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Posted by: pc25 1 year, 1 month ago
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pc251 year, 1 month ago
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RedRiverJ1 year, 1 month ago
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pc251 year, 1 month ago
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I am going to take all my money out of the bank and put it into the government backed mortgage derivative sub prime securities that I have heard so much about.........cant' be selfish now and think only about myself........I've seen the light.......what did Obama say the other day in a speech "He Calls it SOCIALISTIC"
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PsychoHosebeastComment removed: Spammer, Abusive
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ind061 year, 1 month ago
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Yeah, you should do that. Because the DOW hasn't plummeted a few times these past few weeks and CLEARLY this is all because of the election.
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If the headline was "Oklahoma Gets Tennis Ball-Sized Hail! DOW TUMBLES 500 Points" would you rush off to divest yourself? -
PsychoHosebeastComment removed: Spammer, Abusive
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Teech1 year, 1 month ago
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And the Dow will continue to plummet, as a direct result of Bush economic policy, until January 20. By then it may be at 5 or 6 thousand. Mission accomplished! Dumbya and his cronies will then start to buy, you should too, because it will soar to new heights under Obama.
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Bush and Cheney will be buying from Dubai or South America. Bush's best pal, Osama Bin Laden will also be buying big, but from Afghanistan, or Dumbya's ranch in South America.
A cushy future for Osama Bin Laden. Martinis in Dubai with Dickie, or buggering sheep on some ranch with George W. It DOES pay to have friends in high places.-
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jimdoze1 year, 1 month ago
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Sorry, Teech. This is a direct result of the real estate bubble which was created at it's root, by Fannie Mae, Freddie Mac and its palm-greased social-engineering, legislative patrons, Barney Frank, Chris Dodd and Barack Obama. Don't go laying this on George Bush. He ain't guilty!
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kevinmc31 year, 1 month ago
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Teech,
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You're a bit clueless. Go to Youtube and watch the video yourself, Bush actually warned congress PRe-9/11 of an impending Fannie Mae/Freddie Mac crisis. I realize you are so deep seeded with your Bush hatred , WHY not just blame everything on Bush. And as someone else replied you can also watch the videos of Barney Frank and Chris Dodd saying "Are you crazy, with this housing boom and you want us to regulate Fannie Mae?". And, these same fools pretended to be heroes when the crisis hit, Ultimate Hypocracy. Teech, you could always gone around fabricating and blaming Bush, but too bad we got the videos to prove you wrong...;}
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Dionys1 year, 1 month ago
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So how come the Dow plummeted a few thousand lately? I'm pretty sure Obama wasn't elected then.
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Blaming Obama for the Dow dipping when the Dow is already having fits is like saying the Dow dipped because a black cat crossed in front of me today (it did! I swear!).-
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chevydog1 year, 1 month ago
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At least three possible theories (take your choice):
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The stock market isn't rational, never has been, never will be.
Developments in the business world haven't stopped for the election.
The stock market truly doesn't like Sen. (now Prez-elect) Obama.
That must be the same black cat I chased away from the garbage can. -
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MotiGui1 year, 1 month ago
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Market went up 800 points the day of the election and went down the day after and today so far. Nothing unusual, investors are selling and taking profits. Time to buy is now when the market is down, it will recover in 2009 but Obama MUST make this a priority NOW and not in January. January is the time to implement the change that is being discussed now.
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nostalgia1 year, 1 month ago
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"Nothing unusual, investors are selling and taking profits."
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Wouldn't you take profits now when Obama already said he was going to increase the capital gains tax?
"January is the time to implement the change that is being discussed now"
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jovial1 year, 1 month ago
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"“The top capital-gains rate for families making more than $250,000 would return to 20% -- the lowest rate that existed in the 1990s and the rate President Bush proposed in his 2001 tax cut. A 20% rate is almost a third lower than the rate President Reagan set in 1986,” wrote Obama advisors Jason Furman and Austan Goolsbee in Thursday’s Wall Street Journal. "
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It sits at 15% now. -
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PsychoHosebeastComment removed: Spammer, Abusive
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pc251 year, 1 month ago
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So how come the Dow plummeted a few thousand lately? I'm pretty sure Obama wasn't elected then.
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you need to ask Obama about his present vote when Freddie Mac/ Fannie Mae reform legislation came up in the senate and while you are at it ask him about the $140,000 in contributions he received from them.........-
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Dionys1 year, 1 month ago
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You need to stop trying to blame Democrats for the craphole job of managing the country the GOP has done.
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I mean seriously. The economy goes into the craphole and it's somehow Clinton's fault.. it just took years to surface.. but the Obama's elected and it's instantaneously his fault? You can't have it both ways.-
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tchef1 year, 1 month ago
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Here! Here! Things are going to get worse before they get better. We have only just begun to see the effects of this financial disaster. Wait until Christmas when all the stores are going to be screaming because of the low sales. I'm sure all the Cons will be blaming Obama even though this mess has been caused by their boy Bush.
