mid-day, DJIA down by 2.5%, NASDAQ worse. Not looking good

IT'S THE CHANGE YOU CAN BELIEVE IN.

The Inauguration of Ignorance has been completed.

We have front row seats to the Inaugural Hypocrisy.

Yes... because they had no idea he was going to be President today and haven't made all the changes to their portfolio's weeks in advance of this...

This is rediculous. Wait a couple months then criticize, it will give you some credibility.

(01-20-2009 02:31 PM)firmbizzle Wrote:  This is rediculous. Wait a couple months then criticize, it will give you some credibility.

The market responds to current events, the most current being the swearing in of a President who hasn't been as friendly to businesses on the campaign trail. His benediction guy didn't make it any better.

(01-20-2009 02:33 PM)Rebel Wrote:  

(01-20-2009 02:31 PM)firmbizzle Wrote:  This is rediculous. Wait a couple months then criticize, it will give you some credibility.

The market responds to current events, the most current being the swearing in of a President who hasn't been as friendly to businesses on the campaign trail.

yea, I guess thats why warren buffet chose to campaign for him. And why Google and Citigroup raised his campaign $40 million dollars. And why the National Federation of Independent Business has supported him

(01-20-2009 02:39 PM)niuhuskie84 Wrote:  yea, I guess thats why warren buffet chose to campaign for him. And why Google and Citigroup raised him $40 million dollars. And why the National Federation of Independent Business has supported him

I'll save this and remind you of it in a year.

So are you saying the facts I posted are incorrect?

(01-20-2009 02:31 PM)firmbizzle Wrote:  This is rediculous. Wait a couple months then criticize, it will give you some credibility.

So I didn't see him campaign?

So I didn't see his appointees?

Do you go and roll around in poison ivy and say wait a couple of days to see if that was a bad idea?

Bad ideas are bad ideas. Some of us have learned from the past.

(01-20-2009 02:33 PM)Rebel Wrote:  

(01-20-2009 02:31 PM)firmbizzle Wrote:  This is rediculous. Wait a couple months then criticize, it will give you some credibility.

The market responds to current events, the most current being the swearing in of a President who hasn't been as friendly to businesses on the campaign trail. His benediction guy didn't make it any better.

Yeah the benediction guy sucked. "When white does what's right" I was like Oh boy. These guys are from the 50-60's they have to get there last shots in before they die.

(01-20-2009 02:50 PM)niuhuskie84 Wrote:  So are you saying the facts I posted are incorrect?

What facts? Are you saying those people are the only people in the United States investment industry? As for the National Federation of Independent Business, this means what? The UAW and NEA supported Obama as well, but I can damn well bet you not all the members.

(01-20-2009 02:53 PM)DrTorch Wrote:  

(01-20-2009 02:31 PM)firmbizzle Wrote:  This is rediculous. Wait a couple months then criticize, it will give you some credibility.

So I didn't see him campaign?

So I didn't see his appointees?

Do you go and roll around in poison ivy and say wait a couple of days to see if that was a bad idea?

Bad ideas are bad ideas. Some of us have learned from the past.

I usually wait for the results on the field. I thought hiring Ken Whisenhunt, Mike Smith, and Mike Tomlin were bad hires. They all proved me wrong.

(01-20-2009 02:54 PM)Rebel Wrote:  

(01-20-2009 02:50 PM)niuhuskie84 Wrote:  So are you saying the facts I posted are incorrect?

Are you saying those people are the only people in the United States investment industry?

And are you really saying that because the stock market dropped today it is the sole result of Obama being sworn in? Never mind the fact that we are in the middle of one of the worst economic crisis of our time.

I guess ignorance is only acceptable when coming out of your mouth.

(01-20-2009 03:04 PM)niuhuskie84 Wrote:  And are you really saying that because the stock market dropped today it is the sole result of Obama being sworn in? Never mind the fact that we are in the middle of one of the worst economic crisis of our time.

