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#403619 - 03/02/09 10:11 PM
Obama's effect on the Dow Jones
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Whoremaster
Registered: 06/22/07
Posts: 2656
Loc: Polekatz, Rte 43
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Most people's stock portfolios have now lost 40% - 50% since Obama pulled ahead for the Democrat nomination in May. Has anyone fared worse?
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#403620 - 03/02/09 11:47 PM
Re: Obama's effect on the Dow Jones
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Gay For Pay
Registered: 03/07/06
Posts: 1059
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I see you listened to the Republican talking points on the radio today. It has to be Obama's fault. How could it be anything else? It couldn't possibly be the banks failing, manufacturing failing, rampant corruption on wall street, housing industry failing, rising unemployment, low consumer confidence, currency devaluation, European economy failing, Asian economy failing, failed credit markets..... Nah, it's probably the President that's been in office for a month. 
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Honestly, I don't know...I'm torn. We haven't talked since AVN (other than the hearing in February)- Eric on Bree Olson
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#403621 - 03/03/09 02:25 AM
Re: Obama's effect on the Dow Jones
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Porn Jesus
Registered: 08/03/03
Posts: 5849
Loc: TX, USA
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About 55% as of today, and that's an *average*. A lot of people have done worse.
Obama has only been in office a month, but we were promised 3 months ago he'd hit the ground running. He's had as much time as anyone to come up with plans, and has known for that long it would be his responsibility, not Bush's.
But so far not one bit of progress in addressing the problem. It's not that there's plan that hasn't worked yet - there hasn't been a plan, period. Instead what we've gotten is a budget whose deficit *dwarfs* anything Bush ever dreamed of. After Obama's budget, no one can ever again call Bush was fiscally irresponsible.
Monday brought the first credible hints of a plan in the "Bad Bank" proposals. It sounds like an RTC-type thing (except that management and shareholders aren't being wiped out) so it's an idea that should work if they're willing to pay for it.
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"If they can't picture me with a knife, forcing them to strip in an alley, I don't want any part of it. It's humiliating." - windsock
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#403622 - 03/03/09 04:16 AM
Re: Obama's effect on the Dow Jones
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Kurt Lackwood's Fluffer
Registered: 01/18/06
Posts: 1283
Loc: SoCal
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Just like a supertanker at sea, the inertia of bureaucracies can't change direction easily. It took years to fuck things up, it can't be corrected overnight.
Why anyone at this point is expected to see a rabbit pulled out of a hat is beyond me. And gleefully pointing out what a miserable failure the new President is up to this point has got to be one of the more ignorant statements I've been hearing. Have you no clue?
Being seditious will NOT make things better.
_________________________
I'd rather be ignorant than stupid.
Ignorance implies a lack of knowledge which is easily correctable through education.
Stupidity implies an inability to learn.
Therefore; ignorance is temporary, stupidity is forever!
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#403623 - 03/03/09 05:08 AM
Re: Obama's effect on the Dow Jones
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Kurt Lackwood's Fluffer
Registered: 08/04/06
Posts: 1155
Loc: U.S. Outpost 31
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So now it's sedition?
I thought the lefties said that dissent was patriotic.
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I know you gentlemen have been through a lot,and when you find the time...I'd rather not spend the rest of the winter tied to this fucking couch!
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#403624 - 03/03/09 05:45 AM
Re: Obama's effect on the Dow Jones
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Registered Sex Offender
Registered: 12/16/08
Posts: 2401
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If Jesus Christ was the president the Dow would be tanking. Bush's people couldn't produce anymore hot air to inflate the markets, so they are returning to where they should have been before our bubbles (tech, housing, credit) fucked them up.
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"Guage once told me that there is nothing worse than eaten ass of a black dude thats been huffen drain cleaner the night befor." - delanoojos
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#403625 - 03/03/09 06:51 AM
Re: Obama's effect on the Dow Jones
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Porn Jesus
Registered: 09/01/08
Posts: 9782
Loc: Hillbilly Holler
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^There's some truth in that. But they have actually fallen below the bubble start. I am a little intrigued by some of the theories about the market being attacked by terrorist types. But of course all that spending of money you don't have has been the real culprit. I can't understand how Obama thinks that the problem will be solved by doing the same thing in an even grander scale.
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I may not know arse but I know what I like !
