Posted on 02/25/2013 1:22:43 PM PST by Olog-hai
The Dow Jones Industrial Average skidded more than 200 points Monday in a late sell-off that analysts blamed on concerns about Italy’s elections. …
The election showed a surprisingly strong performance by Beppe Grillo, whose 5 Star Movement has capitalized on a wave of voter disgust with the ruling political class. Another surprise has been the return as a political force of billionaire media mogul Silvio Berlusconi, who was forced from the premiership at the end of 2011 by Italy’s debt crisis, and whose forces now had a strong chance of capturing the Italian Senate. …
(Excerpt) Read more at newsmax.com ...
Oh how tragic, liberals strike out in Italy, Silvio could be back, Obama hates Silvio!
Down 216 on an Italian election. Riiii-iiiight!
Yep he does, Silvio has a wife whose butt isn’t as big as one on a hunnert dollar mule.
The little girls on Wall St. are scared spitless that their sugar daddy, Bernanke, may not keep buying worthless securities at the rate of $85 billion a month until 2015. (Yes, $85 billion of the sequester is an ENORMOUS amount of cuts over 10 years according to Obama, but it’s ONE MONTH”S spending for the feckless Fed.)
Mooch also hates Silvio.
I would like to know, who exactly is the person who attributes the rise and fall of the market to a single specific cause, each and every day?
How do they determine the cause? Formal poll? Who do they ask?
Is the cause of the market change a majority attitude, a plurality opinion or just who yells the loudest?
What authority do they posses to make this determination?
Explain to me how this isn’t liberal propoganda. I could just as easily attribute the market drop to a lack of progress on Fast and Furious.
Looks like it is liberal propaganda. Newsmax just updated and expanded the story text, and now it’s credited to the Associated Press rather than “Newsmax wire services”.
How do they determine the cause? Formal poll? Who do they ask?
Is the cause of the market change a majority attitude, a plurality opinion or just who yells the loudest?
What authority do they posses to make this determination?
Explain to me how this isn’t liberal propoganda. I could just as easily attribute the market drop to a lack of progress on Fast and Furious.
I'm sure you know the answers to the questions you've posed but, I'll put it into TEXT for everyone to read.
What we are being told is complete and utter BULL$HIT.
The TRUTH is simple. America's economy is in a tailspin and the financial markets are being propped up by the 80 to 90 BILLION dollars worth of bonds and T-Bills being purchased MONTHLY by the Fed.
This is going to hurt, at least it is hurting me, big.
However, I think this French excuse is B/S. I suspect this tanking has much more to do with Obama and his democrats 24/7 forecast of doom and gloom over the sequestration.
Nah it’s simpler than that. Most financial journalists are lazy hacks. Whatever the big news is that day, that’s the cause.
That’s how you get morning headlines like “stocks are up on better than expected housing starts, suggesting that the economy is improving” followed by afternoon headlines of “stocks fell today on better than expected housing starts, suggesting that the Federal Reserve will ease its monetary stimulus known as Quantative Easing.”
I used to have a file of then I collected over the years. 2008 was particularly egregious, especially when they tried to explain that stocks went up (or down) because oil went up (or sometimes down) based on strength (or sometimes on weakness) in the U.S. dollar, combined with higher (or sometimes lower) estimates of consumption versus supplies.
“Italy Election Jars Wall Street; Dow Falls 216 Points”
D.C. Fascists Groups and Communo-Fascists Pensions Can’t Tax Enough; Scare Tactic Falls 216 Points.”
That’s right.... gotta keep The Rigged Paradigm in place, until full blown Extortion Care is shackled, starting in 2014.
The same people who report that gas prices are going up due to the aftermath of Hurricane Sandy. I have not heard a single reporter say that our government is destroying the value of the dollar. That is the source of inflation, but all the morons on TV blame rising prices on everything except the true cause.
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