Your right sw, the earmarks where 40/60 split. Vote them all out next chance we get.

I was wrong, the stimulas bill has had an effect;
Last Sale 6470.67 Previous Close 6594.44
Change -123.77 Open 6595.16
Change % -1.88% 1-Week Range 7195.46 - 6544.10
Previous Close 6594.44 1-Month Range 8315.07 - 6544.10
Today's Range 6470.03 - 6755.17 52 Week Range 6544.10 - 13136.70
Last Trade Time 3:26 PM EST YTD Change -5992.53

http://online.wsj.com/article/SB123612515982323801.html

Brilliant Article. ;-)

I felt like he knew me.:mad:

He's honest too"There is much to dislike about President Obama's approach to the financial crisis"

I like a guy that can poke fun at himself. Probably a good thing to remember that despite political differences, if we were all thrown together... slamming a few bass... or slamming down a few brews all this political stuff would be behind us. Of course I did just make the final pmt. on my boat slip this AM...so I'm feeling a little conservative $$$!!!

This is the part that I like about this forum. I feel that every single person in here, regardless of what we've disagreed about, I could go out and have a couple beers with like none of the conversations took place.

This is the place for disagreements and petty bickering, but outside this forum I respect everyone as a fellow fisherman and peer.

There are a good number of reasons for the stock ups and downs. Things like bad jobs reports, GM's problems or the banking issues are not something Obama can fix with the swipe of a pen, and yet they're having a tremendous impact on Wall Street.

What's pretty funny is that under our last President, leader of the Republican party mind you, the stock market was also tanking.

Many expect the economy and job market to continue to sour, best case showing signs of recovery early next year.

And yet somehow people can attribute this negativity to Obama's radical idiology, not more than a few months after the general public elected him?

This simply doesn't compute.

So the Republicans (or their bots on this site) don't have any suggestions on how to fix things, previous Republican attempts to remedy also fell flat, so instead we'll post daily updated to the Dow Jones in an attempt to...what again?

It's about as mindless as the pacifist Iraq body count tickers online during the early phases of the War.

-spence

I think you nailed it Spence "Obama's radical idiology"

Sorry, I forgot my quotes :lasso:

-spence

Hey Buck?
 

Where's my daily dose of doom and gloom from the board economic pessamist?

Markets had a good week, Citi and BofA both talking about profitiability, GM declaring it doesn't need billions in government loans...

I would have thought you'd be all over this as cheerleader in chief of conservative positive spirit.

MARKETS WILL GROW!

-spence

spence your missing the point. I have posted exact quotes from the press that the market DID tank when Bush spoke, the point of this thread was that when Obama speaks or communicates policy, the market has reacted negatively. Every single time!
this week Obama and Geithnher KEPT THEIR MOUTHS SHUT and lo and behold, what happened? The markets have been up!!!!

BHO has been spreading the economy fear factor since starting in office.

A few days ago he was saying the international economy is in shambles
and we might have to help bail it out too.

Now that the market has gone up for a few days,
he says the economy is not as bad as he thought.

Makes you wonder. :huh:

Are the markets up due to the Stimulus? I've heard that the effect of the Stimulus would not begin to take effect till later this year, or later than that. Is the uptick, if it continues this early, a vindication of those who believe that the MARKETS WILL GROW without massive intervention?

He inherited the Bush rebound.

It's pretty hard to loose money when your given a few billion to play with.
Posted from my iPhone/Mobile device

Dead cat bounce. :huh:

Time will tell.

So I guess based on the original premise of this post, the market is now thrilled w/Obama's stimulas plan. :laugha:

Geithner spoke today and the market is up!

I'll post for buckman to save him time:

"Bush's initial bailout is finally paying off."

There, him a few clicks.

Was he giving his resignation speech?

no, BM is talking market reaction and Im sure he'll admit its a direct result of Geithner this time, although no liberals ever admited the corellation with the drops previously.

Market up nearly 500 points.

-spence

good to see, but it is only one facet of many forces.

the fundamentals of our economy are still broken. Jobs are still being exported overseas and housing prices are still faltering.

Agreed. Just like the days the market generally went up a little bit after a massive 300+ points down day, I'm willing to bet investors will be cashing in tomorrow or the next day and we'll have another 100+ point down day.

But, the market is impossible to predict; I'm just shooting from the hip and guessing.

Ther was some other good news today. Home sales up 5% largest increase in 6 years. Keep your fingers crossed. Maybe the distraction of the AIG bonuses worked.

There are some troubling aspects to be aware of. For one thing I've never trusted market moves that are obvious responses to specific news. And this advance, deserving as it probably was, was emphatically in direct response to something that has been in short supply lately--good news. Good news has a tendency to attract too high a proportion of suckers.
Secondly, a flashy advance of this kind goes hand-in-hand with dramatically increasing volume. Today, volume was actually down in the Dow's 497 point advance. It was down on the advances in the SP-500 and NYSE Index. It was down only a little for the Nasdaq Brothers, but it was down just the same.

Elevator to 7400 please

Or I could be 100% correct.

7,660.21 -115.65 / -1.49%

The rest of the downward trend will be tomorrow after the speech.

Elevator going down to 7400

This was a distinctly negative day. All eight Important Averages were down (averaging, as I said above, -2.52%). All 16 Breadth Groupings were Super-Decisively Negative.
Today's Dominant PV Relationship was PDVD (1897 stocks), which is the thematic relationship of falling markets. They are just being themselves.
On a five-day basis, the bullish PUVU relationship has been giving ground for the last seven days, but it remains Dominant over the other relationships so far. However, it is holding on by a thread, with the bearish PUVD relationship breathing down its neck on a five-day basis.

The stimulus isn't having any effect, but the $1.2 Million Mansfield is getting from it will save at least 20 teacher jobs.

My roommate who is a music teacher in Mansfield went from a guaranteed layoff to now a guaranteed job next year.

Too bad the government didn't take the Buckman approach and do nothing. Then we'd see the benefits of inaction - over-crowded classrooms, more "out of the school" classes which carry little educational value, significantly decreased after school programs. Those are all the consequences the Mansfield School admin has declared they would have to do if they lost all the teachers they were initially expecting to be without.

does he shoot golf? I think I hit him at wading river a few years ago