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#403626 - 03/03/09 07:11 AM
Re: Obama's effect on the Dow Jones
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Porn Jesus
Registered: 08/09/06
Posts: 9113
Loc: red dirt state of mind
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Because liberals have one mantra: Spend it if you got it, spend it if don't.
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#403627 - 03/03/09 07:55 AM
Re: Obama's effect on the Dow Jones
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Bukkake Boy
Registered: 04/01/07
Posts: 717
Loc: Off the mortal coil
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Quote:
Being seditious will NOT make things better.
Are you kidding? Can you really be that fucking stupid?
And Obama has been great for the firearms industry. Most stores I've talked to are up over 100% year over year.
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#403628 - 03/03/09 11:28 AM
Re: Obama's effect on the Dow Jones
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Anonymous
Unregistered
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Quote:
Quote:
Being seditious will NOT make things better.
Are you kidding? Can you really be that fucking stupid?
And Obama has been great for the firearms industry. Most stores I've talked to are up over 100% year over year.
Lord of War (2005)
hint invest in firearms manufacturing companies 
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#403629 - 03/03/09 12:32 PM
Re: Obama's effect on the Dow Jones
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Registered Sex Offender
Registered: 12/16/08
Posts: 2401
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BackDoorMan: I'm not all that knowledgeable, but I'd call 1996 as about the time dot coms and tech were starting to blow up to crazy proportions. The Dow was 5-6K. Then all the Y2K stuff, every Corp in the country putting in new systems. Even if you put the start of the climb at 1998 (8-9K), a drop below that years level isn't surprising, because people aren't just pulling newer $$ from the market, people that have been investing for decades are cashing out so they don't torch 20-30 years of profit. Only thing worse than being the last guy in and making a tiny profit, is being the last guy out and selling you gout medicine to keep the heat on.
_________________________
"Guage once told me that there is nothing worse than eaten ass of a black dude thats been huffen drain cleaner the night befor." - delanoojos
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#403632 - 03/03/09 03:25 PM
Re: Obama's effect on the Dow Jones
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Pervert
Registered: 12/26/07
Posts: 2056
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blahhh2000: Dude, do you even understand English?
_________________________
"If you keep making fun of me, I might just get pissed and not post on here anymore. Start taking me seriously. I'm a student now" Fatja
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#403633 - 03/03/09 03:30 PM
Re: Obama's effect on the Dow Jones
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Gay For Pay
Registered: 03/07/06
Posts: 1059
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Explain yourself.
_________________________
Honestly, I don't know...I'm torn. We haven't talked since AVN (other than the hearing in February)- Eric on Bree Olson
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#403634 - 03/03/09 03:51 PM
Re: Obama's effect on the Dow Jones
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Whoremaster
Registered: 06/22/07
Posts: 2656
Loc: Polekatz, Rte 43
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Obama said yesterday that he can't let the market's "day to day gyrations" effect his plans. Sooooo, when the market loses half its value and 12 years of gains are wiped out it's just regular gyrations?
Wall Street has a supersensitive psychology all its own. You might recall that the market once made a big move just because Fed chairman Alan Greenspan said we were experiencing "irrational exuberance". It has tanked as much as it has because of Obama's massive spending programs, class warfare rhetoric, leftist reputation and intentional use of terms like "crisis".
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"You have been banned from making any new posts or sending private messages. The reason for this ban is: meh, cause i can"
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#403637 - 03/03/09 05:23 PM
Re: Obama's effect on the Dow Jones
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@
Porn Jesus
Registered: 10/19/06
Posts: 9958
Loc: fortified
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I'm thinking of buying a new car as an investment ever since I asked my Investment guy about my IRA this year and he said "uhh no".
I don't really care who you idiots voted for cause it's kinda like arguing over the world series...ten years ago. heh
Please do carry on.
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i just lock, load, and regret. - jamesn
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#403638 - 03/03/09 05:37 PM
Re: Obama's effect on the Dow Jones
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Gay For Pay
Registered: 03/07/06
Posts: 1059
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Pretty shocking news. Especially when you consider that the criticism is coming from the Wall Street Journal. hmmmm, now who owns the Wall Street Journal? Oh that's right News Corp. Now what else does News Corp own? Oh that's right Fox News Channel.
