Posted on 10/10/2008 5:59:50 AM PDT by CHICAGOFARMER
Friends
This morning on Squawk box (financial network), four experts agreed.
Equity talking heads agreed that equity market crash is factoring in the very high potential that Harry Reid, Nancy Pelosi, and Obama will be leading this nation in 28 days.
These Washington boneheads, are idiots. "their words not mine"
This scary development to think the world meltdown in the equity is caused by the election of a democrat congress and president.
Buy bullets.
Chicagofarmer
makes sense.
Not just ANY Dem Pres and Cong, but a decidedly far left-wing one. Remember it was Maxine Waters that just a few months ago stated her wish to nationalize oil companies, and by implication, any other company who's policies or business model she doesn't like. She is not alone in her party on this.
What is even scarier than this market is the prospect of losing personal freedom and choice to a new nanny state, one that even a few election cycles won't be able to undo because history shows you can't take away gov't "benefits" once they are doled out.
So for all you people here thinking of voting for someone other than McCain "on principle," it's time to punt, not walk off the field in disgust.
... and don’t forget the show trials of Bush and Cheney the wacko Left has promised.
I watched CNBC when the House was voting on the bailout bill (the one that failed).
The CNBC commentators were in meltdown. A couple of experts they interviewed and quickly shut down because the interviewees said that the bailout was wrong.
Dylan Rattigan and the other commentators were exhibiting worse behavior than Chris Matthews or Olbermann on MSNBC.
They were anything but professional, the way they were acting.
[I haven’t watched CNBC since.]
Its not like these guys forced their way into govt....they were elected. We get the govt we deserve.
saw that today.
The PANIC in the market is all obama.
The fear is that Obama will win.
keep in mind today it is just 250k that is “rich”
tommorrow it will be 150k, 100k, 75k....
keep in mind a family of four passes the bankruptcy means test for chapter 7 at 68k (per the IRS guidlines)
inteligencia and proletariate.
Democracy is the theory that the common people know what they want, and deserve to get it good and hard.
The hard is coming fast.
DOW opens -46,
-117
-178
{not even 1 minute in to the trading day}
This needs to get more press!
Agreed we are in deep and tax hikes on business - and investments - will kill us.
I am a retiree and concerned about my nest egg, but even more concerned about what will happen if our nation falls under a socialist leadership!
Take Heart!
Remember 8 years ago, when AlGore had it in the bag, but US voters rallied, and AlGore is but a bloated carbon off-setting windbag today.
Remember 4 years ago when Kerry 'reported for duty'.
Today he is also an asterisk in the history of presidential politics.
It was even humorous how Kerry tried to be the demoLeader in the weeks following his failed election.
But he never really had a following, just a bunch of robots pulling the democratic lever, just like they always have.
Now our nation is facing the scary possibility of the most liberal senator becoming POTUS, while Speaker Pelosi and Leader Reid will have majorities that the other party can never overcome.
Investors know how these people think, thus their reaction. Investors know how their failed fiscal understanding means they will continue stealing the people's money. Get Mad Yes!
The best answer is to help the young governor from Alaska to drag her running mate over the finish line in victory come the first Tuesday in November.
I remeber hearing this over a year ago. There were rumblings that if it looked like a RAT was going to win, people would bail before the RATS robbed them.
THE smart people know it is because of a fear of Obama but the dumb people blame Bush/McCain/Republicans....that scares me more than anything!!!
As of yesterday, half of our life savings is gone.
My opinions regarding Obama, if written down here, will have me banned.
Dow down 500 in opening.
“Dow down 500 in opening.”
Serenity now....Serenity now! Ha...not sure if Bush coming on in a few minutes will help but i guess than hiding out in the WH!!
If Obama wins and the Dems get a 60 vote block in the Senate, the investor class inthe US will suffer under the highest capital gains tax burden in the developed world. And the US is no longer a flight to quality investors’ destination.
Offshore funds which are liquidating now will NOT return to the US market if their upside is going to take a hair cut of 13% off the top in capital gains PLUS another haircut for increased corporate taxes as Obama has outlined in a 100+ page financial/tax plan outline on his websites.
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