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If he's able to cause the market to go up and down at will, I predict that he'll make much more money off his next book than his last one. Meanwhile, the stock market is irrelevant to the work that needs to be done. It's odd that these stock-market whiners are the same people who formerly railed about governing-by-the-latest-poll when the stock market is nothing but the latest poll...
Meanwhile, the stock market is irrelevant to the work that needs to be done.
Who cares about what the Investors think, I sure as hell don't... Obama is working for us the people not the Investors on Wall Street. It gives me great pleasure seeing the traders stressed out on television.
Wow, I guess you have no 401(k) plan, no pension, or no retirement strategy. You don't need credit, either. No wonder you voted for Obama. You have nothing, and you are counting on him to fix that.
THIS IS THE RESULT OF THE BIGGEST MARGIN CALL IN HISTORY BROUGHT TO US BY THE MOST RECKLESS SPECULATORS EVER. THEY TURNED WALL STREET INTO A CASINO.
Obama did not do this. Wall Street did it to itself. The market will bottom out when the momentum of the free fall is overcome by the real value of the equities available. The day of financial companies investing in other financial companies is OVER. Investors want to buy a piece of a company that actually owns or makes real goods.
Well, for what it's worth - there's certainly a big surge on Wall Street at the moment on word that Citigroup apparently has started posting a profit again.
Have we reached the bottom?
Who knows?
The stimulus money is just now starting to filter into the economy so we'll have to see what affect is has.
Certainly at this point the bad news still outweighs the good, but apparently there IS some good news out there.
Well, for what it's worth - there's certainly a big surge on Wall Street at the moment on word that Citigroup apparently has started posting a profit again.
Have we reached the bottom?
Who knows?
The stimulus money is just now starting to filter into the economy so we'll have to see what affect is has.
Certainly at this point the bad news still outweighs the good, but apparently there IS some good news out there.
Ken
Bear markets often have the most violent surges. This was happening all throughout 2008 as we descended. When you see 20 of 30 days straight of steady gains, you'll know it's a true market rally and not a sucker's one.
Bear markets often have the most violent surges. This was happening all throughout 2008 as we descended. When you see 20 of 30 days straight of steady gains, you'll know it's a true market rally and not a sucker's one.
Very true, but the fact that Citigroup (pretty much a poster child for the brutally battered financial sector) is showing a profit is PRETTY HUGE NEWS - especially if it is followed by reports of other members of the financial community doing better (which of course remains to be seen). It is after all the collapse of the financial sector that launched the rapid collapse of the market that began in early-mid October - and has continued pretty much unabated (except for very brief rallies) since that time.
IF the financial sector is truly showing improvement it could stimulate a major turnaround on Wall Street - which could in turn ease the overriding fear that is driving down the whole economy.
Ken
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. Will they have anything to say
?
