While the stock market does impact the economy, the market reactions to Obama are BS. . .

[wndycty]

. . .after all these are the idiots who contributed greatly to this mess. I believe in the stock market but its impact on everyone's day to day life is BS. I don't like seeing the value of the market continue to drop but I am sick and tired of our economic policy being driven by Wall Street.

[LisaM]

1. It's interesting that you say that, because something seems fishy to me.

I don't think Rush is the only person who wants Obama to fail. I know that the economic crisis is spiraling, and that factors have been in place for a while that are now causing it to unravel all at once, but you'd still think there'd be a few positive bumps here and there - and that just getting Bush out of office would have created a nice jump start.

[Thrill]

2. He basically told them, It wasn't going to help them

And then it dropped 30 points.

Enough of Tailoring Policy to Wall Street

[uponit7771]

3. Yeap, market isn't the GDP, Obama is propping GDP which DOW will eventuall respond

[Clio the Leo]

4. Yep and this is the very reason why his answer last week....

.... to the question, "How will we know if the enconomy is improving? Through the stock market?" was "No, we'll know when unemployment goes down."

To which he should have added, "Duh!"

[kirby]

5. You are making the assumption that...

what is good for Main Street is good for Wall Street. That is just not the case in this situation. Banks are sitting on top of a massive fraud. They have loaned out huge sums of money based on inflated/flawed housing prices. They still have not come clean as to how much in the hole they are. If they are forced to finally renegotiate principal, they finally have to take the loss on the books instead of keeping the inflated values.

[HiFructosePronSyrup]

6. The Dow's up 2.5 pts.

It ain't the market, it's the media.

[depakid]

14. "It ain't the market, it's the media."

Yep- though there's a connection.

Both of them have been deregulated to the point where dishonesty runs rampant- yet oddly enough, people still can't get a clue that media deregulation is largely responsible for putting the policies in place (and encouraging and reinforcing the behaviors) that caused the markets to crash in the 1st place.

[The_Casual_Observer]

7. I wonder how much of it has to do with ordinary people moving their

401k money out of stocks & into money market accounts.

[vaberella]

8. I agree with you 100%. I don't think if the WS collapsed we'd die off.

I do think we should have helped the banks not the bankers.

[Clear Blue Sky]

9. Right. The fact that my retirement 401K continues to shrink is BS...

[Better Believe It]

10. The "market" mainly reflects public confidence or lack of it in the economy.

To a certain degree it follows the mood and feelings of the general public. And right-now very few people have any confidence in the economy. Most people are very nervous and are hanging on to their money. Can you think of any good economic reasons for the stock market to go up now? Have the lay-offs stopped, are people buying stuff, are banks lending again, etc.,? No.

If and when people believe we have reached the bottom and we begin to see an actual improvement in the economy a "bull" market is possible. That probably won't happen until 2010 at the very earliest. So be prepared to see a much bigger decline in the stock market, housing values and other clear signs of further deflation.

What are the chances of stopping a full scale economic depression. If everything that needs to be done is put into place, I'd say ONLY a 50/50 chance. But, I'm not an economist. I'm just depending on the worlds best economists for their analysis.

[grantcart]

11. My problem with your OP is that you have accpeted the media's premise

"The market reactions to Obama"


really? Where is the proof in that?



Maybe the market is reacting to the idiotic remarks by Republican leadership in Washington and the realization that Obama is going to have to fight hard for common sense.


Or maybe the market is reacting to the idiotic Republicans in the California state legislature that are driving the state to absolute bankruptcy because the Republican leadership can only deliver 3 and not 4 votes to pass the budget and 20,000 state workers are going to recieve their pink slip.


Who is to say what the market is reacting to. I hear this over and over and many times find the cause they cite to be very weak.

[thewiseguy]

12. When it happened to Bush it was fair game but now it is all a conspiracy!

:eyes:

[backscatter712]

13. How much do you want to bet there are manipulators at work?

Carlyle Group or similar right-wing organizations and right-wing billionaires would be dumping and short-selling stocks and other equities specifically to tank the Dow and make Obama look bad.

Why do you think the price of gas always drops just before an election?