Hope and Change Update- Dow Jones at 10,000

[Neotrotsky]

Hope and Change Update- Dow Jones falls below 10,000



The Dow fell below 10,000 Thursday for the first time since last November amid worries about the US job market and Europe's ability to get a grip on its debt.

In the final, hair-raising minute of trading, the Dow Jones Industrial Average fell below that 10,000 mark, before popping back up a few points to end at 10,002.18.

 

[Xenophon]

Yes, just read about it.

With today's decline, the Dow is now down more than 4 percent for the year.

The selloff left a lot of anxiety in the market heading into tomorrow's session — and the jobs report. There was some buzz on the floor that this may be the beginning of a full-blown correction, which would be a 10-percent drop from January's highs. The level to watch is 1,035 on the S&P.

Dow Down 4% for 2010 After Brutal Selloff - CNBC

How long before Dr Goebels..er...'Robert Gibbs' tells us we are recovering.

 

[Darkwind]

It is only February. Some fluctuation of the markets are to be expected over the next 2.5 quarters. The key will be where the S&P 500 will be come next October.

I wouldn't worry about this.

 

[Neotrotsky]

Yes, just read about it.

With today's decline, the Dow is now down more than 4 percent for the year.

The selloff left a lot of anxiety in the market heading into tomorrow's session — and the jobs report. There was some buzz on the floor that this may be the beginning of a full-blown correction, which would be a 10-percent drop from January's highs. The level to watch is 1,035 on the S&P.

Dow Down 4% for 2010 After Brutal Selloff - CNBC

How long before Dr Goebels..er...'Robert Gibbs' tells us we are recovering.

The left and the MSM (is there a difference) will tell us that this was an "unexpected" drop

 

[Oldandtired]

People cashing in.
Has nothing to do with political policy just as the increase of the last several months had nothing to do with it as well.

 

[rightwinger]

10,000?

Thats where it was nine years ago when the Republicans took control

Eight years later.........8000

Now THAT was change

 

[Neotrotsky]

10,000?

Thats where it was nine years ago when the Republicans took control

Eight years later.........8000

Now THAT was change

Tell me about, did you see how the market fell right after Papa Obama got elected?


What were the figures at it's highest during those eight years?

Truth is the worst enemy of the left - which is why you poorly attempted to avoid it

 

[txlonghorn]

Yes, just read about it.

With today's decline, the Dow is now down more than 4 percent for the year.

The selloff left a lot of anxiety in the market heading into tomorrow's session — and the jobs report. There was some buzz on the floor that this may be the beginning of a full-blown correction, which would be a 10-percent drop from January's highs. The level to watch is 1,035 on the S&P.

Dow Down 4% for 2010 After Brutal Selloff - CNBC

How long before Dr Goebels..er...'Robert Gibbs' tells us we are recovering.

I'd say tomorrow...that idiot will say anything

 

[Bill O'Olberman]

Excuse me, I am a Republican Robot with a short memory who really tends to forget those little important details when spewing my partisan rubish. Where was the Dow around mid-March, 2009? Surely it must have been higher, like 1,000,000 or something, because the stimulus package hadnt yet been passed. I mean Obama single handedly while being born in Kenya caused the housing bubble to burst, a credit crisis, and like 9 trillion dollar national debt all before even becoming president.

 

[Neotrotsky]

Excuse me, I am a Republican Robot with a short memory who really tends to forget those little important details when spewing my partisan rubish. Where was the Dow around mid-March, 2009? Surely it must have been higher, like 1,000,000 or something, because the stimulus package hadnt yet been passed. I mean Obama single handedly while being born in Kenya caused the housing bubble to burst, a credit crisis, and like 9 trillion dollar national debt all before even becoming president.

Of course Papa Obama's stimulus package did not do those things;
in fact, it appears Papa Obama's Pork stimulus bill did not do anything (except put us more into debt)


If the numbers in mid-March 2009 speak well of Papa Obama then the numbers of Oct 2007 (14,164) speak really well of Bush

 

[rightwinger]

10,000?

Thats where it was nine years ago when the Republicans took control

Eight years later.........8000

Now THAT was change

Tell me about, did you see how the market fell right after Papa Obama got elected?


What were the figures at it's highest during those eight years?

Truth is the worst enemy of the left - which is why you poorly attempted to avoid it

Lets see....

My 401K lost 23% during the Bush Debacle

Its up 41% under Obama

 

[rightwinger]

What were the figures at it's highest during those eight years?

It actually hit 14000 at Bush's highest......

If you were playing Blackjack and started at $10,000 and eventually built it up to $14,000 but by the end of the night you walked away from the table with $8000....do you tell everyone you won?

That is the Bush Legacy.......Your investments lost during his Presidency

Your retirement, your house, your portfolio

 

[Neotrotsky]

10,000?

Thats where it was nine years ago when the Republicans took control

Eight years later.........8000

Now THAT was change

Tell me about, did you see how the market fell right after Papa Obama got elected?


What were the figures at it's highest during those eight years?

Truth is the worst enemy of the left - which is why you poorly attempted to avoid it

Lets see....

My 401K lost 23% during the Bush Debacle

Its up 41% under Obama

So what !
I lost less than 5 percent because I knew when/how to diversify my portfolio




You know the blame Bush does not work anymore
Besides, why blame Bush because you do not how to invest your money.
You apparently don't know when to let go of losers- sort of like Papa Obama

 

[Dont Taz Me Bro]

Lets see....

