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If you're (notice how I didn't write your...) going to talk about the stock market since Obama took over, you have to talk about the market since he took over and not just one day.
The S&P 500 has gone up 3.37%
The DJIA has gone down 1.35%
During the Bush Years:
The S&P 500 went down 40.02%
The DJIA went down 22.29%
I didn't vote for Obama (voted for Paul in the primary and Barr in the general), but I'm pretty sure his performance looks better than the last guy who held the office.
Plus, the stock market is only a small measure of the economy, as it is more based on speculation, rumors, and other emotional factors that come into play in determining a stock's price.
Today isnt some kind of crash.
The market going down in the Bush years, in 2007-8, was based on being hit with this horror news and coming to terms with ugly realities - that we were worse than broke. Now we're trying to repair. Repairing isnt the fun part. It's going to be bumpy - a la now - but at least now we're trying to establish a bottom - let industries/companies and their creditors and buyers/markets set new and solid foundations.
[Quote:
Originally Posted by rlchurch And good news to all the tea baggers. While you were out the protesting, the market was up again. Looks like the market is anticipating that the president's program will result in a recovery.
AeroGuyDC So how do you explain yesterday's slide? The stock market is no bellweather as far as i'm concerned when they're still announcing sales declines and record unemployment consistently across the board.]
Nice try Sag, but no cookie.
We didnt slide on, uh, Friday. Were sliding today. Look at the S&P for both days. Did you expect it to keep going up constantly forever? Funny, that's what the banks and mortgage lenders based their assumptions on.
Last edited by delusianne; 04-20-2009 at 03:49 PM..
Reason: typo.
If you're (notice how I didn't write your...) going to talk about the stock market since Obama took over, you have to talk about the market since he took over and not just one day.
The S&P 500 has gone up 3.37%
The DJIA has gone down 1.35%
During the Bush Years:
The S&P 500 went down 40.02%
The DJIA went down 22.29%
I didn't vote for Obama (voted for Paul in the primary and Barr in the general), but I'm pretty sure his performance looks better than the last guy who held the office.
Plus, the stock market is only a small measure of the economy, as it is more based on speculation, rumors, and other emotional factors that come into play in determining a stock's price.
You mean the very same speculation and rumors that have caused it to rise after the previous fall?
And while we're talking about statistics, fine.. Lets look at the stock market under the Republican Congress
now Democrats in Congress
Mmm, no wonder Democrats didnt want to invest Social Security in the market, they would lose 42% of our money while Republicans gained 372%
The market going down in the Bush years, in 2007-8, was based on being hit with this horror news and coming to terms with ugly realities - that we were worse than broke. Now we're trying to repair. Repairing isnt the fun part. It's going to be bumpy - a la now - but at least now we're trying to establish a bottom - let industries/companies and their creditors and buyers/markets set new and solid foundations.
Wow, you mean all of this up and down is just us trying to establish a bottom? Never heard it worded that way before..
btw, were we just trying to establish a bottom when the market crashed after Democrats took over Congress, or just trying to establish the top when Republicans left?
Wow, you mean all of this up and down is just us trying to establish a bottom? Never heard it worded that way before..
btw, were we just trying to establish a bottom when the market crashed after Democrats took over Congress, or just trying to establish the top when Republicans left?
No....
in the big picture, we're trying to establish a bottom. All these events are moving toward a particular goal - to get the damn economy going in a healthy way. Some of it's positive and some of it's negative.
when the Rs left the market was insanely overinflated, based on a mix of garbage and nothing. Now we're having to repair.
You're citing city-data? I thought you meant something valuable.
And you're welcome for the time I put into answering your silly trolling thread btw. Not Obama's fault if you're in the red today.
I said LIBERALS called him a genius.. So your own postings arent valuable? Why are you here then?
p.s. nope.. not Obamas fault at all, I simply miscalculated how the market would view Obamas conversion of loans to equity and how the market would react. Not his fault at all I mis-calculated, but he did create the plan, and the market did react negatively..
We didnt slide on, uh, Friday. Were sliding today. Look at the S&P for both days. Did you expect it to keep going up constantly forever? Funny, that's what the banks and mortgage menders based their assumptions on.
The whole exchange between rlchurch and I were all apart of the same quote. I'm well aware that there was no trading "yesterday".
in the big picture, we're trying to establish a bottom.
ooh ok.. so its fine if it hits 2,000 provided the line is established..
Thanks though for not at all answering the question, or maybe you did.. Market rises, Obamas a genius, it drops, we're establishing a bottom. At least you didnt blame profit takers.. Wrong, humorous response, but original..
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