Posted on 03/05/2009 1:08:05 PM PST by central_va
NEW YORK (AP) -- Investors fled Wall Street as fear grew about the stability of the nation's largest banks and worries mounted about General Motors Corp. The major market indicators resumed their slide Thursday after a one-day rally, falling to levels not seen in more than a decade as investors contended with more disheartening economic data, new concerns about the stability of GM and ongoing uncertainty about the financial system.
(Excerpt) Read more at finance.yahoo.com ...
Anyone think Obama, Nancy and Harry are having second thoughts?
Why? Their plan is working exactly as intended.
Obama is a marxist, Pelosi is an airhead and Reid is clinically depressed. So no, it doesn’t bother them.
But this is just Obama's "Affordable Stock Purchasing Program" (ASPP) working for the 'disenfranchised' among us. Soon even his broke-*ss brother in Kenya can buy shares in the largest corporations. In fact, he can get Sh*tiBank shares now for about a buck apiece!
Another successful day for the plans of Hussein and friends. Panic, riots and marshal law getting closer every day, huh Hussein?
“If tomorrow all the things are gone I worked for all my life.”
The first line of that famous Lee Greenwood song is in my mind now. I just hope the rest of the song holds true as well. Especially the part about “the flag still stands for freedom, and they can’t take that away.”
I don't know about that one... you see, nobody is going to finance the reelection campaign of the party that is directly responsible for losing all their money...
After all, the end result is money talks, losers walk...
Stocks tumble as investors worry about banks, GM - AND OBAMA!
I don’t think the country can stand FOUR months of an Obama presidency let along four years!
The market’s falling for any reason other than Obama, according to our faithful press...
All one need do is pull up a chart and plot the day when Obama got elected and see the market’s pretty much headed straight down since...3000 points down later and they’re still bullshitting us...
Baloney. This decline is across the board. Just plain old panic selling.
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It’s not panic selling, unless you are suggesting people are panicking over Obama’s war against capitalism. I would call that selling “rational”.
I feel like I’m caught up in a television show: “Welcome back, voters, to Ty Obama and Extreme Makeover: Fed Edition. Let’s rejoin Ty and crew as they complete the demolition phase of this project.”
Ty Obama: “Hello, voters. Enjoying your post-election vacation? I just wanted to let you know everything is in capable hands. The crew and I are having a ball tearing down all that old-fashioned government and getting ready to give you a nation you won’t recognize when you get back. Now just relax and enjoy yourselves. You’re going to love it.”
I see the market expecting bankruptcy for a number of America’s major DOW - industrial firms, such as Dupont, Dow Chemical and Alcoa. These firms have relatively large debt loads, which in a fairly normal credit market, would not be considered excessive. These firms are not like GE, who has a large financial business.
They are worried about the communist in Chief.
LLS
We haven't seen the capitulation panic yet.
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