Stock market up and down.

[Charles_Main]

The Dow Dropped 1000 points in 2 days, and the Press was all over it. Talking doom and gloom.

Now in the last 2 days so far it is back up 700 Points, and the press is silent on it.

I guess the ups do not help their guy Obama as much as the downs.

 

[gonegolfin]

The Dow Dropped 1000 points in 2 days, and the Press was all over it. Talking doom and gloom.

Now in the last 2 days so far it is back up 700 Points, and the press is silent on it.

I guess the ups do not help their guy Obama as much as the downs.

This is what you get when you have heavy-handed government intervention in supposedly free markets. This is socialism at its worst. Make no mistake, our financial system is in serious trouble and is now being back-stopped by the taxpayer.

It should not be a surprise to any that the markets have behaved exactly the way they did Monday -> Thursday, and then today. I covered the reasons in several posts on this forum.

Brian

 

[Charles_Main]

This is what you get when you have heavy-handed government intervention in supposedly free markets. This is socialism at its worst. Make no mistake, our financial system is in serious trouble and is now being back-stopped by the taxpayer.



Brian

Absolutely.

To the tune of 1 trillion dollars. This is nothing but delaying the inevitable. However that does not change my point that some in the press seem to only want to report when the markets are dropping, and ignore when they are going up.

 

[Care4all]

Absolutely.

To the tune of 1 trillion dollars. This is nothing but delaying the inevitable. However that does not change my point that some in the press seem to only want to report when the markets are dropping, and ignore when they are going up.

today i was hearing it might be as high as $1.5 trillion

 

[dilloduck]

today i was hearing it might be as high as $1.5 trillion

is that more than a thousand ?

 

[gonegolfin]

Absolutely.

To the tune of 1 trillion dollars. This is nothing but delaying the inevitable. However that does not change my point that some in the press seem to only want to report when the markets are dropping, and ignore when they are going up.

Maybe you have not watched much of BubbleVision over the years?

Brian

 

[editec]

The Dow Dropped 1000 points in 2 days, and the Press was all over it. Talking doom and gloom.

Now in the last 2 days so far it is back up 700 Points, and the press is silent on it.

I guess the ups do not help their guy Obama as much as the downs.

It's not silent, what are you talking about?

I listen to the news all day long.

Believe me, the press is falling all over itself to tell us that happy days are here again, right now on three networks.

You know which one isn't singing the hap-hap-happy song? Fox news.

They're still ventilating about the fact that the banks got bailed out.

Good for them.

Everyone is holding their breath now to see what "THE PLAN" is that the treasury and Fed are going to come up with on Monday.

The stock market is now only an indicator of American investors' hopse and fears.

The market has no idea what it's doing because it no longer knows what the rules of the game are, and it won't know whether to shit or go blind until they know what "THE PLAN" is.

 

[gonegolfin]

It's not silent, what are you talking about?

I listen to the news all day long.

Believe me, the press is falling all over itself to tell us that happy days are here again, right now on three networks.

Indeed.

You know which one isn't singing the hap-hap-happy song? Fox news.

They're still ventilating about the fact that the banks got bailed out.

Good for them.

Yes, I know that Cavuto is not a big fan of what has been happening. There was a lot of unease on Fox last night when our "leaders" took the stage to break the news.

I will give credit to BubbleVision's Mark Haines this morning when he was giving Cramer (the ultimate socialist) a hard time on the bailout and how any bailout was unfair to taxpayers.

Brian

 

[rachelluetle]

Oh this is some real BULL-SHIT, when you are not financially stable you FAIL, that is the whole idea of America. Tell the f'n stock companies to DIE, and stay out of my pocket!

 

[rachelluetle]

Oh this is some real BULL-SHIT, when you are not financially stable you FAIL, that is the whole idea of America. Tell the f'n stock companies to DIE, and stay out of my pocket!!!

 

[Diuretic]

The Dow Dropped 1000 points in 2 days, and the Press was all over it. Talking doom and gloom.

Now in the last 2 days so far it is back up 700 Points, and the press is silent on it.

I guess the ups do not help their guy Obama as much as the downs.

You should log onto some Aus media sites, the story is everywhere - with some interesting analyses.

 

[Diuretic]

Oh this is some real BULL-SHIT, when you are not financially stable you FAIL, that is the whole idea of America. Tell the f'n stock companies to DIE, and stay out of my pocket!

It's not about one or two companies failing, it's about the whole financial system of the world being under threat because of what has happened in te US. Not protecting the financial system is madness. Bush and Paulson have done exactly what they should do, they've used socialist principles to protect the current financial system. After it stabilises - and it's far from stable right now - there will have to be some clear-minded thinking by governments and institutions in the western world to see why this happened and regulate to ensure it doesn't happen again.

 

[rachelluetle]

No bail-outs

The americans that know how to pay their bills like me, and have no credit cards, and do not barrow more than they can pay back are getting F***ed, thank you on behalf of the responsible americans..........

 

[rachelluetle]

No bail-outs

Let them go out of business ....The americans that know how to pay their bills like me, and have no credit cards, and do not barrow more than they can pay back are getting F***ed, thank you on behalf of the responsible americans..........

