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Thank you, President Obama. Dow up 500 on 6o min interview.
by StandardDeviation
+2/-1 Reply
nice to be talked to by an adult.
Re: Thank you, President Obama. Dow up 500 on 6o min interview.
by JackDallas

It sure as hell is not due to anything that fucking moron has done. The market does what it wants to do....in spite of who is in the White House.

Jack

you are absolutely right.
by StandardDeviation
but do you think I'm going to pass up a chance to give him the credit when the bums will just as quickly give him the blame when it goes down? no fucking way, jack. ain't happenin.
Re: you are absolutely right.
by JackDallas

Then they are ignorant of how the stock market works. When stock prices fall far enough to be considered bargains...the index begins to go up. This recent upward trend may or may not mean that the bear has gone into his cave and the bull is snorting.

As long as enough people believe that stocks are cheap at current levels, the market will advance. There will be the inevitable profit taking and the market will drop periodically until the process begins again. This market is moving up now in spite of Obama, not because of him.

Jack

ewwwww! sooooo close! nice, nice try. so close.
by StandardDeviation
you were on a roll, riffin that market crap you read on the back page of the nra journal but then, ah ya just couldn't help yerself, then ya came to that last sentence and yer little beady eyes went all bloodshot and ya blew it. damn, there for a fleeting second I thought you were gonna get a whole (semi) intelligent thought out. gosh that was breathtaking. better luck next time.
Re: ewwwww! sooooo close! nice, nice try. so close.
by JackDallas

That's the best you can do? You're kind of a silly fucker, aren't you?

Jack

Re: Thank you, President Obama. Dow up 500 on 6o min interview.
by run75441

Standard:

Did you ever think of why they are happy and clapping at the close of the market today??? They are happu because you and I are financing their little party again and thy don't have to pay cent one for trash for cash. Heads they win and tails the taxpayer loses.

Re: Thank you, President Obama. Dow up 500 on 6o min interview.
by JanZ

+1

Oh, you know, as usual there's some truth in what you say.
by StandardDeviation
the other side of that coin is my 401k went up yesterday and my business will be able to finance operations (yes we borrow money to operate, we don't run on a cash basis) and perhaps some of the euphoria will spill over to Obama being able to do some other, more meaningful things. look, nobody gets out of this with his scalp. nobody. and the idea that there's a way to do it without a haircut is pure bs.
no, not usually but when I talk to you it seems the only
by StandardDeviation
language you understand.
There is total truth and reality is what I say . . .
by run75441

standard:

Other than the secretaries of W$ and the janitors, who has taken an "automotive haircut" on W$??? They are still rolling, the 2000 Commodity Trade Futures Moderization act is still law, and W$ is still getting bonuses while it will be years before you recoup your 401K.

A momentary high from sniffing glue, that is what you got out of this. The 100% financing of AIG, Goldman Sachs, Merrill Lynch, JP Morgan, Citi, Smith Barney, foreign investors, etc will continue with AIG being the conduit for taxpayer's $. At the end of the party when the "cheque" comes to the table; those very same speculators who took W$ cliff diving using your investments will look to you to pick it up and, and . . .

Be Thankful For It.

I am not thankful to pay for W$ greed and I sure as hell didn't need a haircut. My salary has not grown in leaps and bounds due to speculative ventures using other people's money. My salary, as well as most other Americans, has (may have) kept up with inflation over the last 8 years and we were cautious with our investments and with our earnings. Most of our retirements have disappeared and many of us have lost our jobs and now our homes are threatened. And W$ claps with their manicured hands at our continued financing of their greed and lust? That is arrogance.

Looting the populace and the beggars of mainstreet to sustain them is what this is, with no guarantee of getting back the investment, and a for sure guarantee of picking up the tab. The cheque will come and you and I will be expected to pick it up. They will expected to be tipped also! So add 20% to the cheque.

Seems only fair
by Horus

..that if Obama's polices caused the Dow to fall, and that was "his fault," that it's rise is to his credit and a result of effective policies on his part.

I mean, if you take the Dow as an indicator of Presidential success or failure.

+1! (But as I understand it, don't they have to pay
by tartuffe

up to cent 15 on the dollar, actually? I.e., gov't guarantees 85%, so they can only lose if a "toxic asset" they buy subsequently falls >15% in market price?)

And hey, who WOULDN'T invest on such terms if you had any disposable income, eh? 'Cept us mere peons aren't allowed. That deal's only for the Masters of the Universe.

Re: Thank you, President Obama. Dow up 500 on 6o min interview.
by LaurieAnnM
run75441:

Standard:

Did you ever think of why they are happy and clapping at the close of the market today??? They are happu because you and I are financing their little party again and thy don't have to pay cent one for trash for cash. Heads they win and tails the taxpayer loses.

exactly.and inflation will go through the roof in a year or so.people should hold on to their cash and assets and not borrow no matter what they offer now in loans and credit.

The main problem with this post
by Sawbones
is that those who were trying to pin the stock market's fall on the president seem to have vanished from the board (read: CD and related knuckleheads). We seem to have been relieved of one particularly virulent strain of stupid - do we really need to make an active effort to fill the vacuum?
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