President Obama called stock market bottom in 2009

[Nye Bevan]

Here's another title President Obama might be able to claim: trader-in-chief.

In the midst of the Great Recession, the president basically called the exact point where stocks bottomed out. It's a difficult prediction for any investment professional to make correctly, let alone a president. "What you're now seeing is profit and earning ratios are starting to get to the point where buying stocks is a potentially good deal if you've got a long-term perspective on it," President Obama said.

That was at a press conference on March 3, 2009. The stock market hit its low point less than a week later on March 9, 2009.

Since then, the stock market has risen dramatically. If you invested $100 in a fund that tracks the S&P 500 around the time the president advised, your money would now be worth about $300 today. That's a return of about 200%.

http://money.cnn.com/2015/03/09/investing/president-obama-stocks-market-march/index.html

I don't recall many investment professionals advising the same thing back then. (Of course, everyone was recommending that people buy internet stocks at the height of the 2000 bubble).

[SunSeeker]

1. I remember that. I wish I had listened!

The Dow had just catered to around mid-6,000's. Obama said buy. I wish I did!

The Dow has skyrocketed from an intraday bear market low of 6,469 to nearly 18,300 earlier this month.

http://money.cnn.com/2015/03/08/investing/stocks-bull-market-6-year-anniversary/index.html?iid=HP_LN

[FreakinDJ]

2. Obama tripled my retirement fund

I pulled out in mid October above DJI 10000

And put 1/2 back in at DJI 7200 and the other half when it sank to 6700

Made out pretty good

[former9thward]

3. If he is trader-in-chief then he will tell us when to sell, won't he?