DJIA is at a 6 year low, about 2,200 points below election night. At what point do you Obama apologists admit that the market is convinced he and his cronies in Congress and Treasury are in over their heads and just floundering around. Let me guess he is waiting till it gets to 6,000 and then when it recovers to 7,000 he will declare victory!
the Hope, Believe, and Change express is getting rather costly!!!
Why do you hate freedom?
I actually believe the best line I’ve heard so far was from one of the CNBC guys –
…something to the extent of: So, if I’m an absolutley complete moron - I get additional assistance??
Ron
A different take on it that I heard this morning on the radio:
Something like: So what does it make me, if I have been a responsible home purchaser who pays his monthly mortgage on time and did not purchase more house than I would ever be able to afford?
It makes you: ineligible for government assistance. Or to use a different word, it makes you ineligible for any kind of benefit.
At what point do you Obama apologists admit that the market is convinced he and his cronies in Congress and Treasury are in over their heads and just floundering around.
Since I found out just how insane the amount of financial fraud was/is in this mess I’ve been saying that there is no way to fix it… we are screwed… for many years to come. Short the market. Is that an apology?
DJIA is at a 6 year low, about 2,200 points below election night. At what point do you Obama apologists admit that the market is convinced he and his cronies in Congress and Treasury are in over their heads and just floundering around. Let me guess he is waiting till it gets to 6,000 and then when it recovers to 7,000 he will declare victory!
the Hope, Believe, and Change express is getting rather costly!!!
You keep repeating this like Obama is somehow responsible for all the bad ecnomic things that happened between the day he was elected, and the day he took office. Somehow in your mind, Obama owns those 2+ months, despite not being in charge and not responsible for the moves the treasury and others made in those two months.
The reality is that the market was closed around 7949 the day Obama took office, and is now 7465, about a 500 point drop. It’s been as high as 8375 since he’s been in office, so I suppose you could blame him for a 900 point drop from there, if you want.
Of course, we had a market at nearly 14,000 not long ago – and somehow that managed to drop by nearly 50% by the time Obama took office. I’m sure that was his fault, as well…
One word: Buy.
The average of the DJIA for 1961 was 691.55, why aren’t we giving Obama the credit he is due. Overseeing over 1000% growth since he emerged from the womb!
Its not quite time to buy, 6000 is the gonna be the low, we are not there yet.
Low enough for me - I tend to believe that market timing doesn’t have to be perfect, just good enough. As of half an hour ago, I just maxed out my Roth IRA contribution.
That’s not to say that I didn’t swallow hard when I hit the “submit” button.
pete its like this… The clown in the big white house keeps saying how bad things are and that we need these economic packages and also need the government to save the day. The markets know better than that and discount the impact of any stimulus program being proposed. so at best the stimulus plan is useless, while at worse the spending is a tremendous waste of money and puts us even further in debt. SO what you are left with is the leader of the free world continuosuly ranting about the economic demise. Is he trying to talk his way into a self fulfilling depression? some leadership…
“The markets know better”
If this is the case, what are you worried about?
As a previous post mentioned, Obama has seen the market drop about 10 percent since he was elected. Bush saw it drop like 50% in 2 years, then go up 100% over 5 years, then drop 50% in one year, so the markets basically made no money under 8 years of Bush. Maybe it will be worse under 4-8 years of Obama, maybe not.
This is hopefully not too difficult to understand, but the stimulus package is only one component for the economic recovery. Short of giving the money directly to corporations so their stock price can artificially jump, the stimuluous package by itself will not solve the markets woes.
Also, you probably already know this since you’ve been tracking what went wrong over the past 8 years, but asset values were artificially over priced. The market is over correcting.
More importantly, I would not put much emphasis in th DJIA - its only 30 companies? There are 100,000 companies in America that while not growing are surviving.
If you listened to Obama’s Q&A session on the stimulus plan, you’d also know that he has several other measures that will follow behind this one.
Unbelieveable.
oh yes barry…believe it! By the way what is the market value of a marginal running coach who spends way too much time on an internet chat room? just curious 
DJIA is at a 6 year low, about 2,200 points below election night. At what point do you Obama apologists admit that the market is convinced he and his cronies in Congress and Treasury are in over their heads and just floundering around. Let me guess he is waiting till it gets to 6,000 and then when it recovers to 7,000 he will declare victory!
the Hope, Believe, and Change express is getting rather costly!!!
No, he is going to say “mission accomplished”
I have to admit, I am a bit bewildered why folks seem to think that one day you will wake up and everything is going to be better. This is going to take a long time.
M,
Bush said it would be a long hard fight against terror, yet most on the left “who agreed” at first decided to make it a political football and have been blaming him for every ill of society. Now, they are doing it again, using a recession and crisis to push their political agenda.
Think about it…with govt officials suggesting nationalization of banks, who in their right mind would buy a bank stock? Govt is a big part of the problem.
But yes, we can agree, it will take a while for us to climb out of this. I am sure Obama will be given every opportunity to be successful; the media will make sure of this.
This is going to take a long time.
Are you saying the DOW is not going to jump 8000 points in one day in the next couple of weeks? I’m shocked… shocked, I tell you.
Yeah sorry Steve. I knew that info would hit you hard.
Thank you for your contributions. This makes you elegible to pay even more taxes and yes, you are a true patriot.