Comments on: Dow Falls To Lowest Point Since Clinton http://sweetness-light.com/archive/dow-falls-to-lowest-point-since-clinton Sat, 21 Nov 2009 18:34:20 -0500 http://wordpress.org/?v=abc hourly 1 By: proreason http://sweetness-light.com/archive/dow-falls-to-lowest-point-since-clinton#comment-137498 proreason Thu, 05 Mar 2009 19:49:05 +0000 http://sweetness-light.com/archive/dow-falls-to-lowest-point-since-clinton#comment-137498 Typical day in Obama's market. Thursday, 2:30 pm ET, Dow down 235 points. So far in his life, he has always got what he wants. But that is going to change soon. Typical day in Obama’s market.

Thursday, 2:30 pm ET, Dow down 235 points.

So far in his life, he has always got what he wants.

But that is going to change soon.

]]> By: TNpatriot http://sweetness-light.com/archive/dow-falls-to-lowest-point-since-clinton#comment-137146 TNpatriot Tue, 03 Mar 2009 16:42:44 +0000 http://sweetness-light.com/archive/dow-falls-to-lowest-point-since-clinton#comment-137146 I agree with you 100% and would even go so far as to say people invest in the stock market based solely on the future. You do not buy a stock because the price appreciated and they paid a hefty dividend last year. You look at prior years performance then analyze future market trends and invest purely on the assumption that the company will pay off in the future. I tried to have this very same discussion with several loons on the Huffpost yesterday and could not get them to move beyond the "its all Bush's fault argument." Obama owns this market. It is taking a nosedive because no investor has confidence that the policies being implemented will be conducive to businesses. I agree with you 100% and would even go so far as to say people invest in the stock market based solely on the future. You do not buy a stock because the price appreciated and they paid a hefty dividend last year. You look at prior years performance then analyze future market trends and invest purely on the assumption that the company will pay off in the future.

I tried to have this very same discussion with several loons on the Huffpost yesterday and could not get them to move beyond the “its all Bush’s fault argument.” Obama owns this market. It is taking a nosedive because no investor has confidence that the policies being implemented will be conducive to businesses.

]]> By: proreason http://sweetness-light.com/archive/dow-falls-to-lowest-point-since-clinton#comment-137144 proreason Tue, 03 Mar 2009 16:39:14 +0000 http://sweetness-light.com/archive/dow-falls-to-lowest-point-since-clinton#comment-137144 inflation. The money supply has TRIPLED in the last several months. It's not going into the Stock Market. It's not paying off mortgages. It's on the sidelines in Treasuries and CDs, waiting for some stability in the economy. When the economy does stabalize a bit, that money is coming out from under the matresses, and there will be inflation like a tsunami. But of course, that is only one factor. The massive, 90% useless 787B to 3.2T "stimulus" might, just might encourage a wee bit of inflation as well. But if The Moron's handlers are correct, it won't hit full force until after the 2010 elections. We'll see about that. inflation.

The money supply has TRIPLED in the last several months.

It’s not going into the Stock Market. It’s not paying off mortgages. It’s on the sidelines in Treasuries and CDs, waiting for some stability in the economy.

When the economy does stabalize a bit, that money is coming out from under the matresses, and there will be inflation like a tsunami.

But of course, that is only one factor. The massive, 90% useless 787B to 3.2T “stimulus” might, just might encourage a wee bit of inflation as well.

But if The Moron’s handlers are correct, it won’t hit full force until after the 2010 elections.

We’ll see about that.

]]> By: 1sttofight http://sweetness-light.com/archive/dow-falls-to-lowest-point-since-clinton#comment-137143 1sttofight Tue, 03 Mar 2009 16:30:09 +0000 http://sweetness-light.com/archive/dow-falls-to-lowest-point-since-clinton#comment-137143 Not only that but if an invester were able somehow to make a profit it would be taken away via taxes. Sit on your money and wait for better times or convert it to something like gold or other precious metals because inflation is about to hit and hit hard IMHO. Not only that but if an invester were able somehow to make a profit it would be taken away via taxes. Sit on your money and wait for better times or convert it to something like gold or other precious metals because inflation is about to hit and hit hard IMHO.

