Why is the stock market still stagnant even after financial reforms?
If the reforms were effective, wouldn't you expect to see a significant rise in the stock market, as we did in the 1930's after the SEC was created and the Glass-Steagall Act was passed?
Why haven't the much ballyhooed reforms had any visible effect on the stock market? It's still floating around were it was 6 months ago.
Public Comments
1. The government is still too much involved in the business of business.
2. You must own zero stock or know nothing about the stock market because it is not stagnate.
When Bush left office, the stock market was at 7,000 and now the stock market is almost at 11,000.
Anyone who bought stock at the 7,000 level made lots of money, those who sold should have never been in the stock market to begin with.
http://finance.yahoo.com/
3. Investors are being cautious. They don't want to go out on a limb just to have the government break out the saw.
4. As a typical Democrat bill it was poorly thought out. It did nothing to design the reward to be related to the long term benefit of their actions. It also didn't cause the masses to have greater faith in the future of the economy. The bill attempted to micro-manage a system most in the government have never functioned in.
Most entrepreneurs don't make as much as their employees in the early days. The entrepreneur works longer hours & does jobs others won't usually for less pay. They take more risk & are the last ones paid. They are responsible for ALL of the employees welfare. They hear all the complaints & few of the thank yous. The tax man wishes to castrate them, while the Left wish to guillotine them.
The asker should ask themselves do you feel like happy days are here again thanks to Obama's leadership? What has he done to encourage wealth creation?