Obama’s Stock Market Mini-Bubble


Posted by Michael Shanklin

Mises Daily by Frank Shostak 5/12/2009

Since the end of February when the S&P 500 closed at 735.09, the index has been pushing strongly ahead, closing on Friday, May 8, at 929.23 — an increase of 26.4%. We suggest that the key driving force behind this strong bounce is a massive increase in liquidity. What is it all about, and how do changes in liquidity drive the stock market?



Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

Whether Obama's stock market

Whether Obama's stock market bounce or bump?
stock market newsletter

Syndicate content