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Author Topic: U.S. Stocks Decline Amid Skepticism About Fed Bond Purchases  (Read 1728 times)

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Offline Black Swan

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U.S. Stocks Decline Amid Skepticism About Fed Bond Purchases
« on: March 19, 2009, 07:08:11 PM »
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March 19 (Bloomberg) -- U.S. stocks retreated, paring a global rally, as financial shares fell for the first time in three days on growing skepticism the Federal Reserve’s plan to buy bonds will revive the economy.

JPMorgan Chase & Co., Morgan Stanley and Goldman Sachs Group Inc. declined at least 5.7 percent. Prudential Financial Inc., the second-biggest U.S. life insurer, tumbled 25 percent after its senior debt rating was downgraded by Moody’s Investors Service because of investment losses. Oracle Corp. led an advance in technology shares after its earnings topped estimates and the company said it will start paying a dividend.

The Standard & Poor’s 500 Index dropped 1.3 percent to 784.04. The Dow Jones Industrial Average lost 85.78 points, or 1.2 percent, to 7,400.80. The Russell 2000 Index of small companies slumped 1.1 percent to 413.26. The MSCI World Index of 23 developed markets added 1.5 percent to 800.98, giving it an eight-day winning streak that’s the longest since 2006.

“With one hand the government is issuing debt, and with the other it’s repurchasing it using paper that it is printing,” said Lawrence Creatura, a Rochester, New York-based money manager at Federated Investors Inc., which oversees $407 billion. “This is a shell game that’s not going to be overlooked by global investors.”

http://www.bloomberg.com/apps/news?pid=20601087&sid=atCnHHWcLOh8&refer=home



Emphasis added by me.  Is this called slight of hand? Where are we headed?
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Offline RightCoast

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Re: U.S. Stocks Decline Amid Skepticism About Fed Bond Purchases
« Reply #1 on: March 19, 2009, 07:25:03 PM »
Every time the market ticks up barack kicks wall street in the balls. Is there anybody here that doesn't think he's doing it on purpose.  Because he is.
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Offline Lacarnut

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Re: U.S. Stocks Decline Amid Skepticism About Fed Bond Purchases
« Reply #2 on: March 19, 2009, 07:35:08 PM »
Quote from: RightCoast on March 19, 2009, 07:25:03 PM
Every time the market ticks up barack kicks wall street in the balls. Is there anybody here that doesn't think he's doing it on purpose.  Because he is.

You give an amateur like Obama too much credit. I think he is just plain stupid and does not have a clue. . 
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Offline Black Swan

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Re: U.S. Stocks Decline Amid Skepticism About Fed Bond Purchases
« Reply #3 on: March 19, 2009, 07:41:56 PM »
Totus is dumber than a box of rocks.  It is the man behind the curtain pulling the strings--I want to know who that man is. 
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Offline RightCoast

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Re: U.S. Stocks Decline Amid Skepticism About Fed Bond Purchases
« Reply #4 on: March 19, 2009, 07:44:28 PM »
Quote from: Lacarnut on March 19, 2009, 07:35:08 PM
You give an amateur like Obama too much credit. I think he is just plain stupid and does not have a clue. . 

He is stupid. But he is no amateur, he is a professional America hater and has been his whole life.
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Offline Black Swan

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Re: U.S. Stocks Decline Amid Skepticism About Fed Bond Purchases
« Reply #5 on: March 19, 2009, 07:53:45 PM »
He kinda reminds me of a hatchet-man that's hired to do a job but his job is to take our country down.  I really believe someone else is in control while he plays basketball, parties and campaigns.  He loves hearing his own voice and people fawning all over him-yet he has a heart of stone.
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Offline Hawkgirl

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Re: U.S. Stocks Decline Amid Skepticism About Fed Bond Purchases
« Reply #6 on: March 19, 2009, 10:00:32 PM »
Quote from: Black Swan on March 19, 2009, 07:41:56 PM
Totus is dumber than a box of rocks.  It is the man behind the curtain pulling the strings--I want to know who that man is. 
Acorn? Media Matters? The communist party of America under some other guise.
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Offline Attero Dominatus

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Re: U.S. Stocks Decline Amid Skepticism About Fed Bond Purchases
« Reply #7 on: March 20, 2009, 12:42:09 AM »
Quote from: RightCoast on March 19, 2009, 07:25:03 PM
Every time the market ticks up barack kicks wall street in the balls. Is there anybody here that doesn't think he's doing it on purpose.  Because he is.

I believe it. Crashing the economy gives them a perfect excuse to impose socialism to 'save' it.
« Last Edit: March 20, 2009, 12:46:30 AM by Attero Dominatus »
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