If we’re all suffering under the tyranny of socialism as the Republicans would have you believe, perhaps socialism isn’t so bad.
NEW YORK (CNNMoney) — U.S. stocks closed mixed Friday, with the Dow and S&P 500 ending the best first quarter in over a decade, as investors weighed a report on consumer spending and a boost in the eurozone bailout fund. [...]
Friday’s gains capped a stellar three months for stocks, with the Dow and S&P posting the biggest first-quarter gain since 1998. Despite Friday’s decline, the Nasdaq had its best first quarter since 1991, according to the Stock Trader’s Almanac.
For the quarter, the Dow gained 8.1%, the S&P 500 advanced 12% and the Nasdaq rose a whopping 19% since New Year’s Day.
And according to Mitch McConnell, we’re “living under the Obama economy.”