NASDAQ, DOW, S&P all down!!!

  • MikemikeMike

    Posts: 6932

    Nov 07, 2012 9:50 PM GMT
    Your thoughts. Big business are the life force of our country.icon_idea.gif
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    Nov 07, 2012 10:01 PM GMT
    I couldn't care less and it's meaningless as they go up and down every day.

    The indexes more than doubled under Obama and you kept screaming about what a terrible economy it was. icon_rolleyes.gif
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    Nov 07, 2012 10:03 PM GMT
    Oil prices tumbled 4.8% to $84.44 a barrel.

    All Obama's fault, no doubt.icon_lol.gif
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    Nov 07, 2012 10:04 PM GMT
    Some days it's up, some down. So what?
  • MikemikeMike

    Posts: 6932

    Nov 07, 2012 10:06 PM GMT
    Read about what type of indicator it is right after an electionicon_idea.gificon_idea.gificon_idea.gif
  • coolarmydude

    Posts: 9190

    Nov 07, 2012 10:14 PM GMT
    It's due to the deepening recession in Europe combined with the uncertainty of how Congress will contend with the "fiscal cliff" issue.
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    Nov 07, 2012 10:18 PM GMT
    Hospital stocks were big gainers today...Obamacare is here to stay.

    European markets all fell, while Asian markets were unchanged.

    I see habits don't change...rather than look for root causes, it's always Obama's fault. Not looking forward to the next 4 years of gridlock.
  • Lincsbear

    Posts: 2605

    Nov 07, 2012 10:20 PM GMT
    Growth forecasts for the EU economy in 2013 have been drastically cut to only 0.1%

    That`s bound to give the market jitters on its own!
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    Nov 07, 2012 10:20 PM GMT
    MikemikeMike saidYour thoughts. Big business are the life force of our country.


    What did it mean when all of them were up for the first four years of Obama's presidency? Could it be that they're shitty indicators of the things like politics? It's Obama's fault when it goes down, and when it goes up it's not to his credit? You realize how pathetic you sound, with your implication.

    Oh, also, I thought small business was the life force of our country. Which is it, weather vane?
  • MikemikeMike

    Posts: 6932

    Nov 07, 2012 10:32 PM GMT
    Historically the market should increase under a democratic president, BUT we have NEVER had this much debt which our president has added to more than any other in trillions. Guess he will beg China for another 10 trillion. Micky It hasn't been this bad since FDR. You know how that went? Wait you don't. Without strong big business small business doesn't stand a chance. There is a direct correlation and dynamic between the two. You are about as bright as a small appliance bulb. Stay out of economic discussions. You know as much about vaginal sex as you do economics.icon_lol.gif
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    Nov 07, 2012 10:41 PM GMT
    MikemikeMike said, "Historically the market should increase under a democratic president.."

    ...and historically the 4 biggest crashes came when a Republican took office. So imagine what today might be like had Romney won.

    Incidently, what others are trying to tell you is borne out in this article, and in others.

    http://finance.yahoo.com/news/wall-street-rises-thin-trade-011055775.html
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    Nov 07, 2012 10:54 PM GMT
    MikemikeMike saidHistorically the market should increase under a democratic president, BUT we have NEVER had this much debt which our president has added to more than any other in trillions. Guess he will beg China for another 10 trillion. Micky It hasn't been this bad since FDR. You know how that went? Wait you don't. Without strong big business small business doesn't stand a chance. There is a direct correlation and dynamic between the two. You are about as bright as a small appliance bulb. Stay out of economic discussions. You know as much about vaginal sex as you do economics.icon_lol.gif


    You're so ignorant. It's pathetic.

    China owns 8% of our debt, so no one's asking them for "another 10 trillion."

    You lost because your terrible candidate ran a terrible campaign based on failed policies and tried to use wedge issues, voter suppression and racism, which actually worked against him.

    The RNC will either change or die.
  • coolarmydude

    Posts: 9190

    Nov 07, 2012 11:07 PM GMT
    Christian73 said

    The RNC will either change or die.
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    Nov 07, 2012 11:12 PM GMT
    FACT CHECK TIME

    The stock market is up 65% since President Obama took office.

