The worst is yet to come. Not a single piece of good news on the horizon.
Worst recession since Hoover. Isn’t that what the communist media was saying about GWB?
That would make it a tie for the 9th worst drop in 20 years. Oh joy.
There was a large spike in volume just before 4pm. Watch what happens at opening time tomorrow!
Brother, can you spare a dime?
I never realized how many stock market crashes Bush caused.
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.
Strange, for all the spin in this article I have never heard obama blame McKinley for our financial issues.
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.
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.