Stocks - At 7500

[DisneyMomOK]

This is really depressing...

 

[Hercules10]

Ever notice how when the gov'ment offers to help us out that investors get spooked? Just wait until they help out the automakers again....

 

[MarkBarbieri]

I think that this drop was triggered by bad news in Japan. The released their GDP figures over the weekend and showed a terrible drop.

 

[need_a_Disney_fix]

Wall Street seems to be just giddy with the super dooper craptastic porkulus bill. I guess we will continue to watch our portfolios continue to go down the crapper. Nice goin' guys.

 

[AndyLL]

I think that this drop was triggered by bad news in Japan. The released their GDP figures over the weekend and showed a terrible drop.

Bad news in Japan. Bad news from the automakers. And they don't feel the Stimulas bill was big enough.

 

[adkkev]

our future is in the hands of speculators ... Wall Street and Government.

 

[DisneyMomOK]

Bad news in Japan. Bad news from the automakers. And they don't feel the Stimulas bill was big enough.

I think that addition by Dodd limiting corporate pay probably did not help WS confidence. I question that it was not "big enough" created the drop.

 

[MarkBarbieri]

Markets usually move dramatically on new information. The rough outline of the stimulus bill has been known for a while and everyone expected it to pass. I think that it will have a large longterm affect on the market, but I don't think that it was the cause of today's big drop.

 

[corndog]

And they don't feel the Stimulas [sic] bill was big enough.

 

[AndyLL]

I think that addition by Dodd limiting corporate pay probably did not help WS confidence. I question that it was not "big enough" created the drop.

Question it all you want. I'll rely on the professional anyalists opinions myself.

(one of many articles on the how the bill was either not big enough or wrongly targeted)

“The concern that’s really emerging now is if it’s going to be a large enough program to jolt the economy back into expansion,” said Thomas J. Lee, equities analyst at JPMorgan. “We don’t think the recession’s over until at least the middle of the year, and that’s starting to seem very early.
http://www.msnbc.msn.com/id/3683270/
​

 

[ntsammy5]

It's going to get worse before it gets better - I thought the bottom was around 7200 - it may end up being in the 6600 range

 

[Golf4food]

Question it all you want. I'll rely on the professional anyalists opinions myself.

(one of many articles on the how the bill was either not big enough or wrongly targeted)

“The concern that’s really emerging now is if it’s going to be a large enough program to jolt the economy back into expansion,” said Thomas J. Lee, equities analyst at JPMorgan. “We don’t think the recession’s over until at least the middle of the year, and that’s starting to seem very early.
http://www.msnbc.msn.com/id/3683270/
​

Wrongly targeted is the problem. Plenty is being spent - probably too much - just in the wrong places to actually spur any economic activity. The vast majority of this spending won't do a darn thing to spur the larger, National economy.

 

[Zippa D Doodah]

There are some egghead financial gurus saying that it will take a 4 trillion dollar stimulus package to provide a meaningful floor to this current economic swan dive.

What depressing news.

 

[DisneyMomOK]

Wrongly targeted is the problem. Plenty is being spent - probably too much - just in the wrong places to actually spur any economic activity. The vast majority of this spending won't do a darn thing to spur the larger, National economy.

 

[DawnCt1]

Wall Street seems to be just giddy with the super dooper craptastic porkulus bill. I guess we will continue to watch our portfolios continue to go down the crapper. Nice goin' guys.

Maybe its part of the "plan". Remember the trial balloon that was floated last year? The government will restore your 401K to their August 2008 levels. You just sign them over to Social Security and they will give you 3%!

 

[bsnyder]

Since November 4th (when Obama won the election) the market is down 2,000 points.

Thanks, Mr. President....

 

[missypie]

C'mon, it will be fun to work until I'm 75. What the heck was I going to do when I retired anyway? And it shouldn't be a problem attracting clients as an elderly attorney, because all my clients will have to work in their old age as well.

 

[ntsammy5]

Since November 4th (when Obama won the election) the market is down 2,000 points.

Thanks, Mr. President....

Much like the 6,000 decline under Bush. Neither of these guys did us any favors.

 

[DawnCt1]

Much like the 6,000 decline under Bush. Neither of these guys did us any favors.

If you remember correctly, Al Qaeda was responsible for that. It was President Bush's tax cuts that restored the economy after the devastating blow of 9/11.

 

[ntsammy5]

If you remember correctly, Al Qaeda was responsible for that. It was President Bush's tax cuts that restored the economy after the devastating blow of 9/11.

Bull - the market was at 14,100 in October 2007 and dropped to below 9,000 before Bush left office. Bush is a loser and it looks like Obama is following right in his foot steps.