    And the stock market has historically always done much better when there's a DEMOCRATIC president in the White House than it has under Repub presidents.

    http://fgfinancial.ca/stock-market-has-performed-much-better-under-democrats-than-republicans-huffington-post

    So your desperate spin is bullshit.

    When are you Repubs going to stop hoping for America to fail - and start putting "Country First" like you promised four years ago?
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    Nov 08, 2012 12:35 AM GMT
    Christian73 said
    China owns 8% of our debt, so no one's asking them for "another 10 trillion."


    Actually bond yields fell again today...the market loves our debt. icon_lol.gif
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    Nov 08, 2012 2:34 AM GMT

    lol, sometimes you can;t trust google to understand the word TODAY.

    So corrected post here.

    It turns out after all that wailing earlier on, the markets fell a whopping aprox 2.5 %.

    http://www.msnbc.msn.com/id/3032222/ns/business-stocks_and_economy/
  • Webster666

    Posts: 9217

    Nov 08, 2012 2:37 AM GMT
    Everybody from reputable news sources claims that the stock market took a dive because of worries about Europe's economy. It had nothing to do with U.S. elections.

    My bet is that, by the weekend, we will have regained all of those stock market losses.
  • MikemikeMike

    Posts: 6932

    Nov 09, 2012 6:20 AM GMT
    Ok Web and Europe's economy and the United States don't effect each other/

    It's down today as well icon_sad.gif
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    Nov 09, 2012 6:45 AM GMT
    MikemikeMike saidOk Web and Europe's economy and the United States don't effect each other/

    It's down today as well icon_sad.gif
    Oct. 22, 2008

    Dropped 514.45 points


    The month of October 2008 was one of the worst in New York Stock Exchange history, with three of the top 10 largest single-day drops ever recorded during the month. The ninth-largest drop was sparked by increasing fears of a global recession. Weak corporate profit forecasts, including a worse-than-expected loss from bank Wachovia. Slightly more than a month before an official recession would be declared, the Dow closed with a 514 point loss, shedding 5.7 percent throughout the day of trading.

    It was REALLY down that day.. and you point is?
    You dont have one.. keep grasping!
  • MikemikeMike

    Posts: 6932

    Nov 18, 2012 5:54 AM GMT
    TM_KeyWest said
    MikemikeMike saidOk Web and Europe's economy and the United States don't effect each other/

    It's down today as well icon_sad.gif
    Oct. 22, 2008

    Dropped 514.45 points


    The month of October 2008 was one of the worst in New York Stock Exchange history, with three of the top 10 largest single-day drops ever recorded during the month. The ninth-largest drop was sparked by increasing fears of a global recession. Weak corporate profit forecasts, including a worse-than-expected loss from bank Wachovia. Slightly more than a month before an official recession would be declared, the Dow closed with a 514 point loss, shedding 5.7 percent throughout the day of trading.

    It was REALLY down that day.. and you point is?
    You dont have one.. keep grasping!


    and your....GONEicon_lol.gif
  • maxferguson

    Posts: 321

    Nov 18, 2012 10:17 AM GMT
    Christian73 saidI couldn't care less and it's meaningless as they go up and down every day.

    The indexes more than doubled under Obama and you kept screaming about what a terrible economy it was. icon_rolleyes.gif


    Here's an interesting chart showing the S&P vs the S&P priced in oz. of gold: http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/02/20120223_EOD5.png


    Logically, I think back to the last debt ceiling scare and how the market reacted. The market still hast has the same participants, and the House still has (largely) the same Congressmen. I get the feeling algos are tuned into U.S. news only for the next couple of days and that any whisper of kicking the can down the road will tap SPY higher regardless of Israel/Gaza, Spanish banks (which are now facing restrictions on foreclosures of suicidal borrowers - foreclosures which could be the difference between adequate collateral. I stand by the restrictions on that one.) I got burnt a bit on Friday when talks were "constructive," and Pelosi wanted to send a "short term signal to markets" (her hubby?), and when Geithner said, "A deal could be reached in weeks...." .....that's all you've got shitforbrains Timmy.

