| Name: |
GoneFishin
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| Subject: |
Messiah and the Market
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Date:
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3/23/2009 9:13:36 PM
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Thanks to President Obama, the market went up 500 points today. It is so refreshing to see how the market reacts to his positive words of encouragement and actions by his Secretary of Treasury. Too bad Rush and his DITTO heads on this forum want him to fail. The RIGHT is truly speechless today about the big bounce but watch when it fall a few points and the Republican nay sayers are out like a flash discrediting our President.
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| Name: |
MrHodja
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| Subject: |
Messiah and the Market
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Date:
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3/23/2009 9:28:19 PM
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Interesting timing for you, the gutless wonder. Where have you been hiding? If your position is so righteous, why weren't you defending it when the chips were down?
Your post reminds me of a cartoon I saw about 50 years ago that showed a guy going into a casino with two huge bags of money and then comes out grinning ear to ear with his bag of "winnings" that would fit in a shirt pocket.
Your Jerk In Chief with his co-conspirators in Congress ares bankrupting the country, and, regrettably, those of us who realize that will, end the end, be proven right. But then you won't be around because you won't have the balls to admit that you were wrong.
Nasreddin Hodja
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| Name: |
Summer Lover
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| Subject: |
Messiah and the Market
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Date:
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3/24/2009 9:00:20 AM
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"Watch when it fall a few points"? Those of us who have investments or 401Ks DO watch. On Death of Capitalism Day (11/4/08) the DOW was at 9625, and after your incredible bounce we are still about 20% below that mark - but I guess Obama is responsible for all that is good in the world, just as Bush is for all that is bad. Since you are the omniscient financial God, please tell me how we can borrow from our children and grandchildren ... I am sorry, I mean - how we can borrow from those future generations who PAY taxes, borrowing well beyond what this country could ever afford to fix a problem that was caused by people borrowing money that they could not afford to pay back.
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| Name: |
Council Roc Doc
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| Subject: |
Messiah and the Market
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Date:
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3/24/2009 9:08:15 AM
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Positive actions by the Secretary of Treasury huh? He basically wants to wipe out 1 Trillion of bad debt off of banks balance sheets by using the taxpayers, like YOU and me, to guarantee against the downsize risk on the value of these assets, while at the same time giving the upside to private investors! Sign me up!!
This is, as Joseph Stiglitz, Nobel Prize winning Economist states,"robbery of the American people" and not going to work.
I gotta wonder if people are just so desperate to see ANY good come from Obama that they are willing to accept anything thrown at them. Come on people, do a little research before posting.
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| Name: |
Talullahhound
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| Subject: |
Messiah and the Market
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Date:
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3/24/2009 9:15:02 AM
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I saw an interesting discussion about the Geitner plan for toxic assets. As I understood it, the success of the plan depends on the market being willing to buy assets currently valued at $.30 cents on the dollar, for $.70 on the dollar. This will help the banking system because it relieves them of the toxic assets, and people will want to invest in it because of the possibility of high gains. Although Wall Street loved it yesterday, it doesn't seem to pass the common sense test to me.
Am I understanding it correctly?
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| Name: |
Rob Roy
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| Subject: |
Messiah and the Market
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Date:
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3/24/2009 10:51:26 AM
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Sorry folks but it seems to me the totally unexpected 5% plus real estate sales increase had a lot more to do with the market uptick than the toxic asset plan. We can only swallow so much toxin before we go down.
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| Name: |
water_watcher
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| Subject: |
Yes that was great
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Date:
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3/24/2009 4:31:46 PM
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Having a nice up day after Obama tanked the stock market by more than 3,000 points in just two months is a welcome change. Hopefully he can keep it up as it makes us greedy republicans very happy. Although today was another Obama down day. But there is only so far he can beat down the country and drive more people out of work with his non stimulus plan and wasteful budget before you get a relief rally. We could see recovery in the market in the not too distant future all the way up to where the DOW was before Obama got elected. It will have to go higher than 10,000 before he can start taking the credit.
