Comments on: Video: Is Obama’s loss Wall Street’s gain?

By: S&P 500 vs Obama’s dissaproval: a real correlation? - lastrick’s Diary - RedState

Tue, 01 Sep 2009 15:20:26 +0000

[...] disapproval rating. It first caught my attention at Hot Air, where moderator Ed Morrissey blogged: Sharp investors always look for leading indicators to market shifts, and Jim Cramer thinks he’s [...]

By: Gallup mutters about relationship between Dow, approval ratings. | Social Debate: Barack and American Politics

Sat, 29 Aug 2009 18:53:06 +0000

[...] by WP Greet BoxClearly in reference to Jim Cramer’s I’ve-been-saving-this-for-months revenge clip* of a few days ago, the Gallup organization would like you to know that there’s no historical [...]

By: Gallup mutters about relationship between Dow, approval ratings. - Moe_Lane’s blog - RedState

Sat, 29 Aug 2009 18:11:00 +0000

[...] in reference to Jim Cramer’s I’ve-been-saving-this-for-months revenge clip* of a few days ago, the Gallup organization would like you to know that there’s no historical [...]

By: Moe Lane » Gallup mutters about relationship between Dow, approval ratings.

Moe Lane » Gallup mutters about relationship between Dow, approval ratings. — Sat, 29 Aug 2009 18:08:47 +0000

[...] in reference to Jim Cramer’s I’ve-been-saving-this-for-months revenge clip* of a few days ago, the Gallup organization would like you to know that there’s no historical [...]

By: President Obama News Thread - Page 90 - TeakDoor.com - The Thailand Forum

President Obama News Thread - Page 90 - TeakDoor.com - The Thailand Forum — Sat, 22 Aug 2009 21:34:39 +0000

[...] is a pretty good litmus of the state of the union. Comparing the S&P 500 with Obama

By: Faith in Obama Drops As Reform Fears Rise - Southern Maryland Community Forums

Faith in Obama Drops As Reform Fears Rise - Southern Maryland Community Forums — Sat, 22 Aug 2009 04:36:57 +0000

[...] powerful – the threat to those industries has waned and the entire market has rallied, says Cramer. LINKSOMG! You know what that means… the stock market is racist too!!! Where is Alexa to weep and wail [...]

By: Bill Blizzard

Bill Blizzard — Sat, 22 Aug 2009 02:28:00 +0000

If Cramer’s right(?)

His track record is pretty poor.

By: Sapwolf

Sapwolf — Fri, 21 Aug 2009 22:06:48 +0000

The reason for the stock market rallying is because of the mountains of liquidity in the system combined with very low interest rates.

Where else other than treasuries can you put it?

By: Jeff from WI

Jeff from WI — Fri, 21 Aug 2009 20:50:02 +0000

I really didn’t understand the big deal about this Anti-Obama vs Higher Stock comparison. Democrats have never really been good for business, except during a large scope war.
Democrats will always retard business, profits and employment because that’s the nature of a Democrat. Some Democrats are easier than others. Take Clinton, his overall effect wasn’t much because his Presidency was one big Disney world ride and the only thing he tried to get done he accomplished with a Blue Dress

By: DOW closes above 9,500 - Politics and Other Controversies - Page 3 - City-Data Forum

Fri, 21 Aug 2009 20:42:26 +0000

[...] like a boondoggle of a public option may be dead, market rallies. Feast your eyes and refute; http://hotair.com/archives/2009/08/2…-streets-gain/ [...]

By: lexhamfox

lexhamfox — Fri, 21 Aug 2009 20:25:22 +0000

Skandia Recluse on August 21, 2009 at 3:32 PM

The dollars aren’t sloshing around. Most of the money you think has been spent has not been used at all but it is functioning as reserves for financial institutions. If the money had been spent you would see inflation but there is little evidence of inflation. The USD has not collapsed… the latest forecasting sees it doing ok. Also, the markets are likely going to have to adjust to reality. Inside trades are very high which is good indicator that prices are too high.

By: Fighton03

Fighton03 — Fri, 21 Aug 2009 20:20:55 +0000

Actually, he’s a little late on the trend. The markets began dropping last may as Obie sewed up the donkeycrat nomination. As teh one gain popularity the markets fell, when Palin/McCain made the comeback it went up. Right up until the MSM went completely in the tank and the market tanked. That would be about sep.

Once again, not proven causation, but a really curious correllation.

By: Fighton03

Fighton03 — Fri, 21 Aug 2009 20:08:50 +0000

Correlation does not imply Causation.

Beltway Bandit on August 21, 2009 at 12:23 PM

Tell that to Al Gore and Jim Hansen.

By: Browncoatone

Browncoatone — Fri, 21 Aug 2009 20:08:31 +0000

Very entertaining. So I’m not the only one in the country to understand his policies are destroying our economy.

How long before his worshipers claim that these disapproval rates are all part of his great plan to restart the ecomomy?

