Posted on 11/05/2008 6:46:44 AM PST by Ravi
He promised CHANGE...............
...’The 20% rally off the bottom has made me no longer want to go along on this elegant ride, especially because many of the stocks the bid took up yesterday involve companies that must pay some price that the Democrats can exact, and many of them were up because of rumors, picked up throughout the day, of a stunning upset engineered by John McCain and Sarah “Big Oil” Palin’.....
Jim Cramer
This morning we pulled everything we had left out of the markets. Will take chances with CD’s for now. At least there will be a net gain before inflation instead of a net loss before inflation adjustment.
Remember, Democrats have been in control of congress for 2 years. Democrats have controlled the House and Senate Banking Cmtes. This meltdown is shared with the Democrats,
Since Democrats think they have a mandate now, and a blanket exemption from responsibility for anything bad that has or will happen. The lie of Bush’s fault will be their scapegoat.
Of course the brokers are going to tell us to keep our money in. It’s their job, but not their money they are playing with.
Screw the big investment bankers.
So it's time to blow up those bubbles again Larry Summers, Robert Rubin, George Soros and other co-conspirators...it's safe, you can come out from hiding now, time to again, do that voodoo you do so well!
Not if we don’t give them our money. My money manager has my retirement money that I gave him this year in cash, cd’s, etc. We’re only in the market from moneys from prior years. Not one more penny from me to wall street. I be a lot of us can overwhelm the Soros, etc.
They are NOT doing it out of stupidity! They desire to RULE, not manage and govern. It is easier to RULE a poor country.
Sorry, there is no connection.
You hit the nail right on the head
Problem is the stash of cash the characters I spoke of have sitting in hidden bank accounts all over the world(Dubai, not necessarily Swiss), make Bill Gates look like a pauper. Retirement accounts like yours and mine are like penny stocks to them.
That’s just really scary if these guys have that kind of money that they can overwhelm hundreds of thousands of us.
Whats next from the puppet masters?
Starting in January(post Bush)the mainstream media will be switching to "pump up" mode and will be having orgasms in describing how "people are feeeling sooooo much better about themselves...the storm has passed...
spend, spend SPEND! invest, invest INVEST!".
...and now they will have even more congress critter clowns to help them blow up their balloons.
Actually, I'm about to cash mine in and payoff my houses. Why worry about what the market is going to do. I know I'll be saving 7% mortgage interest.
Here’s Reuters’ take on it.
Reuters
Wall Street falls further as economy offsets election
Wednesday November 5, 12:48 pm ET
NEW YORK (Reuters) - Stock indexes fell three percent on Wednesday as worries about the weakening economy returned to center stage just a day after the historic U.S. presidential election.
The Dow Jones industrial average (DJI:^DJI - News) fell 287.05 points, or 2.98 percent, to 9,338.23. The Standard & Poor’s 500 Index (^SPX - News) lost 30.69 points, or 3.05 percent, to 975.06. The Nasdaq Composite Index (Nasdaq:^IXIC - News) was down 59.00 points, or 3.31 percent, at 1,721.12.
(Reporting by Leah Schnurr; Editing by James Dalgleish)
“Goodbye 401K.”
Good news bad news thingie. Good news is dems cannot steal to re-distribute.
Bad news will not be there for retiries
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