We hear a lot everyday about the debt, fiscal cliff, and the bad shape of the economy. But there is a ray of hope, as our economy is actually moving in a very positive direction with good speed.
As you can see from the graphs below, since the recession — due in large part to Bush’s tax cuts — the market has steadily recovered during the Obama administration.
Right now the Dow Jones and S&P 500 are opening with close to record highs and continue to move in a positive direction. The NASDAQ is also doing extremely well, and besides its giant spike during the millennium, is opening with record highs.
So we can all rest easy knowing that the economy is in fact trending in a positive direction. If you bought stock at the beginning of Obama’s campaign then you are almost assuredly sitting pretty right now.