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Where to Put Your Money (if you have any)
The stock market loves President Barack Obama. The love story of Wall Street and Obama is a bromance like no other, a man-crush for the ages. Despite his threats to soak the wealthy for more taxes, despite Fed Chairman's attack on savers, despite even his threat to kill special treatment for dividends, institutional investors have thrown themselves at Obama's feet as they have not done in the first term of any president in the past century. You could look it up. The S&P 500 has gained 76% since his inauguration in January 2009, while the Nasdaq 100 is up 128%. The administration and the Federal Reserve have systematically stuffed big banks' pockets with cash in an unending rescue effort, slashed interest rates to the lowest levels of the past 300 years, diverted senior citizens' savings to revive the moribund residential construction industry and showered drug makers and insurers with fresh sources of revenue from his health care overhaul. Where he says to put your money (if you have any): Health care. Home Construction/Real Estate Mobile Communications Financial Services Energy Not sure I agree - doubt there's anywhere that will work other than owning your own politician. Posted by: Glenmore 2012-11-07 |
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