Posted on 03/05/2009 11:16:30 AM PST by rightinthemiddle
Wall Street has soured on the new Administration's policy moves. Can this relationship be saved?
At least on Wall Street, the honeymoon is over for President Barack Obama.
Polls still show the President has strong popularity among the general U.S. population, and Obama continues to command power in Congress. But among investors, fairly or unfairly, there is griping that the new Obama Administration is at least partly to blame for the recent slide in stocks. Since Nov. 4, Election Day, the broad Standard & Poor's 500-stock index is off about 25%, and since Jan. 20, when Obama took office, the "500" is down 15%.
It's never easy to determine exactly why the stock market moves in a particular direction. Plenty of other factors have influenced stock prices since November. For example, the global economy has slowed further and the outlook for corporate profits has worsened.
But BusinessWeek interviewed a wide array of investment professionals, and many said the first six weeks of the Obama Administration have soured their outlook on the stock market.
(Excerpt) Read more at businessweek.com ...
But when Dear Leader nationalizes the Auto industry and banks and media we’ll all be rich!
The beauty is that we Freepers knew what a fascist loser The One was last year and cashed-out. The ones losing everything now are those who believed in hopeandchange and have lost everything. Darwin rules! LOL!
What we saw during this period was the raising of the curtain and the scene shown is the collapse of American industry operating without a future. Wall Street financiers can no longer see a way out of the schemes they fashioned to create wealth out of nothing with multimillion salaries and bonuses to boot.
It’s like the Wizard of Oz finally admitting that he was not a wizard and return to reality. The reality is we are not going nowhere, nohow until we become a producing economy instead of a consuming economy. The Gore-Gingrich 3rd Wave Information Economy is now producing the information that the Industry economy is the abandoned, now rusted engine of our past success.
He wants to destroy the “investor class” to ensure future power for the Socialist Democrats.
Precisely
He will come out and say the markets are far far too RISKY and we should all put our money into Social Security.
Socialist klpetocracy Argentina took citizens (SERFs) private pensions recently.
With an average daily decline in the DJIA since Barry was elected at 33.35 points, if they don't figure it out soon, they'll be nothing left in the old girl.
If this rate of decline continues (and so far it's showing no sign of slowing), the market would be at 935 on or about Oct. 1st.
Impossible you say? Let's hope so!
Not all of us cashed out of our 401Ks.
Yet where were all these financial and business leaders during the campaign?
Many of them (particularly the financial sector) dontated heavily to Obama - no doubt in an effort to curry favor.
He got twins up in his head.
I realize many did not have the option. But take heart. Pelosi is reportedly crafting legislation for the government to take your 401K and "invest it" for you.
I thought the market started tanking when it became clear that H! was toast.
Soon, many average people with 401Ks will be forced to concede what is left to the government.
We are witnessing the destruction of capitalism, by design.
Can all Democrats in the Congress buy into this? Republicans should be raising hell.
Nice graphic but is in much need to be updated.
Yup. “Wall Street” and many corporate CEOs put Obama in office.
They thought they could buy his cooperation. Obama was born and bred to bring Marxism to this country.
Nobody but us chickens believed it.
At negative rates, like my Social Security?
Joe Biden’s “generated crisis” ?
Are they THAT stupid in New York?
The fall began in mid-July with Zero's nomination - when it was still well above 13,000. (Pelosi ALREADY had driven it down from 14,500 with HER no-drill/continuous oil crisis/global warming hype that gave us $4.00 per gallon gasoline!).
The fall accelerated in September and October when the DEMOCRATS demanded that Bush panic and create immediate “bailouts” of incompetent companies.
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