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ugagentorange1 year, 1 month ago
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typical of someone who has NO CLUE how business works. Listen up. When the government has to deregulate, it has to REMOVE the regulations put in before. Clinton is the one that REGULATED banks and FORCED them to give loans and mortgages to undeserving people and people who cant afford it. BEFORE Regulation, you needed 20% down payment to get a mortgage cuz banks were more responsible. That was with Reagan. Clinton ADDED regulation to force banks to give out mortgages like candy. The GOP saw the mess that was occuring, and REMOVED it. This problem STARTED with Clinton. Period. Barney Frank who was in charge of the Housing Committee since Jan. 2007.....said NOTHING about the BS at Mae and Mac, and said everything was SWELL and hunky dory. THAT is the problem. Toothless freak barney Frank should've WARNED people that they were about to CRASH. Anyone who blames Reagan for any fiscal failure just doesnt have a clue.
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libsRfunnyComment removed: Hard Banned2 Replies
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BB641 year, 1 month ago
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Actually if you read the market, there is a pretty close comparison in drops the market to bad news for McCain. So what are you guys going to now? Blame Bush? Oh, no he's a lame duck. The whole show is yours and it's already collapsing around you. Bummer. Barry could blame congress. Oh no you have that too. Well in the end I'm sure it's all the racists taking their money out of the markets. Yea the racists, blame them.
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refinanceComment removed: Spammer
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DaneL1 year, 1 month ago
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ybdogsct1 year, 1 month ago
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http://www.venturacountystar.com/news/2008/nov/05/...
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"Dow posts biggest Election Day rally. It was the biggest Election Day rally for the Dow, which rose 3.28 percent and topped the 1.2 percent gain seen in 1984 when Ronald Reagan defeated Walter Mondale. Broader market indexes were also up more than 3 percent Tuesday.
Some analysts said the market rose on relief that the presidential election was about to be decided. Still, some analysts say the gains might not be sustainable. Although uncertainty surrounding the election will be cleared, they said there are still many challenges, and some of the market volatility seen in October, in the weeks and months ahead.
The Dow rose 305.45, or 3.28 percent, to 9,625.28. The Dow last closed above 9,500 Oct. 6. he broader indexes also rose. The Standard & Poor's 500 index gained 39.45, or 4.08 percent, to 1,005.75, its first close over 1,000 since Oct. 13. In the past six sessions, the S 500 has rallied 18.3 percent. The Nasdaq composite index rose 53.79, or 3.12 percent, to 1,780.12, its longest winning streak of the year."
Only a great fool would blame the current economic crisis on someone who hasn't even assumed office yet. LOL. Bush apologists are really something else -- everything is either Bill Clinton's fault or Barack Obama's fault, nothing is every BUSH's fault.
Pathetic.-
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DaneL1 year, 1 month ago
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ybdogsct1 year, 1 month ago
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DANEL: "I just stated a fact. Lay off the caffine."
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Just stating facts, huh? Well, chew on this:
FACT - The Dow posted its biggest Electon Day rally on the very day Barack Obama was elected president.
Lay off the Kool-Aid.
No wonder you and your ignorant ilk were voted out of office. America has had enough of the likes of you.
Pathetic.-
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MotiGui1 year, 1 month ago
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Right, it posted a gain of 800 points. The next two days it posted a loss of over 900 points resulting in a negative gain overall. Today it posted a negative 443 which so far for the week that's a 10% loss. Unless some miracle happens tomorrow - Friday - then it's really a rotten week, or a good week if you're a buyer/seller.
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BB641 year, 1 month ago
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Since the polls closed well after the market did, that doesn't mean anything. Perhaps it was investors that thought McCain had a chance. Because the next two days were clearly Obama's time and this is clearly a different story. Major indexes have lost about 10 percent since Barack Obama was elected president — a vote preceded by a steep rally — and the losses represent the Dow’s worst two-day percentage decline since the October 1987 crash. Wow, 1987. That's a big drop again.
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ybdogsct1 year, 1 month ago
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BB64: "Perhaps it was investors that thought McCain had a chance."
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Now you're really reaching. Oh, how desperate Bush's apologists have become. LOL.
BB64: "Major indexes have lost about 10 percent since Barack Obama was elected president — a vote preceded by a steep rally — and the losses represent the Dow’s worst two-day percentage decline since the October 1987 crash."
Now, do you have any actual FACTS to present to support your unsubstantiated argument that Obama's election alone has caused the Dow Jones' recent losses? Or is this unsubstantiated bloviating all you really have to offer?
