The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Jim McMannis who wrote (189140)	3/7/2009 10:44:13 AM
From: ajtj99	Read Replies (2) of 306849

The Nasdaq was 3500 when Bush was elected in Nov. 2000. By April 4 it was 1619, almost a 55% drop. If you want to do your 6-months out thing the Nasdaq was almost 4000 in May 2001. By Sept. 24, 2001 it hit 1387, a 60% drop from election day. Do I think Bush had anything to do with this? No. Do I think Obama has anything to do with the current drop? No. The business cycle doesn't care who is in the office of the President. McCain, Ron Paul, or Paris Hilton wouldn't have made a difference in the stock market if they had been elected. People need someone to blame. I suggest a return to personal responsibility, as people have to realize most of the US population was complicit in the formation of this bubble, so we will have to collectively participate in its destruction. When people start behaving with their money like they did in the 70's, you'll know it's over.

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