 

[Toro]

This has been all over the news.

Wall Street, the Bush administration and the Fed have done more to advance socialism in America than the socialists.

 

[Care4all]

It's not about one or two companies failing, it's about the whole financial system of the world being under threat because of what has happened in te US. Not protecting the financial system is madness. Bush and Paulson have done exactly what they should do, they've used socialist principles to protect the current financial system. After it stabilises - and it's far from stable right now - there will have to be some clear-minded thinking by governments and institutions in the western world to see why this happened and regulate to ensure it doesn't happen again.

What really would happen if we let it fail? It deserves to fail, it earned it?

Where the hell was the SEC, absent the past 5 years?

Can someone explain WHY this is happening and WHY NO ONE seems to have a handle on the whole truth and how much money is really at stake in this bail out?

And what is this bill that came about in 2000 that supposedly Phil Graham added and Clinton signed that caused or allowed this mess....who wrote this bill for Phil Graham? The banking industry??? Why did Clinton sign it and not veto it and was this the same bill of phil graham's that allowed the Enron loophole back in 2001?

I am hearing all kinds of stuff about this on the financial news but NO ONE seems to go in to it to explain it?

Won't our Credit rating being lowered hurt our country even more than bailing these suckers out because now interest rates will have to go up in order for people to buy our debt and eventually use all of our tax monies collected just to pay the interest on the debt?

And how many sets of books does the usa gvt have...?

I don't think Congress or the treasury should do anything until SOMEONE can tell us the whole story and know the whole story....jumping in to bail out is a mistake without knowing the amount it will take to bail out and WHY this happened in the first place....?

if it affects the whole WORLD why isn't the WHOLE WORLD helping to bail these suckers out?

 

[editec]

I will give credit to BubbleVision's Mark Haines this morning when he was giving Cramer (the ultimate socialist) a hard time on the bailout and how any bailout was unfair to taxpayers.

Brian

Cramer called the takeover if AIG "confiscatory".

He likened that move to something the Marxists would have done.

His socialist bono fides are somewhat dubious, given that, don't you think. Brian?

I will admit that he thinks that the government had to step in to prevent a complete meltdown of the banking system, though.

I think Cramer is a moderate leaning ever so slightly to the right.

I find him very amusing to be honest.

 

[editec]

It's not about one or two companies failing, it's about the whole financial system of the world being under threat because of what has happened in te US. Not protecting the financial system is madness. Bush and Paulson have done exactly what they should do, they've used socialist principles to protect the current financial system. After it stabilises - and it's far from stable right now - there will have to be some clear-minded thinking by governments and institutions in the western world to see why this happened and regulate to ensure it doesn't happen again.

While I quite agree that something needed to be done, I wish I had your faith that what is being done is going to help.

I cannot wait to see "The PLAN".

I expect that they'll put the American taxpayer squarely at risk for picking up the lions dshare of the bill for this mess, and I am not at all sure even that is going to work because the USA is essantially broke.

Screw the people, screw the nation.

simply as that.

You can screw them a little of course, but when the greed of the ruling class is allowed to run rampant, as it has been for the last three decades or so, eventually the people are so hard pressed just to make ends meet, that the nation itself grow weak and poor...as it is becoming right now.

 

[gonegolfin]

Cramer called the takeover if AIG "confiscatory".

He likened that move to something the Marxists would have done.

He does believe that what government did with AIG was a violation of private property rights. I give him credit here. But Cramer preferred a bailout of AIG where everyone was made whole.

His socialist bono fides are somewhat dubious, given that, don't you think. Brian?

Just this one stance does not make it so. He has repeatedly been in favor of bailouts of Wall Street and his buddies ... ever since this crisis began over one year ago. Cramer is first and foremost a protector of Wall Street and believes in privatizing the profits and socializing the losses.

I will admit that he thinks that the government had to step in to prevent a complete meltdown of the banking system, though.

Yep. But as I said, it is more than just that.

I think Cramer is a moderate leaning ever so slightly to the right.

No, Cramer leans left of center. He has admitted as such for years. This is one of the reasons Kudlow and Cramer were paired together in their original show.

Brian

 

[sealybobo]

The Dow Dropped 1000 points in 2 days, and the Press was all over it. Talking doom and gloom.

Now in the last 2 days so far it is back up 700 Points, and the press is silent on it.

I guess the ups do not help their guy Obama as much as the downs.

Listen dumb ass. I used to play this game with my gop buddies. They'd show me when the market went up and i'd show him when it went down. For 8 yrs he used the market to show me the economy was strong. He didn't want to talk about employment, consumer confidence, inflation, etc.

The world dumped money into the stock market to prevent a complete meltdown. That's why it went off.

Are you suggesting our troubles are behind us?

Are you still saying this isn't a recession? If not for the economic stimulous package, we'd be in one, and it didn't solve the problem.

You really are the smartest dumb guy I know. You should listen more than you talk. Ever do sales? Use the 80 20 rule. Talk 20 percent of the time and listen 80, dumb ass.