“To be perfectly honest I can’t say for sure whether Obamaism will work or not, hence the reason for this thread.”
That depends in large part on what you mean by “work.” I think there’s a good chance that it will work for Obama, in that superficially the economy may look better in November 2012 than it did when he took office. But if “looking better” has been accomplished by creating new bubbles and by devaluing the currency, we will be paying a hefty price down the road. In that case, would it be correct to say that Obamaism has “worked”?
“The consensus is with the leadership of the world’s main economies as reported widely by the media. Try looking at the original posting here before opening your cake hole.”
Why the need to be a dick? Nothing in your OP quoted any article, report, or world leader saying that the “consensus is Obama is going to screw the whole world up.” If you’re going to toss unsupported statements out there, you either need to be ready to answer questions about them, or at a minimum, not act like a raging cock when you get a response.
“To be perfectly honest I can’t say for sure whether Obamaism will work or not, hence the reason for this thread. If you think it will, perhaps you can say something constructive by explaining why.”
So, “to be perfectly honest” you don’t know, but you thought you’d go ahead and call his policies irresponsible, and rather than defend that position, you want someone else to prove you wrong? Maybe you should have kept YOUR cake hole shut.
everybody here knows i’m not an obama family fan. but i do think it’s too much credit for one person to take, that he can srew up the entire world. come on, he’s not that good. we do have a system of checks and balances you know, and Americans elected him.
as for the first lady, as an American artisan, i sure would appreciate it if she would refrain from supporting (and thereby promoting) off shore conglomerates like J Crew. if they have such pride in AMerica, why doesn’t she wear Made in America. don’t even get me started.
but the stock market is up, so i’m going to be quiet now (which will no doubt make some on here very happy). LMAO
But in Europe they are genuinely worried about what they feel is Obama’s fiscal irresponsibility screwing them up for generations.
This is Obama’s fiscal irresponsibility? Where have you been for the last 40 years?
The consensus is Obama is going to screw the whole world up. Is that a possibility?
No… it is already screwed up. The real consensus is that there is no way to “fix” it… and all these other countries are pissed because the financial crisis was caused by the US. So Obama is getting the heat because he is the current president.
When the LR threads were full of doom and gloom as the market dipped below 7,000, many people, myself included, started buying.
I am very thankful for all those who once again, panicked when the markets tumbled. It is so predictable I almost feel guilty. Now, people will jump back in having lost out on that huge initial gain.
You really can make great gains if you just don’t listen to all the naysayers. I’m not going to sell with a quick gain because I invest for the long-term but it’s the cyclical pattern of human behavior that is quite amazing to me. People panic when things go down, then wait until the markets go up until they jump back in again, having crystalized their losses. No wonder most people lost money in the markets, they keep repeating the same mistakes.
The markets did not go down because of Obama and are not going up because of Obama, it’s just an economic cycle, as is housing prices, unemployment etc. The only constant is change but I’m glad most don’t get it.
It looks good if you got into the market when it was under 7,000.
I invested a number of years ago and got out as the market hit almost 13,000 since it appeared to be over-heating. I sat on the sidelines for a few months and jumped back in. It’s the first time in 12 years that I sold everything and re-invested, it just seemed to be too good to be true.
As for the future, I think we will have steady growth, particularly after 2009 but may not seen the heating up again for a few years. It takes people a while to forget the bad times but eventually they will.
I have bought in again but with relatively “defensive” stocks, ones that typically perform well when there is a lot of fear in the market (J&J, Altria etc). I also happen to be big on oil stocks, they will eventually go up and the price is low.
“the part about giving money to failed companies and spending more than they make?”
Well those aren’t really items attributable to Pres Obama, are they? The giving money to failed companies part started in the last administration, and the spending more than we have part has been going on for decades (not to mention the fact that his budget office is trying to cut the deficit in half over the next four years).
After watching CNBC’s telecast of the G20 photo op, it seems like Obama really is Mr Magic Man able to charm the under pants off anyone. It wouldn’t surprise me to see the man walk on water. He had Wen Jiabao grinning from ear to ear like a little school girl having just met a Jonas Brother. He was going around patting the other world leaders on the backs and inciting goofy smiles all round.
Now here’s a thought … since all the world leaders seem to be falling for Obamarism; all the major economies are going to do their stimulus packages in synchronization. Yes we may have worldwide inflation. But who cares? Everyone will get their Obama blow job to get their economic engines started and since everyone is getting it, there will be no relative disadvantage. Brilliant!
Except that China does their stimulus packages with real money they have. Wonder how that plays in?
BTW … the stock market jump up, we’re half way through a rebound rally … right on schedule with this bear cycle when taking Oct '08 3 week 3,000 point dive into consideration. We’ll probably have a bit of a retracement from here as a breather then the target will be Dow 10,000. The main bull in financials will likely start later this year.
It’s really happening a little late to be attributing this to an Obama rally. If that were the case we should have had that blow job when he first stepped into the White House.
**This is Obama’s fiscal irresponsibility? Where have you been for the last 40 years? **
No… it is already screwed up. The real consensus is that there is no way to “fix” it… and all these other countries are pissed because the financial crisis was caused by the US. So Obama is getting the heat because he is the current president.
Cut n paste reply to YaHey -
It is what it is. What is done right now is what counts. Fiscal responsibility or irresponsibility and it’s possible ramifications right
here and now at this very crucial juncture are what this thread is about. It’s not about party preference and hardcore political subjectivity.
That’s incredible, but you’d already said it was a “consensus”; what happened to change the opinion of the entire group so quickly?
You do understand what consensus means right? Someone who didn’t know what consensus meant could easily throw the word around where it didn’t belong. I could write, “the consensus is breezethro has the intellectual ability of a chimp”, but since I have no actual sources or data to back that up it would be worthless hyperbole…right?
I invest for the long-term but it’s the cyclical pattern
You hit the nail right on the head. It is a cyclical pattern.
Of course as usual the news reports will dramatize the market movements … G20 Obama rally etc.
I like the short-term, especially in these markets to get that fast compounding machine hammering out the $$$. I buy into the down as when the Dow was going into the 6500 levels and I am now selling into the up market today.
Same as if Gold drops to $8500 or NYMEX to $3.50, I am a buyer.
The market will likely retrace a little from here. Look for the technicals to find likely support and in again. Money I liquidate today will go in again. Likely come down today or Monday but the momentum up from here right now I reckon is very limited. 10,000 on the Dow is the target on this rebound rally.
If I am wrong and it goes all the way back down from here … then I become a longer term investor because I bought into solid investments anyway.
The market is not a beast out to get you. It’s a blessing from which to make free money.
