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Originally Posted by RIJIMMY
Sw - we're wondering why the "promise" of the stimulus bill is not impacting the stock market in a positive way. For example, if a company has a press release that they may have a breakthrough new product, the stock usually goes up quickly. even though there is no product ready for market or no guarantee the product will sell. You would think that the stimulus plan would have a similar impact however I believe investors are viewing this as negative news.
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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