It's laughable that Bush apologists such as yourself excuse Bush's economic policies for the current crisis and can provide ZERO EVIDENCE of a causal relationship of Obama's election on the Dow's performance. The FACT of the matter is that the Dow is down not because of Obama's election, but because of the unemployment numbers recently released by the Labor Department, reported layoffs, decreased consumer confidence, and continuing housing slump.
It's time for YOU to put up or shut up. Post your evidence showing a direct and irrefutable causal relationship between Obama's election and the Dow's performance today.
http://news.yahoo.com/s/ap/20081106/ap_on_bi_st_ma...
"Wall Street plunged for a second day, triggered by computer gear maker Cisco Systems warning of slumping demand and retailers reporting weak sales for October. Concerns about widespread economic weakness sent the major stock indexes down more than 4 percent Thursday, including the Dow Jones industrial average, which tumbled more than 440 points.
Comments from Cisco that it saw a steep drop in orders in October and reports from retailers that consumers are skipping trips to the mall provided fresh evidence of the economy's struggles.
Adding to investors' list of worries, the Labor Department said the number of people continuing to draw unemployment benefits jumped to a 25-year high, increasing by 122,000 to 3.84 million in late October. It marked the highest level since late February 1983."
http://money.cnn.com/2008/11/06/markets/markets_ne...
"Dave Rovelli, managing director of U.S. equity trading at Canaccord Adams, said that the steady stream of bad economic reports and weak corporate earnings and forecasts was taking its toll. In particular, the number of companies announcing layoffs was unnerving investors, especially ahead of Friday's big monthly jobs report.
October retail sales from the nation's chain stores were mostly abysmal, with some discounters such as Wal-Mart Stores escaping the fray. The housing market collapse, credit crunch and strained labor market have all taken their toll on consumers' wallets. Most retailers saw October sales in line with the bruised economy. Thomson Reuters estimates the monthly sales could be the worst in eight years.
The number of Americans filing new claims for unemployment last week topped forecasts. The weekly number followed a pair of monthly reports Wednesday that showed the labor market continued to get hammered in October. The reports were especially worrisome ahead of Friday's big government report. That report is expected to show that employers cut 200,000 jobs from their payrolls in October.
Stocks aren't likely to move higher until at least the second quarter of next year, as investors start anticipating an economic recovery six or nine months out."
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DaneL1 year, 1 month ago
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"FACT - The Dow posted its biggest Electon Day rally on the very day Barack Obama was elected president."
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Now you see I can accept this fact without even calling names, you seem to have serious problems. Maybe try yoga or something.
And the DOW lost another 441 today. Try not to freak.-
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ybdogsctComment removed: Spam
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ybdogsct1 year, 1 month ago
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You need a broader perspective. Instead of looking day-to-day, examine how the markets performed during the entire tenure of Bush's term and compare it to how the markets performed during the entire tenure of the last Democratic President, Bill Clinton.
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http://finance.yahoo.com/q/hp?s=^DJI=00=20=1993=00...
Note that the DJIA rose steadily during the Clinton Presidency from 3300 in Jan 1993, to 11,500 by December 1999, before settling back at 10,600 by the time Bill Clinton left office.
http://finance.yahoo.com/q/hp?s=^DJI=00=20=2001=10...
Now, here are the monthly Dow Jones closing averages since George W. Bush has been President. The average was about 10,500 when he took office, and today it's at 8,695.
http://www.usatoday.com/money/markets/us/2008-11-0...
"In election cycles since World War II, the Dow Jones industrials have posted bigger average returns under Democratic presidents, the Stock Trader's Almanac says."
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BB641 year, 1 month ago
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Unless you're homeless living on SSI it certainly does. That reduces the short term credit used by most companies to stock and maintain the business. Free that or move to cash up front and you will see business after business cut back. Less stock, less staff.
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Talking economy, the president doesn't have much to do with the economy. That's the job of the House. As to the failures of Fannie and Freddie, the path leads directly to Dodd and Franks.
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ybdogsctComment removed: Spam
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ybdogsctComment removed: Spam
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ybdogsct1 year, 1 month ago
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That's right, a member of the Democratic Party who happens to be more educated than their Republican counterparts. Lucky for me, the health care sector is generally regarded to be recession-proof.
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http://www.gallup.com/poll/106381/Obama-Education-...
"Barack Obama leads John McCain by a significant margin among voters with the most education. McCain leads Obama among those with the least education. Thus, it appears that Obama's strong showing among educated voters in the Democratic nomination contest would extend to the general election as well.
http://www.cnn.com/ELECTION/2006/pages/results/sta...
College graduates are more likely to vote Democrat than Republican by a 53% to 46% margin. Those with postgraduate degrees are more likely to vote Democrat than Republican by a 58% to 41% margin.
http://www.pubmedcentral.nih.gov/articlerender.fcg...
