Posted on 03/05/2009 11:38:53 AM PST by Rufus2007
Finally after five straight down days for the Dow Jones Industrial Average (DJIA), it rallied back 149 points to finish at 6,875 on March 4. But it picked right back up today and continued to fall.
What's holding it back? CNBC "The Kudlow Report " host Larry Kudlow had Jeff Macke, founder and president of Macke Asset Management on his March 4 program and asked if the rally, along with other indicators might be signs of a recovery. Macke, a co-host of CNBC's "Fast Money" said he wasn't impressed and blamed President Barack Obama.
"It would if not for an administration that has created a country full of 330 million people who all want to make $249,000 a year, less they want to become one of the wealthy,' who apparently the government hates," Macke said. "If this administration can get their act together and be pro-business to support the idea of success instead of penalizing it - that would be one thing that would get me excited."
...More (w/video)...
(Excerpt) Read more at newsbusters.org ...
He’s asking a Zebra to change it’s stripes. Wait....was that racist?
Qhat’s the easiest DOW/S&P graphing website to use?
INDU stock charts is poor. Poor displays. Poor defaults.
I understand....but over time I’ve learned that my gut isn’t as smart as my brain.
Yahoo is still one of the best for finance IMHO, though for email I prefer Google.
Not going to happen.
In the end, most of America, those with jobs left, will be working just to pay the debt forced upon us, and for millions of state and federal government retirement pensions.
In our larger, more expensive cities, two professionals have to work pretty hard to NOT make 250k.
“BBC gets wedged in there between ABC and CNN.”
I don’t think it works, but you can have it anyway you want.
I understand also-
The hardest thing for me to remember, is that ultimately we are not in charge. We sometimes deceive ourselves into thinking we are.
The market continued to gain after the democrats got control of congress in Jan 2007.
October 9, 2007 14164 New all time high on the Dow July 2, 2008 11215 Dow closes more than 20% below its Oct. 2007 high - bear market February 27, 2009 7062 Dow closes at post 1997 low - more than 50% below its Oct. 2007 high. March 5th, 2009 DOW closes at 6394.44
It took them until almost the end of 2007 to start the downwards spiral.
Obama "inherited" the stock market decline and housing bust from Pelosi, Reid, Frank and Co.
This is organized crime at work in the Obama administration.
We are all screwed.
I hope you’re right. My worst fear is that some idiot wastes the Marxist idiot and makes a martyr of him. Keep in mind that it won’t necessarily be some crazed invester or right wing nut. The assassin could be one of his own left wing zealots. It’s one way to keep his stench in the air.
His assessment of the goal is incorrect.
Obama uses botox?
This is Obama’s Katrina. Obama is not moving fast enough to stop the bleeding, and what he is doing is all wrong.
I know that it is intentional, but the people who voted for him won’t believe that. So, just keep calling it Obama’s Katrina.
Obama fiddles while the economy collapses.
Carter does LOL
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