Posted on 10/22/2008 12:38:35 PM PDT by tatown
DOW currently down 561 points.
More so that the economy is facing reality.
Yawwwwwn. It will recover tomorrow. No big deal.
Thanks to Drudge blasting the Zogby polls showing Obama UP 10 points.
-620.......
Great, another -700+ day.
Our economy is scared to death of a socialist President.
Gold down big time too...
So’s oil.
Looks more like the dollar is up.
The WSJ reported that Obama was up 10 points on their front page; hence naturally the stock market droped.
The dollar continues it’s northward climb...
I thought they bailed us out...
Maybe they need to bail some more?
I think another 700 billion freebucks will help...
Your job exporting deficit trade deals at work.
MAKE HERE, MAKE NOW.
"Our economy is scared to death of a socialist President."
Whew! Good thing we spent some $700 BILLION (+earmarks) to save them Wall Street fat-cat hides, or else this economy would be in trouble.
I hope and pray to GOD that this doesn't become a self fulfilling prophecy.
If the GOP rises in the polls, there is a late day drop in the Dow, the democrats just can’t stand it.
The economy must suffer so Obama can win.
Simple - People getting out before the election should BO become president. They can get back in after the election but it pays to get out now.
You can thank your friendly Obama sycophant media for this precipitous drop ... business is not looking forward to the next four years as envisioned by the media worshipping the little Marxist squirrel. Capitalism doeswn’t fair well in Marxist onslaught from within. Charles Schumer pushed the first domino over with his airing of the coming failure of Indymac bank ... it would fail but had several months of struggle in which to try and save itself had the democrap Schumer not made media news which caused an immediate run on the bank. Shcumer is the one who started the dmeocrat stealth financial failure in motion. The media, of course, will not expose that for the electorate to see the truth.
I don’t think that is unreasonable to think.
I believe we are in a blackmail scenario. Vote for Barack or “we” will tank the economy.
Buffet and Soros only scratch the surface of super wealthy that hate Republicans and Palinites. Little has been made of how the super rich have rallied to the Obama campaign long ago more than any previous democratic candidate. For some reason this is not highly rated by the media.
The candidate that raised half a billion dollars in campaign cash is still taking in huge sums despite the stock market collapse. He has huge moneymakers behind him.
They do have the power to disrupt the market. The DOJ is investigating about 30 businesses for this possible activity but I doubt it will amount to anything.
What I meant to say is it will bounce back once McCain and Palin are elected into office!
No, no, no...... The market didn't NOSEDIVE until after noon when the AP poll came out showing McCain and Obama virtually tied. (Just getting ahead of the MSM for this evening's newscasts). Obviously, the market is scared to death of a McCain win..... /s
Since the SEC repealed the uptick rule, shorts can do whatever they waant to drive down a stock. Chris Cox is completely corrupt.
zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
I suppose this seals the deal for Obama. Job losses, manufacturing orders, DJIA...it all adds up to a landslide for what is going to be four and possibly eight years of socialistic hell. Thanks to you, George W. Bush!!!!
The stock market is merely anticipating the economic effects of the victory of Obama and the mega-crooks of the democrat Congress.
There’s a new Bailout on the horizon, so stocks are down.
Earnings reports from yesterday are driving it.
Well, which is it? We are contantly led to believe that the polls are wrong and that McCain will win, yet you are saying that the market is anticipating an Obama win.
Don't forget Don Paulson and Capo Bernanke.
Seeing it this low pisses me off. It’s like there’s a brand new chainsaw some widow is selling at a tag sale for $5, and i only have $2. I want to be able to buy more at these bargain basement prices!
This is due to the polling that distorts reality for osamabama... the media is talking down the markets by talking up hussein.
LLS
Buying time!
Not content with merely "talking down" the economy to help our National Socialist Party (as the media does every 4 years), this time they are pulling out all the stops.
The daily crash & burn we are seeing in the market has absolutely nothing to do with "people", i.e. small investors, selling in panic. It has everything to do with the big Wall Street firms, foreign investors, etc. manipulating the market for their own gain and for America's demise.
Barack Hussein O'Bongo is just the puppet, much like FDR (our last National Socialist president) - look for who pulls the strings.
I actually also have a counter- conspiracy theory which is that Bush and others realized that the best way for the US to get back at its enemies was to trash the American economy.
As bad as it sounds, it would have as a side effect the suppression of oil and gas prices. It would devastate high income earners first and American would recover faster and better than all foreign economies.
Low oil prices devastate Russian, Iran and many other evil governments. Slow US economy ravages the Chinese economy.
Sometimes giving people what they want is the perfect medicine. I also count this as a possibility. I think investors have been trying to crush the US economy for about 6 months. I think the Russian invasion of Georgia was part of the global concert. Russia hoped it would jack up oil prices.
Low gas prices are one nice positive side effect of this whole affair.
Or perhaps the double whammy of the WSJ and Rush confiding a conversation with a business friend who said his board has asked him to plan for implementation of big lay offs. The same person said his bank wouldn’t loan him money because they thought his sales would decline 20% with an Obama Presidency.
Business is apparently extremely afraid of an Obama economy destroying tax cut and other crippling regulation
One wonders if Barney Frank is piling on to scare people out of an Obama win that he sees as a negative for his party
My Vanguard 501k quarterly earnings statement (all stocks) arrived yesterday.
I was expecting bad news but came out ahead, just not as much as usual.
The little gamblers on Wall Street seem a bit agitatited.
If they think things are bad now, they should consider what will happen if Obama wins the election - AND CUT OUT THE CRAP with this stuff!!!!
Another benefit of trashing the US economy is that it actually does attract foreign capital as other investment economies suffer more than ours. That leads to a capital flight toward America because we remain the most stable alternative.
Other economies cannot survive a weak US economy.
My financial advisor said he expects the Dow to bottom out at 7500+/-. Of course, what does he know?!
What the hell did they think the damn earnings reports were gonna say?
Why invest if Obama is going to take your fains ans “spread” them around?
Relax.........500 is the new 100......:-)
Well...I heard Rush say that today, also....YESTERDAY, I went shopping.....at COSTCO....staples kind of stuff....figuring if there’s an Obama Pres....costs will go up....and even if there is NOT....costs are going to go up (INFLATION) because of how the Democrats have SCREWED us with this financial coup.
I’ve been out of the market for awhile. My brother is a banker and he’s been telling me the credit crash was coming for more than a year. When the DOW dropped below 9000, I put a portion back in. If it goes below 7000, I’m buying more.
I won’t go all in until I see who’s the next president.
This market is going to be a huge gift for somebody.
I really can’t remember. I was with Fidelity and when we switched to Vanguard a couple years ago I used my wife’s method of picking horses: I chose some at random that looked good.
`Drunks and fools’, huh?
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