Author Topic: President Obama Made One Of History's Greatest Stock Market Calls In March 2009  (Read 2373 times)

Travis

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300 words and a click-bait headline to inform us the President knows you should buy when the market is at an all time low.

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In a July note to clients, Goldman Sachs' David Kostin remembers that time Obama talked about stocks. From the note:

Some investors may remember Obama’s previous equity valuation comment from March 3, 2009 when the S&P 500 traded at 696: ”On the other hand, what you're now seeing is profit and earnings ratios are starting to get to the point where buying stocks is a potentially good deal if you've got a long-term perspective on it.” Since his observation, the S&P 500 has soared by 185% and this week reached a new all-time high of 1988.

March 3 was six days before the S&P 500 hit an intraday low of 666. This was a time when naysayers were saying Obama's radicalism was killing the stock market.

On Tuesday, the S&P closed at a record 2,082. That's a solid 200% gain in a little under 6 years.

That was a pretty extraordinary call.


http://www.businessinsider.com/obama-buying-stocks-is-a-potentially-good-deal-2014-12

wtjbatman

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Almost like he knew something we didn't...


freeyourchains4science

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And now Obama invests purely in U.S. Treasury Bonds, which is a play on Global market and a U.S. Economy crash. Interesting to see if his investments on this will be right.
"Almost as though he knows something we do not."

innerscorecard

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And now Obama invests purely in U.S. Treasury Bonds, which is a play on Global market and a U.S. Economy crash. Interesting to see if his investments on this will be right.
"Almost as though he knows something we do not."

I believe Obama's most recent disclosure forms indicate he was invested in Vanguard's S&P 500 index fund, no?

iamlindoro

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And now Obama invests purely in U.S. Treasury Bonds, which is a play on Global market and a U.S. Economy crash. Interesting to see if his investments on this will be right.
"Almost as though he knows something we do not."

I believe Obama's most recent disclosure forms indicate he was invested in Vanguard's S&P 500 index fund, no?

Come on, if you can't believe the guy who registered for an account just to post a conspiracy theory about a polarizing political figure, who can you believe?