True, bad policies make for bad markets, but let's take a closer look at what you're saying... these markets topped out in March of 2000... that's when the economy began to fail, in March of 2000, during Clinton's administration, and why is that? First of all, there was no budget surplus as reported by the General Accounting Office, the Clinton administration was cooking the books like Enron to fool the American people into believe the economy was doing just fine even when it was not... it was all done with trickery, smoke, and mirrors during the Clinton administration... when Bush entered office, he was left holding the bag which Clinton left him... I think it's important to be honest, but it's also very important to be fully disclosed and intellectually honest as well... nonetheless, I don't trade these markets on politic preference, I trade these markets solely based on what these markets are saying, profits can be made in either direction...
The bull market should have topped out early in the Clinton administration, but his people pumped these markets and allowed the Enron types to do the same and scam corporate stockholders into thinking these companies were doing such a great job, all Americans are stockholders in the U.S. economy... so now, Clinton left office and reality finally set in, the bubble for the DOW and the SP's are also finally bursting...
GZ |
