The Stock Market – a predictor by the brightest financial minds in the world who are putting their own money where their mouth is – has risen consistently and aggressively in the two years President Obama has been president.
In January of 2009, when he began his term, the Dow stood at 6,547.
Friday it closed at 11,787.
That is an increase of 5,208, which equals 179%, or a 79% return on any dollar invested the month President Obama took office.
That is equivalent to making a 38.5% annual interest rate. Phenomenal.
This is across the Board. NASDAQ – representing smaller public companies – is up from 1269 then to 2737 Friday. That is a 216% increase in two years. So smaller business values are growing.
The S&P 500 is up from 677 to 1286. A 190% increase.
More important, the market continues to rise, despite all the doom and gloom predictions. It is widely contemplated that capitalists (Republicans) drive the market. Someone thinks that something has been done right and will go right in the future. Just interesting.
