Stock market crash if obama wins
In the midst of the Great Recession, the president basically called the exact point where stocks bottomed out.
4 Things That Were Supposed To Happen By Because Obama Was Reelected
It's a difficult prediction for any investment professional to make correctly, let alone a president. That was at a press conference on March 3, The bull market is six years old. Since then, the stock market has risen dramatically. At the press conference all those years ago, President Obama made it clear that he doesn't believe his job is to track the "day-to-day gyrations" of the market. It bobs up and down day to day, and if you spend all your time worrying about that, then you're probably going to get the long-term strategy wrong," he noted, echoing advice of many prominent investors like Warren Buffett.
Unfortunately in this case, many Americans did not follow the president's advice. Only half of Americans have any money invested in the stock market and most of that is through their retirement accounts. Too many Americans have missed out on the fourth longest bull market in U. Of course, not all of the president's economic and financial predictions that day in turned out quite so well. The president also expressed optimism that hiring and business investment would pick up.
As anyone looking for a job in recent years knows, it took a lot longer for hiring to really pick up than for the stock market to turn around. The economy didn't even recover all the jobs lost during the Great Recession until June of -- over five years after the president's high hopes for hiring.
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