S&P, Dow wrap up best January in 21st century
NEW YORK (CNNMoney) -- January offered up an apology to discouraged investors.
Unlike 2011, when markets spiked and sunk several hundred points each day but ultimately closed out the year relatively flat, all three indexes mostly climbed higher throughout the month with occasional dips.
[link:http://money.cnn.com/2012/01/31/markets/markets_newyork/index.htm?iid=HP_LN|
JoePhilly
(27,787 posts)julian09
(1,435 posts)DuaneBidoux
(4,198 posts)Liberal_Stalwart71
(20,450 posts)DuaneBidoux
(4,198 posts)They are so short term thinking that they fail to look at the forest for the trees.
There are endless statistics since FDR that show that over all this time business and even the wealthy generally have consistently done better under Democratic administrations.
So they see "must cover your employees per this regulation" which they see as a nuisance and an immediate expense. They don't see that this will increase their employees health, or decrease accidents, or give the people who can spend and drive the economy more buying power resulting in a healthier economy that will then ultimately circle around to their own earnings.
In othe words, that old adage "everyone does better when everyone does better" is beyond their comprehension--even as they do well in a country governed by that philosophy.