottom, an idea built on the supposition that the secular bull market ended in 2000.

Anyway, the stock market is overvalued, not undervalued, in my mind, as was not undervalued at its lows in March.  (some companies may have been, but that's a different question).

[Fmr. Pres. Duke]

Cramer has announced the end of the bear market and says we are now in a bull market. I am still wary of that claim.

[○∙◄☻¥tπ[╪AV┼cVê└]

Cramer has announced the end of the bear market and says we are now in a bull market. I am still wary of that claim.

Jim Cramer will say whatever he needs to manipulate the markets to his advantage. You're better off using an ouija board to determine what to invest in.