Leftism: denialism and the criminalization of reality

[SSG Snuggle Bunny]

spanone (68,847 posts)

looks like wall street is punishing america for choosing Obama. dow... -302
time for some prosecutions

cilla4progress (2,580 posts)
1. those f****ers

it'll come back ...

~2018

Kolesar (27,867 posts)
5. 289 points. What is that 2%?

Maybe earnings or European headlines are the story

still_one (29,321 posts)
3. Forget wall street. They are just a manipulated casino, who will NOT be able to get your Social

Security, which I suspect is the main reason they are down

What Soc Sec...it's a $23 TRILLION unfunded liability.

Jackpine Radical (34,702 posts)
7. They might also have some vague fear of a tightening of regulation.

Probably an unfounded fear, actually, what with a Republican House.

Totally unfounded...even though half the thread is demanding it be founded.

global1 (9,977 posts)
8. Is The Market Reacting To An Obama Win Or The Statements By McConnell & Boehner That They Will....

keep stonewalling and keep us in gridlock?

Paging Chris Matthews; your talking points are ready.

jschurchin (1,274 posts)
9. It has nothing to do with the election.

You need to look no farther than the comments made this morning by Mario Draghi about the financial situation in Europe.

http://www.zerohedge.com/news/2012-11-07/mario-draghi-sends-risk-reeling-after-exposing-bitter-european-truth

From the afoermentioned link:

It was shaping up like the perfect overnight ramp following yesterday's Goldilocks election result... and then Mario Draghi opened his mouth.

•DRAGHI SAYS DEBT CRISIS STARTING TO HURT GERMAN ECONOMY
•DRAGHI SAYS GERMAN RATES LOWER THAN THEY WOULD BE OTHERWISE
•DRAGHI: CRISIS MAKING GERMAN INTEREST RATES VERY LOW
•DRAGHI SAYS ECB'S OMT IS NOT DISGUISED FINANCING OF GOVERNMENTS - correct: it is quite overt

NONE of which could possibly have ANY relation to anticipated Obama policy.

OKNancy (27,398 posts)
11. has little to do with the election... It's Europe

there are negative growth reports.. US banks stocks are taking a hit, but it will last a week, and even out.

I'm thinking it'll take about 300 weeks.

Zoeisright (6,298 posts)
14. Who the **** cares?

retirees

Or as you call them, "useless eaters."

notadmblnd (16,661 posts)
17. the rich are pissed.

they couldn't buy themselves a president

At least they spend their own money, unlike Obama raiding the treasurey for $6TN to buy his legacy.

Warpy (65,372 posts)
19. These are sour grapes Republicans shooting themselves in the foot

because they believed all the bullshit and think Wall Street is doomed. That's part of it. The other part is that the dollar is up today, so foreign investors are taking profits. Dollar up, market down; dollar down, market up; that's been the pattern for some years now.

Some of that money is going into commodities. There was a large infusion into oil today.

Liar, stupid or stupid liar?

You be the judge:

Nov. 7 (Bloomberg) -- The dollar dropped the most in a week against the euro on speculation Barack Obama’s re-election as president will boost chances the U.S. will maintain monetary stimulus policies that tend to weaken the greenback.

Read more: http://www.sfgate.com/business/bloomberg/article/Dollar-Falls-as-Obama-Re-Election-Paves-Way-for-4015614.php#ixzz2BYXIell

wishlist (2,758 posts)
21. Glad they waited till today instead of before election

I was on pins and needles the past few weeks fearing that market players would cause a big selloff, possibly hurting Obama's chances. I have heard over 90% of the time incumbent's have been reelected when the market is higher on election day than it was on Labor Day and the market was up yesterday over Labor Day.

Some stocks will do better under Obama so things should settle out after a readjustment period. [Merriam-Webster's calls that "fascism." --Sgt SB]

At least oil and gas came down again today which helps the average American's budget. I need to buy a tank of heating oil so it helps me, but I do sympathize with those who have market investments.

PowerToThePeople (1,378 posts)
23. let em drop it.

When (hopefully) the middle and lower classes get a boost, we can purchase the country back on the cheap.

I did not know you could use an EBT card to purchase stock.

Ya learn something new every day, I suppose.

farmbo (2,693 posts)
28. Wall Street Dandies throwing tantrums...

...with other peoples' money. LOL!
These guys are creepy.

Now watch as the serious buyers come in this afternoon to sweep up the bargains.

 

dawg (4,545 posts)
33. I hope it gets worse. It would be a good opportunity ...

for smart investors like Warren Buffett, George Soros, and ...um ... dawg, to swoop in and purchase shares of good companies at a discount. I like to buy things on sale.

coalition_unwilling (12,810 posts)
34. For those who still play the market, today is a wonderful opportunity to

buy high-quality stocks and low-cost mutual funds at a 1-2% discount. Apple has fallen about 15% off its all-time high of $700/share, for example, but is down another 3% today for no material reason that I can see other than that Capital has gone on strike. But does anyone here doubt any longer that Apple as a brand and cash generator has staying power and solid growth prospects?

The DOW doubled, yes DOUBLED, from 2009-2012. So Capital's little fit of pique today needs to be placed in a larger, longer-term context.

Unless you think that we are heading into another recession (most economists do not), there's good reason to diversify into stocks. And today there's a one-day sale. When the capitalists are selling is when we liberals should be buying (and, to a lesser but still significant extent, vice versa).

B Calm (17,063 posts)
37. Should have been some prosecuting 4 yrs ago!

http://www.democraticunderground.com/10021751022

[Gina]

They want WS prosecuted but not Obama for the murder of 4 American's. Really? 

