Another Stellar Year for the Dow
UPDATE: I posted this a few days ago but thought it important to report back on the close of the year. The fact is the Dow lost ground in 2005 and has lost ground since the beginning of the Bush Presidency. You can read below for the reasons I think this is important. These are the numbers:
12/31/00 10,787.99
12/31/04 10,783.01
12/30/05 10,717.50
PS. During the first five years of the Clinton Presidency, the Dow went from 3,301 a to 7,908 b. If the stock market had made the same percentage gains during Bush, the Dow would now be at 25,844. I'd say he's got a little catching up to do, eh? More than 15,000 points!
A simple three point graph shows how each president has done.
It looks like the Dow will end the year flat, yet again, during this presidency. As you've seen in my prior posts, the Bush economy shows no signs of improvement in many regards. If you're saving money for your kids education or your retirement, George W. Bush is no friend of yours. You'd be almost better off sticking your money in a mattress. Wall Street doesn't like instability and with all of the scandal in this administration, I worry 2006 may not be any better than 2005. Could it get any worse? There are some on the street predicting a bullish 2006... I pray they're right!
12/31/00 10,787.99
12/31/04 10,783.01
12/30/05 10,717.50
PS. During the first five years of the Clinton Presidency, the Dow went from 3,301 a to 7,908 b. If the stock market had made the same percentage gains during Bush, the Dow would now be at 25,844. I'd say he's got a little catching up to do, eh? More than 15,000 points!
A simple three point graph shows how each president has done.
Don't think the Dow is a broad enough indicator? How about the S&P 500?
a 12/31/92
b 12/31/97
Original Post
It looks like the Dow will end the year flat, yet again, during this presidency. As you've seen in my prior posts, the Bush economy shows no signs of improvement in many regards. If you're saving money for your kids education or your retirement, George W. Bush is no friend of yours. You'd be almost better off sticking your money in a mattress. Wall Street doesn't like instability and with all of the scandal in this administration, I worry 2006 may not be any better than 2005. Could it get any worse? There are some on the street predicting a bullish 2006... I pray they're right!
THIS YEAR
THE LAST FIVE YEARS
Literally 5 years of nothing!
Literally 5 years of nothing!
posted by crackerdog at 4:43 PM
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