The bottom had just fallen out because of the housing market collapse right before Obama took office, you ninny.<quoted text>
LOL. Let's see, when Obama took over the presidency, the Dow sat at 7,949 and it now sits at 14,960(even after a 200 point tumble), yet, for some insane reason, you view that as a sign Obama didn't save the economy. Have you ever thought of having your head examined?
Scary story: Why 2013 looks like 1987
The year was 1987. The market tipped.
Could 1987 happen again? Sure.
The 1987 crash was largely a function of an grossly overbought market and a flaw in how the markets worked.
The 2013 market, by a number of measures, is overbought, just as it was in the summer of 1987.
Best not to count your chickens....