indiucky
Grandmaster
I honestly have no idea who to give credit for this to. Almost, as a rule of thumb, you don't give a president credit for the nations economic gains/failures during the beginning of his administration. That said, it's undeniable that the president has certainly improved the the outlook for the economy in the short term. But that's not really based on anything, as of yet, other than a belief in what he says he's going to do. That has inspired confidence in the market. We really won't know how lasting these economic gains are, until around the end of his second year.
One thing about Obama, is that he had consistent growth. It was small, but consistent. I don't know why, or even how, people would knock him over that. Consistency means stability, and for the econ guys who watch markets, that's always a good sign of an impending bull run.
Well said Kut....There is "something in the air" and I do hope it lasts....