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Here comes the MSM spin; doesn't help my portfolio, (what's left of it)!
1 posted on 08/04/2011 7:00:19 PM PDT by PROCON
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To: PROCON

The worst is yet to come. Not a single piece of good news on the horizon.


2 posted on 08/04/2011 7:02:32 PM PDT by Huskrrrr
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To: PROCON

Worst recession since Hoover. Isn’t that what the communist media was saying about GWB?


3 posted on 08/04/2011 7:05:52 PM PDT by 23 Everest (Bonnie 831. I carry a gun because a cop is too heavy.)
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To: PROCON

That would make it a tie for the 9th worst drop in 20 years. Oh joy.


4 posted on 08/04/2011 7:06:56 PM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: PROCON

There was a large spike in volume just before 4pm. Watch what happens at opening time tomorrow!


7 posted on 08/04/2011 7:23:43 PM PDT by CharlyFord (t)
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To: PROCON

Brother, can you spare a dime?


8 posted on 08/04/2011 7:25:02 PM PDT by Sparky21555
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To: PROCON
Hard to miss that the biggest drop occurred when that looser Carter was President.
9 posted on 08/04/2011 7:27:35 PM PDT by Doe Eyes
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To: PROCON

I never realized how many stock market crashes Bush caused.


10 posted on 08/04/2011 7:31:06 PM PDT by Redmen4ever
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To: PROCON

I watched NBC Evening News tonite to see what the Spin would be, and the FIRST words out of Brian Williams mouth were

“A situation beyond Obama’s Control...”,

blaming EUROPE for today’s carnage, and COMPLETELY ignoring that the markets have fallen by 1,200 points in the last 10 days.


14 posted on 08/04/2011 7:43:51 PM PDT by tcrlaf (PREFRONTAL LOBOTOMISTS FOR OBAMA2012!)
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To: PROCON

Strange, for all the spin in this article I have never heard obama blame McKinley for our financial issues.


19 posted on 08/04/2011 8:33:06 PM PDT by goodwithagun (My gun has killed fewer people than Ted Kennedy's car.)
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To: PROCON; tcrlaf; Redmen4ever; Huskrrrr; mlocher; Dilbert San Diego; goodwithagun; Nachum; ...

No, not a single piece of good news that anybody cares about on the horizon.

I don’t see anything good going on even with corporate profits high as they are and so much money in the banks. Nobody seems to care. It seems things are determined to crash in spite of whatever may be the fact about Apple’s 100% gain in year over year profits, high corporate profits or anything else. If these things are a factor the market does not care, it is an emotional animal or sees something else than corporate profits at this writing.

The likes of Roubini and Denniger mouth off constantly about the market being a place where fools put their money and yet they offer no alternative. Gold? Really? Maybe a few years ago. Obastard has just about successfully shut down growth.

I will report to you that between 1-1-99 and 1-1-11 the DOW went from 7906 to 11891, a whopping 3.189% annual rate of gain. Make your 401K pay on that bubba.

I think it will be easy enough to see when things get better and I don’t see how it will get fundamentally better until this bastard obastard is gone and we restructure entitlements, taxes, regulation and the size of government... it will be DREADFULLY painful if it happens and WORSE if it doesn’t. QE3 may artifically prop things up but this house can’t stand forever with just props for support when the foundation is crumbling. We saw the market look for bottom yesterday on the rumor of QE3 but the fundamentals keep falling.

If this nation and economy doesn’t recover it won’t matter where your money is. If it does recover, and I think it will in time after this administration is gone, I will have saved myself worry thorough the trough by being on the sideline. If a new lower base is established and things calm down and this administration is gone the cash on the sidelines will buy more assets to appreciate.

I still have some small amount of control over this Bastard Administration and I am going to exercise it. I can’t vote with my feet and I can’t get the politicians to listen to what I ask them to do so I am already out of the market as my stupid way of sending a message.


20 posted on 08/04/2011 8:52:37 PM PDT by Sequoyah101 (Half the people are below average.)
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To: PROCON

The stock movements of 100 years ago before controls on the market could be downright evil. Today’s honestly was orderly and in historic terms a piker.


26 posted on 08/04/2011 9:55:18 PM PDT by Free Vulcan (Obama/Biden '12: No hope and chump change.)
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To: PROCON
Has anyone totaled up the economic damage done by this regime? I saw a brief squib on CNBC stating that the recent fall in the stock markets alone was a loss of 1trillion dollars worth of wealth. By comparison, Hurricane Katrina did about $ 81 Billion worth of damage. Most Americans aren't accountants, so throwing large numbers wouldn't help, but if we could show graphically how much damage has been done, it would probably look like having been invaded and defeated by a hostile power

30 posted on 08/05/2011 3:09:26 AM PDT by jmcenanly ( "We pay a person the compliment of acknowledging his superiority whenever we lie to him." -Samuel)
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