Saturday, September 08, 2018

Why Obama Was Great for the Stock Market

The stock market gained over 200% under President Obama, one of the best advances during a presidency.   To me, Obama's greatest contribution was his policies kept the stock market (and the economy)  from becoming overheated.   The business community did not over invest.  So it was the slowest ever recovery from a recession. 

In hindsight, the slow recovery has been a great positive.   None of the short cycle boom busts that typically occur.   Just a continuous steady upward trend, with periodic brief pull backs. 

I guess steady economic growth requires a balance of strong economic results tempered by near term economic uncertainty.

For more on Reflections and Musings, check back every Saturday for a new segment.

This is not financial or investment advice. Please consult a professional advisor.

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