"U.S. medical students are considerably more likely to be liberal than conservative and are more likely to be liberal than are other young U.S. adults. Among these medical students, 5% self-characterized as politically very conservative, 21% conservative, 31% liberal, and 9% as very liberal.”
You're a Republican, aren't you? A member of the same Republican Party who was just booted from office? Well, don't let the door smack your ass on your way out.
LOL.-
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DaneL1 year, 1 month ago
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It's very nice that you have learned to cut and paste in college. I'm sure you are on the public dole to get thru school. I too am in the recession-proof sector, I'm retired. Yes retired at 52. Education is great but if you don't know what to do with it, it's worthless. Everything I learned was learned when I left school. Those that can, do. Those that can't, teach. And by the way I was a math teacher for a short while.
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ybdogsct1 year, 1 month ago
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DANEL: "It's very nice that you have learned to cut and paste in college."
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Actually, developing a coherent argument includes the presentation of documented FACTS to support one's conclusions -- a skill I first learned not in graduate school, not in medical, not in undergrad, and not in high school, but in primary school. Judging from your unsupported argument, your formal education is severely wanting. Just as the data above shows.
LOL.
Now, if you'll excuse me, I need to go save lives. You see, some of us have fulfilling jobs and can't spend all day on a website with anonymous strangers.
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libsRfunnyComment removed: Hard Banned2 Replies
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ybdogsct1 year, 1 month ago
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UGAGENTORANGE: "The problem with your long winded response....is we are talking about the day AFTER the election."
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Yes, the day after the election which happens to be a couple months BEFORE Obama has even been sworn into office -- i.e., a couple months BEFORE Obama even has a chance to execute his economic policies.
It's laughable that Bush apologists such as yourself excuse Bush's economic policies for the current crisis and can provide ZERO EVIDENCE of a causal relationship of Obama's election on the Dow's performance. The FACT of the matter is that the Dow is down not because of Obama's election, but because of the unemployment numbers recently released by the Labor Department, reported layoffs, decreased consumer confidence, and continuing housing slump.
It's time for YOU to put up or shut up. Post your evidence showing a direct and irrefutable causal relationship between Obama's election and the Dow's performance today.
http://news.yahoo.com/s/ap/20081106/ap_on_bi_st_ma...
"Wall Street plunged for a second day, triggered by computer gear maker Cisco Systems warning of slumping demand and retailers reporting weak sales for October. Concerns about widespread economic weakness sent the major stock indexes down more than 4 percent Thursday, including the Dow Jones industrial average, which tumbled more than 440 points.
Comments from Cisco that it saw a steep drop in orders in October and reports from retailers that consumers are skipping trips to the mall provided fresh evidence of the economy's struggles.
Adding to investors' list of worries, the Labor Department said the number of people continuing to draw unemployment benefits jumped to a 25-year high, increasing by 122,000 to 3.84 million in late October. It marked the highest level since late February 1983." -
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ybdogsct1 year, 1 month ago
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http://money.cnn.com/2008/11/06/markets/markets_ne...
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"Dave Rovelli, managing director of U.S. equity trading at Canaccord Adams, said that the steady stream of bad economic reports and weak corporate earnings and forecasts was taking its toll. In particular, the number of companies announcing layoffs was unnerving investors, especially ahead of Friday's big monthly jobs report.
October retail sales from the nation's chain stores were mostly abysmal, with some discounters such as Wal-Mart Stores escaping the fray. The housing market collapse, credit crunch and strained labor market have all taken their toll on consumers' wallets. Most retailers saw October sales in line with the bruised economy. Thomson Reuters estimates the monthly sales could be the worst in eight years.
The number of Americans filing new claims for unemployment last week topped forecasts. The weekly number followed a pair of monthly reports Wednesday that showed the labor market continued to get hammered in October. The reports were especially worrisome ahead of Friday's big government report. That report is expected to show that employers cut 200,000 jobs from their payrolls in October.
Stocks aren't likely to move higher until at least the second quarter of next year, as investors start anticipating an economic recovery six or nine months out."
Go ahead. Post your data. Until then, your unsubstantiated bloviating "means SQUAT."
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4thchance1 year, 1 month ago
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I'm conservative and I disagree. Right now many of the things that have gone wrong are in one part or another the fault of Bush. Remember now, it happed under Bush's watch.
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So then, it's only fair that when Obama is sworn into office, from that day forward all that goes wrong will be the fault of Obama. Like if we have another horrible hurricane and many die and have no food or water for a few days, then Obama will be at fault for that, right?
I'll bet most of you will say NO, THAT'S NOT HOW IT WORKS. In other words, the blame game is a one way street!!!!!!!!!!!!!!!
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