Stocks fall as investors ponder Obama presidency

[southwind]

Good Luck everyone!...........................We're "ALL" going to need it !

http://news.yahoo.com/s/ap/20081105/ap_on_...wPPNSrqRqayBhIF

 

[dapoes]

 

[tadjr]

We sure are going to need all the help we can get. Please explain the $XX,XXX loss in my 401K before Obama was even elected.

 

[Gilding the Lily]

Good Luck everyone!...........................We're "ALL" going to need it !

http://news.yahoo.com/s/ap/20081105/ap_on_...wPPNSrqRqayBhIF

That article places too much emphasis on Obama as the reason for today's drop in the Dow, as if the mere "pondering" of investors led to the decline. Rather, now that the election is over, investors are forced to look beyond Obama's historic victory and see the economy as it is. This morning several indicators came out that have much to do with the Dow's decline. An index of private employment showed companies lost 157,000 jobs in October. Moreover, a report also noted that non-manufacturing sectors of our economy contracted sharply in October, its index falling to 44.4% from 50.2% in September.

 

[777 fixer]

That article places too much emphasis on Obama as the reason for today's drop in the Dow, as if the mere "pondering" of investors led to the decline. Rather, now that the election is over, investors are forced to look beyond Obama's historic victory and see the economy as it is. This morning several indicators came out that have much to do with the Dow's decline. An index of private employment showed companies lost 157,000 jobs in October. Moreover, a report also noted that non-manufacturing sectors of our economy contracted sharply in October, its index falling to 44.4% from 50.2% in September.

Then there are things like the latest sales numbers from the Big Three in Detroit.

 

[delldude]

We sure are going to need all the help we can get. Please explain the $XX,XXX loss in my 401K before Obama was even elected.

The Messiah is looking into several plans to get at tax sheltered earnings.I heard two today.One they tax what you have already saved...another they totally confiscate it.Then you get one check from SSI.
They want your unpaid taxes and will get it one way or another.

Didn't hear about that on nightly News did you?

 

[tech2101]

I heard two today.
Didn't hear about that on nightly News did you?

Listening to Rush Limbaugh again?

 

[dapoes]

We sure are going to need all the help we can get. Please explain the $XX,XXX loss in my 401K before Obama was even elected.

Its ok, as long as there is some left when your unemployed...due to the rampant job losses he will cause.

 

[KCFlyer]

The Messiah is looking into several plans to get at tax sheltered earnings.I heard two today.One they tax what you have already saved...another they totally confiscate it.Then you get one check from SSI.
They want your unpaid taxes and will get it one way or another.

Didn't hear about that on nightly News did you?

So...let me get this straight. A couple of weeks ago the Dow dropped almost a thousand points. It regains 500 and the next day it gains 10 more...and this is a sign of the turnaround of the economy. Then it drops 250 and the election hasn't even been held yet. What if tomorrow, the Dow gains 500? Would this be a sign that Wall Street has had time to digest the election and is showing it's approval at Obama?

 

[North by Northwest]

Its ok, as long as there is some left when your unemployed...due to the rampant job losses he will cause.

Would that be anything like the 500,000 airline jobs lost under Bush Airways management? Or the millions of other jobs he's shipped over seas?

Finally, you can start cleaning some of the "trickle down" drip-o-nomics from your head. The sun is finally shinning for working America again.

 

[dapoes]

The sun is finally shinning for working America again.

Not for long! :unsure:

 

[North by Northwest]

Not for long! :unsure:

Oh, it will, once you get the feel of your new UNION. "Coming Soon to an airline named New Delta!"

 

[dapoes]

Oh, it will, once you get the feel of your new UNION. "Coming Soon to an airline named New Delta!"

I seriously doubt that Obama's long held promises to the unions for sweeping change will ever see the light of day.

Especially considering how the economy and job market has tanked considerably since aligning with union leadership fantasies.

If anything it will drive up unemployment and see a mass exodus of jobs leaving the US. More so then there is now. If anything it will guarantee more outsourcing, not prevent it.

Lets see how fast the unions throws him under the bus for not delivering on his cheap attempt to garner their votes.

May want to go sharpen your resume as under Obama you just got one step closer to the unemployment line. Union or no union. :down:

 

[KCFlyer]

I seriously doubt that Obama's long held promises to the unions for sweeping change will ever see the light of day.

Especially considering how the economy and job market has tanked considerably since aligning with union leadership fantasies.

Yes...than damned old "living wage"...I guess we should all just work 3 jobs to make less than what we used to working one.

If anything it will drive up unemployment and see a mass exodus of jobs leaving the US. More so then there is now. If anything it will guarantee more outsourcing, not prevent it.

Will it? What happens if corporate taxes are structured to PUNISH those outsourcing and REWARDING companies who keep jobs here? I mean, we have tax laws that allow companies to pay NO tax...yet they still offshore.

Lets see how fast the unions throws him under the bus for not delivering on his cheap attempt to garner their votes.

May want to go sharpen your resume as under Obama you just got one step closer to the unemployment line. Union or no union. :down:

How much WORSE can it get than it already is??

 

[dapoes]

How much WORSE can it get than it already is??

Much, much worse. Mark my words. :down: