What happens to the lake if Romney wins?

[PaugusBayFireFighter]

Originally Posted by AC2717

As of 11am Markets are tanking
the Dow is down 284.25 points under 13,000
Nasdaq down 59.05
S&P 500 down 27.93

GOOD JOB AMERICA!!!!

The market bottomed on March 9, 2009, about seven weeks after he was sworn in. Since then, the Dow is up 100.3%. The S&P 500 has jumped 109.5%, and the Nasdaq has soared 136.5%. The Russell 2000 has surged 138.5%.

You show 1 of 1460 days since he's been in office....really?

Using the stock market to show how wrong the voters were last night is not where you want to go...

[brk-lnt]

Originally Posted by PaugusBayFireFighter

The market bottomed on March 9, 2009, about seven weeks after he was sworn in. Since then, the Dow is up 100.3%.

You are correct. After 4 years in office the stock market is essentially back to where it was right before Obama was sworn in... Or to put it another way, he has managed after this time to recover all the losses, putting us at break-even over the course of his tenure.

Neither spin is particularly complimentary to his efforts, but depending on the story you want to tell, these statistics are good data points to interpret to your liking.

[P-3 Guy]

Originally Posted by brk-lnt

You are correct. After 4 years in office the stock market is essentially back to where it was right before Obama was sworn in... Or to put it another way, he has managed after this time to recover all the losses, putting us at break-even over the course of his tenure.

Neither spin is particularly complimentary to his efforts, but depending on the story you want to tell, these statistics are good data points to interpret to your liking.

No, we are not break even over the course of his tenure. If the Dow was at 12,932, the NASDAQ at 2,937 and the S&P 500 at 1,394 on January 20, 2009, then we would be at break even over the course of Obama's first term to date. In fact, on January 20, 2009 the Dow opened at 8,279, the NASDAQ composite at 1,520, and the S&P 500 at 849.

Now, I'm not saying that the increase in the markets since January 20, 2009 is because of Obama or his policies. The markets were in such a bad place when he took office that it's possible that Bonzo the chimp could have been president and the markets would have gone up. But to say that the markets have only broken even since Obama was inaugurated is simply not accurate.

[NoRegrets]

Originally Posted by PaugusBayFireFighter

The market bottomed on March 9, 2009, about seven weeks after he was sworn in. Since then, the Dow is up 100.3%. The S&P 500 has jumped 109.5%, and the Nasdaq has soared 136.5%. The Russell 2000 has surged 138.5%.

You show 1 of 1460 days since he's been in office....really?

Using the stock market to show how wrong the voters were last night is not where you want to go...

The economy and consequences of our elected officials impact the economy of the lake. Romney is a celebrity that makes the lake exciting. There is a special event that occurs when national, global, or hollywood personalities are spotted in our area.

I can't do the research today but the dow and other indicators are not static. Each number is an average of a select few companies that are traded in each of the different markets. The Dow industrial is an average of 30 top companies. The bottom of the performers are swapped out for better companies. This September Kraft was removed and United Health Group replaced it. There were 4 other companies replaced since 2008 / 9 making a comparison of the average worthless. You would be better off using a mutual fund or basic commodities and cost of food and energy for a financial comparison over time.