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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