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Obama’s Stock Market Mini-Bubblehttp://www.peacefreedomprosperity.com/?p=971 Posted by Michael Shanklin Mises Daily by Frank Shostak 5/12/2009 Since the end of February when the S&P 500 closed at 735.09, the index has been pushing strongly ahead, closing on Friday, May 8, at 929.23 — an increase of 26.4%. We suggest that the key driving force behind this strong bounce is a massive increase in liquidity. What is it all about, and how do changes in liquidity drive the stock market?
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