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I say this as the Dow Jones drops another 281 points today. The Dow Jones is down 8.8% on the week.
When it became apparent that Obama had the election in the basket <insert pun> the market started a slide downward. Since then the market has been punctuated by even steeper slides downward that always seem to take place the day after one of Obama's collectivist speeches....
Last edited by cuba libre; 03-05-2009 at 04:15 PM..
I say this as the Dow Jones drops another 281 points today. The Dow Jones is down 8.8% on the week.
Is OBama purposely causing this???????
Sad part is that Obama did indeed inherit a mess just as Bush inherited dot bomb. Sadder part is that he'll make things worse with astronomical spending (aka blowing the treasury wad)
If he's able to cause the market to go up and down at will, I predict that he'll make much more money off his next book than his last one. Meanwhile, the stock market is irrelevant to the work that needs to be done. It's odd that these stock-market whiners are the same people who formerly railed about governing-by-the-latest-poll when the stock market is nothing but the latest poll...
I say this as the Dow Jones drops another 281 points today. The Dow Jones is down 8.8% on the week.
Is OBama purposely causing this???????
No in case you forgot after the dot com bust there was a housing boom, that's kind of what caused this. But it's easy to forget it was a REALLY long time ago.
It's funny, apparently people are angry that we're coming back down to reality.
Sad part is that Obama did indeed inherit a mess just as Bush inherited dot bomb. Sadder part is that he'll make things worse with astronomical spending (aka blowing the treasury wad)
Exactly!!! Are there many former Obamites on here who are seeing through the haze of the Messiah???
Just like Rambo 'dead fish' Emanuel said, never let a good crisis slide by...
Quote:
Originally Posted by saganista
It's odd that these stock-market whiners are the same people who formerly railed about governing-by-the-latest-poll when the stock market is nothing but the latest poll...
When it became apparent that Obama had the election in the basket <insert pun> the market started a slide downward. Since then the market has been punctuated by even steeper slides downward that always seem to take place the day after one of Obama's collectivist speeches....
obama's plan to reward those who were irresponsible is not going over very well. you have to figure that if 1/10 mortgages are delinquent, then 9/10 are not and those are the people who will be hurt under the obama housing fiasco. to lower the prices for the irresponsible people while expecting the responsible people to pay the previous inflated prices is mind-boggling! no wonder the market is tanking!
Read history and you'll see how the govermnent spending has significantly improved the economy in very horrible times like the depression.
Frankly what investors think is not the first priority in fixing this mess.
There are two schools of thought on the supposed effectiveness of the New Deal. Japan's recent efforts failing as well as all current efforts in the US failing are reinforcing my opinion.
Read history and you'll see how the govermnent spending has significantly improved the economy in very horrible times like the depression.
Frankly what investors think is not the first priority in fixing this mess.
It's too bad the investors also consist of Joe six pack, not just Warren Buffett
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