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Dow up!!!!

TexasBred

Well-known member
Bullhauler said:
Dow closed above 9000 today. The Obama rally continues.

Since this is now the Obama rally (what's happened to the market since he was sworn in) we must also assume that he takes responsibility for everything else (good or bad) that has happened during that time as well. (Can you say trillions in new debt and not a clue how it will be repaid and wanting more). But I will say, it would be nice to see the market get back to 13000 regardless of who wants to take credit.
 

aplusmnt

Well-known member
Bullhauler said:
Dow closed above 9000 today. The Obama rally continues.

If he owns this rally, then will you accept that he owns when it goes back down or just moves sideways? If you want him to take credit then from this day forward he has to accept the blame? No more blaming bush, Obama brought it up so now if it goes down it is his fault?

You agree?
 

Bullhauler

Well-known member
aplusmnt said:
Bullhauler said:
Dow closed above 9000 today. The Obama rally continues.

If he owns this rally, then will you accept that he owns when it goes back down or just moves sideways? If you want him to take credit then from this day forward he has to accept the blame? No more blaming bush, Obama brought it up so now if it goes down it is his fault?

You agree?

I haven't said much about Bush in months. Good or bad economic news and the President always gets the blame or takes the credit. Nothing new there.
 

Steve

Well-known member
Bullhauler said:
Dow closed above 9000 today. The Obama rally continues.

be careful,,, a few tech stocks were taking a beating in after hour trading...

Dow Jones -29.00 8962.00 7/23 7:56pm

I think it might climb again until October at the latest ,... then,. well it depends on how fiscally responsible the democrats are.. :roll:
 

hypocritexposer

Well-known member
Bullhauler said:
Dow was up another 114 points today. The Obama rally continues. :D

any correlation to his approval ratings dropping? Are investors showing any type of confidence that they think this whole mess will somewhat end in 2010 and further end in 2012?
 

aplusmnt

Well-known member
Bullhauler said:
Dow was up another 114 points today. The Obama rally continues. :D

Just a bunch of speculators playing with the market, for there to be real sustainable growth in the market there has to be sustainable growth in the work force and spending.

We will see inflated numbers as long as short term things like Cash for Clunkers is propping up the market.

In near future we will probably see a larger down turn due to speculators reaching their ceiling in the play pen and then they will start shorting things.

Another thing to look at in near future is inflation, as inflation goes up so will the market as well as bread, wages, gasoline, insurance. As inflation starts kicking in everything goes up but the quality of life stays the same or goes down even at times.

Everything today is short term, Obama has did nothing to encourage investors to buy and hold, he only gives the gamblers some room to play roulette with our economy!
 

Soapweed

Well-known member
Bullhauler said:
It is fun to go back to page one of this thread and read what all of the self-appointed experts thought was going to happen.

It's never a done deal until you sell and put the money in the bank. The rest is just a roller-coaster ride. It ain't over 'til it's over.
 

backhoeboogie

Well-known member
Soapweed said:
Bullhauler said:
It is fun to go back to page one of this thread and read what all of the self-appointed experts thought was going to happen.

It's never a done deal until you sell and put the money in the bank. The rest is just a roller-coaster ride. It ain't over 'til it's over.

You can call what I did pure luck if it suits anyone. I never claimed to be an expert. I got out at the right time.
 

Soapweed

Well-known member
backhoeboogie said:
Soapweed said:
Bullhauler said:
It is fun to go back to page one of this thread and read what all of the self-appointed experts thought was going to happen.

It's never a done deal until you sell and put the money in the bank. The rest is just a roller-coaster ride. It ain't over 'til it's over.

You can call what I did pure luck if it suits anyone. I never claimed to be an expert. I got out at the right time.

You did it right; you got out when the gettin' was good. Many people aren't that smart or lucky. :wink:
 

aplusmnt

Well-known member
Ok I have to admit I was wrong! Had this up swing in the Dow explained to me and Yes Obama does get the credit for it!

Seems that maybe the upswing in the Market is due to it looking like Obama may not get what he wants. All of the protesting about Health care and the opposition to Cap and Trade.

The market may be responding to the hope on the horizon that Obama's health care and Cap and trade have hit a bump in the road. The market normally respond well when Washington gets in a log jam.

So it may be true that this is Obama's rally, the rally behind the fact he may not be able to close the deal on these two issues!
 

Sandhusker

Well-known member
I got out nearly 2 years now when the DOW hit 14,000. I've been waiting for a time to get back in. If we didn't have a socialist administration, I'd be back in now. If people come to their senses and stop him before he does any further damage, I'll get back in. If Obamacare and/or cap and bankrupt go through, I'm definitely moving everything offshore.
 

aplusmnt

Well-known member
Sandhusker said:
I got out nearly 2 years now when the DOW hit 14,000. I've been waiting for a time to get back in. If we didn't have a socialist administration, I'd be back in now. If people come to their senses and stop him before he does any further damage, I'll get back in. If Obamacare and/or cap and bankrupt go through, I'm definitely moving everything offshore.

I have moved more money into international mutual funds as a hedge against Obama. Everyone should have some, but I have put a higher percentage there now than in the past.

I am all in Small Cap, Mid Cap and International. Going to stay away from large companies for a while! Also do not have any in Bond funds, Obama totally undo the way Bonds are viewed with his sell out to the Car Unions!
 
A

Anonymous

Guest
I got out just before the bust in 87 under Reagan. Got back in a few days later and made a bundle. Got out just before market went down under Bush Senior. Got back in and made a bigger bundle. Got out just before things went to hell under Clinton. Got back in the down market and made a bigger bundle. Got out just before the bust under Bush junior. I am buying stock now. Just hope history repeats itself.
 

aplusmnt

Well-known member
hurleyjd said:
I got out just before the bust in 87 under Reagan. Got back in a few days later and made a bundle. Got out just before market went down under Bush Senior. Got back in and made a bigger bundle. Got out just before things went to hell under Clinton. Got back in the down market and made a bigger bundle. Got out just before the bust under Bush junior. I am buying stock now. Just hope history repeats itself.

Dang! You should either be a stock broker or start a company making fortune cookies! :wink: :lol:
 

Mike

Well-known member
Bullhauler said:
It is fun to go back to page one of this thread and read what all of the self-appointed experts thought was going to happen.

Corporations are cutting back costs tremendously, laying off workers, etc., thus profit margins seem to be doing OK. Even though sales are at the bottom, the balance sheets look to be better than they were just a few years ago.

The P/E ratios are fooling the traditional stock buyers and stocks will be scary when the true pictures show through at about the time the recession starts to recede.
 

aplusmnt

Well-known member
Mike said:
Bullhauler said:
It is fun to go back to page one of this thread and read what all of the self-appointed experts thought was going to happen.

Corporations are cutting back costs tremendously, laying off workers, etc., thus profit margins seem to be doing OK. Even though sales are at the bottom, the balance sheets look to be better than they were just a few years ago.

The P/E ratios are fooling the traditional stock buyers and stocks will be scary when the true pictures show through at about the time the recession starts to recede.

You are explaining things in a way that is way over Bullhaulers pay grade of understanding.
 

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