"More and more investors are seeking the safety of U.S. government debt," said Kevin Giddis, managing director of fixed income for Morgan Keegan & Co. "Why? Why not? I mean, what else are you going to do with your money?"
GET A CLUE PEOPLE!
But I'm not hopeful, as when I look around the nets today, I see all of the Lib boiler-rooms saying "BLAME BUSH!!" everywhere....
5000 by 5/1/2009
At what point does the reality set in that “Obama Destroyed the Stock Market”. I mean, sure times are bad, but the market reflects the future as much as the present and the market is recoiling against Obanomics as much as grim financials.
If this was Pres Bush it would be ‘BREAKING NEWS, TOP STORY” on TV, radio, and entertainment shows for weeks.
Do not count on Americans seeing reality anytime soon.
just looked, down 230 pts...shudder to think where my 401k would be heading had i not moved it to money market for the time being...checked that and made 150 bucks since last week...
gee, I thought maybe 5000 then the inflation bug would hit... looks like I was too optimistic..
Wouldn't you like to borrow $trillions at 2% in which to buy up F50 companies for pennies on the dollar? I'm surprised more people don't see what is happening.
Forget these pathetic "tea parties", tax rebellion, states' rights, "wait until 2010, 2012, ..." or any other host of inconsequential activities. This game is all about the government's ability to fund debt and cover the interest costs.
Hit either and we can kill the beast.
” Wow.... At some point, it’s going to have to start dawning on Americans just what the Democrats have done to them “
Spent weekend among liberal Democrats at a family function.
Some of whom are big donors.
Had to stomach their anti Republican trash talking before the election.
We need a change,blah, blah.
They’re educated people who are very dumb.
Now that they have their change, one of the most virulent anti Republicans actually said to me
” I hate Obama more than I hated Bush, every time he opens his mouth , the DOW drops.”
But, I said-you voted for Obama didn’t you?
Well-I really wanted to vote for McCain, but,he was too old and Palin scared me.
I’m meeting with my investment advisor next week. My porfolia as lost $200,000 of value in the past three months. My instinct is to cash out and move on. However, I have a nagging feeling that may be exactly what The Marxist Onada wants.
Anybody have any incite out there?
Only those rich, evil capitalists care (or even know) about the stock markets.
"More and more investors are seeking the safety of U.S. government debt," said Kevin Giddis, managing director of fixed income for Morgan Keegan & Co. "Why? Why not? I mean, what else are you going to do with your money?"
GET A CLUE PEOPLE!
Someone take pity on me whom is economically-challenged. To what level does the Dow have to descend before the market is considered “crashed”?
The Republicans started it.
DOW 6825.9 -237.03 -3.36%
I’m going to invest in Cuban real estate and stocks... it will be a better bet than the Zerobama stock market.
The below statement is from an analyst Friday before the S&P closed at 735.09. Today will be the 2nd day below 740...I wonder what hills he's headed for?
"Only on a two-day close below 740 will I run for the hills. A close over 740 today would be considered a successful test of the November 2008 low," said Elliot Spar, market strategist at Stifel Nicolaus. "
0bama hasn’t even been in office for 2 months and I already HOPE for CHANGE!
I asked myself today, when will someone speak up? How bad must it become before someone says “Wait...we need to try something else!”
Looks like we may break down through 6800 before the end of the day unless the PPT comes to the rescue.
Y’all need to watch CNN...here is what they said on 19 Jan:
NEW YORK (CNNMoney.com) — Optimism about Barack Obama’s first 100 days as president is running high, but Wall Street’s post-inaugural celebration may well be short-lived.
“I think there’s going to be something of an Obama honeymoon for a few weeks,” said Terry L. Morris, senior equity manager at National Penn Investor Trust. “But I think there’s still a lot of pessimism out there about the economy.”
Since 1932, stocks, as measured by the S&P 500, have gained an average of 1.6% in the first 100 days of a new president’s term regardless of the party. The S&P 500 has gained 0.9% on average under a Republican president and 2.2% under a Democrat like Obama, according to research by Standard & Poor’s chief investment strategist Sam Stovall...
History favors the Democrats: Similar to the first 100 days, stocks tend to perform better for the rest of the year when the Democrats are in power, according to S&P. In the subsequent eight months, stocks on average lose 7.7% under Republicans and gain 4.8% under Democrats going back to 1932.
“Election year history favors a Democratic president, but nothing is certain in this world except death, taxes and volatility - of share prices and emotion,” wrote Sam Stovall, S&P’s chief investment strategist in a recent note...
The hope surrounding Obama’s election has been compared to the hope felt after John F. Kennedy’s election in 1960.
For Wall Street, that optimism correlated with higher stock prices. During the first 100 days of JFK’s administration, the S&P 500 gained 8.9%. It gained another 9.6% in the rest of the year, according to S&P...
Stocks are perhaps due for a bigger bear market rally in the first half, but the outlook is so cloudy it’s hard to see what could cause it, said Drew Kanaly, chairman and CEO at Kanaly Trust.
“I think a lot of investors are waiting for the new administration to come in,” he said. “They want to see what they are going to do first before they start participating more fully in the market.”
First Published: January 19, 2009: 3:02 PM ET
Looks like we have had another round of margin calls with gold sales to meet them. On the first round gold plunged then recovered and now it plunges again as those holding equities on margin must sell their gold to make good on further margin calls.