FT.com / Markets - US stocks suffer worst year since Great Depression »
Posted By ADAGUY 11 months ago in NewsThe worst annual performance for Wall Street stocks since the Great Depression ended with a modest rally on the final day of trading as the Federal Reserve pushed ahead with its plan to buy mortgage-backed securities.
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ADAGUY
Self employed since 1973, and live in small town USA. Spent many years in construction trade. Commonly support candidates who support working class citizens. Not ...
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Goppy11 months ago
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WOW ADAGUY ... ! The stock market did even worse with George W. Bush as President than it does typically in a Republican Administration!
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Way, Way, Way, Worse!
I mean, the stock market has historically done much worse through Republican Administrations than Democratic ... but GW appears to have really OUT DONE himself!
Who could have anticipated this from a fellow previously so proud of his mediocrity?
Hey, if you want to check out how poorly the stock market has done with a Republican at the helm as compared to our nation have a Democrat at the helm ... just check out this factual study.
http://www.usatoday.com/money/perfi/columnist/kran...
A quick synopsis from the article:
Since 1901 ... the DOW has increased:
383.7% under Republicans.
639.6% under Democrats.
Now here's the kicker ... these stats have been compiled only through 2004.
Can you just imagine what a hit the Republican aggregate is going to take once 2005, 2006, 2007, and 2008 are factored in?
Who knew that mediocrity, incompetence, negligence, and a rigid ideological mindset could produce such fantastic failure ... across the board!
My hat's off to you George W(orst President in History) Bush!
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nikkibabe10 months, 4 weeks ago
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Why do a country need a Stock Exchange?. Why not people put their money in FDIC insured Bank deposits and let the Banks worry about making profit by lending to businesses?
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Businesses that need to start or expand or survive have to justify their need to bank and get the money.
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