This is the first time in "five years" that the market has been this high. Who was president five years ago? That's right Bush. So Obama finally got to where Bush was five years ago.
Originally Posted by JD Barleycorn
So wrong. How quickly you've forgotten the mess that Bush created.
When Obama took office in 2/2009, the DJIA was at about 8,200 and bottomed out at about 6,500 2 months or so later. It is now over 13,900. The S&P 500 was about 890 when Obama took office, bottomed out at 683, and is now over 1500. Using either index. that's about 70% growth in a few days more than 4 years.
Go ahead and bash Obama in other areas, but I don't think you'll find many people complaining about the stock market during his time in office.