    If you daytrade SPY at all, you should check out 'Capital Contexts'' credit driven SPY arbitrage and context models. It won't tell you if SPY/S&P is overvalued on it's own, but it will relative to high yield credit and VIX. Kind of a neat tool, but watch how it runs before trading it. I followed it for about a week and then profitably traded it last using options. http://capitalcontext.com/intraday/intraday-spy/

    I suspect fully though that markets will realize that the four general outcomes of these talks are (in terms of resolving a budget gap), 1.) Higher taxes on capital gains, divs, and income, relatively stable/moderately lower spending. Equities are worth less. 2.) Much lower spending, limited tax hikes. Then a good chunk of profit margins are toast. Equities are worth less. 3.) Some combination of those two. Close a bit of the budget gap on corporate income statements and a bit on personal/corporate tax returns. Equities are worth less.

    4.) The most curious out come of all - Congress, in all it's glory manages to raise the debt ceiling by enough to kick the can down the road by 6 months or so, buying them time, and doing so in the smoothest 10-12 sessions of Congress anyone every did see. At that point, the real economy will not have improved, Greece will not be in better shape, neither will Spain (Italy might be, arguably), Germany will realize how silly it would be to bail out the countries they fought with for the past 200 years for the sake of the Euro - which no matter what, will not work without a centralized taxation authority. And finally, by that time, the accumulation of recent Japanese current account deficits will finally come knocking on Noda's door (presumably Noda) and the poor savers of Japan will be punished hard.

    In the end, the proclivities of politicians never change - even when they have too. We (in general) do not look far back enough into history to see that, as whoever it was famously said, "History doesn't repeat itself, but it sure rhymes." Not knowing the rhymes means talking heads ripe with optimism and the votes of credulous sheeple will take any seemingly easy way out until they discover it's a dead end. The result: trying every dead end burned precious time and compounded the problem. To their credit, however, broadcasting banalities and rhetoric about conversations to buoy markets gives pensions a chance to take the side exit and meet a lot more liabilities than if they waited. Endgame result: Bernanke is an academic thug who's overestimated his ability (and that of anyone's) to control the outcome, punished savers (just as the BoJ is), and that corporate profitability (which must drive equity returns) cannot sustainably remain higher on government spending. It all rests on the backs of consumers with no growing real income, and whatever SPY.S&P/NASDAQ/DOW do between now and whenever consumers decide they can't fund discretionary spending with savings anymore is a mystery.
  • Webster666

    Posts: 9217

    Nov 18, 2012 9:49 PM GMT
    MikemikeMike saidOk Web and Europe's economy and the United States don't effect each other/

    It's down today as well icon_sad.gif



    I was wrong in my prediction that the stock market would recover its losses, by the weekend.

    It's really annoying that the stock market dives on "worries," rather than on actual negative events.

    The stock market goes up and down, up and down, but, over time, it always goes up and up and up.
  • MikemikeMike

    Posts: 6932

    Nov 19, 2012 9:20 AM GMT
    Christian73 said
    MikemikeMike saidHistorically the market should increase under a democratic president, BUT we have NEVER had this much debt which our president has added to more than any other in trillions. Guess he will beg China for another 10 trillion. Micky It hasn't been this bad since FDR. You know how that went? Wait you don't. Without strong big business small business doesn't stand a chance. There is a direct correlation and dynamic between the two. You are about as bright as a small appliance bulb. Stay out of economic discussions. You know as much about vaginal sex as you do economics.icon_lol.gif


    You're so ignorant. It's pathetic.

    China owns 8% of our debt, so no one's asking them for "another 10 trillion."

    You lost because your terrible candidate ran a terrible campaign based on failed policies and tried to use wedge issues, voter suppression and racism, which actually worked against him.

    The RNC will either change or die.


    the Friends episode when Chandler goes on a date with the girl with the big head. He tries to think of 5 nice things about her and the last 3 are "big head big head big head!" This is you man. One would think with that big balloon head it might house some brains in your case- just air-hot airicon_lol.gificon_lol.gificon_lol.gificon_lol.gificon_lol.gificon_lol.gif
  • DalTX

    Posts: 612

    Nov 19, 2012 2:16 PM GMT
    Romney / Palin 2016!
    3rd times the charm!!!
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    Dec 12, 2012 11:28 AM GMT
    MikemikeMike saidRead about what type of indicator it is right after an electionicon_idea.gificon_idea.gificon_idea.gif


    Oh look. The Dow has just returned to its pre-election level. And the Nasdaq. And the S&P. How's that for an indicator?