Thread: Pattern: When Obama speaks, the DOW sinks.

Damn! You may be on to something here. Dow is down over 300 today when Obama spoke to group in Fort Myers, Florida. I attributed it to the US Senate passing the "We Are All Socialists Now" bill, otherwise known as the economic non-stimulus bill.

Maybe it was both. 150 per each.

We are so screwed.

:roll:

cayla99 wrote:

My husband and I noticed a pattern between Obama and the stock market. I looked it up just to see if our memories were holding true. I found this to be interesting. I thought others might also.

I found this to be very true as well. And today so far it looks grim. I believe the trend over the years that if a Democrat succeeds into office the stocks generally would have an upward trend. WHAT HAPPENED?

STIMULOUS PLAN IS WHAT HAPPENED And stimulous for who?
The other day when he went to Congress to ask them to pass the bill and quit holding up progress. He made comments about the BUZZ on CABLE. He pointed out that stimulous was..SPENDING MONEY!

Well Mr President it just depends where you are spending the money...
Giving it to corporations that have not only SUNK this COUNTRY but the WORLD!

SO MUCH FOR GLOBAL ECONOMY......NOW WHO IS LEFT TO BAIL ANYONE OUT????

Originally Posted by uniteasone

cayla99 wrote:

My husband and I noticed a pattern between Obama and the stock market. I looked it up just to see if our memories were holding true. I found this to be interesting. I thought others might also.

I found this to be very true as well. And today so far it looks grim. I believe the trend over the years that if a Democrat succeeds into office the stocks generally would have an upward trend. WHAT HAPPENED?

STIMULOUS PLAN IS WHAT HAPPENED And stimulous for who?
The other day when he went to Congress to ask them to pass the bill and quit holding up progress. He made comments about the BUZZ on CABLE. He pointed out that stimulous was..SPENDING MONEY!

Well Mr President it just depends where you are spending the money...
Giving it to corporations that have not only SUNK this COUNTRY but the WORLD!

SO MUCH FOR GLOBAL ECONOMY......NOW WHO IS LEFT TO BAIL ANYONE OUT????

Exactly!! When all the nations economies are linked to ours, it's global economic failure with no survivors when ours fails.

Protected Trade prevents that and protects all the nations from just what has happened. We must return to Protected Trade, all the countries must return to it.

I do think this "pattern" needs to be watched.

I have noticed this also.

Everytime there was an announcement that GWB would come and blather about something he did not understand, like the markets and the economy, the market sold off.
Today was a heavy economic day, not just because Obama gave a talk but Treasury Secy. Geithner was grilled in the Senate, while Ben Bernanke suffered in the House. Watching Geithner in the Senate, talking about private money also buying toxic assets to save the banks was a disappointment the feds did not unload some cash to Wall Street. And even those not expecting truckloads of cash, were disappointed that they have not really seen a definitive plan yet.
Obama did make an important point that with the "do what you want" attitude toward banking regulation, these banks accepting no-doc liar loans bundled all of them together and then started selling pieces of the entire bundle, which means that your mortgage is no longer owned by the original bank, but could have five or 10 investors each owning a piece of your property, plus pieces of other properties all over the country, as Obama put it "slices of the bundle that were sold" to refinance the original loaning banks. And who knows whether the "slice" owners managed to sell off their investments to others. Just unraveling this mess will be a nightmare. Thank you, GWB gang, as Wall Street has long seen through the everything in beautiful rhetoric.

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