[NHSparky]

Dear DUmmies...look for multiple (yes, multiple) credit downgrades in the coming months, when Bernake can no longer print money because nobody will lend us any.

[jtyangel]

They are such morons...prosecutions on who? People and businesses selling their holdings to protect themselves? Hey dummies.... ...Just exemplifies how stupid the average democrat is to how the investment markets work. They really do think there is some big leviathan like guy with a cigar in his mouth sitting on his massive ass in a massive leather chair with dollars coming out of his pockets manipulating things...

[Linda]

They want WS prosecuted but not Obama for the murder of 4 American's. Really? 

Exactly!!!!!

[wasp69]

Market down, dollar down the morning after a know nothing marxist is reelected by the entitlement horde is a natural reaction.  Sorry, DUmbasses, but after 4 years of misery that you selfish ****s doubled down on, I have two words for you...



No more blaming Bush, kids, it all belongs to barry.  And every time one of you whines about how bad you have it, I'll more more than happy to push that back into your faces.

[USA4ME]

coalition_unwilling

When the capitalists are selling is when we liberals should be buying.

Except for the fact that you primitives (and libs in general) don't have 2 nickels to rub togther, you could be right.

.

[SSG Snuggle Bunny]

They want WS prosecuted but not Obama for the murder of 4 American's. Really? 

Dead men pay no taxes...so they're useless to the moochers.

[zeitgeist]

Except for the fact that you primitives (and libs in general) don't have 2 nickels to rub togther, you could be right.

.

And when your shoe shine boy starts giving you stock advice it is time to head for the exit.

[USA4ME]

spanone

looks like wall street is punishing america for choosing Obama

I'm going to do you primitives a favor and explain why this is happening.

You have a lot of investors taking profits today because they expect the capital gains tax to go up next year.  And it will go up some, it's just a matter of where the threshold starts for the higher rates.  Ergo, sell now and pay 15% or hold until next year and possibly pay more.

Lots of old people live off their investments, so to capital gains tax them at 20%+ would bring down fire and brimstone upon the heads of Congress, so that won't happen.  Expect a threshold of higher capital gains taxes after the first $300K-$500K.  

The same people selling will likely be buying back later today on a down market.

Does the dollar having a lower value compared to the Euro have anything to do with it?  It would in companies whose business is mainly conducted in the Euro, but most companies it would have little effect.

Look primitives, the reason you have no money is because you don't understand how these things work.  And you never will as long as you let your political ideology get in the way of reality.

.

[Ptarmigan]

Dear DUmmies...look for multiple (yes, multiple) credit downgrades in the coming months, when Bernake can no longer print money because nobody will lend us any.

I can see that happening very soon. Inflation is coming.

[Carl]

Warpy (65,372 posts)
19. These are sour grapes Republicans shooting themselves in the foot

because they believed all the bullshit and think Wall Street is doomed. That's part of it. The other part is that the dollar is up today, so foreign investors are taking profits. Dollar up, market down; dollar down, market up; that's been the pattern for some years now.

Some of that money is going into commodities. There was a large infusion into oil today.

Assuming that is true and did not check just think for a minute why that would be.

Perhaps the fact that the fed putting the printing presses into overdrive makes all commodity futures a good bet.
Also with 4 more years of barrys energy policy does anyone think the price of oil will come down?

[Chris_]

The current debt ceiling will be reached by the end of the year.  $16 Trillion dollars.

Throw in the end of the "payroll tax cut", the Bush tax cuts, and Obamacare on January 1 and... well, we will see, won't we?

[Ptarmigan]

The current debt ceiling will be reached by the end of the year.  $16 Trillion dollars.

Throw in the end of the "payroll tax cut", the Bush tax cuts, and Obamacare on January 1 and... well, we will see, won't we?

More like $20 Trillion.

[RayRaytheSBS]

Warpy (65,372 posts)
19. These are sour grapes Republicans shooting themselves in the foot

because they believed all the bullshit and think Wall Street is doomed. That's part of it. The other part is that the dollar is up today, so foreign investors are taking profits. Dollar up, market down; dollar down, market up; that's been the pattern for some years now.

Some of that money is going into commodities. There was a large infusion into oil today.

Assuming that is true and did not check just think for a minute why that would be.

Perhaps the fact that the fed putting the printing presses into overdrive makes all commodity futures a good bet.
Also with 4 more years of barrys energy policy does anyone think the price of oil will come down?

Not in the slightest, I Have a feeling that by the end of next year, the price of gas will look something like I was paying in Germany in 2006; about 8 bucks a gallon. The crappy thing about it is there will be no Esso Coupons to buy so that I don't have to pay that ridiculous price... As has been said before on this site, if that comes to pass, all the democrats who post at democraticunderground.com will definitely need to OWN IT! As will the Teleprompteur In Chief. No way to blame it on Booooooosh at that point.

[Dori]

Reid came out saying how he wants to work with the House but won't be pushed.  (meaning he has no intention of compromising)

Maybe if they got everything they want and it implodes on top of them, will the voters then wake up?

[Duke Nukum]

Reid came out saying how he wants to work with the House but won't be pushed.  (meaning he has no intention of compromising)

Maybe if they got everything they want and it implodes on top of them, will the voters then wake up?

I somehow don't think so. What is the antidote to magical thinking?

[bcsco]

They really do think there is some big leviathan like guy with a cigar in his mouth sitting on his massive ass in a massive leather chair with dollars coming out of his pockets manipulating things...

Huh? Is there a security camera somewhere in my house? You just described me. Well, except for the dollars coming out of my pockets...