Faster horses said:The Free Market just doesn't like what they have to say.
Grrrrrrrrrrrr.
:evil: :evil: :evil: :evil:
The last time we had a good spike in the market was
before the election when McCain was showing some strength.
Personally, I don't think Obama gives a rats a--.
Tam said:I thought Obama and Geithner were the answer to all the problems but the Dow is lower today after Geithner's non plan for the banks, the Stimulus package and Housing bailout announcements than it has been since Oct 2002. It's now below 7500 :roll:
kolanuraven said:Tam said:I thought Obama and Geithner were the answer to all the problems but the Dow is lower today after Geithner's non plan for the banks, the Stimulus package and Housing bailout announcements than it has been since Oct 2002. It's now below 7500 :roll:
Now wait up here....I remember some of you plainly saying, back when Bush was in charge and the Dow would slip, that the Dow was free market and the Pres & Admn really had not effect on the actions of the market.
Now all of a sudden it's Obama's fault.
:roll: :roll:
:lol: :lol:OT wrote on Sept 2008: Dow bounced back today- but what will it do tomorrow? Confidence by investors and consumers was hit hard by all the Bush/Paulson/Congress
kolanuraven said:Tam said:I thought Obama and Geithner were the answer to all the problems but the Dow is lower today after Geithner's non plan for the banks, the Stimulus package and Housing bailout announcements than it has been since Oct 2002. It's now below 7500 :roll:
Now wait up here....I remember some of you plainly saying, back when Bush was in charge and the Dow would slip, that the Dow was free market and the Pres & Admn really had not effect on the actions of the market.
Now all of a sudden it's Obama's fault.
:roll: :roll:
Tam said:kolanuraven said:Tam said:I thought Obama and Geithner were the answer to all the problems but the Dow is lower today after Geithner's non plan for the banks, the Stimulus package and Housing bailout announcements than it has been since Oct 2002. It's now below 7500 :roll:
Now wait up here....I remember some of you plainly saying, back when Bush was in charge and the Dow would slip, that the Dow was free market and the Pres & Admn really had not effect on the actions of the market.
Now all of a sudden it's Obama's fault.
:roll: :roll:
Geithner speaks and by day end the DOW dropped 400 points Obama speaks and the DOW hits a six year low. Tell me again how these guys are not affecting the markets. :roll:
From BusinessWeek.comnonothing said:Tam said:kolanuraven said:Now wait up here....I remember some of you plainly saying, back when Bush was in charge and the Dow would slip, that the Dow was free market and the Pres & Admn really had not effect on the actions of the market.
Now all of a sudden it's Obama's fault.
:roll: :roll:
Geithner speaks and by day end the DOW dropped 400 points Obama speaks and the DOW hits a six year low. Tell me again how these guys are not affecting the markets. :roll:
Tam the goverment package is not negatively affecting the dow....If you have been watching the more important dictators of the market liks GM. you would see the fear that they may be closing or of rumours of them out right selling,have the market stalled..It would take years for the free market to regain anything without stimulas......If blue chip companies lay off or close the doors it would devaste the markets....unfourtunatly wages have not increased in the last 10 to 12 years yet everything eles has.therfore to live a so called comfortable life people lived off credit...That credit paid the companies that made the money that kept the market rising .
Now there is no credit,no money from wages and very little positive movement in any companies profits...How can the free market or doing nothing,correct a problem that is totally based on credit based spending to maintain itself...How do you purpose that doing nothing will not dig the hole deeper?....Many folks are in such a bind that they are selling off thier remaing stock,this creating an even deeper finiacial hole...At this point even those who are trying to dollar cost average thier stocks May never see the returns they are hoping for in years to come..In fact as sad as it is to say but spending may be the only way to avoid total collapsse and bring the corrected market into the future.....
From MSNBC BusinessTimothy Geithner unveiled the government's revised financial-sector rescue plan on Tuesday, and investors turned an emphatic thumbs down on the eagerly awaited announcement from the Treasury Secretary. U.S. stocks plunged Tuesday, with the large-cap benchmark S&P 500 falling nearly 5% and the Dow industrials dropping below the psychologically significant 8,000 mark.
Stocks slide, Dow ends at lowest in 6 years
NEW YORK - An important psychological barrier gave way on Wall Street Thursday as the Dow Jones industrials fell to their lowest level in more than six years.
The Dow broke through a bottom reached in November, pulled down by sharp declines in key financial shares. It was the lowest ending for the Dow since Oct. 9, 2002, when the last bear market bottomed out.
The move below that level dashed hopes that the doldrums of November would mark the ending point of a long slump in the market, which is now nearly halfway below the peak levels reached in October 2007.
