Dow Jones is highest it has ever been! Thank Obama and His strategies?

[johnsobas]

the_dengle said:

chapset said:
It's weird how the money hasn't tricking down yet

Unemployment is down and the housing market is recovering. We're getting there.

Can't expect the thunder to come before the lightning.

employed percentage is lowest since the 70s (when many women didn't work) , house ownership percentage is lowest since 1996.  As far as housing is concerned, the federal government is underwriting all of the loans made, the fed is buying the mortgages through QE and buying long term bonds to push down the interest rates to all time lows.  Interest on mortgages is made tax free by the governement.  The housing market is being coddled by the government from start until finish and families are still not buying them.  The only people buying houses now is investors who can't find yield anywhere else because of low interest rates all around the world and stock markets starting to be overvalued.