Then why did it go up so much under Barky's administration?
It may have been a reflection of overall economic strength before Barky took office, but, since then, it's been propped up by government spending.
Mark my words. When the next "Continuing Resolution" is passed, the Stock Market will skyrocket.
Then why did it go up so much under Barky’s administration?
Because everything else was a worse investment.
Real Estate just suffered a big crash and showed how risky and illiquid it was.
Government bonds were in the dumpster for returns.
Gold is subject to government confiscation, as it was in the 1930’s. It only was made legal to own in 1973!
Unrest all over the world, fostered by Obama, made the American stock market attractive to foreign investors.
Stocks were about the only “safe harbor” place to put your money, which is why people put their money there.
Now, with Trump, people have reason to be optimistic, but interest rates are still very low on government bonds.
Then why did it go up so much under Barky’s administration?
Because everything else was a worse investment.
Real Estate just suffered a big crash and showed how risky and illiquid it was.
Government bonds were in the dumpster for returns.
Gold is subject to government confiscation, as it was in the 1930’s. It only was made legal to own in 1973!
Unrest all over the world, fostered by Obama, made the American stock market attractive to foreign investors.
Stocks were about the only “safe harbor” place to put your money, which is why people put their money there.
Now, with Trump, people have reason to be optimistic, but interest rates are still very low on government bonds.
Then why did it go up so much under Barky’s administration?
Simple the FED initiated QE1 QE2 & QE3 and pumped 85+ Billion a month over several years into mortgage backed securities sold on Wall Street.