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Market drops when 0bama opens his mouth
yahoo ^

Posted on 11/07/2008 12:32:51 PM PST by MrFred

Market Update

3:05 pm : President-elect Obama has started a news conference after meeting with his economic team. He said America needs a rescue plan for the middle class, including a fiscal stimulus plan. He will also review the current administration's financial plan.

The stock market gives up half of its gains as Obama makes his statements.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Your Opinion/Questions
KEYWORDS: bho2008; economy; stockmarket
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1 posted on 11/07/2008 12:32:51 PM PST by MrFred
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To: MrFred

I just asked the question on another thread. I think it dropped almost 200 points overall.


2 posted on 11/07/2008 12:35:22 PM PST by Dawn531
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To: MrFred

B.O.


3 posted on 11/07/2008 12:35:27 PM PST by Beowulf9
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To: Beowulf9

5K in 70 days.

You heard it here first.


4 posted on 11/07/2008 12:36:41 PM PST by freedumb2003 (Der neuen Fuhrer: AKA the Murdering Messiah: Keep your power dry, folks)
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To: MrFred

He wasn’t bad. He just didn’t have anything to add, which is not surprising. He was even mostly respectful to GWB. In fact, I expected a lot worse.


5 posted on 11/07/2008 12:36:50 PM PST by Pearls Before Swine (Is /sarc really necessary?)
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To: MrFred

He said, “Bush is still your President until January 20th”. That’s what caused to the drop.


6 posted on 11/07/2008 12:37:05 PM PST by B4Ranch
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To: MrFred

So then all we need for an economic recovery is a Secretary of Keep Him Quiet and a big roll of duct tape?


7 posted on 11/07/2008 12:37:21 PM PST by JrsyJack
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To: Dawn531

“I just asked the question on another thread. I think it dropped almost 200 points overall.”

I hear that Barbara Streisand liked trading on line. Her eyes must really be crossing as the market drops.


8 posted on 11/07/2008 12:37:46 PM PST by LottieDah (If only those who speak so eloquently on the rights of animals would do so on behalf of the unborn.)
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To: LottieDah

Maybe the press can feed him his answers before the conferences.


9 posted on 11/07/2008 12:38:47 PM PST by Charles Bronson Forever
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To: freedumb2003

“5K in 70 days.

You heard it here first.”

I am a little more optimistic, thinking 6500.


10 posted on 11/07/2008 12:38:47 PM PST by MrFred
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To: freedumb2003

I won’t give too many details, but Obama’s election has cost me in the five figure range in three days. I was actually not doing bad re the previous market crash and a lot of the losses have been made up.

It is the Obama Economy stupid. (why not, they blamed President Bush for the Economy of 2000).


11 posted on 11/07/2008 12:39:02 PM PST by mnehring
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To: Pearls Before Swine

Yea, well what was the jab at Nancy Reagan about? The market reacted because he could not answer the question about raising taxes. He is a louse and can not speak off teleprompter....


12 posted on 11/07/2008 12:39:43 PM PST by Born In America (Forgive us Father for they know not what they have done....)
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To: MrFred

The Dow is still green, up over one hundred points. Back when W used to give his early economic speeches, the market would go down many hundred.


13 posted on 11/07/2008 12:39:53 PM PST by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)
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To: MrFred

14 posted on 11/07/2008 12:40:24 PM PST by Bobalu (McCain has been proven to be the rino flop I always thought he was.)
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To: Charles Bronson Forever

“Maybe the press can feed him his answers before the conferences.”

Or he can have his press conferences when the market is closed.


15 posted on 11/07/2008 12:41:23 PM PST by LottieDah (If only those who speak so eloquently on the rights of animals would do so on behalf of the unborn.)
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To: MrFred

“It is not going to be easy for us to dig ourselves out of the hole that we are in,” Obama said.

I guess Wall Street isn’t looking forward to getting out of a hole by digging it deeper...


16 posted on 11/07/2008 12:41:59 PM PST by Mr Rogers (And if there are those who cannot subscribe to these principles, then let them go their way - Reagan)
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To: B4Ranch
He said, “Bush is still your President until January 20th”.

I recall he did not say that on September 15th.

Comrade Obama is being disengenuous.

17 posted on 11/07/2008 12:42:28 PM PST by HIDEK6
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To: Bobalu

I love that graph. 10% in two days post election. If thats not a clear signal, I am not sure what is. Hide your money, the government is coming for it.


18 posted on 11/07/2008 12:42:37 PM PST by MrFred
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To: MrFred
Enjoy your "Hope and Change," Obamadroids...

Believe me: you deserve it.

19 posted on 11/07/2008 12:42:59 PM PST by KentTrappedInLiberalSeattle (G-d watch over and protect Sarah Palin and her family.)
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To: B4Ranch

Actually everytime he said “middle class tax cut” the market dropped.


20 posted on 11/07/2008 12:43:14 PM PST by Dawn531
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