]]> By: proreason http://sweetness-light.com/archive/dow-falls-to-lowest-point-since-clinton#comment-137142 proreason Tue, 03 Mar 2009 16:28:23 +0000 http://sweetness-light.com/archive/dow-falls-to-lowest-point-since-clinton#comment-137142 5 once-in-multipe-lifetime events happened in Sep / Oct 2008: 1. Biggest market drop 2 months prior to a national election ever. 2. Massive 60% steady volume increase for 2 months (1 other time in 60 years) 3. Biggest drop in oil prices ever 4. Huge run on money markets Sept 18 that panic'ed the Fed and Treasury. 5. Unprecented failures of major financial institutions that resulted in the rushed and tragic $700B bail-out All started immediately after McCain took the lead in Gallup polls Sept 7/8. Obama crossed 50% permanently Oct 4. Since then, the Dow has dropped 30%. After every announcement from The Moron, the market drops some more (but of course, who could say that one caused the other, in such a complex world. It could be sunspots, after all.) Now, maybe it looks like happenstance to you. Certainly nobody in the msm is investigating it. And why should they? After all, their guy got elected. Who cares what made it happen. But for me, when a volcano erupts and minutes later hundreds of people are scalded to death, I stop worrying about "correlation" and "causation" and run for cover. 5 once-in-multipe-lifetime events happened in Sep / Oct 2008:

1. Biggest market drop 2 months prior to a national election ever.
2. Massive 60% steady volume increase for 2 months (1 other time in 60 years)
3. Biggest drop in oil prices ever
4. Huge run on money markets Sept 18 that panic’ed the Fed and Treasury.
5. Unprecented failures of major financial institutions that resulted in the rushed and tragic $700B bail-out

All started immediately after McCain took the lead in Gallup polls Sept 7/8.

Obama crossed 50% permanently Oct 4. Since then, the Dow has dropped 30%. After every announcement from The Moron, the market drops some more (but of course, who could say that one caused the other, in such a complex world. It could be sunspots, after all.)

Now, maybe it looks like happenstance to you. Certainly nobody in the msm is investigating it. And why should they? After all, their guy got elected. Who cares what made it happen.

But for me, when a volcano erupts and minutes later hundreds of people are scalded to death, I stop worrying about “correlation” and “causation” and run for cover.

]]> By: Barbie http://sweetness-light.com/archive/dow-falls-to-lowest-point-since-clinton#comment-137138 Barbie Tue, 03 Mar 2009 16:14:49 +0000 http://sweetness-light.com/archive/dow-falls-to-lowest-point-since-clinton#comment-137138 I appreciate the 'let's be cognizant of X does not cause y' logic, but I refuse to ignore common sense assessment. Plenty of investors have been asked, and there are plenty of articles by economists and business reporters who assert this causal connection so, please, these are not wild allegations and, from what I can tell, these are not poorly formed arguments. Investors invest in the stock market to get a return on their money (I think we all agree that's the motivation), and Obama is overtly planning to deny those returns. Why would anyone invest when they know they're going to lose their money (or will , most likely). I would have to suspend common sense and reasonable knowledge to believe there's not a relationship between Obama's nomination/election and the stock market woes. Seriously, Obama is extremely anti business, stronlgy anti capitalism, pro wealth vengeance redistributionist, denigrator of personal achievement - and I'm suppose to think 'hey, there's no correlation'. I fully admit I'm in no way any type of expert, but I also know I'm not going to sit around waiting for the Obama governnment approved version of this before I draw my own conclusions. I appreciate the ‘let’s be cognizant of X does not cause y’ logic, but I refuse to ignore common sense assessment. Plenty of investors have been asked, and there are plenty of articles by economists and business reporters who assert this causal connection so, please, these are not wild allegations and, from what I can tell, these are not poorly formed arguments. Investors invest in the stock market to get a return on their money (I think we all agree that’s the motivation), and Obama is overtly planning to deny those returns. Why would anyone invest when they know they’re going to lose their money (or will , most likely).

I would have to suspend common sense and reasonable knowledge to believe there’s not a relationship between Obama’s nomination/election and the stock market woes. Seriously, Obama is extremely anti business, stronlgy anti capitalism, pro wealth vengeance redistributionist, denigrator of personal achievement – and I’m suppose to think ‘hey, there’s no correlation’. I fully admit I’m in no way any type of expert, but I also know I’m not going to sit around waiting for the Obama governnment approved version of this before I draw my own conclusions.

