Posted on 07/07/2009 8:02:16 AM PDT by moose2004
Stocks fell Tuesday amid growing doubts about the economic recovery. There were some pockets of gains in the tech, banking and pharmaceutical sectors.
(Excerpt) Read more at cnbc.com ...
As a concerned observer, it looks like we’re headed back to 7500.
Not a peep from the SRM.
“Green shoots” to go with our new “green jobs” ... any day now.... any day.
Obama’s fault
Green shoots, what a joke, even Warren Buffet recently said he didn’t see any “green shoots” in the economy.
But wait, according to the WH we may need a second “stimulus” plan. Obambi is an economic disaster.
DJIA will bottom out at 3-4k, or if it does not inflation will ensure the whatever value it is at will be at the real dollar equivalent of that number by the time this is all said and done.
Unemployment WILL hit at least 12 if not 15 percent, whith a realistically plausible possibility of going even higher (18-20%).
Nothing is going to change to the fundamentals of the economic downturn direction, until the earliest 2011 2nd quarter at this point. And that will only happen if Republicans retake one if not both of the houses. This administration is fully committed to a self destructive path and will not, no matter the cost, deviate from it voluntarily.
The banks they bailed out should have been let fail, the companies that backed and traded CDS should have failed. Propping them up has only ensure the pain will be longer and the mess larger.
C'mon now... a little more emphasis!
The sooner we throw 0booooooooomba’s pathetic ass out of office, the better!!! I hope the rest of dumbed down, stupified America wakes up to this sorry debacle and throws both 0booooooooomba & the socialist demoRATs out of office!!! AND reverse every socialist program initiated by the socialist demoRATs and socialist-lite Rino’s enacted over the past 10 years (or more)!!!
Yes, those “green shoots” and “stepping back from the brink” and “shovel ready”. Well they are just shoveling it.
Does it seem like everytime Obama leaves the country and runs his mouth the stock market drops significantly? The SRM wants us to distrust Wall Street, which considering the greed we should in part, but it’s still a very accurate indicator of what’s going on in the world. It’s their job to know what’s going on in other countries and how it effects their particular stock, funds, etc.
All phrases probably created by David Axelrod, what a joke, and the MSM reports it like it’s fact. How about those “green shoots” now, ha!
Hollow, empty catch phrases; like hopey-changey.
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