Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
WHy do people think that the President can do any of these things? It is Congress and the Senate who causes all the trouble, not the pres. I am more concerned about them than the puppet in the White House.
Well since it looks like the Democrats have a majority in the house and senate, then the Democrats will more easily push anything they want. I know they were planning on health care for everyone, but how does it get paid for?
As soon as Obama is elected next president of the United States and I can GUARANTEE you he will, watch the markets on Nov.5th rally like nothing you have ever seen before ! I expect the DOW to close + 800-1000 points !
Hey you hit that one right on the head........not.......I hope no one was stupid enough to listen to you.
Location: where you sip the tea of the breasts of the spinsters of Utica
8,297 posts, read 14,168,495 times
Reputation: 8105
It really doesn't matter what the Dow is doing on any particular day .... even longterm it's only an indirect indicator of the economy.
I think it's way overpriced still given the rotten fundamentals, there's no question that things are going to get much worse for a long time before it bottoms out (it probably will bottom out, unless we get hit by nuclear terrorism).
So much for the relief rally. The market has been climbing on hope and now it's back to reality. The economy is tanking, will tank even more in the months to come and Obama has already conceded that, oops, he failed to mention that he can't really do much about it, at least not during his first term. Now, back to our regularly scheduled programming-- which is less jobs, less consumer spending and less growth... unless, of course, you count the deficit, which is growing like it's mainlining steroids. All compelling arguments for shorting the trend all the way down.
It really doesn't matter what the Dow is doing on any particular day .... even longterm it's only an indirect indicator of the economy.
I think it's way overpriced still given the rotten fundamentals, there's no question that things are going to get much worse for a long time before it bottoms out (it probably will bottom out, unless we get hit by nuclear terrorism).
Don't worry, yesterday's election was another cannonball hole in the side of the American economy.
Eat any crow lately? First the market expected an Obama win plus Democrat pickups in the House and Senate. Second, it's insane to believe that Obama is good for business in general.
Well since it looks like the Democrats have a majority in the house and senate, then the Democrats will more easily push anything they want. I know they were planning on health care for everyone, but how does it get paid for?
Share the wealth program, how else ! Take over everyones 401k's and tax the crap out of them and who they used to belong to and presto.... question answered. And health care for everyone
I sure am glad I can control my income !!! I feel bad for those that can't ! Good job America. I may be enticed into take advantage of some of the handouts...
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I may be enticed into take advantage of some of the handouts...