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| Name: |
Talullahhound
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| Subject: |
Yes that was great
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Date:
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3/24/2009 4:43:42 PM
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| Name: |
Talullahhound
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| Subject: |
Yes that was great
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Date:
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3/24/2009 4:43:43 PM
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| Name: |
Talullahhound
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| Subject: |
Be Interesting to see
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Date:
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3/24/2009 4:48:33 PM
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If Geitners testimony before Congress today buoys the market tomorrow or drops it.
Geitner has done little to impress me. If what I understand about his plan is true, I'm going to be very surprised if it flies. Then he will have wasted a bunch of money for nothing, and the government will be left holding the bag. Maybe it's time for Geitner to go. (Someone actually suggested the other day that Geitner and Summers should swap jobs).
I watched a few minutes of the beginning of the testimony, but it was Barney Franks and I just can't stand the sound of his voice.
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My computer mouse in the "cat landing zone" and it looks like they did it to me twice.
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| Name: |
GoneFishin
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| Subject: |
My dear friend Mr Hodja
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Date:
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3/25/2009 12:07:15 AM
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First you suggest I needed a shrink. Now, I am gutless for not posting earlier and then suggesting even worse things for me later. And, I have always considered you are friend who simply disagrees with me. Sadly, my cable was canceled for non payment and I received a special stimulus payment which enabled me to reinstate my cable and internet. One again, I will become an active participant and will be able to enlighten you and your fellow DITTO heads.
Do I agree with all that Obama and his Treasury Secretary are contemplating?? Of course not. I just wish we heard a solid plan from the Republicans in Congress.
Mr Hodja have a nice day.
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| Name: |
MrHodja
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| Subject: |
I Will Have To Admit
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Date:
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3/25/2009 7:49:36 AM
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You do add a bit of comic relief to otherwise serious discussions.
Keep your powder dry - the rains are a'coming!
NH
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| Name: |
Summer Lover
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| Subject: |
I Will Have To Admit
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Date:
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3/25/2009 8:41:46 AM
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And the rains will be of epic proportions such as has never been in the USSR before.
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instead of stockpiling ammo for the coming revolution, we should have been building an ark... (smile)
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| Name: |
MrHodja
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| Subject: |
Maybe
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Date:
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3/25/2009 8:50:02 AM
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Been so preoccupied with low water that high water brings new concerns. I may have to go unhook my floating dock and floating boat slip - lest they pull the stationary stuff up by the roots!!
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| Name: |
Summer Lover
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| Subject: |
Maybe
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Date:
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3/25/2009 10:55:42 AM
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Unfortunately, not a one step solution - I hope you will be prepared to repel boarders.
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| Name: |
MartiniMan
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| Subject: |
Messiah and the Market
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Date:
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3/25/2009 4:45:16 PM
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GF: Great to have a drive by comment from you as you have been so quiet over the last 2 months as the Messiah has made one mistake after another. I am happy to see the market go up and if BO were responsible I would give him credit. I do think part of the uptick was due to the housing numbers but I also think the plan to buy toxic assets helped as well, as much as I oppose the program. I have read a number of economists over the last several months that have blasted the administrations (Bush and BO) for TARP, the stimulus-porkulus and the recent budget and have proposed this very step instead of all the crap. I suspect this hasn't gone unnoticed with the investor class and institutional investors and contributed to the uptick.
Unfortunately, his tax and spend programs and proposals to increase the size, scope, cost and intrusiveness of the federal government will in the long run grasp defeat from the jaws of victory. Welcome back, even if for a drive-by comment! I would say Hound has held up your end of the discussion but she is not nearly as entertaining.
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| Name: |
Lady
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| Subject: |
Messiah and the Market
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Date:
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3/25/2009 5:20:04 PM
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GF = a breath of fresh air!
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| Name: |
Summer Lover
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| Subject: |
Messiah and the Market
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Date:
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3/25/2009 5:24:12 PM
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I thought it smelled fishy, but I guess some would like that as a cologne.
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