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re: Dow Jones At 6763 .. Obama Time Is Gaining Momentum
Posted on 3/2/09 at 2:34 pm to Dallas Tiger
Posted on 3/2/09 at 2:34 pm to Dallas Tiger
The market didn't drop down this low on W's watch. Anybody that knows about the stock market knows the price reflects expectations. Since Obama has been in office expectations have dropped.
This post was edited on 3/2/09 at 2:43 pm
5
Posted on 3/2/09 at 2:36 pm to Lil Br Tiga
quote:
There are some overreacting mofo's up in this thread. The shite will bounce back. It always does
Its been steadily going down for a year now, no bouncing yet.
Posted on 3/2/09 at 2:37 pm to Lil Br Tiga
+100000000000
Obama a One and Done President.
Obama a One and Done President.
Posted on 3/2/09 at 2:47 pm to Lil Br Tiga
quote:
Anybody that knows about the stock market knows the price reflects expectations. Since Obama has been in office expectations have dropped.
That's the kind of financial analysis I can rely on.
Posted on 3/2/09 at 3:10 pm to Lil Br Tiga
quote:
The market didn't drop down this low on W's watch
Yes it did. Drpped about 29% from Oct to jan. 20. Has dropped about 15% since jan 20.
quote:
Anybody that knows about the stock market knows the price reflects expectations.
I expect it to be bad for some time. So yes, the stock market should be going down.
quote:
Since Obama has been in office expectations have dropped.
I think its a continuation of the last 6 months and really the last 18 months.
The fact is, the credit markets have loosened somewhat since Obama took over. This is more important than the stock market right now. And somsumer spending was up last month. I think that is a blip but still better than down.
Posted on 3/2/09 at 3:43 pm to Lil Br Tiga
quote:
The market didn't drop down this low on W's watch.
Seriously?
It didn't drop to 6700, but the percentage drop was greater. I didn't blame W for that and I don't blame Obama for this.
The market needs to wash out the fact that individuals lied about incomes, mortgage brokers knew it and accepted it and sold it to institutions that knew it was garbage and still packaged it and sold it to brokers who knew they could sell it to investors who wanted great returns with little risk.
Presidents have no control over that kind of reckless behavior and the market will continue to burn until all this shite washes out period.
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