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The Dow will drop 300 points today.....Question for financial professionals

MrMarcus1914

By MrMarcus1914
in The Tailgate

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MrMarcus1914

MrMarcus1914

Posted
Posted

Book it. Thanks to GM, and China not intiating a stimulus program the DOW is dropping. We are heading for a full scale depression. On the brighter side 1st time Jobless claims dropped last month. But hold your breath the Job report is coming out tomorrow. It will be another month of over 600,000 job lost in a given month. What are we going to do? When do we start feeling the stimulus plan?

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Ellis

Ellis

Posted
Posted

heheh.... well if the last 6 weeks are an indication of what we can expect Obama to do about the economy... there will likely be a party at the White House and a house band.

Fear not, brave followers. We're in this together!!! :)

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GoSkins561

GoSkins561

Posted
Posted

I am not an expert, but it is very clear to me that the market will stop dropping when this administration takes it's hands away from The Peoples wallets and privately owned business. Investors don't want a bunch of Senators who know nothing about running a business having any part of the private market.

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SkinsHokieFan

SkinsHokieFan

Posted
Posted
I am not an expert, but it is very clear to me that the market will stop dropping when this administration takes it's hands away from The Peoples wallets and privately owned business. Investors don't want a bunch of Senators who know nothing about running a business having any part of the private market.

That and some leadership from Turbo Tax Tim

Geithner has been a 100 percent disaster so far. He needs to show action, not get up in front of cameras and announce "plans"

Basically, he needs to DO SOMETHING because investors are EXPECTING something

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Jumbo

Jumbo

Posted
Posted

Not to derail the thread, but not going to start a thread for it (someone esle can) but Obama's speech right now on health care to a bipartisan group congressman seems to be generating good reactions from those present on both sides...Obama's comments are fairly centrist and he shows he sees the issues with intelligence and clarity...but there's still no mistaking his policy direction, of course...just wanted to mention that...and since the dow (which is info/data/dynamics often being used stupidly in the tailgate as so many things are) often reacts as emotionally and irrationally as a teenager in the throes of hormonal rushes, maybe this quality of conversation being shown in this coverage will give a tiny bit of soothing effect.

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HOF44

HOF44

Posted
Posted
I am not an expert, but it is very clear to me that the market will stop dropping when this administration takes it's hands away from The Peoples wallets and privately owned business. Investors don't want a bunch of Senators who know nothing about running a business having any part of the private market.

Well sounds to me like we're screwed. The Senators don't know how to run it, and the executives running the business obviously don't know anything about running it(results prove that).

Are you free Goskins?? You seem to have the answers. ;)

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kramdizzle

kramdizzle

Posted
Posted
Not to derail the thread, but not going to start a thread for it (someone esle can) but Obama's speech right now on health care to a bipartisan group congressman seems to be generating good reactions from those present on both sides...Obama's comments are fairly centrist and he shows he sees the issues with intelligence and clarity...but there's still no mistaking his policy direction, of course...just wanted to mention that...and since the dow (which is info/data/dynamics often being used stupidly in the tailgate as so many things are) often reacts as emotionally and irrationally as a teenager in the throes of hormonal rushes, maybe this quality of conversation being shown in this coverage will give a tiny bit of soothing effect.

People can listen to his "centrist" but they can SEE his far left almost socialist policies

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Renegade7

Renegade7

Posted
Posted

"We have nothing to fear but fear itself."

We need Obama to create some more confidence in this market or we will literally scare ourselves into a deeper recession. We will not recover anytime soon unless we believe we will, and that's just as big a problem as any other driving this downturn.

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Midnight Judges

Midnight Judges

Posted
Posted
I am not an expert, but it is very clear to me that the market will stop dropping when this administration takes it's hands away from The Peoples wallets and privately owned business. Investors don't want a bunch of Senators who know nothing about running a business having any part of the private market.

I love how every little blip is Obama related now. I didn't hear a peep out of these hacks in terms of the alleged direct correlation between the POTUS and the DOW when it dropped 6000 points during Dubya's last year and a half.

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December90

December90

Posted
Posted
I love how every little blip is Obama related now. I didn't hear a peep out of these hacks in terms of the alleged direct correlation between the POTUS and the DOW when it dropped 6000 points during Dubya's last year and a half.

Point well taken. It is the Congress that controls the pursestrings. Only now the POTUS is on board with the Communist Congress:chair:

Double Digit Unemployment by the end of the Year... Count on it because it is coming.

We get to now show how collectively stupid the voting masses are:(

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TMK9973

TMK9973

Posted
Posted

So let me make sure I understand everything.

Economy bad under Bush 1 - Carters faults, 8-12 years earlier.

Economy good under Clinton - Thanks to Regan and Bush 12 to 20 years earlier

Economy bad under Bush early on - Fault of 9/11

Economy bad under Bush at the end - Clinton's fault

Economy bad under Obama's first month in office - Obama's fault.

Is this all correct?

Let me guess -If the economy DOES recover next year - It will be thanks to the end of the Bush term?

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SparkleMotion

SparkleMotion

Posted
Posted
So let me make sure I understand everything.

Economy bad under Bush 1 - Carters faults, 8-12 years earlier.

Economy good under Clinton - Thanks to Regan and Bush 12 to 20 years earlier

Economy bad under Bush early on - Fault of 9/11

Economy bad under Bush at the end - Clinton's fault

Economy bad under Obama's first month in office - Obama's fault.

Is this all correct?

Let me guess -If the economy DOES recover next year - It will be thanks to the end of the Bush term?

One person can't screw up the economy any more than one person can fix it. There are so many factors out there. But people would rather dumb it down and point fingers.

The economy didn't go bad totally because of Bush.

It's not getting worse totally because of Obama.

There are boom-bust cycles that happen regardless of who the sitting president is.

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Redskins Diehard

Redskins Diehard

Posted
Posted
I love how every little blip is Obama related now. I didn't hear a peep out of these hacks in terms of the alleged direct correlation between the POTUS and the DOW when it dropped 6000 points during Dubya's last year and a half.

The "Dubya" thing is about as tired as Sarge's "Klinton". Call the man by his name for crying out loud. Both are pretty "hackish"

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ChocolateCitySkin

ChocolateCitySkin

Posted
Posted
One person can't screw up the economy any more than one person can fix it. There are so many factors out there. But people would rather dumb it down and point fingers.

The economy didn't go bad totally because of Bush.

It's not getting worse totally because of Obama.

There are boom-bust cycles that happen regardless of who the sitting president is.

Devil theory says otherwise.

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Jumbo

Jumbo

Posted
Posted
I love how every little blip is Obama related now. I didn't hear a peep out of these hacks in terms of the alleged direct correlation between the POTUS and the DOW when it dropped 6000 points during Dubya's last year and a half.

Mainly because the almost pathological level of hypocritical hackery in the forum and elsewhere has become the signature trademark of political discourse. Hammering at it's tenacious and expansive implementation is impeding otherwise vital exercises, such as lambasting reactionary jingoism and molecularly deep pig-brained bias. :silly:

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