Friday, July 11, 2014

Economy? Who cares? I'm focused on wealth. 'nuff said.

update to a post initially made back in July 2012 .... 

Lots of moaning and groaning about how the economy will be the end to the Obama Presidency.  Hmmm,  I wonder what the stock market says .... keeping in mind the 10s of millions of middle class Americans have 401 ks, IRAs, Coverdales, 529s, et al:

S&P 500

Jan 21, 2001 Bush sworn into office 1342.54
Jan 21, 2005 Bush completes 1st term 1167.87
Return .... -13.01%

Jan 21, 2005 Bush sworn into office 1167.87
Jan 21, 2009 Bush completes 2nd term 840.24
Return .... -28.05%

Jan 21, 2009 Obama sworn into office 840.24
Jan 22, 2013 Obama completes 1st term 1492.56
Return .... +77.63%

Jan 22, 2013 Obama sworn into office 1492.56
July 7, 2014  Current day 1967.57
Return .... +31.8%


'nuff said.

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