Thursday, July 2, 2009

Bush/GOP Legacy: The Naughts

Calculated Risk:

On the '00s (the "Naughts") ...

Employment Dec 1999: 130.53 million
Employment Jun 2009: 131.69 million

A gain of just 1.16 million. What are the odds that the economy loses another 1.16 million jobs over the next 6 months? Pretty high. That would mean no net jobs added to the economy for the naughts: Naught for the Naughts!

And for the stock market?

S&P 500, Dec 31, 1999: 1469.25
S&P 500, July 2, 2009: 897.29

Equity investors wish they went Naught for the Naughts.

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