ccerenz2

Cramer's Mad Money - When Obama Stumbles, Stocks Soar (9/20/09)

Nice try to the two posters before me, but they clearly haven't been paying attention to the market. In early 08, the market rallied and fell depending on how Hillary was doing in the primaries as it was assumed a Dem would win the presidency. When the AP announced that Hillary lost to Obama in the primaries, the market fell over 100 points within 10 minutes. It didn't stop until July 7th, almost a month later. Then it began to recoup a bit as the real campaign began and McCain looked like he had a chance. As that began to fade and Obama's popularity began to increase, the market faltered badly. It didn't stop until two weeks before the election when McCain started to rally. The market then rallied for two weeks in hopes of a late inning comeback by McCain as he pulled ever closer to Obama. When Obama won, that night the markets started another two week route where it fell 20%! It wasn't until he started announcing well known business types to his organization that the market began to recover.
That went on until early January when Obama took the mike and told us that unions "were the solution, not the problem." The market fell until early March when Obama took the mike again and said he would buy stocks, signalling that he was going to support business at least somewhat.
I appreciate Cramer for being honest and right so much more than he gets credit. While Obama's henchmen clearly went after him last March, the reality is that he was right about what he was saying at the time. And he is right today by stating what is obvious to anyone willing to connect the dots, except the diehard Obama supporters above.