Posted on 08/08/2011 1:39:50 PM PDT by NoLibZone
Who made nearly $1 billion betting on the US debt downgrade?
This Stock Market is way overvalued, like the Housing Market.
It needs a large correction, so this is healthy.
Getting those 25 million off the unemployed list and paying taxes and buying things again from business would sure perk up the market. The government is now out of the equation. It’s up to consumers and they appear tapped out of wages, credit cards and the housing ATM.
This Market was being pushed up by the Fed, not real growth.
This is one time it sickens me to be right - and its billions not millions. He is only 80 years old. When will his greed stop - when they are shoveling dirt on him, I guess. Ruining lives is a game to him since he was a boy selling out the Jews. Some call him a philanthropist - I call him a satan.
Full Faith and Credit of USA under destruction.
It is just rumored and it isn’t just him alone.
Interesting that he ditched his stockholders a week or so back so he could get around SEC oversight.
Oh yes, indeedy! But I'm a "technotard," too; so can't help you with that.
However, I did manage to view and digest a graphic display of the DOW 50 activity this afternoon, courtesy of Fox Business Channel.
Based on this visual display of the day's trends, I would describe it this way:
At 1 p.m., when the ersatz President was scheduled to speak, the Dow was gyrating in a fairly narrow range around ~minus 230. During the hour he (most ungraciously) kept us waiting for the glory of his presence, not much else happened.
Then he got up and actually bestirred himself to speak to the nation at around 2 p.m. Roughly a half an hour later, the Dow plummetted to the minus-400+ level; and then shortly thereafter, curiously "rebounded" up by about a hundred points.
At this point, I wonder about something that Buckeye McFrog said, that the Fed (and/or the Soros cabal???) intervened today, "placing buy orders to try and prop [Obama] up."
For sure enough, at the 3 o'clock hour, it looked like the market was trying to climb back....
But it didn't get very far. About a half-hour before the market close (i.e., at around 3:30 p.m.), the market crashed again....
Closing –630-plus on the day — or some –400 points in just three hours, from 1 to 4 p.m....
Nice work, Mr. [ersatz] President!
Jeepers, Mr. [ersatz] President, would you kindly take instruction from what happened to you today — That is, even your own people can't save you from yourself, from your misbegotten and nefarious policies?
JMHO FWIW
For IMHO the truth of actual reality is even more stubborn than you think it is....
God bless America!
Great catch/insight, Buckeye McFrog! Thank you!
Obama could have stopped the slide by, instead of blaming S&P and the Tea Party, he had called for an immediate reduction of a further $2 trillion off the projected deficit increases without the need for tax increases. He’d have pulled the rug out from under the GOP and would have been hailed for his leadership. But he’s too beholden to the leftist special interest groups to break with the liberal orthodoxy and actually take serious steps to limit spending. His window for turning around the economy is now only about a year away and closing fast. If the market is this low in August 2012 and we’re still looking at around 9% unemployment, he is going to be obliterated at the polls.
“And the piece of sh*t Obamanation wants to raise our taxes now, after our retirements are wiped out.”
Fortunately, when we’re all living on the streets and eating out of trash cans, he won’t be able to send us the tax bill.
Yes; probably.
But my takeaway from recent events (dating back to his inauguration) is: Obama does not want "to stop the slide." He comes from a school of political ideology that wants to precipitate as many "slides" as possible, so to undermine people's confidence in their existing way of life, their future and that of their families — and the future of their nation.
In this way, he softens up a fearful people to accept governmental solutions of their own acute personal and family problems — which he himself is deliberately causing — with his (as yet unstated) "policies".... Such fear would not even exist, if they were "at work," and not on unemployment insurance and food stamps....
He is a destroyer by cultivated habit. He doesn't know how to do anything else....
This is one sick dude. A megalomaniac, narcissistic, would-be American caesar, who has to destroy America as we know it to attain his ends....
Lately I'm beginning to think he's not really real, just a hologram — a three-dimensional image being projected from somewhere else. This "hypothesis" would help explain his total dependence on teleprompters....
Maybe in the end he's just a tool, or parrot, of an unseen "intelligence".....
But enuf of that! LOL!
Thanks so much for writing, littleharbour!
Message to the fascio-stalinists:
You cannot force us to purchase EVERYTHING!
Try to COME and make us.
“Thou shall not steal.” Exodus 20:15
“Thou shall not covet.”
Just plain evil. I know he is not alone but he seems to relish the fact that he is above the law - his arrogance knows no boundaries - but neither does the arrogance of the present US president so I guess there is enough to go around.
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