]]> By: Colonel1961 http://sweetness-light.com/archive/dow-falls-to-lowest-point-since-clinton#comment-137112 Colonel1961 Tue, 03 Mar 2009 14:53:58 +0000 http://sweetness-light.com/archive/dow-falls-to-lowest-point-since-clinton#comment-137112 'Fake wealth that never existed'. I'll try and keep this short: very little of the wealth of nations (which would be a great name for a book) or of peoples is intrinsic, i.e., it is mostly fake and it never existed, nor will it ever - doesn't matter which president or what era. Was your statement meant to enlighten the great unwashed at S&L? But, please - the credit crisis was not caused by 'fake wealth'. You can figure it out. Hint: it’s in the antepenult of this paragraph. With which mutual fund do you work? I'd like to keep my friends and family the hell away... ‘Fake wealth that never existed’. I’ll try and keep this short: very little of the wealth of nations (which would be a great name for a book) or of peoples is intrinsic, i.e., it is mostly fake and it never existed, nor will it ever – doesn’t matter which president or what era. Was your statement meant to enlighten the great unwashed at S&L? But, please – the credit crisis was not caused by ‘fake wealth’. You can figure it out. Hint: it’s in the antepenult of this paragraph.

With which mutual fund do you work? I’d like to keep my friends and family the hell away…

]]> By: Alice L. http://sweetness-light.com/archive/dow-falls-to-lowest-point-since-clinton#comment-137107 Alice L. Tue, 03 Mar 2009 14:23:57 +0000 http://sweetness-light.com/archive/dow-falls-to-lowest-point-since-clinton#comment-137107 This is the Obama depression - he is going to have to stop blaming Bush. Notice that he refuses to address the Stock Market as our 401(k)s disappear. This is the Obama depression – he is going to have to stop blaming Bush. Notice that he refuses to address the Stock Market as our 401(k)s disappear.

]]> By: Yarddog1 http://sweetness-light.com/archive/dow-falls-to-lowest-point-since-clinton#comment-137103 Yarddog1 Tue, 03 Mar 2009 14:01:40 +0000 http://sweetness-light.com/archive/dow-falls-to-lowest-point-since-clinton#comment-137103 I am soooo glad our new President has inspired so much confidence in the financial markets. Just look at its recent successes. I am soooo glad our new President has inspired so much confidence in the financial markets. Just look at its recent successes.

]]> By: oldswimcoach http://sweetness-light.com/archive/dow-falls-to-lowest-point-since-clinton#comment-137094 oldswimcoach Tue, 03 Mar 2009 12:46:46 +0000 http://sweetness-light.com/archive/dow-falls-to-lowest-point-since-clinton#comment-137094 1-2% is easily accounted for by WPA hiring to manipulate unemployment numbers. There were also supreme court case that eliminated some of the more onerous aspects of new deal ledgislation, and to some extent there is always some level of market fluxuation in a free market economy - some level of economic uncertanty is the "cost" of overall economic growth under a free market. The better question is, how did Roosevelt's policies fix the depression from 1933-1940? Seven years is a long time. 1-2% is easily accounted for by WPA hiring to manipulate unemployment numbers. There were also supreme court case that eliminated some of the more onerous aspects of new deal ledgislation, and to some extent there is always some level of market fluxuation in a free market economy – some level of economic uncertanty is the “cost” of overall economic growth under a free market.

The better question is, how did Roosevelt’s policies fix the depression from 1933-1940? Seven years is a long time.

]]> By: oldswimcoach http://sweetness-light.com/archive/dow-falls-to-lowest-point-since-clinton#comment-137093 oldswimcoach Tue, 03 Mar 2009 12:39:21 +0000 http://sweetness-light.com/archive/dow-falls-to-lowest-point-since-clinton#comment-137093 Also, can't vouch for the NBER, their data or their agenda (and agenda matters), but Walter Williams and Thomas Sowell (you may not have heard of them since they are economists!) support my position and definition. 2006, 2007, and 2008 never had two consecutive quarters of negative growth until 3rd and 4th quarter of 2008. So if NBER is an economic site touting a recesion when there wasn't one, I think either their agenda or their academic rigor and quality must be questioned. Also, can’t vouch for the NBER, their data or their agenda (and agenda matters), but Walter Williams and Thomas Sowell (you may not have heard of them since they are economists!) support my position and definition.

