Thanks Obama! Leftists like to give Obama all the credit for the artificially inflated stock market thanks to the Federal Reserve. Since leftists think Obama is the cause of the artificially inflated stock market, lets give Obama credit for August 2015 – the worst month for stocks in three years. Oil is on the way up, approaching $50 a barrel. Thanks Obama since leftists claimed Obama was the cause for the oil sell off during the summer.
| August 2015 – worst month for stocks in 3 years |
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U.S. stocks closed lower on Monday, the last day of trade for August, as investors digested a volatile month amid continued uncertainty about China and the Fed. ( Tweet This )
“I think more than anything else at this point investors want an indication that the selloff is over or just a prelude that the worst is rest to come,” said Bruce McCain, chief investment strategist at Key Private Bank.
“I think it’s about the overhang in the markets than the current news,” he said.
Both the Dow and S&P had five days of gains or losses of more than 2 percent this month, making it the most volatile month in nearly four years.