The market's inability to rally also signals that investors see no immediate end for the recession, which is already 14 months old and one of the most severe in decades. Investors also haven't been impressed with two major economic initiatives from the Obama administration this week, an economic stimulus package and a mortgage relief plan.
Faster horses said:In fact as sad as it is to say but spending may be the only way to avoid total collapsse and bring the corrected market into the future.....
What spending do you mean? Consumer spending or Government spending?
kolanuraven said:Faster horses said:In fact as sad as it is to say but spending may be the only way to avoid total collapsse and bring the corrected market into the future.....
What spending do you mean? Consumer spending or Government spending?
Honestly, we need both types of spending.
Remember right after 9-11 when Bush basically said, " We've got this.....ya'll just go out and go shopping".....well that's really what we need to do now.
That statement is prob. the one and only thing I'll ever agree with that he said.....
Faster horses said:In fact as sad as it is to say but spending may be the only way to avoid total collapsse and bring the corrected market into the future.....
What spending do you mean? Consumer spending or Government spending?
Faster horses said:In fact as sad as it is to say but spending may be the only way to avoid total collapsse and bring the corrected market into the future.....
What spending do you mean? Consumer spending or Government spending?
nonothing said:Faster horses said:In fact as sad as it is to say but spending may be the only way to avoid total collapsse and bring the corrected market into the future.....
What spending do you mean? Consumer spending or Government spending?
Without goverment spending you wont get consumer spending....
With out credit there will be no spending unless wages increase,which they wont or prices for everything drop across the board,which also wont happen.....Until the banks start giving credit nothing positive can happen..tax credits only help those who are working.more and more working people are collection goverment checks...Talk about tax credits all you want but that only helps those that have.If nothing is done but just tax credits,then hoarding will be all that is created. ...It is not the taxes that burried people,it was, as I said earlier,years of wages not increasing which in turn caused people and business's to fall deeper into debt..This is the time for the governments to invest in thier countries infrastructure and energy based solutions...To sit back and do nothing and think the market will correct itself is foolish... Do not kid yoursels,Big corporations will die,but they will be replaced by the entrepreneur attitude of north Americans building or creating less expensive ways to live..
nonothing said:Faster horses said:In fact as sad as it is to say but spending may be the only way to avoid total collapsse and bring the corrected market into the future.....
What spending do you mean? Consumer spending or Government spending?
Without goverment spending you wont get consumer spending....
With out credit there will be no spending unless wages increase,which they wont or prices for everything drop across the board,which also wont happen.....Until the banks start giving credit nothing positive can happen..tax credits only help those who are working.more and more working people are collection goverment checks...Talk about tax credits all you want but that only helps those that have.If nothing is done but just tax credits,then hoarding will be all that is created. ...It is not the taxes that burried people,it was, as I said earlier,years of wages not increasing which in turn caused people and business's to fall deeper into debt..This is the time for the governments to invest in thier countries infrastructure and energy based solutions...To sit back and do nothing and think the market will correct itself is foolish... Do not kid yoursels,Big corporations will die,but they will be replaced by the entrepreneur attitude of north Americans building or creating less expensive ways to live..
Oldtimer said:Like Kola says--The thing now is to get money in the hands of people that will spend it- not those that set on it and wait for the investor market to improve...
Money needs to get moving again...
aplusmnt said:nonothing said:Faster horses said:In fact as sad as it is to say but spending may be the only way to avoid total collapsse and bring the corrected market into the future.....
What spending do you mean? Consumer spending or Government spending?
Without goverment spending you wont get consumer spending....
With out credit there will be no spending unless wages increase,which they wont or prices for everything drop across the board,which also wont happen.....Until the banks start giving credit nothing positive can happen..tax credits only help those who are working.more and more working people are collection goverment checks...Talk about tax credits all you want but that only helps those that have.If nothing is done but just tax credits,then hoarding will be all that is created. ...It is not the taxes that burried people,it was, as I said earlier,years of wages not increasing which in turn caused people and business's to fall deeper into debt..This is the time for the governments to invest in thier countries infrastructure and energy based solutions...To sit back and do nothing and think the market will correct itself is foolish... Do not kid yoursels,Big corporations will die,but they will be replaced by the entrepreneur attitude of north Americans building or creating less expensive ways to live..
I feel sorry for you nonothing, sad that you can not spend money with out having to borrow to do it. I see why you are so liberal now, you need government to get you what you want because you have not figured out how to do it yourself.
I am also sad that your wages have not grown over the years, EVERYONE I know is making more money today than say they were 5 or 10 years ago.
And to say the government has to spend before a consumer can spend is ridiculous. I do not need the Government to buy 600 million dollars worth of Converter boxes so I can go eat Pizza with my family! What are you smoking up there? :roll: