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The Obama Effect: S&P 500 Has Lost $806 Billion Since Election Day

Home - by - November 20, 2012 - 18:45 America/New_York - 15 Comments

JWF

obamalaugh

They’re just getting warmed up. Expect losses in the trillions before long.

The post-election rout in U.S. stocks has driven the Standard & Poor’s 500 Index down so far that it would have to advance 26 percent to reach the valuation of bull markets since John F. Kennedy was in the White House.

Investors have seen $806 billion erased from the value of American equities since President Barack Obama was re-elected Nov. 6 in the biggest decline since May. The combination of falling stocks and rising profits as the economy recovers has left the S&P 500’s price-earnings ratio below the ending level of eight of the nine bull markets since 1962 and beneath the average of any since Ronald Reagan was in power.

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h/t  Flaming Hetero

 

» 15 Comments

  1. old_oaks

    November 20th, 2012

    I’m going to just start calling him, Shop-Vac.

    Cause he really sucks!

    Thumb up +5

     
  2. thirdtwin

    November 20th, 2012

    I. B. B.

    Thumb up +2

     
  3. Dr. Tar

    November 20th, 2012

    How I think a typical Liberard would respond to this story.

    “Take that rich people. Soon we’ll destroy all your wealth then we’ll tax…ah, ah, tax what you have left. Yeah that’s it, we’ll tax what you have left after we destroy the value of your investments.

    That’ll keep you from funding the opposition. What, you supported Democrats? What are you from Hollywood or something? Well as a loyal Democrat you know in your heart that its unfair for you to have so much and the government to be so needy. You should be happy to sacrifice for the greater good. So hand it over buddy.”

    Thumb up +4

     
  4. Wyatt, Insensitive Progressive Jerk

    November 20th, 2012

    According to some business people I know, there are a couple of primary practical reasons for continued pessimism in the private sector under the Obama administration. First among these reasons seems to be a complete lack of confidence in Obama’s and leading Democrats’ ability to understand basic economics. Seemingly insane comments like “you didn’t build that” or “food stamps help stimulate the economy” are probably made by Democrats to assuage their basic economically illiterate constituency, but do nothing to bolster any confidence in the private sector.

    Second, and perhaps more important, is the apparent lack of consistent rules. For example, with ObamaCare, not many people understand its requirements or ultimate ramifications, the Obama administration seems to give waivers to its friends upon request, and there are few indications of how it will be implemented – not to mention extreme uncertainty about ObamaCare’s effect on the economy. Tell business people what the rules are, and eventually they will structure their businesses to operate within the rules. However, the uncertainty means that business people will hunker down until they have some sort of idea of what is going on.

    Democrats claim to be advancing society into a new era of fairness. What they are really doing is embracing programs and policies which have been demonstrated time and time again throughout history to have failed miserably. Combined with the current proclivity of Europe to do the same thing, and we have the recipe for economic disaster.

    Noteworthy Comment Thumb up +13

     
  5. Freeshiticus

    November 20th, 2012

    Today the unemployment rate went up in my state along with my insurance rates for January.
    You think the last four sucked?

    Noteworthy Comment Thumb up +10

     
  6. alphamaser

    November 20th, 2012

    Yes,and FEMA sucks more than ever on our N.E. shores, but does the libtard media say a damn thing? Crickets…

    Thumb up +4

     
  7. cfm990

    November 20th, 2012

    I actually know people who say, ” How can we be in debt, when we can print our own money?”

    Thumb up +4

     
  8. Kevin R.

    November 20th, 2012

    “It’s beginning to look a lot like 1937.” ~ Amity Shlaes

    Thanks a lot democrats.

    Thumb up +5

     
  9. FreeMan & Sarah Intend to Defend

    November 20th, 2012

    @ old_oaks – I’ve never had a shop vac that sucked like this.

    Just sit back and enjoy the recovery. I am and it is spectacular.

    Thumb up +4

     
  10. Ten Megaton

    November 20th, 2012

    Yes Wyatt, Democrats are dumb phucks.

    Fuck you very much, Obama.

    Thumb up +2

     
  11. Rick

    November 20th, 2012

    I got nervous mid-late September when Benghazi stories started falling apart, along with other indicators. So I bailed out. (Being unemployed for a year makes you averse to rolling the dice with your last remaining cash asset.)

    So yeah, FreeMan, I’m sitting back enjoying the recovery. Also pointing and laughing.

    Thumb up +2

     
  12. Ten Megaton

    November 20th, 2012

    I have had an assfull of this “fairness” bullshit. What is fair? I worked for what I have and it is mine. Not a penny of what is mine belongs to some stupid lazy POS in Chicago or wherever. If I want that stupid lazy POS to have any of it I will give it to them myself. Don’t need Oblome helping out.

    Thumb up +2

     
  13. Bad Brad

    November 20th, 2012

    old_oaks:
    He sucks and he blows. He’s a bellows.

    Wyatt

    You can feel the biz climate tighten day by day. It’s not good.

    Thumb up +3

     
  14. old_oaks

    November 20th, 2012

    Maybe Roto-Rooter is more fitting?

    Thumb up +2

     
  15. Bloodless Coup

    November 21st, 2012

    Must Watch Video

    DHS Ready For Massive Civil Unrest, Internment Of “Dissidents”

    http://ppsimmons.blogspot.com/2012/11/dhs-ready-for-massive-civil-unrest.html

    Thumb up +1