Is capitulation on the cards? »
Posted By STONERS 1 year, 4 months ago in Business & FinanceProfit warnings, breaches of key index levels, record oil prices, stressed consumers and investors seeking safety provide the background for markets this week, and many people are wondering how long this will all last.
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STONERS1 year, 4 months ago
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"Are we going to go from a narrow bear market to a broad bear market?" he said, meaning that investors may start selling not only poorly performing stocks such as financials but also those which have not done too badly this year."
"This week may offer some sort of answer if only because of the depths that have been reached recently."
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Amazing11 year, 4 months ago
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I am hoping that the economy manages somehow to hang on until after the election and inaugeration of the next president. Should there be a true collapse, Bush is all set to declare marshall law and then we are totally screwed. Say hello to a totalitarian regime.
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walden31 year, 4 months ago
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I know there'll be tin foil hat comments.
I was just talking with someone today. I was saying that after eight years of Cheney and Bush Inc. strengthening the executive through the use of signing statements, executive privilege, the defenses of national security, fighting the long war on terrorists or being a wartime president, I can't see Bush Inc. so willing to turn all of that new power over to a Democratic president.
I can't see them laying down and allowing Obama to tap every single phone call, email and Internet search the way that Bush Inc. has been doing.
I figure they must know something we don't.
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mmrhe1 year, 4 months ago
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If you happened to catch George Stephanopolus this morning, Ted Koppel had some interesting insights about why the troops won't be leaving anytime soon no matter who gets elected.
Cause The Oil Market Is Too Jittery! Hold on folks. We are in for some scary ****** in the very near future. Like nothing any of us has seen.
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nostalgia1 year, 4 months ago
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I listened to an interesting discussion on the stock market and investments yesterday
Several analysts mentioned Obama's plan to increase the capital gains tax rate from 15% to 28%.
They noted that historically increases in the capital gains tax rate have been retroactive
They said they expect some people will sell stocks that are performing well to try and avoid any increase in this tax rate if Obama is elected
some of them said they wouldn't be surprised to see the Dow go even lower
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browntiger1 year, 4 months ago
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Oh please even if Obama get's elected and congress passes increase in capital gains as you mentioned retroactively - there will be no crisis.
Stock performance will be based more on how well he performs, how confident people in the future, how well economy will be creating new jobs.
Clearly stocks are falling because confidence in Dumbo W administration is pretty low, jobs leaving US, gas prices soar, housing & loans crisis, and the only reason this whole mess did not bring down immediate financial crisis - is massive goverment deficit spending.
160,000 in Iraq, defense orders, fed that printing money to give them to the banks so they can use those to pay for previous loans they took from fed. absurd interest rate of ( i bonds sold at 0% rate ) so banks instead of cleaning they books still in hope of selling bad debt to offshore investors. High risk and low yield assure it will never happened.
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jmarks1 year, 4 months ago
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well, its about time for a new approach, Bush's tax cuts for the wealthiest haven't helped a whole lot have they?
Obama's capital gains tax increase will only affect the wealthiest 2% of americans, that's a reversal of Bush's policy, wouldn't you say?
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panzerv1 year, 4 months ago
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They've got the ball and they're running with it. I think corporate extortion will just be the order of the day from now on. And I agree with Walden about bush sharing power...that's what mcdummy is for. They will all still be wired into the system, we will just be watching a different puppet dance. I just took the straw poll for $hits and giggles and they've got mcidiot leading in EVERY state.
A revolution is an ugly thing...and I think it's just about time we had one!
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