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Market welcomes Change
Yahoo Finance - DOW -332.13 S & P -40.90
Patriot Watch Independent
Chicago, Illinois US
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RACISM EVEN WORSE THAN EVER, IN SOUTH AFRICA!!
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FreedomGirl 1 year ago
Reply to padokc
My son has been in commercial banking for going on 10 years. He is very successful. He worked for … Show full comment
My son has been in commercial banking for going on 10 years. He is very successful. He worked for … Show full comment
- The capital markets adjust based on the information and perceived political economic and political risks as the information becomes available to them. In this case, Obama's stimulus plans were published well before the inauguration and therefore markets already made the appropriate adjustments.
- Much of the banking and auto-industry was already nationalized before Obama's administration came to power
padokc (Republican) - 1 year ago
What would you do if you have been holding back in a cash position ... ready to buy some bargains ... and you think it can't get any worse...and you think the Obama stimulus is going to work by throw money at the problem... you BUY ... stupid.
I don't think we are anywhere near the bottom but apparently some did.
MrAmerica (Democratic) - 1 year ago
Reply to Patriot Watch
now we are sure you don't know what your talking about.
now we are sure you don't know what your talking about.
hey, you're the one saying that the market went down because it was reacting to Obama negatively.
btw, market is up 160 points or so today with his first day in office. what does that mean?
Patriot Watch (Independent) - 1 year ago
Reply to FreedomGirl
This was a reaction to the results released by the major banks and ongoing fears of the declining b … Show full comment
This was a reaction to the results released by the major banks and ongoing fears of the declining b … Show full comment
Thanks for your input. Actually the market reacted to what the King said if you watched the market.
Patriot Watch (Independent) - 1 year ago
Reply to MrAmerica
so its safe to assume, if the loss is because obama took office, that if the market ever recovers ov … Show full comment
so its safe to assume, if the loss is because obama took office, that if the market ever recovers ov … Show full comment
now we are sure you don't know what your talking about.
MrAmerica (Democratic) - 1 year ago
so its safe to assume, if the loss is because obama took office, that if the market ever recovers over say 8,200 points, then every point after that that is gained is because of obama... ok ill accept that. 4 years from now when the economy is over 10K i expect you to give obama full credit for the market gaining over 20% of its value.
padokc (Republican) - 1 year ago
How might the markets have reacted if McCain had been elected?
McCain is the candidate whose constant central promise was to hold back spending and make Congress accountable including the Treasury and to make Congress prove where every penny of the "stimulus" was being spent; to expose the pork and make every politician famous for it ... that would indeed have had a positive effect on the markets.
Nearly a trillion of spending already, and there is no accounting of it.
I refuse to believe a McCain presidency would not have had a more positive effect in the market than Obama's spend spend spend with any accounting.
You can see it in the history of Wallstreet. When Congress is deadlocked the market is always up.
MissGradenko 1 year ago
Reply to Right is Right
just "coincidence," right? we knew about that stuff already
just "coincidence," right? we knew about that stuff already
If you believe the markets have not priced-in the expected economic course of the Obama administration every minute of every day since November 4, and possibly even at a premium (I haven't seen it regressed), then it may be time for you to take an Edward Jones night class. You might see padokc and his son there, though in fairness it's not clear from his post.
Or you may be saying the event of yesterday's inauguration was a non-event for the markets, in which case the above comment would not be apt. But somehow I don't think so.
Patriot Watch (Independent) - 1 year ago
Reply to padokc
My son has been in commercial banking for going on 10 years. He is very successful. He worked for … Show full comment
My son has been in commercial banking for going on 10 years. He is very successful. He worked for … Show full comment
They don't get it my friend. I am preparing as fast as I can.
padokc (Republican) - 1 year ago
My son has been in commercial banking for going on 10 years. He is very successful. He worked for Wachovia and is now ... as you all know ... working for Wells Fargo ... maybe.
My son told me a YEAR and a HALF ago that the sub prime was going to bring the economy crashing down and that history would be made. He was scared spitless (sic). He was absolutely right wasn't he?
He says that the next three quarters will cause hearts to faint. This will take years to recover, he says, or maybe never and predicts a one nation bank for the US ... probably a government owned bank.
The wealthy have been soaked my friends. The blood of the turnip has been squeezed dry...unless this nation wants to confiscate what is left.
40% of our investments have evaporated ... that took years to accumulate.
The markets ... as he said ... are reacting to Obama's messages. He wants the government to grow and own your property...he is a socialist. He is for the nanny state.
If you refuse to see that you will before long.
Google: Black Liberation Theology which his pastor espoused and practiced for years. You will find Marxism.
Right is Right (Republican) - 1 year ago
Reply to FreedomGirl
This was a reaction to the results released by the major banks and ongoing fears of the declining b … Show full comment
This was a reaction to the results released by the major banks and ongoing fears of the declining b … Show full comment
just "coincidence," right? we knew about that stuff already
FreedomGirl 1 year ago
This was a reaction to the results released by the major banks and ongoing fears of the declining banking sector.
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