My 401K lost 23% during the Bush Debacle

Its up 41% under Obama

You would have seen that gain pretty much regardless of who won the '08 election.

 

[Neotrotsky]

10,000?

Thats where it was nine years ago when the Republicans took control

Eight years later.........8000

Now THAT was change

Tell me about, did you see how the market fell right after Papa Obama got elected?


What were the figures at it's highest during those eight years?

Truth is the worst enemy of the left - which is why you poorly attempted to avoid it

Lets see....

My 401K lost 23% during the Bush Debacle

Its up 41% under Obama

So what !
I lost less than 5 percent because I knew when/how to diversify my portfolio




You know the blame Bush does not work anymore
Besides, why blame Bush because you do not how to invest your money

 

[rightwinger]

Tell me about, did you see how the market fell right after Papa Obama got elected?


What were the figures at it's highest during those eight years?

Truth is the worst enemy of the left - which is why you poorly attempted to avoid it

Lets see....

My 401K lost 23% during the Bush Debacle

Its up 41% under Obama

So what !
I lost less than 5 percent because I knew when/how to diversify my portfolio




You know the blame Bush does not work anymore
Besides, why blame Bush because you do not how to invest your money

Your thread, my friend

Now you are ducking the facts

If you invested $10,000 in the market when Bush took office, you would have less than $8000 when he left

If you invested $8000 in the market when Obama took office....you would have $10,000 today

 

[Bill O'Olberman]

Excuse me, I am a Republican Robot with a short memory who really tends to forget those little important details when spewing my partisan rubish. Where was the Dow around mid-March, 2009? Surely it must have been higher, like 1,000,000 or something, because the stimulus package hadnt yet been passed. I mean Obama single handedly while being born in Kenya caused the housing bubble to burst, a credit crisis, and like 9 trillion dollar national debt all before even becoming president.

Of course Papa Obama's stimulus package did not do those things;
in fact, it appears Papa Obama's Pork stimulus bill did not do anything (except put us more into debt)


If the numbers in mid-March 2009 speak well of Papa Obama then the numbers of Oct 2007 (14,164) speak really well of Bush

The numbers of mid-March 2009 pretty much reflected the disastrous clusterfuck of a situation we where in at the time. Seriously Dow 14000 to 6500 in a year and a half. While unemployment is all but inspiring we did have GDP growth the past two quarters, i do realize part of that is government spending. I mean to say the economy is worse now than a year ago would be false.

 

[Neotrotsky]

Lets see....

My 401K lost 23% during the Bush Debacle

Its up 41% under Obama

So what !
I lost less than 5 percent because I knew when/how to diversify my portfolio




You know the blame Bush does not work anymore
Besides, why blame Bush because you do not how to invest your money

Your thread, my friend

Now you are ducking the facts

If you invested $10,000 in the market when Bush took office, you would have less than $8000 when he left

If you invested $8000 in the market when Obama took office....you would have $10,000 today

I am not "ducking any facts"

If you knew when or how to pull your money out during Bush's term, you would have a lot more money- sorry but that is true
What would have happened if you pulled your money out when it was at 14,000 or diversified to less risky investments- you would have more
Again, don't blame Bush for your greed or misread on the market

(side note- your figures assume a perfect beta match) i.e what if you bought $8,000 worth of losing stocks

 

[Neotrotsky]

Excuse me, I am a Republican Robot with a short memory who really tends to forget those little important details when spewing my partisan rubish. Where was the Dow around mid-March, 2009? Surely it must have been higher, like 1,000,000 or something, because the stimulus package hadnt yet been passed. I mean Obama single handedly while being born in Kenya caused the housing bubble to burst, a credit crisis, and like 9 trillion dollar national debt all before even becoming president.

Of course Papa Obama's stimulus package did not do those things;
in fact, it appears Papa Obama's Pork stimulus bill did not do anything (except put us more into debt)


If the numbers in mid-March 2009 speak well of Papa Obama then the numbers of Oct 2007 (14,164) speak really well of Bush

The numbers of mid-March 2009 pretty much reflected the disastrous clusterfuck of a situation we where in at the time. Seriously Dow 14000 to 6500 in a year and a half. While unemployment is all but inspiring we did have GDP growth the past two quarters, i do realize part of that is government spending. I mean to say the economy is worse now than a year ago would be false.

Really, the market's tendency is to go up over the long run
During bulls and bears investors can and do make money on the market.
The market is less reflective of true economic health than it is reactive to people's "emotions" or feelings about the economy. People made money on the market even during the Great Depression.

As for real economic health, it seems Papa Obama may have miscalculated by putting his emphasis, untimely, on social leftist "reform" instead of jobs. Granted, they like to claim the Pork Bill was for that....however, it ended up being nothing more than "slush" fund for Democrats. Again here, he failed by allowing politicians like Pelosi and Reid write most of the bill and run the show on it.

I mean to say the economy is worse now than a year ago would be false.

If you are basing it on two GDP growths (most likely, with the current one getting downgraded like the last) I would disagree with that statement.
However, in the long run, I would say it does not appear that good at this point in time.

Ironically, once it became clear that Papa Obama's healthcare plan is fully off the table, the economy will probably pick up more because of business's decreased fear of the unknown cost factors his new socialist programs would cost them.

 

[Toro]

I'm amused when highly politically partisan people talk about the stock market. They usually don't know much.

The market is selling off because of debt fears in Europe. We're probably going lower still.