Comments on: When Obama Speaks, the Market Tanks

By: Achance

Achance — Thu, 26 Feb 2009 19:41:33 +0000

now run along.

By: hmmcontrib

hmmcontrib — Thu, 26 Feb 2009 19:34:48 +0000

“Wall St. drops after data, banks fall — NEW YORK (Reuters) -Stocks added to losses on Wednesday after data showed the pace of existing home sales unexpectedly fell in January, while bank shares slid on continuing worries over the fate of the sector. — The tone was set early …” 2/25/09
I know it’s fun to blame the stock market’s performance on words from the politicians we don’t like, but I thought ‘after therefore because’ was considered pretty shallow thinking for this site.

By: mom2oneson

mom2oneson — Thu, 26 Feb 2009 15:32:51 +0000

I don’t understand how it changes so much in response to him. Do people hear him give a speech and think get on to their ameritrade account and sell? He is always talking about something every week or every few days. I can understand people heard him twice and then sell but I how does this work so many times? He isn’t saying anything new it has always been tax investors and increase public assistance. If one speech would make people sell wouldn’t they have done it already?

My other question is why is it so bad when the market drops? I thought people that buy options made money when prices drop? I know people who bought the stock lose but it doesn’t seem like everyone is losing if the option traders are making money.

By: erp

erp — Thu, 26 Feb 2009 14:29:34 +0000

Ever think this is what they want to happen?

Destroy the economy, scare everyone to death then make everything better through the miracle of socialism.

It’s worked time and again.

By: rbdwiggins

rbdwiggins — Thu, 26 Feb 2009 12:46:44 +0000

The next shoe will drop on the mortgage markets well before “cap and trade” has a chance to cause lasting harm to the economy.

About the same time the interest rate is adjusted on the remaining ARM’s.

By: kyle8

kyle8 — Thu, 26 Feb 2009 11:40:36 +0000

and you better take your profits quickly because when cap and trade takes effect the whole thing tanks again.

By: weave

weave — Thu, 26 Feb 2009 11:27:52 +0000

Being the eternal optimist, every time Obama causes the market to bleed, I rejoice. I think right now the market is entering a territory where emotion and speculation is causing it to go lower than it should be naturally. So that means a buy opportunity.

But not quite yet….

Obama can afford to be gloom and doom to manipulate emotions into getting what he wants now, because this is an off-year for elections. But come 2010 if the mood of the country is still down, Democrats will have big losses. So you know what is going to happen. This time next year the news and story is going to become far more upbeat. People will start to regain confidence, start spending again. Businesses will be caught with a shortage of inventory and less competition due to all the businesses going under in 2008-9, and that will cause prices and profits to rise rapidly. Investors will regain confidence, and stocks will rocket up. Then when Republicans regain control in 2010 of Congress, stocks will rally again.

I’m going to bet money on this one.

By: scottbomb

scottbomb — Thu, 26 Feb 2009 04:51:15 +0000

After all, he’s not listening to Bush, Reagan, or even JFK when it comes to truly rescuing a tanking economy. But of course, the Obamassiah doesn’t care much for the economic policies of any of the above. The following news bit makes me happy for Israel. Netanyahu plans for a round of multiple tax cuts:

http://www.bloomberg.com/apps/news?pid=20601087&sid=a6f9TlJgBdUU&refer=worldwide

Imagine if The One made such an announcement. That would probably reverse the trend about which Bluey writes. Such are not the ways of a Marxist, and that is what we have for a president.

By: Rod_Patrick

Rod_Patrick — Thu, 26 Feb 2009 04:03:46 +0000

especially when all the people are under the spell of the Obamessiah.