Obama and the Market

Most of the people who appear to know about markets and economics have been saying this all along, and yet "the enlightened" either refuse to believe or think they knew best. The people with money to invest in businesses and the companies which have some value left in their portfolios realize what this administration is doing to the economy and what these failed plans they have will mean for the future of business. Most are either taking what they have left and licking their wounds, or refusing to put more in to the system which on its current course is doomed to failure. Then there are many like myself, too far away from retirement to pull it out, and praying that there is some semblence of recovery in order to recoup the thousands which I have lost in the market.
If I had been smarter I would have taken every penny the day this nimrod got elected and put it in a mason jar buried in the yard, it would have been safer.
Everyday brings a new "stimulus" plan and more threats to the market. He has started down a treacherous road and there is little to no effort at retreat.

So who is to blame for the market falling 3 years ago? Maybe it was the birth of someone. No, wait!! Maybe it was a rainstorm. Better yet, maybe it was because you wasted an extra gallon of water. All I am trying to say is WE need to stop pointing fingers and start doing something positive!!! Remember, when you point a finger at someone there are 3 pointing back at you.

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So who is to blame for the market falling 3 years ago?

The people who you just put in power. Barney Frank resisted regulation of Fanny/Freddy and was having homosexual sex with Herb Moses. Moses came up with the plan to give loans to people who couldn't afford it.

Do you need links?

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Originally posted by Ron Pheixising:

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So who is to blame for the market falling 3 years ago?

The people who you just put in power. Barney Frank resisted regulation of Fanny/Freddy and was having homosexual sex with Herb Moses. Moses came up with the plan to give loans to people who couldn't afford it.

Do you need links?

So you are telling me that the president that was sworn in last month is responsible for the market's decline years ago? That is incredibly stupid!!! I don't need links. i need PROOF!!!

No g, look at the data, despite ups and downs over the past three years, the market as a whole has shown gains. Within the last three months, and especially since this man took office there has been nothing, and I mean nothing but declines. The markts are very skiddish of this type of "stimulus economics" he is talking about and investors are aware that it will bring no good to the economy. They are reacting in this way. I am usually one who tries monthly to invest toward my retirment, but in these conditions it is hard to do that when it appears you are just throwing money in a hole with no hope of getting any of it back.....

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So you are telling me that the president that was sworn in last month is responsible for the market's decline years ago? That is incredibly stupid!!! I don't need links. i need PROOF!!!

No I'm telling you the party that you elected is responsible for this. Obama is only responsible for the damage that the lack of faith in his presidency and his plans created.

Dow Jones under Clinton went from 3300 to 10000. A gain of 300% in 8 years.

Dow Jones under Bush went from 10000 to 8000. A loss of 20% over 8 years.

I'm just sayin'

Yeah, and I'm just sayin'" that when the president gets up and preaches against the "rich" and talks about increasing taxes, and adding more to the debt, it does nothing to stimulate the real economic "thermometer", ie the stocks and financials. When investors know that the current administration does not have their interest at heart, they hold on to their monies or withdraw them.
BTW, you can despise Bush for all you want, but despite his spending and over zealous administration the stock market came back much quicker after 9/11 than many thought it would. Every day the picture under Obama looks bleaker.

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Originally posted by rhenderson007:
Dow Jones under Clinton went from 3300 to 10000. A gain of 300% in 8 years.

Dow Jones under Bush went from 10000 to 8000. A loss of 20% over 8 years.

I'm just sayin'

Yes and since Obama took office it has dropped another 10% not bad for 6 weeks work, He makes GWB look amatuerish.

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Originally posted by Ron Pheixising:

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So you are telling me that the president that was sworn in last month is responsible for the market's decline years ago? That is incredibly stupid!!! I don't need links. i need PROOF!!!

No I'm telling you the party that you elected is responsible for this. Obama is only responsible for the damage that the lack of faith in his presidency and his plans created.

What does the elected party have to do with goods being traded on wall street? I guess they are to blame when milk at your local grocery store does not sell. Is the elected party also responsible for the auto industy's failure to produce viable products? Why not hold the corperations responsible for their failures? Why not hold the lenders responsible for their practice of making bad loans?

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What does the elected party have to do with goods being traded on wall street? I guess they are to blame when milk at your local grocery store does not sell.

Unless, you're speaking of the commodities market, there are no goods sold on Wall St, only stocks and bonds. Stocks and bonds increase or decrease in value partially from the investors believe in a good or back future. And, partially, from the individual corporation's performance.

Due to government interference in the price of milk, it may well not sell, because the price was driven up by such interference.

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Originally posted by just g:

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Originally posted by Ron Pheixising:

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So you are telling me that the president that was sworn in last month is responsible for the market's decline years ago? That is incredibly stupid!!! I don't need links. i need PROOF!!!

No I'm telling you the party that you elected is responsible for this. Obama is only responsible for the damage that the lack of faith in his presidency and his plans created.

What does the elected party have to do with goods being traded on wall street? I guess they are to blame when milk at your local grocery store does not sell. Is the elected party also responsible for the auto industy's failure to produce viable products? Why not hold the corperations responsible for their failures? Why not hold the lenders responsible for their practice of making bad loans?

You just answered your own question, stop and think, then get back to us.

I don't blame anyone else for My problems. If I got a loan for something I could not pay for, ran up my credit card, or made bad investments, it's my fault. The stock market is a calculated risk...and I stress the word risk. The politicians aren't the one's selling or trading your stocks, running these companies you invest in, or giving you stock advice. They aren't the ones setting the prices of the goods you buy every day, so why blame them???

The market is based on the future of business.

All this bailout money has done is create further insecurity about the market. At the same time creating deflation or at minimum deflation, no one seems to know just yet. Basically prolonging the decline of the markets.

The stimulus did nothing for business, just stroking pet projects of our Politicians, causing even more fear of the future. Not actually doing anything about the REAL problems in our economy.

Just digging the hole deeper and Wall Street is responding in kind.

Don't forget, that money has to be paid back, no one seems to want to talk about that.

Cause and effect!

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So you are telling me that the president that was sworn in last month is responsible for the market's decline years ago? That is incredibly stupid!!! I don't need links. i need PROOF!!!

It was the democrats who said that any thing bad in Bush's admin could not have started under Clinton. The one in charge gets the blame. That's the dem's rules.
BTW, The stock market reached its highest point ever under President Bush as well, over 14,000.

It was the democrats who said that any thing bad in Bush's admin could not have started under Clinton. The one in charge gets the blame. That's the dem's rules.
BTW, The stock market reached its highest point ever under President Bush as well, over 14,000.[/QUOTE]

If today 9as reported on the news) the stock market was at it's lowest in 6 1/2 years, then it was lower 1 1/2 years into Bush's first term.

Yep, it was. If you remember , 9/11 caused a few little hiccups.