You don't think.....possibly....maybe.....couldn't be....nahhhhh. They are just speaking objectively. I'm sure they aren't trying to slant information to further a conservative agenda. Naaaahhhh! No way.
_________________________
Honestly, I don't know...I'm torn. We haven't talked since AVN (other than the hearing in February)- Eric on Bree Olson
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#403639 - 03/03/09 05:38 PM
Re: Obama's effect on the Dow Jones
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Gag Factor Guru
Porn Jesus
Registered: 07/15/05
Posts: 5290
Loc: Dayton
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I just had to cash out a dribble from my mutual funds to pay my 6 mos. same as cash motorcycle off. Ugh.
Lucky me, about 2 years ago I moved my retirement money into a safe place, playing the mutual funds game with inherited money, which I lost half of so far. I'm thinking if things start to swing back up, I may move some of the retirement money into the market.
One problem the market has is the thousands of small investors who are forced to cash out to survive after losing their jobs. Another problem is that conservatives have no confidence in this recovery plan. But the biggest problem, no credit for the wheels to start to grind again.
Good time to buy, Lou, I read on an RVer's blog he got a price below what the dealer paid for a car.
I'm rambling.
-Chuck, Vegetarian fanboy
Or, maybe I'm full of shit. Maybe a credit fix will just string us out more, and delay the reckoning. What will a "recovered" U.S. economy look like?
Edited by charin (03/03/09 05:44 PM)
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#403640 - 03/03/09 05:50 PM
Re: Obama's effect on the Dow Jones
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Porn Jesus
Registered: 09/01/08
Posts: 9782
Loc: Hillbilly Holler
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Truth is truth except to left wing nut bag !
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I may not know arse but I know what I like !
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#403641 - 03/03/09 07:26 PM
Re: Obama's effect on the Dow Jones
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Porn Icon
Registered: 01/27/06
Posts: 3440
Loc: Jaundice Town
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oh for fuck's sake... NOTHING was bush's fault and now the random fluctuations of the markets (if down) are obama's fault. Typical. I am so sick of rightwing nuts and the politicians that represent them fall into lock step under a fucking oxy junky radio host. Keep this up and you kooks will be in the political wilderness for decades...and that will be the best thing for our country. The republican party is bankrupt for ideas and leadership. altho watching Mccain slam his gimp arm in his fake outrage about earmarks was kinda funny. And Bobby Jindal? HAHAHA Get used to the minority...the republican party is completely out of step with America
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#403646 - 03/04/09 01:34 PM
Re: Obama's effect on the Dow Jones
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Gay For Pay
Registered: 03/07/06
Posts: 1059
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The market was up 149 points today. Great job Obama!!
_________________________
Honestly, I don't know...I'm torn. We haven't talked since AVN (other than the hearing in February)- Eric on Bree Olson
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#403647 - 03/04/09 03:12 PM
Re: Obama's effect on the Dow Jones
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Pervert
Registered: 12/26/07
Posts: 2056
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No, DIJA is up because there was a rally in China and some investors hope for fast recovery of Chinese economy.
_________________________
"If you keep making fun of me, I might just get pissed and not post on here anymore. Start taking me seriously. I'm a student now" Fatja
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#403649 - 03/04/09 05:15 PM
Re: Obama's effect on the Dow Jones
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Gag Factor Guru
Porn Jesus
Registered: 07/15/05
Posts: 5290
Loc: Dayton
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Quote:
No, DIJA is up because there was a rally in China and some investors hope for fast recovery of Chinese economy.
That's because the millions of Panzer-tards who are out of work because of the Republican Depression cashed out their 401k's and figured they would spend it while it was worth something, buying Chinese junk at Wal-Mart.
-Chuck, Vegetarian fanboy
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#403652 - 03/05/09 01:53 AM
Re: Obama's effect on the Dow Jones
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Kurt Lackwood's Fluffer
Registered: 01/18/06
Posts: 1283
Loc: SoCal
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I wasn't referring to your post, JRV, just happened to be the post following yours.
Depending on how I feel when I wake up in the morning, I'm either a Conservative Democrat or a Liberal Republican. I'm not wholly Left or Right, I'm politically in the middle with 70 % of the rest of Americans and I'm sick and tired of only hearing the bullshit from the 15% on the Left or the 15% on the Right.
