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I have a question for anyone. How can people keep believing in the stock market? I got out completely before the Oct 2008 crash and only held on to some Chevron, which I now sold. The market is about where it was when I got out.
Every fundamental that made this country properous is gone! So why do people keep acting like things are going to go back to normal and up in the markets and like this isn't some "new normal?" It was obvious back in 2008 we were headed off a cliff. Obama promised change. Well, we now see what state our political parties are in and this country is well on its way to a fallen empire. So if anyone can answer my question, I'd be most interested in the response.
ETA: Now that I think about it, I don't want to derail this thread, so I think I'll start my own thread with this question. Pay no attn to me.
Last edited by mistygrl092; 08-04-2011 at 07:32 PM..
Until the budget is solidified for 10 to 15 years, regardless if that has tax increases, deficit reduction, spending cuts, entitlement reform, whatever, the markets will continue to fluctuate and fall.
All business wants is to know what Washington is doing for 10 to 15 years out.
When it changes by the month, business can't operate, hire, or grow.
On trading earlier today. Its down around 300 now. This hasn't happened since 1978 if I recall from an article I read yesterday. I thought the great orator was going to save the world with his big "deal" the dems hoisted upon the world?
1.)TeaBaggers control the house now..
2.)What is with you people cheering at every piece of bad news. Do you like seeing this country fail? Every time the stock market is bad, or there is a bad jobs report you TP's come out and start cheering.
3.)If something good happening I can hear a crickets heartbeat. Or it's some dumbass thanking Bush.
I mean really?
Last edited by Jermaine88; 08-04-2011 at 08:48 PM..
1.)TeaBaggers control the house now..
2.)What is with you people cheering at every piece of bad news. Do you like seeing this country fail? Every time the stock market is bad, or there is a bad jobs report you TP's come out and start cheering.
3.)If something good happening I can hear a crickets heartbeat. Or it's some dumbass saying thanking Bush.
I mean really?
LOL so it's all the tea parties fault now? Obama and Boehner got what THEY wanted but its the tea parties fault. Do you know how ridiculous that sounds? Obviously not because you went on and posted it. I don't see anybody cheering. I see a lot of lefties deflecting because what is happening is exactly what we said would happen. You of course bought the usual BS from the great orator.
LOL so it's all the tea parties fault now? Obama and Boehner got what THEY wanted but its the tea parties fault. Do you know how ridiculous that sounds?
I'm assuming you are talking about the Debt Deal..
The TP's have the majority in the house?
If it was a "Bad Deal" why didn't they say no and block it?
If the Debt Deal does not work the TP's are just as responsible for passing it.
Until the budget is solidified for 10 to 15 years, regardless if that has tax increases, deficit reduction, spending cuts, entitlement reform, whatever, the markets will continue to fluctuate and fall.
All business wants is to know what Washington is doing for 10 to 15 years out.
When it changes by the month, business can't operate, hire, or grow.
Which is exactly why there should have been a long term deal. Too much politics during the whole thing and now I hope they see what they all have done.
On trading earlier today. Its down around 300 now. This hasn't happened since 1978 if I recall from an article I read yesterday. I thought the great orator was going to save the world with his big "deal" the dems hoisted upon the world? Apparently not. Now what? I can't wait for the calls of QE III and more stimulous by these complete and utter idiots.
LOL. Sorry. The Deceleration of Independence should be the #1 seller right now.
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