Posted on 01/15/2016 2:37:37 PM PST by Signalman
Edited on 01/15/2016 4:12:48 PM PST by Admin Moderator. [history]
The market freakout of 2016 keeps getting scarier. Cheap oil and China remain the major culprits. The Dow dropped another 391 points on Friday, leaving the index down an incredible 1,437 points in just the first two weeks of the year. The S&P 500 lost 2.3% and the Nasdaq plunged 2.7% to its lowest level since October 2014.
If the media were treating Obama and his administration like they did with GWB back in 2007-08, the markets would be crapping the bed a lot more than they are now. So much artificial propping up being done with this economy.
Let me correct the language in that apparent political deflection.
White House spokesman Josh NotsoEarnest said on Friday, officials are or should be closely watching the US Economy and it's impact on the US and global markets.
I’m not too worried about my retirement account. What retirement I did have was used to cover my family’s bills when I got laid off during the Obama recession.
How can this be. Dear Leader told us the economy is robust. We are safer now than we ever have been from ISIS. He is taking all the guns from those bad bitter clinger people so we won’t be shot in movie theaters watching Star Wars.
Good old President Fumblebutt.
Boldly spitting-out that everything is fine as the economy and Iran rub his face in dog crap.
“If you like your doctor, you can keep your doctor” -President Obama, 6/6/09
“We’re vigilant, we take precautions. To those who want to harm us, our actions have shown that we have too much resolve and too much character. Americans will not be terrorized.” —President Obama, 11/24/15
“The United States of America, right now, has the strongest, most durable economy in the world.” —President Barack Obama, State of the Union Speech, 1/13/16
“RETAIL COLLAPSE
WALMART TO SHUT 100s OF STORES
STOCKS DIVE DEEPER” —Drudge Report, 1/15/16
What happened? Did the government run out of fake money to prop up the fake market?
When fear grips the market it will be trading at a much lower P/E ration than present and bouncing along the bottom with no indication of an uptrend.
>>>What happened? Did the government run out of fake money to prop up the fake market?<<<
The copy machines simply ran out of toner . . . relax, things will be normal as soon as they are refilled.
The bills are coming due.
"But what if the 'long haul' was a trip on the Titanic?"
White House Paid Liar and Progressive Pimp said that it was all Bush’s fault and that His Arrogance was still struggling to fix the mess he inherited.
“The market freakout of 2016 keeps getting scarier.”
I have a 70s song for this...
https://www.youtube.com/watch?v=h1qQ1SKNlgY
What the Worst First Week of Trading In History Tells us About the Year to Come
9JAN2015
https://www.youtube.com/watch?v=0YV3v9TDdz0
Dow Down Nearly 400 Again and Nearly 1,500 Points This Year While Obama Claims Economy Is Great
14JAN2015
https://www.youtube.com/watch?v=Iqi0YSIfzHo
The Jubilee Will See Gold and Silver Soar and Markets Crash in 2016 - TDV Interview Series Bo Polny
https://www.youtube.com/watch?v=9Ylj0aoY0Eg
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