When people like Limbuagh openly hope and pray that the current President's policies fail, that is not only counter-productive, it is seditious.
Isn't it the more "American" thing to do to come together and rebuild? I guess if you already have your$, the answer is "no".
_________________________
I'd rather be ignorant than stupid.
Ignorance implies a lack of knowledge which is easily correctable through education.
Stupidity implies an inability to learn.
Therefore; ignorance is temporary, stupidity is forever!
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#403654 - 03/05/09 02:38 AM
Re: Obama's effect on the Dow Jones
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Gay For Pay
Registered: 03/07/06
Posts: 1059
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Coke, you are one of the dumbest people I've ever encountered. You have no idea what your talking about. You really don't. You are a truly moronic person. You don't understand monetary policy, obviously. You don't understand what socialism really is. You don't even care about what happens to the country. You just want things your way...you know like a 5 year old. You are a liar. You are a racist. You are a douchebag. Please do the world a favor and kill yourself. Or you can send me your address and I'll go muslim on your ass and mail your family your head. 
_________________________
Honestly, I don't know...I'm torn. We haven't talked since AVN (other than the hearing in February)- Eric on Bree Olson
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#403655 - 03/05/09 03:14 AM
Re: Obama's effect on the Dow Jones
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Whoremaster
Registered: 06/22/07
Posts: 2656
Loc: Polekatz, Rte 43
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You call me a racist and in the next breath talk of going "muslim" on my ass. Aren't you stereotyping all ragheads with that statement? You're inconsistent and scatterbrained (like most liberals).
_________________________
"You have been banned from making any new posts or sending private messages. The reason for this ban is: meh, cause i can"
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#403656 - 03/05/09 07:19 AM
Re: Obama's effect on the Dow Jones
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Porn Jesus
Registered: 09/01/08
Posts: 9782
Loc: Hillbilly Holler
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#403659 - 03/06/09 07:00 AM
Re: Obama's effect on the Dow Jones
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Porn Jesus
Registered: 03/22/07
Posts: 5186
Loc: Joshua Tree National Park
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Bush didn't exactly pull his thumbs out of his ass on immigration either. Don't take my word, ask Compean and Ramos.
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I would eat Allie Sin's asshole until I got an emotion out of her.-Jerkules
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#403660 - 03/06/09 07:03 AM
Re: Obama's effect on the Dow Jones
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Porn Jesus
Registered: 04/19/04
Posts: 7888
Loc: Carpathian Mountains
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Unknown pervert is right, Bush and McCain were right in lock step with most dems on immigration. Nobody wants to do anything about this issue because as politicians they all fear losing that ever increasing voting block.
_________________________
"Some say I'm lazy and others say that is just me.
Some say I'm crazy, I guess I'll always be"
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#403661 - 03/06/09 07:45 AM
Re: Obama's effect on the Dow Jones
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Porn Jesus
Registered: 09/23/04
Posts: 10321
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Quote:
Unknown pervert is right, Bush and McCain were right in lock step with most dems on immigration. Nobody wants to do anything about this issue because as politicians they all fear losing that ever increasing voting block.
The funny thing is, if they did lock down the borders, they wouldn't necessarily lose the votes of the ones already here- the ones "in" would begin to look down on the ones still "out" much like mulattoes looked down on their darker skinned brethren.
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#403665 - 03/07/09 05:28 AM
Re: Obama's effect on the Dow Jones
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Porn Jesus
Registered: 08/03/03
Posts: 5849
Loc: TX, USA
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Quote:
oh for fuck's sake... NOTHING was bush's fault and now the random fluctuations of the markets (if down) are obama's fault. Typical.
Banks & mortgages have long been a bipartisan problem, with Congress using those industries as their own fifes and preventing Presidents of both parties from interfering. Bush actually did try to reign in Fannie Mae's lending a couple of years ago and was slapped down by members of *both* parties. Bill Clinton suffered the same fate before him. Even now TARP has seen some meddling from Congress.
The "fluctuations" in the market aren't "random". They're essentially uniformly down, down in way that hasn't been seen since the 1930's. Most people have limited exposure to the market, but even limited exposure hasn't prevented ~ 4.5M from becoming unemployed.
