I just asked the question on another thread. I think it dropped almost 200 points overall.
B.O.
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.
He said, “Bush is still your President until January 20th”. That’s what caused to the drop.
So then all we need for an economic recovery is a Secretary of Keep Him Quiet and a big roll of duct tape?
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.
“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...
Believe me: you deserve it.
If he thinks he is going to be able to raise taxes and add trillions to the debt without the market tanking and interest rates going up, he is dreaming.
Euphoria meet reality.
We are broke, neither he nor Congress will do anything to fix it. The Obamantion does NOT want his first year to be a complete financial disaster. Get ready for some SERIOUS fireworks when Congress starts passing new spending bills.
schu
Personally, I hope the DOW hits 0. Then all the idiots who voted for the Obamanation can all stand in a soup line and chant “O BA MA” over and over.
BWAHAHAHAHAHAHA!
All of you living in the 56 other states are about to find out how it feels to be the punchline of a really bad, horribly unfunny economic joke. God, I hope he appoints her TreasSec!
Market will drop until he commits to not raising capital gains taxes. Anyone with any sense is selling out of a gain position at 15% before he raises it to 30%. Other selling is loss selling to cover early year gains, while losses are still deductible.
Cut taxes.
and it closed back up again. +250 for the dow today.
He calls himself a mutt and takes a jab at Nancy Reagan? You stay classy BO!
4 years of this is going to be tough.
Yes, the Obama depression is underway.
Every man for himself.
I was trading Dow futures. When Obama appeared they were at 8913, when he finished they were at 8721. After he left, they rallied back up to where they had been, and then up to the 9000 level I had predicted this morning, which corresponds to the 38.2% fibonacci retracement of the recent top and recent lows. The market was in the process of breaking to the upside when Obama appeared, and it looked like a profit warning or something, it was so dramatic. I was long for my 9000 target and had to scramble out when it tanked.