I'm saying the market, the people actually trading, responds to current events. Now, what current event happened today?

So if Obama would not have been elected are you saying the stocks would have gone up?

It is quite apparent that the market has not hit bottom yet, and it has nothing to do with the new administration. It has to do with the continuance of bad news all around. Last week was a terrible week for news, yesterday was a holiday. Over the weekend brokers continued to make adjustments to portfolio's based on their clients' requests. That is the cause, as his inauguration is not news.

(01-20-2009 02:55 PM)firmbizzle Wrote:  

(01-20-2009 02:53 PM)DrTorch Wrote:  

(01-20-2009 02:31 PM)firmbizzle Wrote:  This is rediculous. Wait a couple months then criticize, it will give you some credibility.

So I didn't see him campaign?

So I didn't see his appointees?

Do you go and roll around in poison ivy and say wait a couple of days to see if that was a bad idea?

Bad ideas are bad ideas. Some of us have learned from the past.

I usually wait for the results on the field. I thought hiring Ken Whisenhunt, Mike Smith, and Mike Tomlin were bad hires. They all proved me wrong.

I guess that's the difference between you and me.

(01-20-2009 03:06 PM)Rebel Wrote:  

(01-20-2009 03:04 PM)niuhuskie84 Wrote:  And are you really saying that because the stock market dropped today it is the sole result of Obama being sworn in? Never mind the fact that we are in the middle of one of the worst economic crisis of our time.

I'm saying the market, the people actually trading, responds to current events. Now, what current event happened today?

I didnt realize only 1 current event is allowed to happen per day.

The market is responding to our economy being in the toilet. I doubt that the inauguration has had one iota of effect on the market. If it has, the people in the market are fools.

Of course, most people in the stock market are fools. The market draws the small investors, giving them a bit of hope when their investments begin to look good. But after a time, the market will crash and the small investors lose most or all of what they have. The fat cats can shrug it off, while they pick up pieces of people's shattered lives. It's just another gamble, and any gamble against the house is a losing proposition. That's why you'll never see me investing in the stock market. It's a no win situation.

I've had 3 family members lose most of their money in crashes. My uncle in the one in '87. He had to go back to work after 5 years of retirement. He had plenty of money to last him and his family for a lifetime, and then one day it all vanished in a puff of smoke. A cousin ended up committing suicide after he lost half a million in '87. My parents lost a good portion of their retirement to the stock market in the 90s.

The stock market is nothing more than a scam to take more money from the little guy. They should do their trading in Atlantic City or Vegas...

Weren't folks on the political left free w/ their criticisms up until a few hours ago? Funny how their principles change.

(01-20-2009 03:18 PM)bitcruncher Wrote:  The market is responding to our economy being in the toilet. I doubt that the inauguration has had one iota of effect on the market. If it has, the people in the market are fools.

Of course, most people in the stock market are fools. The market draws the small investors, giving them a bit of hope when their investments begin to look good. But after a time, the market will crash and the small investors lose most or all of what they have. The fat cats can shrug it off, while they pick up pieces of people's shattered lives. It's just another gamble, and any gamble against the house is a losing proposition. That's why you'll never see me investing in the stock market. It's a no win situation.

I've had 3 family members lose most of their money in crashes. My uncle in the one in '87. He had to go back to work after 5 years of retirement. He had plenty of money to last him and his family for a lifetime, and then one day it all vanished in a puff of smoke. A cousin ended up committing suicide after he lost half a million in '87. My parents lost a good portion of their retirement to the stock market in the 90s.

The stock market is nothing more than a scam to take more money from the little guy. They should do their trading in Atlantic City or Vegas...

Stocks have historically out-performed every other investment option available. Are you saying you dont maintain a 401k?

No offense, but if your uncle was 87 and retired, why did he have all his money in the stock market? At that age it should have been shifted into something far more stable. The examples you cited is the reason why people diversify their portfolios and take a long term approach. You dont put all your eggs in one basket.