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.
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."
Quote from: freeyourchains4science on December 28, 2014, 08:26:12 PMAnd 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?
