Obama takes over and the stock market falls 300 points (Congress, wages, salary)
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... Blame it on the president who has been there less than one day. That makes sense. ...
Agree. Longer term performance matters much more than that of a few days; that is why any financial analyst will tell you to not put money in the market if you need it in less than 5 years. Yet, some people here point out the market performance for a few days and conveniently forget the market performance for the 8 Bush years. This shows they do not understand the markets but do want to extract some political mileage out of it (while looking stupid).
Maybe Wall Street hates the fact that Obama thinks we should love and embrace the Islams that killed so many fellow Few Yorkers!
After his little speech today, any chance of respect from me got flushed down the stinker!
Get your facts right before posting idiocracy. No where does he use the term "Islams" in his speech. BTW, Muslims died on 9-11 in those buildings. Bush, Colin Powell, etc. have said Islam, the religion, is NOT the enemy. Most NYers are smart enough to know this, the few that don't I blame on ignorance.
Wall Street has known since November that he will be president so why now. And why blame it on a guy that just got elected. You need to educate yourself in financial markets as your logic shows a lack of understanding on economics and finance. Posts 29 and 28 explain it best; hopefully you can understand what the posts are stating.
How much of that drop came after the election of obama and the realization that tax, tax, tax and spend policies are on the way?
what next.. a problem with biofuel the liberals fault? oh wait that idiotic analogy has already been done.. there are a lot of shrill mental midgets around
BigJohn3465: so what was the stock market performance for the last 8 years?? As Regan asked, are you better off now than you were 8 yrs ago?? Cut/pastes of short term charts is meaningless - ask your financial advisor.
According to yahoo, DOW was about 11,200 on Jan19/2000 and today it is about 8000. Talk about wealth destruction.
Funny , I posted this yesterday and my thread was moved over to the election section...I thought simalar as the OP here, that this is a controversial and not an election issue...by the way should the election section be closed till in 2 years or so?
I guess businesses and people investing haven't responded to the market in a positive way, neither have the businesses that annouced laying off many people...some businesses announced it yesterday so it was not to much news since the wasting of money for inaugeration in a time of an economy crisis (150 million can be called a huge overspending compared to other inaugerations, but what the heck it is for the rock star) was all over the news....I'm glad tivo can help out so you enjoy other things than watching money going down the drain.
BigJohn3465: so what was the stock market performance for the last 8 years?? As Regan asked, are you better off now than you were 8 yrs ago?? Cut/pastes of short term charts is meaningless - ask your financial advisor.
Apparently you are not reading the thread.
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