For "the rich" - the ones directly exposed to market changes - it's been much worse than a decimation. Obama wants to pay for his budget with taxes on the rich alone, but the problem is that there are far fewer now than before the recession. About 75% of everyone who was a millionaire at the beginning of 2008 wasn't a millionaire at the end of 2008, and I'd bet another 10%-15% have vanished since then. That's not cause for cheering because the more they become extinct the more the middle class has to pay for Obama's spending.
(Obama's tax plans were based on 2006 numbers, hopelessly outdated now, and if he tries to rescue "the rich" so they can plan for his spending plans it will take them at least five years to recover, meaning the middle class has to pay at least until then)
(here's another reason you need "the rich" - the top 1% of tax returns paid 40% of taxes in 2006. If the can't pay that much this year it means that the middle class has to make up for it somehow)
The reason the markets are reacting so badly right now is that there seems to be no plan for a recovery (a stimulus and the mortgage program are kinda pointless without addressing the financial market problem first, and even TALF only does any good while cash is being poured into it). The blip on the Chinese announcement was because it seemed that at someone had a plan.
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"If they can't picture me with a knife, forcing them to strip in an alley, I don't want any part of it. It's humiliating." - windsock
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#403666 - 03/07/09 06:56 AM
Re: Obama's effect on the Dow Jones
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Whoremaster
Registered: 06/22/07
Posts: 2656
Loc: Polekatz, Rte 43
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The stock market/Dow Jones only looks forward. It is about what is expected in the future. We've got Obama for the next 4 years, so he owns it.
Who knows, his socialist idiocy could take us to Dow Jones 3000.
_________________________
"You have been banned from making any new posts or sending private messages. The reason for this ban is: meh, cause i can"
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#403671 - 03/08/09 07:38 AM
Re: Obama's effect on the Dow Jones
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Bukkake Boy
Registered: 01/02/04
Posts: 698
Loc: CA
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Quote:
It took years to fuck things up, it can't be corrected overnight.
This whole financial debacle is manufactured by the use of 'mark-to-market' accounting princibles at banks as required by the federal government instead of 'mark-to-value' accounting. Mark to Market accounting requires banks to value assets in their portfolio at their market value. When fear spread that the housing bubble would pop, banks froze lending. Without new lending, home prices in fact collapsed and the banks created thier own destiny.
Now, if banks were allowed to mark the value of thier real estate portfolio to the actual value - the amount people agreed to pay for the house in their mortgage - everything would be fine because 91% of mortgage holders are still making their payments and the actual value of the contracts havent changed.
So right now banks are taking huge 'losses' writing down the paper value of their real estate portfolios. When the real estate curve trends up, they will take huge 'gains' and all the bank executives will take huge bonuses based on the gains. The whole while, the banks are holding their 'bailout funds' (i.e. very low interest loans) at the federal reserve waiting for inflation - so they can jack mortgage rates back up to the mid teens like the 1980's
So, why is this happening now??? Because in 1932 the mark to market accounting rule was suspended by congress to keep banks afloat during the depression. In 2006, when democrats took over committee chairs, they re-instituted the rule and started stoking the 'recession' flames in every campaign speech (remember, Obama's been campaigning since 2006).
The Democrats did this to cause the recession and get elected. They keep the rule in place so they can ram home their socialist policies and once they get everything they want, they'll remove the rule and **POOF** the recession will dissappear - right before the next election so they can go 'we did it.'
And why will the recession **POOF** dissappear? Because banks have cash requirements based on the value of their assets. Mark to value will mean they have tons of 'extra' cash on hand and they'll start aggressively lending again.
So, yes - things didn't get fucked up overnight. Just when the democrats took over and they did it on purpose in the name of 'social justice' (i.e. wealth redistribution).
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#403674 - 03/12/09 01:37 PM
Re: Obama's effect on the Dow Jones
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Gay For Pay
Registered: 03/07/06
Posts: 1059
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Market was up 239 points today. Great job Obama! Looks like the stimulus plan is working now.
_________________________
Honestly, I don't know...I'm torn. We haven't talked since AVN (other than the hearing in February)- Eric on Bree Olson
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#403676 - 03/23/09 01:35 PM
Re: Obama's effect on the Dow Jones
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Porn Jesus
Registered: 08/03/03
Posts: 5849
Loc: TX, USA
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Last week Obama could not have been more out-of-the-loop with what Treasury was doing when the AIG thing broke.
This week, it's completely Obama's person plan tha Treasury released.
