Posted on 07/07/2009 7:53:17 PM PDT by RobinMasters
Despite everything Obama and Democrats have done -- or, perhaps, because of everything they've done -- the bad economy appears to be getting worse. Today, the Dow Jones Industrial Average and the S&P 500 both hit two-month lows, and financial analysts are starting to speak bluntly about the grim prospects ahead :
"Investors are grasping the fact that the recovery, when it does come, may not be as robust as what many hope for." -- Robert Siewert, portfolio manager at Glenmede
"It's an overall reality check. People are starting to worry there may have been a disconnect between the market and reality. I kept thinking we were way due for a correction a month ago or more, and it wasn't coming." -- Doreen Mogavero, president of Mogavero, Lee & Company
"We are maybe past the very worst of it, but that doesn't mean we are ready to zoom up. I think the recovery is likely to be shallow and uneven." -- Janna Sampson, co-chief investment officer of OakBrook Investments
(Excerpt) Read more at spectator.org ...
“People are starting to worry there may have been a disconnect between the market and reality.”
No shit, really? Companies had more cash on hand than the value of their stocks (literally) at many points the last couple months.
What recovery? What is this ‘recovery’ that I hear others speak of?
Gee. Ya think? Gov't spending going through the roof despite a bankrupt treasury, taxes going up while unemployment rising and people's and businesses ability to pay dwindles and yet the fools on wall street talk about green shoots while the stock market rises. A disconnect? Nah? The underlying value of stocks of companies losing more and more money must be going up some how./S
It’s not the economy I knew...
Our economic boat is leaking badly, but given time the holes would have swelled shut. Who would have thought that forcing America to give up bailing buckets in exchange for drills to punch more holes in the hull would have been a problem?
No, wait, this one may be more accurate-
Who would have thought that this administration and nearly all of congress pi$$ing into the boat while they use our money to buy an endless supply of beer (and scotch for Teddy) would be a problem?
The Obama Crisis Machine is set to “We underestimated”.
These so called experts keep talking about the mythical recovery like it's a given. I suppose it eventually WILL happen, but how? I don't expect it's 'right around the corner'. The government is seeming to do everything it can to prevent any sort of recovery, and I'm not sure the house of cards has really fallen yet.
Somewhere, W is smiling.
Hello! That was the recovery-—April, May.
I was at a local Starbucks yesterday and (unwillingly) heard a twentysomething young lady having a cellphone chat with a friend while she worked on her laptop. They talked about the usual relationship troubles, apartment hunts, etc., but employment difficulties led the list. The general upbeat mood seemed a trifle forced, but I’m no great judge of such things. I simply couldn’t help but wonder how bad it’s going to have to get before (apparent) true believers like herself are going decide that the Messiah has feet of clay?
We all know what happens when True Believers suddenly decide their god has failed them.
A house of cards too big to fall-—what a concept.
He is not. Whatever else he is, he is an American who tried to serve his country. He cannot enjoy seeing millions of Americans struggling and miserable as Obama wrecks the land he loves.
They resort to human sacrifice to get back on his good side.
I know what you're saying, but I doubt it. I personally don't think he wants to see this country ruined, either.
The MSM may be desperately trying to tell us it’s raining even as reality pees on our collective legs but they seem to be the only ones singing “Happy Days are here again”.
Just how much longer is this trope that “things are getting worse but a few points less worse that experts feared” line going to hold up?
It took the Soviets 4 generations and the collapse of the "Wall" before they started their recovery. BTW I saw no Reagan running around the Kremlin.
True dat! Dead cat gas pass.
The road to recovery is cutting taxes and cutting spending. I see stupid people.
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