Thread: The random political thoughts thread (Part Deux)
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Old 03-10-2009, 10:25 AM   #4232
sleepyjeff
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Join Date: Jan 2005
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Quote:
Originally Posted by Ghoulish Delight View Post
Hey Sleepy, the Dow's up 300 points today. Does that mean you now have to declare Obama a resounding success as a President?

The Dow is b.s. I've watched my company's stock fall 10% on a day where we announced record profits and guidance for even higher profits the next quarter. So forgive me if I don't consider the sum of a bunch of stock prices the be all and end all of financial doom. It's a mediocre indicator of economic health at best, and an absolutely irrelevant indicator over 60 days of a President's performance.

You might, by the way, want to take a look at what the dow did the first two months after Reagan's inauguration. Or the first two months after WWII ended (what a horrible decision THAT turned out to be, geez).
Fair enough.
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