Politics as always...
_________________________
"If they can't picture me with a knife, forcing them to strip in an alley, I don't want any part of it. It's humiliating." - windsock
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#403677 - 03/23/09 09:10 PM
Re: Obama's effect on the Dow Jones
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Max Hardcore Prison Bitch
Registered: 02/06/09
Posts: 274
Loc: My smile invites suspicion as ...
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Coke, you claim your last name is Stevens but I think it's really Barger or Thurber.
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#403678 - 03/26/09 08:46 PM
Re: Obama's effect on the Dow Jones
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Gay For Pay
Registered: 03/07/06
Posts: 1059
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1/20/09 Dow closed at 7949.08 3/26/09 Dow closed at 7924.56 Boy Obama has really destroyed the market!!! It's down nearly 25 whole points!! That damn leftist commie bastard!! Coke, H2C, JRV have a meldown in 3,2,1... 
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Honestly, I don't know...I'm torn. We haven't talked since AVN (other than the hearing in February)- Eric on Bree Olson
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#403679 - 03/27/09 07:23 AM
Re: Obama's effect on the Dow Jones
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Porn Jesus
Registered: 08/03/03
Posts: 5849
Loc: TX, USA
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It's surprising as I don't think there's enough to prop up the market at this point - there's a bank plan, but unemployment is still accelerating and I see not much hope for profits yet, just reduced losses. We'll see - I'm staying in cash for now.
_________________________
"If they can't picture me with a knife, forcing them to strip in an alley, I don't want any part of it. It's humiliating." - windsock
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#403680 - 03/27/09 10:39 PM
Re: Obama's effect on the Dow Jones
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Porn Jesus
Registered: 01/07/06
Posts: 4268
Loc: Portland
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Was the first week of March the nadir of the stock market our are we evidencing a historic dead cat bounce?
Stay tuned for a future posting of three-degree Coke who will advise us of how to manipulate our 401ks, Roth IRAs, and tax returns to take advantage of this historic time period!
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"My people (the real Americans- descended from the original Angle-Saxon pioneers)"-Coke S.
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#403682 - 03/27/09 11:03 PM
Re: Obama's effect on the Dow Jones
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Whoremaster
Registered: 06/22/07
Posts: 2656
Loc: Polekatz, Rte 43
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PS: You realize the high was over 13000 right? And I'd track from the date Obamy locked out Hill for the Dem nomination. Remember, the market only looks forward.
_________________________
"You have been banned from making any new posts or sending private messages. The reason for this ban is: meh, cause i can"
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#403683 - 03/27/09 11:11 PM
Re: Obama's effect on the Dow Jones
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Porn Jesus
Registered: 01/07/06
Posts: 4268
Loc: Portland
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Do you also realize that the stock market from 2001-2006 was a big speculative ball of gas that went BUMPPF!!! due to deregulation and shark-profiteering*?
*-gotta keep moving, gotta keep profiteering, gotta keep wages down, down, down...fucking unions...
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"My people (the real Americans- descended from the original Angle-Saxon pioneers)"-Coke S.
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#403687 - 06/01/09 03:32 PM
Re: Obama's effect on the Dow Jones
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Porn Jesus
Registered: 12/28/07
Posts: 4856
Loc: The 4th International
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failure wrote: Quote:
Again, you really took care of my argument!
Who the fuck cares about the CURRENT dow? You realize we're heading for hyperinflation, right? He's doubling our paper money supply by just printing it up and spending borrowed trillions on foolish liberal pet projects.
The DJ index is up approx. 10%. This means that people are attaching more value to their stock (i.e. future prospects of profit) now than in January.
Economics for Simpletons - Lesson #1
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The only thing you got that I want, is your suffering.
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#403690 - 06/01/09 03:57 PM
Re: Obama's effect on the Dow Jones
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Gag Factor Guru
Porn Jesus
Registered: 07/15/05
Posts: 5290
Loc: Dayton
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Quote:
Gee, you really know your shit, Freepedophiliah! 
The only reason the market had dipped from 14,000+ in the first place was panic over the increasing liklihood that Obumba would actually be elected.
Camped here at the horse ranch, I now have horseshit wafting through the windows, and coming from my computer screen.
Dug the following up, FWIW:
-Chuck, Vegetarian fanboy
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