The Conservative Cave

Current Events => Economics => Topic started by: Baruch Menachem on March 17, 2009, 09:30:23 AM

Title: Watching the dow and the president
Post by: Baruch Menachem on March 17, 2009, 09:30:23 AM

I was watching a small bit of 0bama's news conference.  They had the Dow numbers in the bottom corner of the screen while he was talking.  It was like watching a Greek Drama, he talks the Dow tanks.   It went down from positve 60 to negative 2 before I left.

Title: Re: Watching the dow and the president
Post by: Bluesuiter-Retired on March 17, 2009, 11:57:18 AM

When the DOW was in its decline, "the messiah" told us to ignore the ups and downs.

Now that the DOW is slowly on the rise, suddenly "the messiah" is all giggles about the DOW.

Title: Re: Watching the dow and the president
Post by: RightCoast on March 17, 2009, 03:26:38 PM

Quote from: Bluesuiter-Retired on March 17, 2009, 11:57:18 AM

When the DOW was in its decline, "the messiah" told us to ignore the ups and downs.

Now that the DOW is slowly on the rise, suddenly "the messiah" is all giggles about the DOW.

His teleprompter meant "ignore the downs."

Title: Re: Watching the dow and the president
Post by: Peter3_1 on March 21, 2009, 08:48:25 PM

He spoke again, and most of the gains were lost. The street knows what he is, and being reminded just by hearing his phonyness mades the Market lose confidence.

Title: Re: Watching the dow and the president
Post by: Jim on March 22, 2009, 10:01:57 AM

with the late news Friday on his forecasts and such I expect the markets to resume their decline.  the manufactured rally built on meaningless news from CITI will evaporate.

Title: Re: Watching the dow and the president
Post by: Peter3_1 on March 22, 2009, 11:54:52 AM

CBO report stated that the idiotic "Cap and Trade"
 idea will doom the nation to third world status. The report I heard also began to mention "rapid inflation" (hyper inflation a la 1944 Germany) , and the vague possibility of depression.

Yet, still no releaf from "mark to market", no reinstatment of the "uptick" rule, and only now talk of an exchange for bundled securities , "credit default" assets, that would include margin requirements. As these are the riskiest of all, I'd like to see 60% margins required.

When there is a zero margin, as with the 100% and + loans that brought us to this juncture, the end is ALWAYS a disaster.

But the Cin C continues to talk out his fifth point about not doing things until the business cycle can be tamed. Facts are the cycle cannot be tamed IF yiou want wealth creation, but if you are staisfied to let your children freeze and starve in the dart, perminant stability CAN be reached. Just ask the N. K