Post-Election Retreat: Dow Plummets Below 13K for First Time in 2 Months

Discussion in 'News / Current Events' started by Revmitchell, Nov 7, 2012.

  1. Revmitchell

    Revmitchell
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  2. Zaac

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  3. mont974x4

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    We should be expecting this, and worse. There is simply no way we can survive this level of spending and this debt load. Get ready for inflation like we have never seen before. What is coming will make the Great Depression look like a bull market.
     
  4. Revmitchell

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    And all for material gain and race. He is black and he will give the people free stuff.
     
  5. InTheLight

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    Well, that's not angry or racist, no siree...
     
  6. Revmitchell

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    Just because you disagree with it or just do not like it does not mean that the motive is either of those.
     
  7. mont974x4

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    It is not racist to point out that other people did vote for Obama because he is black. Those voters would be the racist ones. It is also not racist to point out that many people voted for Obama because of the promise of "free" stuff. How many news reports are there of people supporting him because of "Obama money" or "Obama phones" and the like.

    Those are the facts. People vote with their wallet. Some vote for the man who will support them keeping more of their money in their own wallet. Others will vote for the man who promises to give them someone else' money whether it be extended unemployment, healthcare, food stamps, etc.
     
  8. InTheLight

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    Well it is racist to say "he is black and [because of that] he will give the people free stuff."

    I saw Obama phones on Drudge and Hannity and heard about it on Andrew Wilkow. Again and again and again and again. But nowhere else.
     
    #8 InTheLight, Nov 7, 2012
    Last edited by a moderator: Nov 7, 2012
  9. mont974x4

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    You claimed he was racist and got called on it. The reality of the situation was explained to you and you make excuses. You sure you're not an Obama fan?
     
  10. Revmitchell

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    I never said that. You need to go back and read, carefully, what I posted. And in the future before accusing someone of something like that it will be helpful if you ask for clarification rather than jump on the accusatory bandwagon.



    http://www.youtube.com/watch?v=tpAOwJvTOio
     
  11. Matt Black

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    The stock market tumble yesterday has far more to do with the markets' fears about the Eurozone crisis than it does with the US election result. What markets don't like is uncertainty eg: a re-run of the 2000 Presidential election where the outcome was in doubt for weeks. Fortunately that didn't happen this time.
     
  12. Revmitchell

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    No banks and energy companies were the biggest sell offs yesterday. The concern is the national debt. It is becoming more and more clear we are headed in the way of Greece.
     
  13. Crabtownboy

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    Compared to Europe the US is booming. Over the last four years unemployment has risen in Europe. In the US it is declining. We are doing well considering the circumstances around the world. If China slows down, as is very likely, it will be even more difficult for the US or any other country to advance economically.

    But you are right, the market moved on fears of continued decline in Europe. News came out yesterday that was bad news for any company doing business with Europe. The projections of the European economy were not good.

     
  14. Matt Black

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    Yes but your 'boom' (and it is all relative) has been in part financed by money the government doesn't have, and the day of reckoning is fast approaching...
     
  15. Revmitchell

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    Now that the 2012 race for the White House is in the books, the spotlight on Wall Street is shifting from a major political question mark to a more monumental fiscal one that threatens to cripple the stock market, send unemployment above 10% and drive the U.S. into a double-dip recession.

    Greeted with essentially the exact same political landscape they went to bed with, investors sent the Dow plummeting more than 300 points on Wednesday amid concerns renewed political gridlock will force the U.S. off the looming fiscal cliff.

    The gloomy mood on Wall Street underscores the fact that President Obama isn’t in store for a honeymoon to kick off his second term and highlights the near-term challenges facing both the domestic economy and equity markets.

    “The economy will be on hold until the fiscal cliff is addressed,” David Joy, chief market strategist at Ameriprise Financial (AMP), wrote in a note. “Longer-term, the economy will limp along until whatever budget deficit deal we're going to get, if any, is done. If no deal is made, the economy will struggle.”

    Read more: http://www.foxbusiness.com/investin...al-fears-hover-over-us-outlook/#ixzz2BcpEBZwA
     
  16. Revmitchell

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    And when we go off the fiscal cliff it will have a grand effect on the world market.
     
  17. Revmitchell

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    The reports are also that health insurance took a big hit yesterday as well.
     
  18. Crabtownboy

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    Let's be honest about this. All stock market sectors declined yesterday .........

    The health care sector lost, but hospital stocks in that sector gained.

    And high dividend stock, while they went down, fared well.

    All the quotes came from: http://www.usatoday.com/story/money/markets/2012/11/07/obama-win-sectors-react/1688925/


    By the way Rev. I would never go to Fox, MSNBC, NBC, ABC for accurate information on the stock market. That would be a route for disaster to your account.
     
  19. saturneptune

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    Stocks go up and stocks go down. Mutual funds are much safer. If one is not willing to look at equities as long term, and abide by the buy low, sell high rule, and keep the emotion out, then one should be in bonds, government treasuries, CDs or cash.
     
  20. webdog

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    The global economy is tied to the US economy
     

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