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Discussion in 'Politics' started by Bro. Curtis, Nov 6, 2008.
...that the stock market has fallen like 750 points in the two days since we picked the zero ?
......make that over 900 pts.......
I did and the sell off will continue for many more months. The markets tended to rise with McCain's polling numbers but when elections were over the selling began. :tonofbricks:
Have you noticed that the market has been dropping for weeks now?
Have you read a newspaper or watched the news?
Don't worry. BHO has plan to fix all that...:laugh:
And when it doesn't work we can always fall back to the its all Bush's fault argument...:BangHead:
Like the other poster pointed out in the lsat days right before the election it went up every time McCain went up in the polls. Have you been watching...?
Part of it is probably normal market correction after a strong eight year run under Bush. Remember, during the campaign of 2000 (similar to the campaign of 92, similar to the campaign of 80), the country was in a recession after the dotcom bust of the late 90s. So Bush inherited a pretty poor situation.
Part of it is in response to the financial problems plaguing the country as a whole (which is actually kind of a graveyard spiral ... The sell off makes it worse than it is).
Part of it is probably continued preparation for a new administration, and the anticipation of higher taxes on certain types of investments. The market has been anticipating this for weeks.
So there are a lot of things going on.
It's been hovering around 9,000. But a two day plunge ?
U.S. Stocks Post Biggest Post-Election Drop on Economic Concern
By Elizabeth Stanton
Nov. 5 (Bloomberg) -- The stock market posted its biggest plunge following a presidential election...
sour grapes form sore losers
:laugh: good one , :laugh: they don't watch they listen and his name is El Rushbo ,Mr. Lonely with his cats
Now for the truth
NEW YORK -- U.S. stocks slid and the Dow Jones Industrial Average had another fall of more than 400 points Thursday after more distress signals from the labor market and a decline in demand for auto makers and retailers.
All that spooked investors ahead of a key employment report Friday.
The jobless rate for people covered by unemployment insurance hit its highest level since 1983 last week, according to the U.S. Labor Department. When the Labor Department issues its October nonfarm payrolls report Friday, many traders expect an increase in the overall unemployment rate.
We know the market fell following the election. What does any of what you posted have to do with the fact that the markets went up prior to the election each time McCain went up on the polls?
Maybe it's part of the redistribution of wealth plan.
Fixing a disaster like George Bush won't happen overnight.
Today the Market is headed back up even with the biggest unemployement in 14 years being reported...
Do you think maybe it's just the natural flow of the market correcting itself...
One thing is for sure...
While Obama is POTUS the market will go up and it will go down... nothing new.... To think it's tied to tightly to one man is crazy talk.
Did you notice it is still on Bush's watch? :laugh:
And Bible Boy's point is proven.:laugh:
The more power the dems get, the worse shape the economy is in.
Who was president leading up to the Great Depression began
Calvin Coolidge -- Republican
Herbert Hoober -- Republican
The recession of 1953-54
Dwight Eisenhower -- Republican
Recession of 1957
Dwight Eisnehower -- Republican
Recession of 1973 - oil crisis
Richard Nixon 1968-resignation on August 9th, 1974 -- Republican
Recession of 1980-1982
Ronald Reagan -- Republican
Recession of 1990-91
George Herbert Walker Bush -- Republican
The current crisis which may develop into a full blown depression, though I hope and pray not.
George W. Bush -- Republican
It appears to me that all the recessions in my lifetime happened during the times when Republicians were in office. I was born after the Great Depression, but a Republican was in office prior to that also. Not a good track record BroC. Not one recession was while a Democrat was in office. Looks like Obama will inherit one.
These kind of statements are as absurd and silly as they ever have been. They are the remarks of the uninformed or the politically biased. They are not the remarks of anyone who understands basic economics.
You should be embarrassed to say it. I know we are certainly tired of hearing it. Unfortunately, political bias and silliness has no shame.
The markets are tumbling because of poor economic conditions fueled by the credit crisis. Simple as that.