Could we be wrong. :lau: Please.
Obama can only create so many miracles at a time. Doubling of the S&P500 is pretty impressive. That's a doubling of WEALTH Moots.
Now you tell me, does the market LEAD of LAG the economy? What does that say about the prospects for the rest of America?
Speaking of Obama "miracles", I'm still anxiously awaiting that reply you promised me. over four days ago, on the "worst socialist ever" thread, listing SOME SPECIFICS on exactly what Obama has done to aid and improve the market. For a guy not only capable of producing "results", but "miracles"....you and the rest of his supporters sure seem to have a lot of trouble offering supporting details!
Again Blue, stay focused....It's a very fair, simple and direct question. You claim he's done so much...simply list some examples,in detail!
Now as for equating the doubling of the S&P to doubling of Wealth, that's almost to ridiculous to comment on...
The only way that can be a true statement, is if you know someone who owns NO OTHER ASSETS, is 100% invested in the S&P, and made that entire investment when the S&P was at half of it's current value. Yeah, then the S&P doubling would be responsible for doubling his wealth...Not a very realistic scenario, I'm thinking that guy doesn't exist. :)