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Old 08-24-2015, 11:54 AM
 
Location: Portland, OR
8,802 posts, read 8,904,973 times
Reputation: 4512

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Hillary is under fire.
No one will care what Bernie has to say when their 401ks are down 40%
Joe Biden running is a huge joke.

Things look good for the Republicans.
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Old 08-24-2015, 12:39 PM
 
34,279 posts, read 19,394,707 times
Reputation: 17261
Quote:
Originally Posted by VTHokieFan View Post
Hillary is under fire.
No one will care what Bernie has to say when their 401ks are down 40%
Joe Biden running is a huge joke.

Things look good for the Republicans.
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.
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Old 08-24-2015, 01:21 PM
 
24,410 posts, read 27,001,341 times
Reputation: 20015
If this correction turns into an actual crash, then you will most likely be right. Democrats took over everything in part because of Iraq, but the stock market crash played a massive role, so if the stock market continues falling and it goes from correction to a crash, then yes I think Republicans have a very good chance on winning.
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Old 08-24-2015, 01:42 PM
 
4,660 posts, read 4,126,014 times
Reputation: 9012
It doesn't bode well, but Republicans have to find some way of getting rid of Trump.

The polls show that Marco Rubio beats Hillary in every swing state, and that lead will only incresae as people get to know him. He is as young as she is old, he is as good looking as she is faded, he is as good a speaker as she is poor, he is consitantly conservative as she is mercurial, and he has very Latino friendly ideas, including once attempting a bill for comprehensive immigration reform.

There is every reason to think that the crash will continue. China keeps melting down, Greece and Puerto Rico, Apple, the Fed threatenig to raise interest rates, the election could end up being a route and a re-structuring kind of election if the republicans nominate the right guy. What is more, since all monetary and fiscal options have already been exhausted, this crash may be a hard one.

Don't look now, but after the Dow recovered from its 1000 point crash to a much more modest 300+, it is at the time of this writing down 650. This is on top of the 500+ on Friday and 300+ on thursday. This is going o be bad.

Last edited by cachibatches; 08-24-2015 at 01:51 PM..
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Old 08-24-2015, 01:48 PM
 
Location: North of Canada, but not the Arctic
21,163 posts, read 19,753,224 times
Reputation: 25703
They'll just blame it on the evil capitalists.
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Old 08-24-2015, 01:57 PM
 
Location: Portland, OR
8,802 posts, read 8,904,973 times
Reputation: 4512
Quote:
Originally Posted by cachibatches View Post
It doesn't bode well, but Republicans have to find some way of getting rid of Trump.

The polls show that Marco Rubio beats Hillary in every swing state, and that lead will only incresae as people get to know him. He is as young as she is old, he is as good looking as she is faded, he is as good a speaker as she is poor, he is consitantly conservative as she is mercurial, and he has very Latino friendly ideas, including once attempting a bill for comprehensive immigration reform.

There is every reason to think that the crash will continue. China keeps melting down, Greece and Puerto Rico, Apple, the Fed threatenig to raise interest rates, the election could end up being a route and a re-structuring kind of election if the republicans nominate the right guy. What is more, since all monetary and fiscal options have already been exhausted, this crash may be a hard one.

Don't look now, but after the Dow recovered from its 1000 point crash to a much more modest 300+, it is at the time of this writing down 650. This is on top of the 500+ on Friday and 300+ on thursday. This is going o be bad.
I honestly don't see this correction as bad. We have spent way too much time relying on the stock market to mask the fundamental problems of our economy. Is the economy better than 2008? Certainly. Is the economy so good that the fundamentals support at 17,000 DOW? Heck no.
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Old 08-24-2015, 02:16 PM
 
Location: Long Island (chief in S Farmingdale)
22,196 posts, read 19,481,704 times
Reputation: 5306
The close today has the market off 10-11% from the highs from earlier this year. When Election Day 2008 rolled around the market was down about 40% from its highs from 2007 and around 50% when it reached its low point in early 2009.

We have a LONG WAY to go before we hit anything close to what we saw then.
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Old 08-24-2015, 02:19 PM
 
24,410 posts, read 27,001,341 times
Reputation: 20015
Quote:
Originally Posted by Smash255 View Post
The close today has the market off 10-11% from the highs from earlier this year. When Election Day 2008 rolled around the market was down about 40% from its highs from 2007 and around 50% when it reached its low point in early 2009.

We have a LONG WAY to go before we hit anything close to what we saw then.
Exactly, we have a very long way to go from calling this an actual stock market crash. We are in a strong correction as of now.
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Old 08-24-2015, 03:07 PM
 
45,610 posts, read 27,230,182 times
Reputation: 23911
Quote:
Originally Posted by greywar View Post
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.
I tend to agree ... we are 15 months from the election. Why is anyone making predictions about anything?

Just pay attention and vote when the time comes. Predictions mean absolutely nothing.
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Old 08-24-2015, 03:14 PM
 
4,899 posts, read 3,558,448 times
Reputation: 4471
Yes - because presidential candidates have secret powers over world markets
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