Don't think so...at least not yet.
We'll see.
Met with my financial adviser last night. My accounts are up 19+% for the year.
So all you people that pulled out in fear, HAHAHAHA! Losers!
I’ll still be in for the Romney rally in November.
Smart investors sold before the quarterly reports from business came in, and a dismal lot they are. This market is based on nothing but Bernanke’s funny money, and the wise investor should get out before the stock bubble bursts.
That alone should send the markets thru the roof.......in a sane world........
(MSNBC headline) More proof that Corporate fat cats want Obama to fail or something.
No Bloodbath .... yet. But
If 0bama steals the election, hang on.
The DJIA is down 166 as I post.
It looks like a lot of companies are holding back layoff announcements until after the election
200 ema look for support.
.
Durable goods were down 13.5% last months and BLS admitted that the drop in unemployment was due to the increase of “involuntary part time” workers. So this is just the latest in an ongoing pattern over the last couple/few months.
I had to look this thread up to make my comment for the record.
Obama started the game of jiggering numbers to bring about a political goal, a press cycle of a trend in his favor.
What we have learned is that it is a great game and others can play as well. That would be boards of directors and captains of industry as players. They are vigorously playing the game and their numbers are earnings reports.
What we have seen are earnings reports of less than projected or expected and a resultant decrease in market averages. Like the unemployment numbers, earnings figures will be adjusted upwards in following periods to make it all right and truthful.
But for the short term, the Obama adjustments are tempered or even overcome by the markets decline on the poor earnings reports.