At the end of the Bush administration, I hated the republicans. George was such a fucking idiot, alongside the tea party retards. I viewed Obama as a welcomed respite. In hindsight, I probably voted for Obama to prove that I wasn’t some sort of redneck racist.
The Obama administration was very good for stocks — maybe the best ever. But at what cost?
The national debt has doubled, borrowing more than $9 trillion since 2008 and the Fed’s balance sheet has gone from $700 billion to $4.5 trillion. This whole economy is a fucking illusion, a sham. Try to unwind those positions and start paying down that debt and you’ll see the true nature of the economy and the markets.
Obama did nothing, other than kick the can down the road — passing on a nuclear time bomb for future generations. By that fact alone, I consider Obama a grandiose failure, of the community organizing varietal. I’m not even going to get into the wars and his social policies — which has laid waste to the social fabric of America.
So what stocks did the best over the past 8 years, an era defined by crony capitalism, massive advances in technology, and social networks?
BAD NEWS FOR TRADERFAGS. Most of the big winners were held captive by FRED ‘Fucking’ WILSON and his crony capitalist VC pigs. Those greedy fuckers presided over monumental gains in social networks. Here are a few.
Facebook: $4b valuation in 2008 to $363b today.
Twitter: $1.5m valuation in 2008 to $12.3b today.
Yelp: $200m valution in 2008 to $3.2b today.
Snapchat: $485k in 2012 to $25b today.
Airbnb: $20k valuation in 2009 to $30b today.
Uber: $200k valuation in 2009 to $70b today.
That’s where the real money was made. Let’s see what scraps were left over for us — the little rich people.
$TREE +5,130%
$NFLX +4,415%
$JAZZ +4,400%
$DPZ +3,517%
$MKTX +3,300%
$PCLN +3,100%
$ULTA +3,000%
$INCY +2,800%
$MGPI +2,800%
$PPC +2,200%
$PRSC +1,700% (literally a welfare play)
And here were the losers.
$BBRY -85%
$APOL -85%
$SPWR -79%
$SHLD -77%
$FSLR -76%
$RIG -75%
$AVP -73%
$FRO -73%
$CYH -66%
$JCP -66%
$CHK -65%
$BBG -64%
Notice any trends? Which will be the biggest winners and trends under Trump?
I saw a world in need of automation, superfluous comforts indicative of a nation with plenty of excess. It was an era of wanton hedonism for the elite, and a grueling struggle for everyone else. One cannot discuss Obama without thinking about healthcare — his cornerstone issue during his time in office. It failed and now we have to deal with the ramifications.
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Exceptionally well written, and unfortunately for us, all true.
The soul of “The Fly” is like a bone broth. Earthy and nutritive. I see your introspection and respect it. That’s going to be a challenge for all going forward. Questioning and beginning to find a middle ground.
Can’t let the pendulum swing too hard, Plumb Bob.
Don’t you own FB for life tho?
Obama’s stock market favoured rich people and those old enough to have money. This feeds into the reason you’re always pissing on millennials. Your are barely old enough and you have money.
Why do I hope Trump burns it down? Because I’m a radical 🙂
Why do I hope the can gets kicked? Become I’m long and strong, Bitches!
FIG
Thanks guys.
well summarized
Fly, Obama had nothing to do with the FY2009 deficit, covering the
period Oct 1 2008 thru Sept 30, 2009. Those monies were budgeted
in Spring of 2008 under BUSH.
Obama’s total deficits are $6465 billion, including $600 billion
estimated for FY 2017 which is still being accumulated.
The right wing nutcase media tries to pin the BUSH BANK BAILOUT
budget on Obama. Don’t join that bullshit propaganda arm.
http://www.usgovernmentspending.com/federal_deficit_chart.html
Tea party retards started under Bush bail out too you’ll recall
Congrats Dr. Fly on that article.