Posted on 03/03/2009 12:57:37 PM PST by Michael Eden
Edited on 03/03/2009 2:18:02 PM PST by Admin Moderator. [history]
More than anything, the stock market is an indicator of FUTURE economic health. Trying to blame a bad stock market on Bush is fundamentally wrong.
1388?
It doesn’t take a genius to know that socialism hurts the markets. Kudos to Dick for sounding the alarm, but this is pretty basic economics.
bump
but he lost me when he said definitively that hillary would win the nomination and the presidency. this guy is rarely right.
I googled Dow and March 2008 to find my number. Yes. It was at 1388 in March, 2008.
If Dick Morris were trying to sell me a car, I wouldn’t buy it.
And, yeah, he’s certainly been wrong.
But read that quote again, turn on the TV or read a newspaper or something, and you will see that his prediction of an Obama presidency was spot on.
The One to the country:
“Tank you very much.”
March 2008 high point for the DJIA (Dow Jones Industrial Average) was 12,532 on March 25th.
OK Great Dick Morris gets another of his 1001 predictions right. I really don’t look on Morris as the Great Seer of the Right. He makes volumes and volumes of predictions— and just by the sheer volume of verbiage, some of it has to be correct. He is entertaining though.
we all know a broken clock is right twice a day. is it really that hard to figure out that wall street does not like democrats in the white house? ESPECIALLY when they have a democrat congress as well?
this was an easy call. i prefer morris when he bashes the clintons. it's classic.
Check again, you are wrong. Did the Dow go up since then? Think about it.
Couldn’t have been thirteen hundred something. It would have to have been thirteen thousand something.
The DJIA was nowhere near 1388 in March 2008. It peaked at 12,548.64 on 3/24/08 and bottomed at 11,740.15 on 3/10/08. I think you mean the S&P 500, which was in the 1300s during that time, but on no day did it peak or close at 1388.
http://www.google.com/finance/historical?cid=626307&startdate=3%2F1%2F08&enddate=3%2F31%2F08
All I can tell you is that I went to an article like this one (not sure if it’s the same), looked at the chart, and read to confirm.
http://usindexweekly.blogspot.com/2008/03/s-dow-weekly-22nd-march-2008.html
I tried to get accurate info without devoting my life to the pursuit of what is actually a rather niggling detail in a story.
But say you’re right. Say it was 12,532. Explain to me how that somehow changes everything.
Morris didn't take into account the ACORN fraud factor. Hilary would have won the democratic nomination if not for that.
NOW I see why this is a big deal; I was on autopilot when I wrote this, saw a number on the chart and misinterpreted it (i.e. 1388 as 13,388).
Another fellow corrected me with the actual figure. I’ll apologize to him and go with his number.
I very much stand corrected. Someone else stated it in a way that made me slap my forehead.
I looked at the chart and saw “1388” but in my rush I interpolated it as “13388.”
NOW I understand why that little detail matters. Thank you for pointing it out.
I thought about it, and you are right.
I saw a chart that had “1388” and interpolated it as “13388.”
My bad. Someone else gave the number in the high 12000s.
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