Investors Who Bet Against Bush Made a Fortune

[louis c]

Let me explain.

Here are the rough numbers over the five plus years that Bush has been in office.

On January 20, 2001 the Dow Jones Industrial Average stood at about 11,350.

Gold was about $260 an ounce.

By putting your money in the Blue Chips meant that you thought Bush would have an economy worth investing in.

If you took $100,000 and bought the Dow at 11,350, today you would have about $98,000 with today's close of about 11,150.

If, on the other hand, you thought G.W. Bush was a complete fuck-up and would tank this economy and put that same $100,000 in Gold, today you would have about $270,000 with today's close of about $680 an ounce.

To be more dramatic, in order for the Dow to equal the five year rise in Gold (which is really a five year decline in the value of the US Dollar) tomorrow's close for the Dow will have to be about 27,000.

Don't hold your breath.

By the way, the Stock Market is Bush's strong suit in the economy so you know how really shitty he's doing.

[TheFarseer]

1. but what if you invested in Chevron, Exxon or Conoco?

I bet you made out pretty well.

[louis c]

4. Those companies weren't investing, they were stealing

and when we get a Democratic Congress that can subpoena the bastards, we'll prove it.

[RB TexLa]

2. Only two big investment decisions I have made since 2000

Was to buy stock in three oil companies the day after the supreme court chose B*sh and on the day the markets re-opened after 9-11 to move everything out of North American stocks. Haven't reversed either yet.

[louis c]

9. That's like the old saying

"If you can't beat 'em, join 'em."

However, I don't blame you one bit.

[skipos]

3. Dems are historically better for stocks and the economy

read here...
http://www.usatoday.com/money/perfi/columnist/krantz/2005-12-02-presidents_x.htm
http://www.americanprogressaction.org/site/pp.asp?c=klLWJcP7H&b=131769

[FloridaPat]

5. But if you had invested in Halliburton your $100,000 would be $1,000,000

Actually you would have had to invest it in January 2002 for that. But it's almost doubled since 2001. It's probably the same with most of the other defense contractors. Then there's oil. Exxon is up about 50%. SCHLUMBERGER - oil support - has doubled.

[louis c]

6. Again, that's not investing, that's stealing

and again, if the Dems take Congress and swear those bastards under oath, they'll prove it.

[Sammy Pepys]

7. Eh....

First off, just because you put your money in blue chips doesn't mean you're betting with Bush.

Secondly, you cannot reliably use indexes like the DJIA to guess what any random individual investor might have made over a 5 year period of time.

Finally, while the gold/Dow comparison is stunning, you're not taking into account risk/return variables.

[louis c]

8. Picky, Picky

Let's try to keep it simple.

I try to convince those who are sold on the "roaring economy" sell by Kudlow that it's full of shit.

Certainly those who have invested in Pacific rim stocks or Oil stocks have made a killing. But that is like betting against America. that was all done at traditional American stocks like GM, Xerox and IBM.

The "Blue chips" are America and did quite well under Clinton. Oil did not do so well. neither did Gold. Gold does great with a deficit budget, high debt and a balance of trade deficit that weakens the American Dollar. No shitting that you can find sectors thar have done well. Wal-Mart is humming. that's all at the expense of the American worker. The American worker is the American consumer, when he or she is eliminated, it will all fall like a house of cards. Even a fascist like Henry Ford had that figured out.

What these ass-holes have done by moving labor and industries overseas in order to improve the bottom line, obliterate organized labor, circumvent government regulations and do it all with tax-breaks is actually kill the goose that laid the golden egg. that goose is America's middle class.

Blue Chips that stay in america and play by the old rules of work with dignity and fairness are being murdered by this administration. That's my point. Everyone in the world has figured it out and we will see it soon ourselves.

[Sammy Pepys]

10. You're making it too simple I'm afraid.....

And I wish you the best of luck if you're investing according to your theories.

[louis c]

11. Fuck investing

I'm trying to win an election for us.

My "investment" is in GOLD.

Get it. I think that a 100% increase on my "investment" since 2003 is sound.

It also does not help the corporations that our raping this country.