Posted on 11/07/2008 5:04:07 AM PST by Jabrown
The last two days since the election have seen a 10% drop in the US stock markets based partially upon a bad retail sales report, but despite a 1.5 point drop in British interest rates. Although retail sales fell, there was no injection of news that was entirely unexpected that would cause such a drop to occur. The fact is that investors have now realized the reality of...
(Excerpt) Read more at politicallydrunk.blogspot.com ...
Not to worry
The democrats now have free reign to prove their trickle up theory
Shovel loads of money to the nontaxpayers and that wealth will trickle up to Wall Street
GOP needs to vote “present” and let this happen
Futures were up last time I checked. Whether it will maintain an advance is the question. It wont go straight down of course but how can obama’s stated policies push it to trend any other way?
We are so screwed
What’s the best stock market (long term (10+ years) and short term (2 years - 1 week - daily) web site for graphics?
I tried a few yesterday to see the train - car crash, but none were very good.
Richard Russell’s comments yesterday on Dow Theory Letters:
“However, on a strict Dow Theory interpretation nothing has been proven so far, and we are still in a primary bear market. For an orthodox Dow Theory reversal of the bear trend, we would have to see the Industrials and Transports decline to recent lows (Dow to 8175.77, Transports to 3364.98) with one of the two Averages not confirming a new low recorded by the other. Following such action, the two Averages should then advance to new highs above the November 4 highs (Dow 9625.29, Transports 4071.81). That series would confirm that the primary trend had turned from bear to bull.”
Higher prices, higher interest rates, higher unemployment to follow...
Our newly elected side is going to be busy trying to make things ‘fair’ while our ‘friends’ and enemies abroad are going full tilt at shifting the center of gravity to their advantage. We are going to see challenges coming at us from sources that wouldn't dared to have confront Dubya in such a bold fashion.
Anyone of these challenges, if left unanswered or unpunished, it will simply raise the stakes of game.
It’s called the “Obama Dump”
Unlike the Reagan Bump.
They can't.
Under Jimmy Carter, or the previous Obama presidency, the economy just kept going down, down, down. By the end of his term, inflation was at 12%, unemployment at 8%, and interest rates at 18%. At least that's the way I remember it.
I use to use http://finance.yahoo.com/ which is not bad. It has real time quotes, interactive graphs, and a lot of links to company specific financials.
Lately I've been using Google Finance which has much the same information but in a cleaner page layout (at least for me). I also find the interactive charts load faster (although they don't offer as many graphing options).
Both offer real time quotes which are updated automatically on the displayed web page. That to me is the best feature. Both sites are also free and don't require an account, although with a website account they then provide you the ability to track your own list of stocks.
Say hello to Misery Index 2.0. It will be a lot like the original misery index, except that this time we can watch the action in realtime on our computers. Oh joy!
Don’t forget about the gas rations.
Please, please take that offensive apostrophe out of your headline. It hurts.
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