The Hussein Effect
Posted on 11/19/2008 2:07:58 PM PST by kcvl
NEW YORK (AP) - Wall Street hit levels not seen since 2003, with the Dow Jones industrial average falling below the 8,000 mark, as the fate of Detroit's Big Three automakers and the economy disheartened investors. Stocks finished at their lows of the session after the automakers pleaded for relief during a second day of hearings in Washington. The heads of General Motors Ford and Chrysler are asking for a massive infusion of cash to prevent millions of layoffs and stave off bankruptcy.
(Excerpt) Read more at breitbart.com ...
Burn, baby, burn.
OBAMA COMETH!!
I think it was the Hitler testicle story.
At that Oct. 29 session, the Fed ratcheted down rates to 1 percent, a level seen only once before in the last half-century. Many economists predict the Fed will lower rates again at its last meeting of the year on Dec. 16, to help brace the sinking economy.
http://www.breitbart.com/article.php?id=D94I6CF00&show_article=1
It’s hard to know what any stock should be valued at under a Marxist regime.
All the way to the ground.
But...this is really shaping up to be a “perfect storm” for Obama. He will claim a mandate to radically change our financial system (for the worse). Remember, he’s not President yet and all his voters are still blaming Bush.
A recent Forbers article has us dropping to 5,000.
America has made two terrible mistakes since Labor Day- first the government gave us the bailout, against the wishes of the majority of Americans, and then the marxist closet racist/fascit was elected POTUS.
And those who didnt support either the bailout or Barky will still suffer the consequences along with everyone else.
By inauguration day the Dow could be down to triple digit status. It will, of course, really fall after Maya Angelou reads one of her pomes.
We just think it’s bad now. Wait until Obama puts his policies into effect.
Obamanomics
It’s the 500 year old penguin story. Traders figured out it was the Mahdi.
Whats a pomes ?
Common sense would tell us that if millions of investor truly thought that 0bama would bring prosperity, they’d be chomping at the bit to get into the market ASAP. Instead, the exact reverse is happening.
Obama’s fault!
(Just practicing...)
Exactly, and not just that, but being that we may soon hit rock bottom, the recovery may take place during his administration, and if things go well after that, MARK MY WORDS, he will eventually have a monument to him in DC, right next to the FDR monument (which, BTW, I happen to think is gaudy and excessive).
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