What do you think of the market today and why?
Genesis, Passages and others please chime in.
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What do you think of the market today and why?
Genesis, Passages and others please chime in.
FREE MONEY!
But this is no different than when bushy was president....
Krush. The DJIA is down about 300 points. Free money????????????????
Sell the news.
We were radically overbought on the short-term measures, and look to be in a complex corrective movement, similar to what happened after Bear Stearns.
You can make money trading this, but trying to invest here is really, really dangeorus.
Obama now has the baton and he has to perform as he can't point the finger and say "the e-vile Republicans obstructed!" Uh, nope. That ain't gonna work.
So the Democrats now "own" whatever happens. At times like this that's what you want, so the public can judge and draw its own conclusions.
I can't agree more with manufacturing being our backbone. Right now we are hurting but will stronger unions and raising minimum wage help our situation or hurt it. Any Chiropractors in the house?
I am lucky enough to now be in a situation where I have nothing to lose in the market. It's pretty much all gone already. Long term retirement funds will stay invested and I will hope for some recovery.
Down another 480+ points. I guess NObama is not the darling of the financial world.
Lets see now...The people in Kenya, and all of Africa for that matter, are elated, smiling, and jumping for joy. Wall street is tearing its hair out. I think I see more clearly now!!:(
Maynard I am not as concerned with the people of Kenya as I am with the ME countries. I see bad things happening on the next watch if we don't take action to prevent them.
I had a nobama supporter tell me that once elected (even before he took office) stocks would go up because the financial world would know that the new guard will fix things.He was convinced the market and all US business will be back to recovery as soon as Nobama won the election. I countered with "everything he wants to do is against my basic business and science education but since I did not go to Harvard I am not sure how it really works". Only Harvard ( or other Ivy league) MBA's can figure out how to consistently loose money and still make the big bucks. I believe it is based on their friends getting them government grants or something like that.
Wall Streets reaction was not positive in fact I feel it was the opposite. I expected peoples outlooks for the president elect to be reflected in the days trading but other influences are also there. I can't blame him for all of it. The market will be a barometer of the traders outlooks.