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Did anyone notice....

Discussion in 'Political Debate & Discussion' started by Bro. Curtis, Nov 6, 2008.

  1. Bro. Curtis

    Bro. Curtis <img src =/curtis.gif>
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    ...that the stock market has fallen like 750 points in the two days since we picked the zero ?
     
  2. Bro. Curtis

    Bro. Curtis <img src =/curtis.gif>
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    ......make that over 900 pts.......
     
  3. Palatka51

    Palatka51 New Member

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    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:
     
  4. monk

    monk New Member

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    Have you noticed that the market has been dropping for weeks now?
    Have you read a newspaper or watched the news?
     
  5. Bible-boy

    Bible-boy New Member

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    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:
     
  6. Bible-boy

    Bible-boy New Member

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    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...?
     
  7. Pastor Larry

    Pastor Larry <b>Moderator</b>
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    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.
     
  8. Bro. Curtis

    Bro. Curtis <img src =/curtis.gif>
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    It's been hovering around 9,000. But a two day plunge ?
     
  9. carpro

    carpro Well-Known Member
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  10. YOUTUBECANBESAVED

    YOUTUBECANBESAVED New Member

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    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.
     
  11. Bible-boy

    Bible-boy New Member

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    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?
     
  12. Dragoon68

    Dragoon68 Active Member

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    Maybe it's part of the redistribution of wealth plan.
     
  13. JustChristian

    JustChristian New Member

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    Fixing a disaster like George Bush won't happen overnight.
     
  14. JamieinNH

    JamieinNH New Member

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    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.
     
  15. Crabtownboy

    Crabtownboy Well-Known Member
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    Did you notice it is still on Bush's watch? :laugh:
     
  16. Revmitchell

    Revmitchell Well-Known Member
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    And Bible Boy's point is proven.:laugh:
     
  17. Bro. Curtis

    Bro. Curtis <img src =/curtis.gif>
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    The more power the dems get, the worse shape the economy is in.
     
  18. Crabtownboy

    Crabtownboy Well-Known Member
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    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.
     
  19. Pastor Larry

    Pastor Larry <b>Moderator</b>
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    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.
     
  20. ReformedBaptist

    ReformedBaptist Well-Known Member

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    The markets are tumbling because of poor economic conditions fueled by the credit crisis. Simple as that.
     
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