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Weird....why was the market UP in all the other years of this "idiot's" presidency???
Sad you are so stuck in the politics of it all and fail to see anything else because of your partisanship.
Sounds like you are talking about yourself.
As we have seen in the last year, the climb in the market over the few years previously was largely a result of the housing bubble. Bush let that bubble grow bigger and bigger until it finally popped.
You might take not of the smilie.....although it is true....I was watching him speak and the dow simply kept going down and down and down....
And clearly Obama speaking was the ONLY thing going on in the entire world today.
Seriously, your posts are becoming more and more bazaar all the time.
You are to the point now where you are worth an occasional (and no doubt unintentional) chuckle, but truly, that's about it.
Too strange, dude.
Coming from you who believes a downturn is simply profit taking but an upswing is a recovery....
A FEW DAYS is "profit taking".
FOUR WEEKS is a sign of a recovery.
Besides, it not the DOW being up that's the true sign of recovery, it's the positive indicators that DROVE the DOW up that are the true signs of recovery. And over the last couple of months there have a been a number of those.
Sorry that disappoints you so much.
Not too much of a surprise. We've had 4 weeks of VERY positive movement, so some profit-taking not unheard off.
So when the market rises, Obama is fabulous and to credit, when it falls, people were profit taking? Isnt that trying to give Obama credit regardless to the market direction?
So when the market rises, Obama is fabulous and to credit, when it falls, people were profit taking? Isnt that trying to give Obama credit regardless to the market direction?
Again, more irrationality on YOUR part.
You are the one who in post after post claims that when the market goes up it has nothing to do with Obama but when it goes down it's directly attributable to him.
Again, Pot meet Kettle - same old story from you (SSDD).
Actually, I've given very little credit to Obama (though some admittedly). There is a difference between giving credit for the upswing to Obama and blaming Bush for a failure to act in a timely manner to avoid the crises (and then actually making the crises worse by looking so shell-shocked about it).
Most of the increase that's happened in the market so far has little to do with Obama (that will come later) - rather, most of it is the market coming off of artificially low lows that it was driven too because Bush panicked the market back in September. Now, over the last few months, numbers are coming in that show that - while still bad - the market was driven lower than it should have been. Most of the stimulus money from Bush hasn't even entered the economy yet - nor of course has that from Obama's budgets. When those events happen then the economic numbers will improve considerably. The fact that some of the numbers that have already come in over the last couple of months are better than expected is just the beginning - and bodes well for things once the stimulus money really begins to flow.
We just have to get through the tough times first - fortunately it's looking like perhaps the tough times may be a little shorter than first predicted.
Again, more irrationality on YOUR part.
You are the one who in post after post claims that when the market goes up it has nothing to do with Obama but when it goes down it's directly attributable to him.
I simply asked that you clarify your position and you come back with an irrational comment? Seriously, Obama is a financial genius when the market goes up, but you explain downfalls on profit taking. Its not my comment, it was yours.
In addition, there is a direct coorolation between Obama making a statements that he has the power to take over private businesses causing investor to panic and oversell.
Since Obamas election, the stock market has gone down when the government has threatened to get involved. It has risen when the government stays away. This is not a contradiction at all, its simply the way it works. Government and business operate on opposite sides of the spectrum and obviously no investor wants to be holding a stock when the government claims they have the power to take over the company and wipe out any stockholder equity.
Its fear that drives the market more often than facts and fear every time will cause a fall... Its just the way it is..
Since Obamas election, the stock market has gone down when the government has threatened to get involved.
Keep in mind that the market started it's free-fall back in September ... not on November 4th.
And regardless of how the market initially reacted to the stimulus proposals, lots of economists felt a huge stimulus was absolutely necessary to prevent the economy from getting a lot worse.
The market goes down due to uncertainty, and since lots of investors were uncertain whether the stimulus will work ... the market went down.
The market also dropped a lot when large banks started to fail (Wamu, Citibank, etc.), and people began pulling their money out of those banks.
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