Is Obama to blame DOW Meltdown?

Discussion in 'Economy' started by CrusaderFrank, Nov 1, 2011.

  1. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Remember when the Dow was up because there was some announcement about Greece and all the libs were hooting and hollering that Obama saved the world?

    Guess what?

    DOW JONES 30 INDUSTRIAL AVERAGE (.DJI) As of: 11/01/2011, 12:22pm
    Last Trade [tick] 11,650.58[-] Prev Close Price 11,955.01
    Net Change -304.43 Prev Close Date 10/31/2011
    Net Change % -2.55% Open 11,951.53
    Day High 11,951.76 Chart | Option Chain
    Day Low 11,634.23

    Is Obama to blame?

    Is it because of Corzine?

    [​IMG]
     
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    Last edited: Nov 1, 2011
  2. iamwhatiseem
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    iamwhatiseem Gold Member

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    Obama has little to do with it.
     
  3. skipper
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    skipper VIP Member

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    The Dow Futures brought the market down before the cash market opened because of worries over the collapse of MF Global and the fact Europe's plan to contain the Greek debt crisis lacks details. Stop Trolling!
     
  4. PLYMCO_PILGRIM
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    PLYMCO_PILGRIM Gold Member

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    I don't think the president has a huge impact on the dow.

    HOWEVER, I will say this....for every forum goer who credited the president when the dow went over 12,000 for you guys this is his fault since he made it go up he made it go down. Same for those who are blaming this downturn on the pres, if it goes back up its his fault for you too.


    I think its a correction, the dow shouldn't have ben over 12,000

    Also for everyone, don't forget the impact of QE1 and QE2 on the stock market, it basically causes controlled inflation and the devaluing of the dollar, making stocks all cost more and the dow go up without any real wealth having been created.
     
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    Last edited: Nov 1, 2011
  5. iamwhatiseem
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    iamwhatiseem Gold Member

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    It doesn't lack anything.
    It is a cover up and looked like one from the start.

    The DOW for the last 7 weeks has been nothing more than a simple tug of war between the bubble builders and the realistic.
     
  6. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Were you here for the Lib high-fiving each other last week on the "record day for the dow"?
     
  7. PLYMCO_PILGRIM
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    PLYMCO_PILGRIM Gold Member

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    I was and those same people must be sad since, for them, this downturn is obama's fault too.....well unless they are hypocritical then this can be boehner's fault :lol:
     
  8. Foxfyre
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    Foxfyre Eternal optimist Gold Supporting Member Supporting Member

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    No trolling happening here except for those who show up for no apparent reason than to accuse others of trolling because they don't like the subject offered for discussion.

    This is a reasonable topic to discuss.

    My answer: Obama isn't responsible for yesterday and today's severe decline in the stock market EXCEPT in the part of it that has resulted from his refusal to make necessary corrections that would allow the U.S. economy to take off.

    Yesterday and today, the market is reacting to Greece's stubborn refusal to implement austerity measures demanded by the EU in return for pulling Greece back from the brink of bankruptcy. Even a tiny country like Greece send ripple effects through the world economy when it is in danger of defaulting on its internatonal debts.

    Obama's part in that is in his stubborn insistance on continuing with failed leftist policies and his all out economic war on American commerce and industry that has up to six trillion dollars in American assets sidelined and the economy stalled. If the USA was economically healthy, and it could have been after three years since the housing bubble crash, an economic stumble in Greece would not be of such importance.
     
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  9. PLYMCO_PILGRIM
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    PLYMCO_PILGRIM Gold Member

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    You guys want some trolling? Here i'll troll obama with a video

    [ame=http://www.youtube.com/watch?v=LMVAdC1T-I0]President Barack Hussein Obama Parody: I'll Bring It Down | Shanklin DowJones Nasdaq - YouTube[/ame]
     
  10. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Tea party! Bank ATM! Airport kiosk! Tsunami Earthquake Flood Locustssssssss
     

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