By: jarodea

jarodea — Fri, 21 Aug 2009 19:58:42 +0000

Price of crude oil nears $75 (USD). Is it demand? With a shrinking GDP? Or has GDP growth turned positive? Or is it inflation; stock prices, commodities going up because of all those trillions of US Dollars sloshing around the globe looking for a place to land? Gold $955 (USD)

Skandia Recluse on August 21, 2009 at 3:32 PM

You hit the nail on the head. The surge in global stocks and commodities is mostly an effect of the massive amount of printed and government lent money sloshing around. The Shanghai exchange dropped 17% when the government announced it was going to start reducing the extraordinary amount of government backed loans Beijing forced into the economy.

There may also be a touch of the “irrational exuberance” as well. Traders tend to bounce between “it’s the end of the world” and “happy times are here forever” which is one of the many reasons that the stock market is not a terribly great economics gauge.

By: Vashta.Nerada

Vashta.Nerada — Fri, 21 Aug 2009 19:57:46 +0000

Price of crude oil nears $75 (USD). Is it demand? With a shrinking GDP? Or has GDP growth turned positive? Or is it inflation; stock prices, commodities going up because of all those trillions of US Dollars sloshing around the globe looking for a place to land? Gold $955 (USD)

Skandia Recluse on August 21, 2009 at 3:32 PM

You are correct. Oil is priced in dollars, and dollars are falling.

By: Skandia Recluse

Skandia Recluse — Fri, 21 Aug 2009 19:32:54 +0000

Price of crude oil nears $75 (USD). Is it demand? With a shrinking GDP? Or has GDP growth turned positive? Or is it inflation; stock prices, commodities going up because of all those trillions of US Dollars sloshing around the globe looking for a place to land? Gold $955 (USD)

By: cubbieblue25

cubbieblue25 — Fri, 21 Aug 2009 19:03:53 +0000

I am no economist but things didn’t seem to move until we knew cap and trade was in trouble. I think the reason why the stock market has some momentum is because Obama and the Dems are retreating. If healthcare dies we might have a boom.

By: Blacksmith

Blacksmith — Fri, 21 Aug 2009 18:47:35 +0000

More of Obama’s change:

Average cost for a gallon of regular gas:

02/09/09 $1.90
08/17/09 $2.637

Source: API (American Petroleum Institute)

viking01 on August 21, 2009 at 2:11 PM

Summer gas vs winter gas, I’m afraid. A better comparison would be last late-August gas to right now (which, anecdotally, I’m paying a few dimes more per gallon now than I did a year ago. So glad that even the Senate isn’t dumb enough to draw the cap’n'trade knife across our throats)

By: Blacksmith

Blacksmith — Fri, 21 Aug 2009 18:42:50 +0000

Yo Cramer, give us the autocorrelation values and the p-value associated with each autocorrelation if you want any credibility with ME.

What a load of crock and I say that as a Bambi critic.

PackerBronco on August 21, 2009 at 2:38 PM

Heh. “But PackerBronco – all those integrals are hard!” Guess what, Cramer? That’s why you get paid the big bucks.

By: Blacksmith

Blacksmith — Fri, 21 Aug 2009 18:40:55 +0000

Cramer forgets that it’s not Obama who’s in charge of scripting and passing the bill – it’s Congress. And there we have pure chaos that cannot be reasonably sifted through in the House, and a Senate that’s practically salivating at the chance to run the ship of state onto the rocks. Congressional approval ratings are at historic lows, and going lower is almost impossible – they’re cornered rats and they know it.

Yes, ObamaCare is getting battered. No, it has not been staked through the heart yet. Until that happens, Cramer’s playing with fire, and most investors aren’t ready for taking on that much risk yet.

By: PackerBronco

PackerBronco — Fri, 21 Aug 2009 18:38:04 +0000

WTF??

I have a Masters degree in statistics and when I look at Cramer’s chart, all I see is junk science. I could get at least as good correlation by correlating the stock market with the New York Yankee’s winning percentage. Yo Cramer, give us the autocorrelation values and the p-value associated with each autocorrelation if you want any credibility with ME.

What a load of crock and I say that as a Bambi critic.

By: PattyJ

PattyJ — Fri, 21 Aug 2009 18:37:39 +0000

Can you imagine what the market would do if Obama abandoned his health plan takeover and repealed the stimulus? Man, oh, man, I could retire!

But he won’t do it because ideology is more important to him than results.

By: Christian Conservative

Christian Conservative — Fri, 21 Aug 2009 18:37:33 +0000

Come on, people, invest in the stock market and disapprove of Obama at the same time (if you haven’t already), and we’ll all be rich!

By: Mutnodjmet

Mutnodjmet — Fri, 21 Aug 2009 18:24:02 +0000

I don’t care if it a scientific correlation or not; the segment is hilarious! And, at the core, true at this time. Thanks for posting this.

I thought Cramer was beaten into media submission earlier this year; nice to see him back in rare form!