The stock market is doing well because Obama is printing money.

[Yo_Mama_Been_Loggin]

If they stop printing it the market will fail.

Seriously I saw that comment in a news paper article thread. It was so stupid I was at loss for a response. Let that fool wallow in his ignorance.

[Erich Bloodaxe BSN]

1. There was a more interesting examination of the market

over on Daily Kos by 'gjohnsit'. It noted that overall volume has been down for years now, and that upward movement has generally been on days with low volumes, while down days have been heavy trading, and that trading over the last few years has often been more about institutional and 'large' investors, while a lot of smaller investors have abandoned the markets.

[PSPS]

2. In all honesty, QE + free money at the discount window isn't hurting the stock market.

Every time there's talk of the bond-buying program being reduced or interest rates going up, the market tanks. Let's face it. Stocks are the only game in town for investors since nothing else promises any kind of return. We are in another bubble economy and, this time, the bubble is the stock market.

[Yo_Mama_Been_Loggin]

3. Except they've been easing from the bond buy-back program

[customerserviceguy]

9. Quite true

It may not be Barack Obama personally at the printing press, but the effect is all the same. Eventually all of that money may come back to bite us in the ass with inflation, but it hasn't done so quite yet.

It's an interesting way of devaluing the holdings of the Chinese.

[earthside]

4. Okay, not Obama; the Fed.

If the Fed stops Quantitive Easing the market probably will fail/fall.

And it is quite likely that without QE we will slide right back into a debilitating recession.

[Warpy]

5. In a way, they're right but it was the Fed and not Obama who printed the money

Quantitative Easing (the Orwellian term for printing money) didn't contribute to inflation in the larger economy because it didn't travel that far. Mostly it ended up first with investment banks and then with their owners. Getting more money than they knew what to do with caused the stock market to soar to its present height, about twice what it's worth.

Now the investment banks have decided commodities are a better place to wring money out of the economy, so the stock market is falling and commodities futures are climbing.

I've always focused on the income my dad's portfolio is generating rather than the paper value, it's what kept me sane on the 2007-2009 rollercoaster. I would be perfectly happy cutting my net worth in half if it put people to work for living wages because that's good business, generating more income.

Funny how the far right loons blame Obama for what a Fed chief appointed by Stupid actually did.

Then again, brains were never their strong point.

(yeah, I'm a capitalist parasite these days. There goes my 50 years of left wing street cred.)

[Yo_Mama_Been_Loggin]

6. The market fell for the last two days

But the Dow's still above 16000.

[Warpy]

8. And commodities futures are jumping up.

The market itself is so huge that no one group can skew it completely, just mostly.

[House of Roberts]

7. The Fed is printing the money

and all the gains are going to the wealthiest people. The only place to go with the new money is investments, so all the inflation from printing more money has gone to the stock market. All the inflation the working class is seeing is cost-push. mainly energy related increases, with some items, like beef price increases, a result of weather-related shortages just starting to show.