Did you read the story.Quote:
Originally Posted by Busyman
?Quote:
Originally Posted by j2k4
The Stimulus Package caused the recession?
W.....T.....F?
Wasn't there be a hole lotta fukcngi up before this?
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Did you read the story.Quote:
Originally Posted by Busyman?Quote:
Originally Posted by j2k4
The Stimulus Package caused the recession?
W.....T.....F?
Wasn't there be a hole lotta fukcngi up before this?
Quote:
Originally Posted by j2k4Did you read the story.Quote:
Originally Posted by Busyman
Most of it. Yes.
Then you believe the stock market's general downward trend and Obama's banging on about his "package" are two totally unrelated matters.Quote:
Originally Posted by BusymanQuote:
Originally Posted by j2k4
Most of it. Yes.
Fancy that.
While you apparently believe that the stock market is tethered to reality in any quantifiable way.
Fancy that.
Here's a clue:Quote:
Originally Posted by clocker
On the way up, it is not.
On the way down, though, it certainly is.
Then falling from a hallucinatory high back to a more reality based level should be a good thing, right?
Ummm, yeah, sure.Quote:
Originally Posted by clocker
At what level do you believe reality will have fully re-asserted itself...after all, it's as low as it's been since Clinton, so Bush no longer figures in.
Reality + Wall St.= does not compute.
Somewhat, yes.Quote:
Originally Posted by j2k4Then you believe the stock market's general downward trend and Obama's banging on about his "package" are two totally unrelated matters.Quote:
Originally Posted by Busyman
Fancy that.
Like I remember when Bush banged on about having that huge bailout on TV and when it didn't happen immediately, we had a crash like no other in a long time.
Absent the plea for the bailout on national television, no stock tank.
It was one of the most irresponsible things I've ever seen by Bush.
Now with this, Wall Street wants more free money bailouts with little or no oversight....like the first one. Since it doesn't look like it's going to happen in that manner, stock went down.
Two tifferent tings.
One was give us what we want NOW and how we want it or we pull our money. The other is you are NOT giving us what we want how we want it so we are pulling our money.
I totally disagree.Quote:
Originally Posted by j2k4Here's a clue:Quote:
Originally Posted by clocker
On the way up, it is not.
On the way down, though, it certainly is.
It's tethered to reality in more ways than you know, both ways.
It could be the reality of some big investor buying a lot of one stock which in turn makes other buy like "there must be something good" and in turn makes the stock rise.
A new product or idea makes stock rise. Promising cancer drug - stock rise. Not approved by FDA - stock fall.
I used to take surplus time off work (no pay) just to trade stocks until my job took surplus time away. They said it made it look like less technicians were needed.:ermm: It was me and one other coworker (his wife died of cancer and he had a lot of life insurance money) who lived on 16th St NW DC (prestigious address).
Anyway, stock are tethered to some reality. It's just that you may not see it if not paying attention to specific markets and companies.