ASKED AND ANSWERED.Rogue Scholar 05 wrote:
Terri Tanna wrote:
What down turn? Please provide exact dates of any 10% or 15% decline in the U.S. equity markets since Jan. 20, 2009. Thank you.
Rogue Scholar 05 wrote: Easy, From October 2007 when the high in the DJIA was 14,090 until it bottomed out in March 2009 at 6,547 which is an OVER 50% drop!!!
And in the past three week AAPL has dropped 12% and the DJIA has dropped 2.2% and a significant number of experts expect a 10% correct before the election
Now, show us exactly what the Obama has done to spur the economy?
And it is just not one person who is saying the economy is in big trouble. I short sold my AAPL stock at 660 and it went up to $705 but it is now down to $630. APPL stock dropped 12% in just three weeks yet I'm ahead!!!
Poor ol’ rouge the rube has never responded to my answer to his excellent question:“Is there a cause and effect relationship between the unprecedented creation of WEALTH in the United States since March 2009, and the policies of the current administration?”= The answer I gave is:“RESOUNDINGLY YES!!”“The G in the Keynesian macro algorithm is =/> [equal to or greater than]$1TRILLION, while the first derivative of the M function (M1+M2+M3) is positive. How could there be anything but enormous WEALTH CREATION with this economic program even as inflation has remained a non-issue and the United States has the highest creditworthiness in its 224-year history? Thank you for asking.”
BTW, what does either the DJIA or Apple have to do with the United States equity markets. Apple is but one stock and DJIA is NOT a measure of the U.S. stock market.