How Low Can Obama's Policies Drive the Stock Market? (democrat, polls, Reed)

[walidm]

Originally Posted by sanrene

You are forgetting the numerous times obama started flapping his gums on his intentions for the economy.

RealClearMarkets - Articles - The Market Is Shorting Obama's 'Stimulus'

Perhaps you're forgetting the chart posted in the past which showed throughout the election cycle, the markets continuous nosedive whenever your candidate took an economic stance, and an uptick for the now elected President.

[NCN]

That finance lady with the teeth and big eyes said it would bottom out at about 8000 but we have already gone below that.

[walidm]

Originally Posted by LIS123

Every time a major action occurs with regards to the Obama Admin, the market dives.

Wow!!

Really?

Has it lost over 7trillion in assets in just under a month?

The market has gone down so much, that it may improve but it will be in light of Obama's policies, not b/c of them.

Hmm...

You're right of course, and this makes perfect sense...if you mean what you wrote.

[walidm]

Originally Posted by NCN

That finance lady with the teeth and big eyes said it would bottom out at about 8000 but we have already gone below that.

Suze Orman?

[sanrene]

Perhaps you're forgetting the chart posted in the past which showed throughout the election cycle, the markets continuous nosedive whenever your candidate to an economic stance, and an uptick for the now elected President.

What? Oh my goodness - are you truly blinded by your love for the one.

Yet, from Nov. 4, 2008 through Feb. 12, 2009, the DJI overall fell 18% -- a larger drop than during the Sept-Oct plunge. In January, when the Obama plan, promising far greater deficits than the two much smaller “emergency stimulus” plans signed by Pres. George W. Bush in 2008, was unveiled, the market tanked – the worst January performance in 113 years.

More pointedly, key political victories for the Team Obama spending plan have not been viewed as buying opportunities on Wall Street. A string of negative market reactions began with the December 18 announcement of a stimulus bill of $700 billion (Dow down 2.5%), continued with the January 7 announcement that the actual plan would be “on the high side” (-2.7%) and continued with last week’s 61-36 Senate vote supporting the Administration’s fiscal plan. The White House victory and the new bank bail-out plan announced the following day by Treasury Secretary Geithner were met with a 5% wipe-out in the DJI, and a decline in Treasury bond yields, indicating a “flight to quality.”

It really is so easy to document and actually "see" the correlation between obama's announcements and the market nosedive - not to mention the very real indictment of his coming socialist policies. It's all in the numbers, but I really don't believe you will look. Too inconvenient, you might have to ponder the possibilities.

[walidm]

Originally Posted by sanrene

What? Oh my goodness - are you truly blinded by your love for the one.

Mm...No.

I am laughing at your convenient lack of memory, your conspicuous absence after the election, and the veracity with which you pursue total lack of objectivity. That you believe he is the one and call him the messiah is just icing on the cake.

[HubbleRules]

The S&P is down over 50% from it's high in October 2007.

It's down about 10% since Obama's inauguration...

Anyone who attributes the market collapse to Obama is a few short of a six pack...

[Miborn]

Originally Posted by idahogie

I'm hoping that we'll be at 5000 by this summer. President Obama's secret plan to drive our economy into the crapper will be well on it's way to success by then!

President Obama says that "economists from across the political spectrum agree" on the need for massive government spending to stimulate the economy. In fact, many economists disagree.

Hundreds of them, including Nobel laureates and other prominent scholars, have signed a statement that the Cato Institute has placed in major newspapers across the United States.



There is no disagreement that we need action by our government, a recovery plan that will help to jumpstart the economy."

— PRESIDENT-ELECT BARACK OBAMA, JANUARY 9 , 2009
With all due respect Mr. President, that is not true.

Notwithstanding reports that all economists are now Keynesians and that we all support a big increase in the burden of government, we do not believe that more government spending is a way to improve economic performance.
More government spending by Hoover and Roosevelt did not pull the United States economy out of the Great Depression in the 1930s. More government spending did not solve Japan's "lost decade" in the 1990s.
As such, it is a triumph of hope over experience to believe that more government spending will help the U.S. today.
To improve the economy, policy makers should focus on reforms that remove impediments to work, saving, investment and production. Lower tax rates and a reduction in the burden of government are the best ways of using fiscal policy to boost growth.

http://www.cato.org/fiscalreality

[LNTT_Vacationer]

See it's now at the lowest it's been since back in the booming Clinton years. . . lower than at any time during Bush's presidency.

[evilnewbie]

Originally Posted by RD5050

When the DOW reached an all-time high of 14,164 on Oct 9, 2007 ....

who was in control of Congress in 2007?

Could it have been ..... the Democrats?

When the Dow sank from 14,164 to 7,949 on Jan 20, 2009, who was president?

Could it have been George W. Bush?

So the Dow drops from 7,949 to 7,365 during Obama's first month in office.

Hmmmm .... doesn't look quite as bad as when it fell from 14,164 to 7,949 during Bush, does it?

Or maybe you've already forgotten when the Dow closed at 7,286 on Oct 9, 2002 ?

Who was president back then?

Could it have been ... George W. Bush ?

Let's see, and the Dow was at 10,578 when Bush took office on Jan 22, 2001

Then the Dow sank all the way from 10,578 to 7,286 ....

all while Bush was the president !!!

I think you are not seeing things with a good eye... there is a difference from going 14k to 8k and from 8k to 7k.. if you think the number is "trivial" at 7k, then you really don't understand the market very well and if you don't, then you shouldn't really post anything about it...