Dow crashes 280 points! Go Obama!
 

Dow down 4.1%
Nasdaq down 4%
S&P down 4.3%
Wilshire down 4.3%
etc etc etc

Obama quote:

fuuuuuuuuuuuuuuuuuuuuuuuuck

The end is near. :2 cents:

You have to think long term. Like 75 years. :error

Owh my god, the world is coming to an end!!

Fucking crash already. I am sick of hearing about it.

Go Obama Go!!!! Welcome to change....

Jim Cramer talking right now about how this is not the guy he voted for and he doesn't know what the fuck he's doing

Yesterday went ok and all went up.
Not so good today.

I wish I could say this is not what I expected from socialism, but...

:(

watch the markets... everytime Mr. President breaks out his teleprompter and gives a speah... within about an hour there is a big sell-off. Its getting so that you will be able to set your clock to it.

And i heard what Cramer was talking about... perhaps we should take a lesson on economics from China, it looks like they got it right!

Socialism for corporations = fascism, socialism for the common folk = socialism.:) .
A left leaning socialist would have gave the poor, working class most of the bailout money.

Yeah. Looks like they got it right

:2 cents:

I was thinking something similar too. Mr. P does his speech and persuades people to buy stock, since it's so low and everybody should buy(!). Then it goes up 3% just to see it go down 4% a day later.
Small time players or consumers will never be bailed out. I guess that is good for any government IMO moneywise.
Not bashing anything here. Just witnessing it all happen.

Yes. He alone brought about this crisis. No one else played any role in it whatsoever. True story.

Damn...if I would have sold short one of the stocks I sold just a couple weeks ago, I'd have made over 30% - it dropped nearly 19% today alone! And Obama's telling me to BUY? lol

Your nickname is Messiah. Are you Obama?

Like I keep saying, if the US follows Japan's lead during the "lost decade" of the 90s, the "bottom" of the Dow Jones Industrial average will be 20% of its record high of 14000... 2800. We're still 4000 points away from the bottom. I hope this doesn't happen and I hope I'm wrong. But I think all these bailouts and stimuli will have MASSIVE unintended consequences.

I agree . . . the consequences of the bailout are playing itself out. It was a horrible move. I sure hope it works (or at least that the economy recovers in the next year, which the admininstration will attribute to the bailout), but I just don't know.

:2 cents::2 cents::2 cents:

Well - the current P/E rationof the DOW is about 14. In past recessions, the trough was usually about 7-8 P/E. That puts the down bottoming out somwhere around 3000.

Oh... so now, government economic policies are comparable to social standards? Nice try. We are talking about economic policy... meaning, China's PRIVATE SECTOR job creation and growth in military spending.

The social & environmental standards is a completely different thread.

Their economic growth is largely in part due to the very small wages and poor working conditions they allow. Not to mention they purposely are undervaluing their currency to beat other "third world" competition.