Todays DOW Plunge VS The Obama DOW Plunge To 6,500.Which Was Worse?

[Rexx Taylor]

So what? So the DOW took a hit today. It's not as if 700,000 people lost their jobs while Wells Fargo shut down it's doors and didn't give their customers their money back. For the terminally stupid people here who think this was the end of the world,,this had nothing to do with the Trump economic boom.
But when Obama tanked the DOW To about 6500, that was because of the Obama Recession.
Us normal conservatives are not concerned. It was just a concern over the FEDs jacking up the interest rate.
We aint worried, it will go back up again!

 

[Moonglow]

The DOW was tanking before Oblama took office..

 

[Mac1958]

Obama tanked the Dow?

Obama?
.

 

[Rexx Taylor]

The DOW was tanking before Oblama took office..

I know.that's when I sold my stock in Chinese Buffets and Doggy pooper scoopers

 

[JimBowie1958]

Obama tanked the Dow?

Obama?
.

Yeah, partisanship is that bad.

Rex, Obama had nothing to do with the stock market crash of 2008.

Seriously.


And this latest one isnt really a crash yet. It is a sell off on rumors of the Fed raising interest rates.

 

[Mac1958]

Obama tanked the Dow?

Obama?
.

Yeah, partisanship is that bad.

Rex, Obama had nothing to do with the stock market crash of 2008.

Seriously.


And this latest one isnt really a crash yet. It is a sell off on rumors of the Fed raising interest rates.

Yep. This stuff is fine.
.

 

[ABikerSailor]

So what? So the DOW took a hit today. It's not as if 700,000 people lost their jobs while Wells Fargo shut down it's doors and didn't give their customers their money back. For the terminally stupid people here who think this was the end of the world,,this had nothing to do with the Trump economic boom.
But when Obama tanked the DOW To about 6500, that was because of the Obama Recession.
Us normal conservatives are not concerned. It was just a concern over the FEDs jacking up the interest rate.
We aint worried, it will go back up again!

Actually, it was Jr. that tanked the stock market. Obama inherited the mess and actually fixed it. Trump had a booming stock market, and now look at what is happening. What makes it worse is that it happened on a Friday, which means that the other world markets are going to be affected.

 

[Deno]

We were due a correction….

If the bottom falls out and it all goes to hell…

I will cede to the liberals that this is obama’s economy

 

[Rexx Taylor]

Obama tanked the Dow?

Obama?
.

Yeah, partisanship is that bad.

Rex, Obama had nothing to do with the stock market crash of 2008.

Seriously.


And this latest one isnt really a crash yet. It is a sell off on rumors of the Fed raising interest rates.

I'm just blaming Obama being Liberals blame Bush for that asteroid that wiped out the dinasours 65,000 years ago

 

[JimBowie1958]

Actually, it was Jr. that tanked the stock market. Obama inherited the mess and actually fixed it. Trump had a booming stock market, and now look at what is happening. What makes it worse is that it happened on a Friday, which means that the other world markets are going to be affected.

Oh My Gawd, it was not W's fault either.

It was a slow moving train wreck that had a great many hands on the wheel and was mostly due to bankers malfeance with subprime loans, then selling that bad debt off as MBS and then selling CDS on top of everything else.

GREED caused the 2008 crash, not anyone President.

 

[Rexx Taylor]

Ok...so Obama gets the credit for the 25000 DOW......but its trumps fault it dropped 600 points?

 

[IsaacNewton]

Another conservative revisionist history thread. #129 this week! Can't defend your favorite orange turd? Then just start making shit up.

 

[JimBowie1958]

Another conservative revisionist history thread. #129 this week! Can't defend your favorite orange turd? Then just start making shit up.

WTF are you blithering on about, Ike?

 

[Rexx Taylor]

are we gonna go thru this again for 4 years? the days the DOW surges,,,its OBAMA,,,the day the DOW tanks,,,its Trump.....we went thru this for 8 years when it was Bush's fault every time the DOW took a hit.

 

[BuckToothMoron]

So what? So the DOW took a hit today. It's not as if 700,000 people lost their jobs while Wells Fargo shut down it's doors and didn't give their customers their money back. For the terminally stupid people here who think this was the end of the world,,this had nothing to do with the Trump economic boom.
But when Obama tanked the DOW To about 6500, that was because of the Obama Recession.
Us normal conservatives are not concerned. It was just a concern over the FEDs jacking up the interest rate.
We aint worried, it will go back up again!

I am a conservative and Obama didn’t tank the DOW. That was caused in part by ridiculous lending practices endorsed by people in congress like Barney Frank and others. The stock market is at the very least due for a 5-10% correction. I personally think 2018 will be a bad year for stocks in general. Although the miners may do very well as the bond market continues to tank (10 year t Bill up around 30 basis points already this year) and the rush for cover will be in the metals, as it always is.

 

[Rexx Taylor]

So what? So the DOW took a hit today. It's not as if 700,000 people lost their jobs while Wells Fargo shut down it's doors and didn't give their customers their money back. For the terminally stupid people here who think this was the end of the world,,this had nothing to do with the Trump economic boom.
But when Obama tanked the DOW To about 6500, that was because of the Obama Recession.
Us normal conservatives are not concerned. It was just a concern over the FEDs jacking up the interest rate.
We aint worried, it will go back up again!

I am a conservative and Obama didn’t tank the DOW. That was caused in part by ridiculous lending practices endorsed by people in congress like Barney Frank and others. The stock market is at the very least due for a 5-10% correction. I personally think 2018 will be a bad year for stocks in general. Although the miners may do very well as the bond market continues to tank (10 year t Bill up around 30 basis points already this year) and the rush for cover will be in the metals, as it always is.

I will do just fine this year so long as Hillary doesn't move into the white house with huma and the weenee

 

[BuckToothMoron]

are we gonna go thru this again for 4 years? the days the DOW surges,,,its OBAMA,,,the day the DOW tanks,,,its Trump.....we went thru this for 8 years when it was Bush's fault every time the DOW took a hit.

People need to STOP equating what happens in the stock market to what is necessarily happening in the economy. They are two different animals and they don’t always track.

 

[Rexx Taylor]

are we gonna go thru this again for 4 years? the days the DOW surges,,,its OBAMA,,,the day the DOW tanks,,,its Trump.....we went thru this for 8 years when it was Bush's fault every time the DOW took a hit.

People need to STOP equating what happens in the stock market to what is necessarily happening in the economy. They are two different animals and they don’t always track.

Right....remember how the left could not explain the 1.0 growth with 90 million people out of work while the DOW was slowly climbing to 10,000?

 

[BuckToothMoron]

are we gonna go thru this again for 4 years? the days the DOW surges,,,its OBAMA,,,the day the DOW tanks,,,its Trump.....we went thru this for 8 years when it was Bush's fault every time the DOW took a hit.

People need to STOP equating what happens in the stock market to what is necessarily happening in the economy. They are two different animals and they don’t always track.

Right....remember how the left could not explain the 1.0 growth with 90 million people out of work while the DOW was slowly climbing to 10,000?

Correct. The DOW and the other indices were cranked up by low interest rate policy and QE, in other words, the Federal Reserve pushed the markets higher in an effort to kick start a sluggish economy by creating a wealth effect. What they did however is create a whole lot of mal-investment that will eventually have to be unwound. We may be seeing the beginning of that now.

 

[SassyIrishLass]

Bond market went to hell on interest rate fears.

It's comical reading these threads