Posted on 10/09/2008 12:05:59 PM PDT by pissant
8995. Wow, I'm impressed how well socialism has helped the markets.
Nancy Pelosi's New No Direction Congress
7700 before November.
Gold at 2000/ounce.
Total global breakdown in November.
Anarchy by December.
Mad Max by January.
Road Warrior by February.
Mad Max - Thunderdome by March.
Terminator by April.
Terminator II - Judgement Day by May.
Terminator III - The Rise of the Machines by June.
After that, ZOMBIES!
That's my opinion.
The smart money factored in the bailout and the Fed liquidity injections some time ago. They have been convinced the Fed and Treasury will not let the banking system fail and will use all of their tools to prevent that.
The issue now is Obama. The prevailing wisdom is that he will be in power with a Democrat-controlled Congress, absent some unlikely development.
--much higher government spending
--no significant new drilling or nuclear plants in the US, only expensive, currently very inefficient "alternative" energy.
--government-controlled health care industry
--much higher taxes on the productive, job-creating portion of the economy and welfare payments extending into more of the middle class
--absolutely no prospect for grappling with the coming massive social security shortfall
--suffocating any hope of vouchers or alternative schools, meaning a more leftist-indoctrinated and stupider American workforce
--citizenship for the illegals and a long-term Democrat majority
If McCain's prospects improve, look for a small rebound.
Excuse me, either you forgot your sarcasm tag or you actually believe it patriotic to ignore when YOUR GUY screws you. Which is it?
I paid $2.99 a gallon today.
Thanks, Lord.:-)
>There were plenty of free market approaches to fix this, from the likes of Gingrich, Savage and Forbes, to name a very eclectic group...........
Indeed, so true.
LOL
With chainsaws.
It’s been reported. Just no one really thinks it’s news.
http://www.iht.com/articles/ap/2008/10/07/business/NA-US-Consumer-Credit.php
Margaret Dumont: "Oh, Signor Pastrami...What is the first number?"
Chico Marx: "Number one!"
i think u r right. just imagine what will happen if he is elected.
True, but there was not enough momentum to get them passed.
What I am saying is that had the $700 bailout bill not passed ,and we were working on a free market package; the lack of having something passed would be getting the blame right now for the market problems.
So, the bogus polls reporting a large lead for Obama are also taking down the investment markets. I shutter to think what will happen during an Obama presidency if it comes to that.
S&P just put GM on Creditwatch Negative.
Hell, it shot up 500 the day after the House voted no. Its down well over 1000 since.
Forbes and Gingrich both said they would have ultimately voted for the bailout. They are not to be trusted for anything. The only significant figure who deserves trust in this matter is Ron Paul.
Wow. How is that possible?
Of course, if you list your employer as AIG, that might do it.
Meanwhile, check out oil: http://www.bloomberg.com/markets/commodities/energyprices.html
and Gold:
http://www.bloomberg.com/markets/commodities/cfutures.html
Heck, look at ALL the commodity futures there.
Nice touch.
I had a know it all a couple paygrades above me at work tell me how stupid I was for moving my 401k out of stocks into the safe money market fund a couple weeks ago..
Dow will never seen 10K again under an Obama administration.. I’ll be back in at 6K in 2012.
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