If you look at the map below, One must ask the question "Why did the states/counties in red vote away their apparent prosperity". Almost everyone in the US had seen at least a small amount of prosperity during the 8 years preceding the 2000 election, so why would they "take a chance" on a different administration. Were they MAD???? Looking at the statistics you would have thought Bush was the incumbent.
SEC 2520 Rule:
If your accounts' asset value is less than $25000, you are limited to 3 day trades in a 5 day period. After your 4th trade, your broker may freeze your account for 1 month or until you add funds to your account. The SEC approved this rule on 2/27/01 just a month after G.W Bush was sworn in, it was on the table for years. It was put into effect on 9/28/01. You'd think maybe they would have held off, considering the circumstances...NOPE!!! Here's some links:
O.K., dumb question, but here goes.What is the 25K rule regarding margin accounts all about? You must have $25,000 in the account in order to buy on margin? When did this happen, and who authored this, Mr. Bush? Geez......I guess I HAVE been on the sidelines a long time. Anyone answer this please? Thanks!
I hope you're right. We're you trading back in the 80's. I was...IT SUCKED!...It was a big players game and that was it. "Margin account????.........Sorry bud....we can't give you that!!!!" that's what I heard... SEC 25K rule shuts a lot of folks out of the market. I don't see a justification for raising margin minimum from $2000 to $25000. I'm starting to get that same old feelin' again....and it ain't good!!!!!
Our current economy is a result of the excesses of the 1990's. It has nothing to do with the Bush administration. Stock market bubble, corporate scandals, and Alan Greenspan raising interest rates all occured during the Clinton administration. Certainly Clinton doesn't deserve all the blame but he should shoulder some of it. Come back in a year or two. Then we can then start giving Bush blame or credit for the economy.
"60% drop in the Naz while Clinton was busy pardoning terrorists and tax evaders in 2000"
Nasdaq was at about 3300 at the time of the 2000 election, about 30% off the top but still up 1000 points over it's 52 week low. That's the facts...Wanna take another stab at it????