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08-02-2011, 04:05 PM
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#1
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s.e. pa.
Join Date: Apr 2005
Location: flag, az/hatfield, pa.
Posts: 5,122
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Little bounce in the Market for theBO
at 11,866 the dow drops 265 pts. 
ooooh are we on a roll or what.
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08-02-2011, 04:08 PM
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#2
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s.e. pa.
Join Date: Apr 2005
Location: flag, az/hatfield, pa.
Posts: 5,122
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GM hits $27.00, which is 1/2 of what it needs to be to break even with the Peoples Money, at NO charge no less.   .
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08-02-2011, 04:10 PM
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#3
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Veteran
Join Date: Nov 2010
Posts: 457
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Great news for the clueless morons (aka 'baggers) as they seem hell-bent on driving the economy back into recession...
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08-02-2011, 04:17 PM
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#4
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Registered User
Join Date: Apr 2006
Location: Bird Rock
Posts: 16,697
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Quote:
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Originally Posted by Sugar Ron
Great news for the clueless morons (aka 'baggers) as they seem hell-bent on driving the economy back into recession...
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That's right Ronnie, belt-tightening causes nerds like you to freak out. 
Did you say to Mommy & Daddy, I don't care if you can't afford it - I WANT IT.
Poor, confused little Ronnie.
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08-02-2011, 04:32 PM
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#5
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Veteran
Join Date: Nov 2010
Posts: 457
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Uh, hamburger boy, you do realize how fragile the economy has been ... right?
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08-02-2011, 04:35 PM
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#6
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Screw PC
Join Date: Jun 2003
Posts: 15,728
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Convince me that spending another $2 trillion is going to fix things.
I bet you don't even know where that money is going to go.
__________________
Truth sounds like hate to those who hate truth.
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08-02-2011, 04:41 PM
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#7
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Registered User
Join Date: Apr 2006
Location: Bird Rock
Posts: 16,697
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Quote:
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Originally Posted by Sugar Ron
Uh, hamburger boy, you do realize how fragile the economy has been ... right?
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While your team figures on spending us into oblivion.
Just a bit soft in the head they/you is.
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08-02-2011, 04:51 PM
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#8
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Veteran
Join Date: Mar 2009
Posts: 9,893
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While US economic weakness is certainly a big concern, European credit mkt indicators are flashing red. Italy could be in real trouble. So Europe's issues are definetely playing a part in this decline.
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08-02-2011, 04:52 PM
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#9
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Veteran
Join Date: Mar 2009
Posts: 9,893
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Quote:
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Originally Posted by Sugar Ron
Uh, hamburger boy, you do realize how fragile the economy has been ... right?
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How much will the rate of spending growth be reduced by in FY12? I prefer the CBO score. Thanks.
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08-02-2011, 05:39 PM
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#10
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Registered User
Join Date: May 2008
Posts: 1,556
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Some pretty serious technical damage done today, numerous trend lines were broken. so glad I'm now a full time portfolio manager...... 
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08-02-2011, 05:50 PM
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#11
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Software Developer
Join Date: Jun 2004
Location: Lehigh Valley, PA
Posts: 2,391
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The racist Obama is the cause of the trouble in the markets. AND, he's doing it deliberately. This is reparations, back door style. White Democrats should be ashamed of themselves for letting this punk play them like a fiddle. But then again, why should they care. They're in on the scheme. Classic case of wealth redistribution with waivers for some.
__________________
Friends don't let friends bet show.
The race track is the only place in the world where windows clean people.
http://www.aplusthorobred.com
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08-02-2011, 06:02 PM
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#12
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Racing Form Detective
Join Date: Jul 2007
Location: Lincoln, Ne but my heart is at Santa Anita
Posts: 16,316
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This deal was bad for the economy. Cutting government spending during a recovery has never worked. I have challenged this board several times to show that it would work. No takers. Not even one. There is reason for that. It because the conservatives try as they may can't find even one. If they could, they would only be too glad to make me eat crow.
__________________
Some day in the not too distant future, horse players will betting on computer generated races over the net. Race tracks will become casinos and shopping centers. And some crooner will be belting out "there used to be a race track here".
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08-02-2011, 06:11 PM
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#13
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Software Developer
Join Date: Jun 2004
Location: Lehigh Valley, PA
Posts: 2,391
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The problem with those talking points is that you totally ignore the effect of 9/11 on the job market. Sure, if you look at raw numbers it looks like the Bush tax cuts didn't create jobs. But in the same breath you swallow hook, line and sinker Obama's new statistic of "saved jobs". I CAN GUARANTEE - YES GUARANTEE - that hundreds of thousands of jobs would be created if Obama simply announced tax incentives for job creators and a policy to drill for our own oil WITH THE STIPULATION that it MUST be refined AND sold in the USA exclusively. The simple fact that he hasn't implemented what is OBVIOUS to me and many others PROVES that he WANTS to destroy the white middle class. He is a racist piece of excrement and any white middle class American who still supports this punk is either disillusioned, stoned or just plain stupid.
__________________
Friends don't let friends bet show.
The race track is the only place in the world where windows clean people.
http://www.aplusthorobred.com
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08-02-2011, 06:20 PM
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#14
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Registered User
Join Date: Feb 2006
Location: Anaheim,California
Posts: 4,675
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To be candid about it, have long thought that this market went way too far, too fast, and was overdue for a correction, one that could take the Dow below the magic(?) 10,000 level. Fundamentals plus the debt crisis plus Europe do not make for a rosy picture.
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08-02-2011, 06:24 PM
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#15
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s.e. pa.
Join Date: Apr 2005
Location: flag, az/hatfield, pa.
Posts: 5,122
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Quote:
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Originally Posted by Robert Goren
This deal was bad for the economy. Cutting government spending during a recovery has never worked. I have challenged this board several times to show that it would work. No takers. Not even one. There is reason for that. It because the conservatives try as they may can't find even one. If they could, they would only be too glad to make me eat crow.
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But Bobby...we've been increasing the Gov. Spending for YEARS and Years, something else be amiss.
The problem with theBOs Gov. Spending is that it went to BIG BUSINESS, which sent most of that Gov Spending OFFSHORE.
Try giving the Gov. Spending to the People and see what happens...like you say ...stay with us here Bobby... 
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