John Ransom

Ericynot wrote: No president has any control over the stock market, so you're just being paranoid. Moreover, you apparently don't pay much attention to that market because it's been climbing very steadily for the last 3 years. I think it's done about all it's going to do for a while and is more likely to fall before the election, especially if we get any bad news out of Europe or China, two other things over which the president has essentially no control. . -Saint Obama Performs another Miracle by Making Unemployment Recede

Dear Comrade Y,

Actually the stock market has really just retraced where it was in 2008, four years ago. To pick out three years and say “All is well” is rather short-sighted. Furthermore, while 2010 returns were around 13 percent after adjusting for inflation, 2011 was negative after adjusting for inflation.

As you rightly point out, the market this year could give back its gains of about 9 percent between now and the end of the year. 

There is more than one way to measure return in the stock market, too. One statistically valid measure is by looking at dividends and dividend futures.

Dividend futures are abysmal right now. 



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John Ransom

John Ransom’s writings on politics and finance have appeared in the Los Angeles Business Journal, the Colorado Statesman, Pajamas Media and Registered Rep Magazine amongst others. Until 9/11, Ransom worked primarily in finance as an investment executive for NYSE member firm Raymond James and Associates, JW Charles and as a new business development executive at Mutual Service Corporation. He lives in San Diego. You can follow him on twitter @bamransom.
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