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Unless it actually is long term and affects jobs no one is going to give two ****s about it come election day. The main reason McCain got damaged by the banking failures was the nature of the crisis and its closeness to the election. The economy was already stagnant at that point as well so it simply drove the nail into the coffin. Seriously, the amount some of you talk about politics and your inability to actually read the political tea leaves is frigging depressing. Neither party is going to light the establishment on fire in 2016. You will either get a slim Clinton victory or a slim Bush and possibly Rubio victory. There isn't going to be any real mandate though unless Joe Biden or Donald Trump wins the nominations. And that's because they both would get crushed in the general election.
LOL. Said every Republican going into Obama's second election.
A minority own 401K's, 40% down is wishful thinking on your part. And oh look....we already recovered most of it. Yawn.
Chinas got the flu, we're going to get hurt by it. The economy and the stock market are separate things....And guess what? The economy is doing OK. Guess which one matters the most?
And actually what Bernie has to say might be even more relevant when 401K's are down.
Yes--I remember that election. Wonder how many of those predicting election results and issues over one year in the future fared in their predictions regarding Romney--the sure-fire winner.
I fondly remember 1991 when the headlines claims that G.H. Bush was 'unbeatable.' Those that do not learn from history are doomed to repeat it. Would that we had a forum called Political Speculation and Wishful Thinking, so that reality could be be discussed in P&C.
LOL. Said every Republican going into Obama's second election.
A minority own 401K's, 40% down is wishful thinking on your part. And oh look....we already recovered most of it. Yawn.
Chinas got the flu, we're going to get hurt by it. The economy and the stock market are separate things....And guess what? The economy is doing OK. Guess which one matters the most?
And actually what Bernie has to say might be even more relevant when 401K's are down.
Down almost 2000 in 5 days. Recovered most of what?
Yes--I remember that election. Wonder how many of those predicting election results and issues over one year in the future fared in their predictions regarding Romney--the sure-fire winner.
I fondly remember 1991 when the headlines claims that G.H. Bush was 'unbeatable.' Those that do not learn from history are doomed to repeat it. Would that we had a forum called Political Speculation and Wishful Thinking, so that reality could be be discussed in P&C.
To be fair I was amazed that Obama won a second term given the conditions of both the economy, and the market when he ran for the last election. The problem in the end was the Republicans couldn't get a decent candidate. Romney wasn't horrible, he just wasn't quite good enough. So far nothing in this years circus on the Republican side gives me hope for a decent election competition. Course Clinton isn't exactly a shining star, so I am hoping she loses the primary.
Quote:
Originally Posted by Loveshiscountry
Down almost 2000 in 5 days. Recovered most of what?
It was down more earlier in the day, and had gained a lot of that back at the time I replied.
Again, 2K is in the right range for a correction. Its nothing to panic about yet. Nor is it a huge surprise to folks. Well..maybe to some. Shrug. But that still really enough to get us back into the median P/E (profit to earnings) ratios. So expect more pain...but really...thats stock market pain, not economy pain.
What did you think a market going from 6.6K to 18K was real, and represented reality well? Yeah. not so much. China is about to get brutalized, because if you think our P/E is out of whack....Wow.
China P/E: approx 44-50 (depending on which market, and what figures you use)
US Stocks P/E: approx 26
Average US P/E historically: approx 16.6
So expect some more drops....but again...no surprise.
It was down more earlier in the day, and had gained a lot of that back at the time I replied.
understood
Quote:
Originally Posted by greywar
Again, 2K is in the right range for a correction. Its nothing to panic about yet. Nor is it a huge surprise to folks. Well..maybe to some. Shrug. But that still really enough to get us back into the median P/E (profit to earnings) ratios. So expect more pain...but really...thats stock market pain, not economy pain.
What did you think a market going from 6.6K to 18K was real, and represented reality well? Yeah. not so much. China is about to get brutalized, because if you think our P/E is out of whack....Wow.
China P/E: approx 44-50 (depending on which market, and what figures you use)
US Stocks P/E: approx 26
Average US P/E historically: approx 16.6
So expect some more drops....but again...no surprise.
LOL. Said every Republican going into Obama's second election.
A minority own 401K's, 40% down is wishful thinking on your part. And oh look....we already recovered most of it. Yawn.
Chinas got the flu, we're going to get hurt by it. The economy and the stock market are separate things....And guess what? The economy is doing OK. Guess which one matters the most?
And actually what Bernie has to say might be even more relevant when 401K's are down.
The economy is great if you strive to stock sneakers on wal mart shelves.
How can you obamabots say the economy is doing ok when all you rail about is wealth and income inequality?
To be fair I was amazed that Obama won a second term given the conditions of both the economy, and the market when he ran for the last election. The problem in the end was the Republicans couldn't get a decent candidate. Romney wasn't horrible, he just wasn't quite good enough. So far nothing in this years circus on the Republican side gives me hope for a decent election competition. Course Clinton isn't exactly a shining star, so I am hoping she loses the primary.
It was down more earlier in the day, and had gained a lot of that back at the time I replied.
Again, 2K is in the right range for a correction. Its nothing to panic about yet. Nor is it a huge surprise to folks. Well..maybe to some. Shrug. But that still really enough to get us back into the median P/E (profit to earnings) ratios. So expect more pain...but really...thats stock market pain, not economy pain.
What did you think a market going from 6.6K to 18K was real, and represented reality well? Yeah. not so much. China is about to get brutalized, because if you think our P/E is out of whack....Wow.
China P/E: approx 44-50 (depending on which market, and what figures you use)
US Stocks P/E: approx 26
Average US P/E historically: approx 16.6
So expect some more drops....but again...no surprise.
Pretty much slammed the nail on its head right there. Romney was a compromise candidate to assuage the entire party. The problem is that no one was significantly excited about him to come out and vote.
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