2006, 2007, and 2008 never had two consecutive quarters of negative growth until 3rd and 4th quarter of 2008. So if NBER is an economic site touting a recesion when there wasn’t one, I think either their agenda or their academic rigor and quality must be questioned.

]]> By: oldswimcoach http://sweetness-light.com/archive/dow-falls-to-lowest-point-since-clinton#comment-137092 oldswimcoach Tue, 03 Mar 2009 12:33:39 +0000 http://sweetness-light.com/archive/dow-falls-to-lowest-point-since-clinton#comment-137092 Dr tecate - so two consecutrive quarters no longer equals six months? Were you eduacated in the public school system or are you just math impaired? Dr tecate – so two consecutrive quarters no longer equals six months? Were you eduacated in the public school system or are you just math impaired?

]]> By: artboyusa http://sweetness-light.com/archive/dow-falls-to-lowest-point-since-clinton#comment-137083 artboyusa Tue, 03 Mar 2009 11:11:40 +0000 http://sweetness-light.com/archive/dow-falls-to-lowest-point-since-clinton#comment-137083 Here's what the headline should be: Market to Government: 'Stop Helping!' Here’s what the headline should be: Market to Government: ‘Stop Helping!’

]]> By: aze_216 http://sweetness-light.com/archive/dow-falls-to-lowest-point-since-clinton#comment-137065 aze_216 Tue, 03 Mar 2009 06:21:47 +0000 http://sweetness-light.com/archive/dow-falls-to-lowest-point-since-clinton#comment-137065 I agree - no moron is he. I'll bet he is a malignant narcissist. He's the perfect storm of an angry man who has 0 allegance or understanding of this country and has an agenda... (probably has mommy issues too..) Normally, this guy would simply be teaching university students about how evil capitalism and the U.S. is. For him, though - he got lucky.. Harry Reid, Nancy P., democrat (facist) controlled congress, a completely STUPID 53% of the electorate and the willingness of the press to give him a pass on everything and anything. What I really don't get is how wall street isn't lighting torches and grabbing pitchforks.. or even anyone who has $20 saved or has pension plans, insurance, etc.. I agree – no moron is he. I’ll bet he is a malignant narcissist. He’s the perfect storm of an angry man who has 0 allegance or understanding of this country and has an agenda… (probably has mommy issues too..) Normally, this guy would simply be teaching university students about how evil capitalism and the U.S. is. For him, though – he got lucky.. Harry Reid, Nancy P., democrat (facist) controlled congress, a completely STUPID 53% of the electorate and the willingness of the press to give him a pass on everything and anything.

What I really don’t get is how wall street isn’t lighting torches and grabbing pitchforks.. or even anyone who has $20 saved or has pension plans, insurance, etc..

]]> By: Clarissimus http://sweetness-light.com/archive/dow-falls-to-lowest-point-since-clinton#comment-137063 Clarissimus Tue, 03 Mar 2009 06:14:12 +0000 http://sweetness-light.com/archive/dow-falls-to-lowest-point-since-clinton#comment-137063 Correlation does not imply causation. So far I've seen a couple dozen posts on both sides of this poorly-argued debate that basically say "X and Y happened around the same time, therefore X caused Y." I think we can all agree that the bursting of the housing bubble was a major contributor to our current economic difficulties. Whether or not the market fears Obama's plans for the future would best be determined by asking investors if this is the case, not pointing to dates on graphs. It's that kind of shoddy reasoning that contributes to the "industrial activity causes global warming" myth. Also, dr tecate, I don't think anyone is fooled -- we all can see you're not the conservative you claim to be. If you want to argue that central government planning is the best way to run an economy you should at least be honest about where you're coming from. Correlation does not imply causation. So far I’ve seen a couple dozen posts on both sides of this poorly-argued debate that basically say “X and Y happened around the same time, therefore X caused Y.” I think we can all agree that the bursting of the housing bubble was a major contributor to our current economic difficulties. Whether or not the market fears Obama’s plans for the future would best be determined by asking investors if this is the case, not pointing to dates on graphs. It’s that kind of shoddy reasoning that contributes to the “industrial activity causes global warming” myth.

Also, dr tecate, I don’t think anyone is fooled — we all can see you’re not the conservative you claim to be. If you want to argue that central government planning is the best way to run an economy you should at least be honest about where you’re coming from.

]]>