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re: Dow Jones At 6763 .. Obama Time Is Gaining Momentum
Posted on 3/2/09 at 3:43 pm to Lil Br Tiga
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.
1
Posted on 3/2/09 at 4:10 pm to Pierre
quote:
I didn't blame W for that and I don't blame Obama for this.
how do you not?
its not a coincidence that after Obama passed his stimulus bill and gave his state of the union speech that the market has been tanking. all these things are factored into the market. It seems like the market is telling us that this shite is not going to work.
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