| Name: |
Talullahhound
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| Subject: |
Read it and Weep
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Date:
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7/23/2009 11:01:47 AM
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The DOW broke 9,000 this morning. Don't know where we'll be at the end of the day, but for this moment -- good news.
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| Name: |
widgethater
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| Subject: |
Read it and Weep
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Date:
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7/23/2009 1:39:43 PM
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Bet it retests 6600 before end of year!!
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| Name: |
water_watcher
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| Subject: |
Just anothe 500 points
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Date:
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7/23/2009 5:43:09 PM
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to get back to where it was when Obama took office.
But unfortunately for many ... look for a pretty good pull back. The market was over sold due to uncertainty. It no longer looks like the world will come to an end so money moved back in to the market. But now policy, the economy and employment will start to drive the market. And it does not look very good.
Unemployment claims are starting to come down a bit, but the report today still had the 4 month moving average of "new" claims at 566,000. That is huge.
Many companies "beat" their earnings estimate this quarter which also helped the stock market ... but revenues were down big from prior year ... businesses cut labor costs due to the weak demand and lower interest rates helped profits. But it was not that profits were up ... they were way, way down ... just beating the reduced estimates.
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| Name: |
au67
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| Subject: |
Read it and Weep
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Date:
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7/23/2009 5:58:18 PM
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From a conservative's point of view, the market is up because of Obama's disastrous press conference last night and the possibility that the current health care reform package will not only be delayed but killed.
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| Name: |
water_watcher
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| Subject: |
one other thing
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Date:
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7/23/2009 6:13:53 PM
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Have you ever noticed that Obama talks about Wall Street and big business as something bad. He forgets that their success drives employment and the more successful they are the more taxes that are paid. Both through their profits and the taxes from higher employment.
It seems even he should be able to figure that out ... yet he is doing everything he can to break the back of business which will drive employment lower and more companies moving operations overseas. Does he really care that people are unemployed? Even last night he mentioned two years again and said unfortunately for those that are unemployed, that is the last thing to turn around. It seemed heartless and uncaring to me. Especially where there are things that can be done to drive employment up.
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| Name: |
Feb
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| Subject: |
Read it and Weep
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Date:
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7/23/2009 6:54:00 PM
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Email me, I think I will take a little of your money on such a bet.
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| Name: |
Talullahhound
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| Subject: |
Read it and Weep
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Date:
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7/23/2009 7:22:50 PM
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I don't think that is why the market it up. And I believe that the health care will be delayed, but I think we will have something.
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| Name: |
architect
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| Subject: |
Confirm your facts WW
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Date:
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7/25/2009 12:02:44 AM
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Jan 20 2009 (the day Obama took office) the Dow closed at 7949. In other words it is up about 1100 points since he took office. It is not because of any direct acts of W that it went down from a high of 14000 to 7000 on his watch and Obama deserves no credit for the 1100 point run up on his watch. You come across as a fool when you pop off before checking for the facts.
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| Name: |
water_watcher
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| Subject: |
Confirm your facts WW
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Date:
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7/25/2009 8:37:35 AM
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You are right ... my error in my statement. I was referring to when he was elected ... it was after that the DOW slid another 2000 point as wall street knew the nightmare we were in for.
Thr rise is going along with Obama's fall in the polls and that finally even the democrats are starting to resist his agenda.
The last polls I saw posted ranged from a low of 46% approval to a high of 49% approval. I am not sure if any president has fallen so much in the polls in 6 months as Obama has. And I am not sure it is done.
For fun ... BING Obama the Anti Christ .... I know your favorite snopes says he is not .... but there certainly seems to be a lot of close alignment.
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| Name: |
architect
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| Subject: |
Confirm your facts WW
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Date:
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7/25/2009 12:35:40 PM
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Strange, The Obama approval polls I searched (pollster.com) show a low of 49% (rasmussen)* to a high of 61%. Most are in the 54% to 58% range. Obama's approval has fallen about 10 points on average since he took the oath. I haven't researched it but I'll bet you can finf several examples of a faster fall.
* As you can see on pollster's graphic, Rasmussen has been the outlier for months showing, ususlly by a big margin, the lowest approval and highest disapproval on the chart.
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