http://www.ritholtz.com/blog/2011/01/if-this-is-socialism-call-me-comrade/
By Guest Author - January 1st, 2011, 7:40AM Global Macro Monitor produces informed opinion about markets and the global economy. This was originally published on December 31, 2010
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No politics or partisanship here, âjust the facts maâamâ. The stock market as measured by the S&P500 is up just about 50 percent since President Obamaâs inauguration to todayâs close. Only Eisenhowser comes close, but not even in the same zip code. A 50 percent stock move does a lot âspreading the wealth aroundâ and Joe the Plumberâs pension is in much better shape today than it was in November 2008!
Sure, sure, there are a ton of reasons to explain the differences, but this is politics folks! A CapEX spending led economic acceleration and pick-up in hiring in 2011, which usually follows such a strong equity performance, will make the President look unbeatable same time next year, in our opinion. Stay tuned.
By Guest Author - January 1st, 2011, 7:40AM Global Macro Monitor produces informed opinion about markets and the global economy. This was originally published on December 31, 2010
~~~
No politics or partisanship here, âjust the facts maâamâ. The stock market as measured by the S&P500 is up just about 50 percent since President Obamaâs inauguration to todayâs close. Only Eisenhowser comes close, but not even in the same zip code. A 50 percent stock move does a lot âspreading the wealth aroundâ and Joe the Plumberâs pension is in much better shape today than it was in November 2008!
Sure, sure, there are a ton of reasons to explain the differences, but this is politics folks! A CapEX spending led economic acceleration and pick-up in hiring in 2011, which usually follows such a strong equity performance, will make the President look unbeatable same time next year, in our opinion. Stay tuned.