0bama and the RATS should be patting themselves on the back for this one...
Posted on 11/20/2008 4:08:40 PM PST by BlackVeil
Next stop, 7000. All aboard!
And spread the wealth guy is going to be able to say he inherited Dow 7500 or whatever when he takes office.
He doesn’t get blamed at all for the leadup.
what was the joke about the Russians and perestroika? We are standing at an abyss and about to take a giant step forward.
So...how do you blame that on the O?
0bama and the RATS should be patting themselves on the back for this one...
This cogent analysis assures me that we will be able to come up with the solution when Republicans are once again given the reins to the government.
/sarc
They are certainly falling in Australia. And major problems with banks - meeting with sinking companies to "discuss" their loans. The figures are enormous.
The lower the market goes, the stronger his case will be for regulations and sweeping new policies. All of which will of course make things much, much worse.
Sellers are saying they are reacting to O’s planned new burdens on business and high earners. O’s had no problem playing President up ‘till now; he can move the markets either way depending on his tax/spend plans. This is very much his market.
“People are looking for light at the end of the tunnel and people don’t see anything,” said Giri Cherukuri, head trader at OakBrook Investments LLC in Lisle, Illinois.”
True. A lot of it is emotional. Caused by uncertainty in Washington. Then the raising of expectations, like with the Auto co loans, when stopped by Pelosi, fueled the down turn.
How in the world can they return to profitability when the Democrat plan is to siphon any profitability to the unions and ecos?
Well, for me... I’m starting to buy in. There are some *epic* bargains out there. Even if they continue to decline for a while, ten years from now they’ll be looking pretty good.
Envision the market in Summer 2012, in the doldrums, dropping over the next 4 years from 7000 to 6000 to 4000... when Palin/Jindal appear to be headed for a landslide. IMHO there would be quite a market anticipational SURGE, back up to what it was at least a few months ago. Of course, THEN the 'Rats will say its The One in office responsible, but that is only to be expected of 'em.
-——> Obvious question: Is this a reaction to NObama getting elected?
This is true. The worse things get, the more power the left will have.
However, markets don’t run on theory or on politics, and there’s nothing about Obama that makes people think their money is going to grow or even hold its own. So I’m not really sure what can be done now.
I blame it all on Obama and the dems. Every bit.
It can only return if the dem's are stifled politically and the stifling is perceived as permanent.
A long row to hoe....
Yeah ..the shoot off your face to spite your nose crowd.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.