you had me haha
Yeah, I see Circuit City and it’s employees joined the festivities today, as did the U.S. Postal Service!!
welcome to the obamaconomy
He did say he’d fix the economy.
It looks like it’s “fixed”, alright.
My two cents: Economy will take 2-3 quarters to improve, the stock market will anticipate that by 4 or 5 months and begin to go up. Obama will look at this as an affirmation of his ideas, and will enact his policies of higher tax, no new domestic oil, taking over the health care system, etc. etc. The market will start to react and head back down.
All of us need to use every opportunity to educate the public that the economy was fine until the Democrats took control of congress the last 2 years of Bush’s administration.
I think we will break through last week’s lows.
I don’t know if it’s 0bama’s influence or not, but there is some really serious selling pressure going on in the stock market at present. The financials are getting hammered, and with all the stimulus being pumped into the banks, you have to wonder, where are these banks going to be making money “going forward”? (to use an irritating phrase from that list the other day) Generally, the market is NOT going to rally without the financials.
I don’t think this is any kind of three-month deal. Everything I look at points to a long and pretty deep recession. IMO, 2009 will absolutely utterly suck. Disclosure: I’m a pessimist, in case that wasn’t clear. IMO, we are at the front edge of this “downturn”.
Dow & gold cross. Could happen..
BenLurkin
Thanks for the Obamuhgabe economic rally news, I guess. ;)
I shouldn’t be laughing, my 401 is hurting something awful.
Goes downhill pickin' up speed as it goes.
I like how nobody is mentioning the “Obama Effect” as the stockmarket loses nearly 1000 points since election day...
Reuters: Wall Street slides on economic, profit worry...
Now if the stock market were up 1000 points they would be tripping over themselves to give credit to the Obamunist in chief.
Down another 215 at the moment.
bkmk
Thanks for posting this and the ping.
Below is a course of action that conservatives can take this month and in December to welcome the tax and spend Obamac0ns:
We have a few things that will probably quit working soon like a 20 year plus tv, 13 year old microwave. I have some fly reels over 10 years of age and some fly lines that are a few years old.
So I will probably be negotiating to purchase these items before the year ends.
Pre and Post Christmas sales should be great for our side.
So I think that we will buy some off those items before after Christmas.
In fact any real good buys will be probably bought this month/November so the taxes don’t come in January 2009.
That way Zero, Pelosi, Reid and Barney Frank will not benefit from those purchases.
Check my tagline.