Happy Day for Investors????

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Red
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Happy Day for Investors????

Post by Red » Tue Jan 20, 2009 8:14 am

Dow 165 points. Reality hit! 8-[

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GOODave
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Re: Happy Day for Investors????

Post by GOODave » Tue Jan 20, 2009 7:24 pm

Saw on one of the news shows that today was the biggest fall in the DOW (or maybe it was the market, I don't remember) of any inauguration day.

I would have expected exactly the opposite with all the exuberance I've been witnessing today.

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kevinhurl
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Re: Happy Day for Investors????

Post by kevinhurl » Tue Jan 20, 2009 7:26 pm

GOODave wrote:Saw on one of the news shows that today was the biggest fall in the DOW (or maybe it was the market, I don't remember) of any inauguration day.

I would have expected exactly the opposite with all the exuberance I've been witnessing today.

I as well. Very confusing signals. The folks are together, the money is not. :-s
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Rory
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Re: Happy Day for Investors????

Post by Rory » Tue Jan 20, 2009 7:27 pm

kevinhurl wrote:

I as well. Very confusing signals. The folks are together, the money is not. :-s
arent you the one kissing hussein's butt? give him a chance, you say. check your 401 k.

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John Q. Public
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Re: Happy Day for Investors????

Post by John Q. Public » Tue Jan 20, 2009 10:49 pm

Pay no mind to the facts, boys. People like you never will, anyway.

Dow extends its drop

Stocks slump to November lows as recession fears trump enthusiasm about Obama's inauguration.

By Alexandra Twin, CNNMoney.com senior writer
Last Updated: January 20, 2009: 3:28 PM ET

NEW YORK (CNNMoney.com) -- Stocks tumbled to two-month lows Tuesday afternoon as investors looked beyond President Barack Obama's historic inauguration to the battered economy he inherits.

The Dow Jones industrial average (INDU) lost 3.5% with 40 minutes left in the session, at one point down more than 333 points to the lowest levels since Nov. 21. The Standard & Poor's 500 (SPX) index lost 4.5% and the Nasdaq composite (COMP) lost 4.9%.

Although Obama is a positive for the markets, his inauguration does not change the underlying issues, said Phil Orlando, chief equity market strategist at Federated Investors.

"Fourth-quarter earnings are a disaster," he said. "The numbers are poor, there are kitchen sink writedowns and management is providing conservative or negative guidance."

Earnings are currently on track to have fallen 20.2% in the fourth quarter from a year earlier(which was on the other guy's watch), according to the latest Thomson Reuters figures.

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WileyWolverine
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Re: Happy Day for Investors????

Post by WileyWolverine » Wed Jan 21, 2009 1:35 am

John Q. Public wrote:Pay no mind to the facts, boys. People like you never will, anyway.

Dow extends its drop

Stocks slump to November lows as recession fears trump enthusiasm about Obama's inauguration.

By Alexandra Twin, CNNMoney.com senior writer
Last Updated: January 20, 2009: 3:28 PM ET

NEW YORK (CNNMoney.com) -- Stocks tumbled to two-month lows Tuesday afternoon as investors looked beyond President Barack Obama's historic inauguration to the battered economy he inherits.

The Dow Jones industrial average (INDU) lost 3.5% with 40 minutes left in the session, at one point down more than 333 points to the lowest levels since Nov. 21. The Standard & Poor's 500 (SPX) index lost 4.5% and the Nasdaq composite (COMP) lost 4.9%.

Although Obama is a positive for the markets, his inauguration does not change the underlying issues, said Phil Orlando, chief equity market strategist at Federated Investors.

"Fourth-quarter earnings are a disaster," he said. "The numbers are poor, there are kitchen sink writedowns and management is providing conservative or negative guidance."

Earnings are currently on track to have fallen 20.2% in the fourth quarter from a year earlier(which was on the other guy's watch), according to the latest Thomson Reuters figures.
When you discover who are the smart ones then let us know. Until then everyone is flying on a wing and a prayer in the stock market. Odds of any administration generating any recovery through generating non-government jobs are a bit better than ditching a jetliner in the Hudson - except in this case no one seems to know just which industry to bail out while letting the free market and politics take its lumps.
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GO LAKERS

Red
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Re: Happy Day for Investors????

Post by Red » Thu Jan 22, 2009 9:16 am

John Q. Public wrote:Pay no mind to the facts, boys. People like you never will, anyway.

Dow extends its drop

Stocks slump to November lows as recession fears trump enthusiasm about Obama's inauguration.

By Alexandra Twin, CNNMoney.com senior writer
Last Updated: January 20, 2009: 3:28 PM ET

NEW YORK (CNNMoney.com) -- Stocks tumbled to two-month lows Tuesday afternoon as investors looked beyond President Barack Obama's historic inauguration to the battered economy he inherits.

The Dow Jones industrial average (INDU) lost 3.5% with 40 minutes left in the session, at one point down more than 333 points to the lowest levels since Nov. 21. The Standard & Poor's 500 (SPX) index lost 4.5% and the Nasdaq composite (COMP) lost 4.9%.

Although Obama is a positive for the markets, his inauguration does not change the underlying issues, said Phil Orlando, chief equity market strategist at Federated Investors.

"Fourth-quarter earnings are a disaster," he said. "The numbers are poor, there are kitchen sink writedowns and management is providing conservative or negative guidance."

Earnings are currently on track to have fallen 20.2% in the fourth quarter from a year earlier(which was on the other guy's watch), according to the latest Thomson Reuters figures.
Pay no attention to the NEW YORK (CNNMoney.com)! You just know the scumbags over at the clinnochio news network will start to blame bush on every bit of bad news THEY create!

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Parrotpaul
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Re: Happy Day for Investors????

Post by Parrotpaul » Thu Jan 22, 2009 9:44 am

Red wrote:
Pay no attention to the NEW YORK (CNNMoney.com)! You just know the scumbags over at the clinnochio news network will start to blame bush on every bit of bad news THEY create!
Who's bush?
"I think I may say that of all the men we meet with, nine parts of ten are what they are, good or evil, useful or not, by their education." John Locke

Red
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Re: Happy Day for Investors????

Post by Red » Thu Jan 22, 2009 10:13 am

Parrotpaul wrote:Who's bush?
You are going to wish he never left....

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Parrotpaul
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Re: Happy Day for Investors????

Post by Parrotpaul » Thu Jan 22, 2009 10:19 am

Red wrote:
You are going to wish he never left....
That won't happen.
"I think I may say that of all the men we meet with, nine parts of ten are what they are, good or evil, useful or not, by their education." John Locke

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SLK230
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Re: Happy Day for Investors????

Post by SLK230 » Fri Jan 23, 2009 3:54 am

Parrotpaul wrote:That won't happen.
Do you embrace the banks being taken over by the government? We are well on our way to Socialism.
Thought for the day:
We are always hearing about how Social Security is going to run out of money.
How come we never hear about Welfare running out of money?

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