Sammy Jankis
Was it me?
Yep. But the important thing is that everyone keep putting all their confidence and savings in this idiocy so that next time they pop it everyone will be scared into doing whatever the illuminati says one last time.
A world without bailouts & stimulus
- Thread starter Onceler
- Start date
Yep. But the important thing is that everyone keep putting all their confidence and savings in this idiocy so that next time they pop it everyone will be scared into doing whatever the illuminati says one last time.
Yeah, but the balloon sure looks "pretty" while they are blowing it up after throwing on the patch...
Cancel 2018. 3
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good lord...these are BUSH policies, the ones you most likely compllained about when bush implemented as they only benefited the corps and wealthy, now obama does the same thing = good
the companies should have been allowed to fail. you cannot simply prop up a failing company and expect it to continue just because you propped it up. bankruptcy exists for a reason, allowing companies to fail exists for a reason....take JP morgan, they wisely managed their funds and instead of needing a bailout, they purchased up those who did not wisely manage their funds. GM Chrysler....chrysler has had issues for a long time and the last bailout in the 80s did not work...
if a product is not selling, how is it our government's respsonsibility to prop it up? why stop at cars? why not prop up small businesses?
further, so far, none of obama's plans have actually been implemented
evince
Truthmatters
When was the last time you were right about anything?
SmarterthanYou
rebel
when he called you a dumbass.
"Good lord...these are BUSH policies, the ones you most likely compllained about when bush implemented as they only benefited the corps and wealthy, now obama does the same thing = good "
Yurt - that's a bad habit. I did not "most likely" complain about any of the bailouts. I supported them with Bush, and I support them with Obama. Enough of that; it's an old, predictable & tiresome schtick.
The stimulus is not Bush, and neither is the proposed budget, nor is the new bank plan, or the continued measures for the big 3, or the foreclosure proposal, or any one of a variety of measures we have seen in the past 3 months. Aren't you the one who was asking "what specifically has Obama done on the economy?" Are you reading the news at all?
Yurt - that's a bad habit. I did not "most likely" complain about any of the bailouts. I supported them with Bush, and I support them with Obama. Enough of that; it's an old, predictable & tiresome schtick.
The stimulus is not Bush, and neither is the proposed budget, nor is the new bank plan, or the continued measures for the big 3, or the foreclosure proposal, or any one of a variety of measures we have seen in the past 3 months. Aren't you the one who was asking "what specifically has Obama done on the economy?" Are you reading the news at all?
Sammy Jankis
Was it me?
So what does this tell us? The market is mostly a mass delusion.
cawacko
Well-known member
Seriously Desh? Really? Do you read what other people on this board actually write or are all words filter through your only Democrat only Republican prism everytime? You are obviously trying to label rstringfield a Republican which he is not and therefore say he is wrong about everything while yourself as a Democrat is correct about everything. Just like you labeled Epic, an Obama voter, a right wing hack yesterday. How about even name a couple of positions rstringfield is wrong on because my guess would be there are plenty of issues in which you have no idea where he stands.
Sammy Jankis
Was it me?
Con men rely on confidence. That's why they're called con men.
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i believed you said it, i don't want to go through all your posts, so that is why i did not say you said it, rather i believe...i honestly do not recall you supporting bush's bailout plans, if you say you did fine.
what exactly of obama's plan have actually been implemented and carrried out? what money has gone out? where is the website he promised the people so they can follow each and every dollar? so far, all i have seen are bush's policies. mere proposals do not count. if you really want to go down that road, then you must also blame obama for mere proposals or lack thereof causing the market to down hundreds of points. in fact, the latest about the bonuses was all done when bush was president....
so what exactly has obama done, besides mere proposals which have hurt the market the same if not more than the proposals have benefited the market....
This is why you make yourself look stupid. You base your posts on assumptions instead of fact.
First, I posted rather vehemently in support of the 1st set of bailouts under the Bush admin. If you don't want to do the work, I can find plenty of posts. Your assumption is based on nothing more than psychological projection, as most of your "party over country" posts are, because YOU are party over country, and YOU have a double-standard, so you apply it to everyone else. In the case of your constant allegations against me, you are wrong, and I can prove that if you'd like me to.
Second, do some research - why are you always asking others to do your work for you? Here is the website you seem to be implying isn't there:
http://www.recovery.gov/
Money HAS gone out, measures HAVE been implemented, and they have even measured actual jobs that HAVE been created.
As for your last assertion, the market went through the roof when Geithner announced the bank plan 2 weeks ago, and has responded favorably to a variety of Obama's proposals. Again, this is FACT, not extremely biased conjecture with no foundation, as you are offering.
Any more egg you'd like on your face, or will that be it for today?
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so asking a question is an assumption....
and the market went right back down....did you also put that responsibility on obama? oh noze, is that an assumption, is that egg on my face? onceler wants people to be obsessed with his posts and never question him....poor onceler.
i noticed you completely skipped the times when the market went way down over obama's lack of plans etc...also, to give obama, and not other factors, the credit for the market going up is naive.
These aren't questions:
"the ones you most likely compllained about when bush implemented as they only benefited the corps and wealthy, now obama does the same thing = good"
"i believed you said it"
There are no question marks, an there is nothing inquisitive about these statements. They are assumptions, not questions.
The market did not go "right back down." If current gains hold up, this will be the FOURTH STRAIGHT WEEK that the Dow will end up higher. The trend for a month now has been up.
The 500 pt. upswing on that day was directly attributed to Geithner's plan by pretty much every investor. I'll find some quotes if you would like. Every interim loss in the past 3+ weeks has been followed by new gains. The trend is up; the market is definitely responding favorably not only to Obama's plans, but to improving economic indicators.
You lose.
"the ones you most likely compllained about when bush implemented as they only benefited the corps and wealthy, now obama does the same thing = good"
"i believed you said it"
There are no question marks, an there is nothing inquisitive about these statements. They are assumptions, not questions.
The market did not go "right back down." If current gains hold up, this will be the FOURTH STRAIGHT WEEK that the Dow will end up higher. The trend for a month now has been up.
The 500 pt. upswing on that day was directly attributed to Geithner's plan by pretty much every investor. I'll find some quotes if you would like. Every interim loss in the past 3+ weeks has been followed by new gains. The trend is up; the market is definitely responding favorably not only to Obama's plans, but to improving economic indicators.
You lose.
Cancel 2016.2
The Almighty
The SHORT term trend is up.... the LONG term trend is still negative. That said, you are correct in that the big up day was primarily a response to the 'new' plan.
I do urge people to use caution when re-entering this market. The long term techinicals are still bearish, the short term are bullish. Stop losses are a very good tool for those of you that own individual securities or ETF's. Have the stops chase the market up. How tight your stop is will vary based on your individual preferences.
I don't think it's going to be a straight line back to 14,000; I anticipate there will be plenty of ups & downs as things get back on track. That said, this has been a very encouraging month, and I don't think it's a stretch to think that just perhaps, the market hit bottom when it was in the 6,000's.
Maybe that won't pan out, but I think there is growing optimism that it will.
Sammy Jankis
Was it me?
yes. Because this dead cat bounce is based on irrational exuberance with a tinge of desperation.
Work for a living? Oh hell no!
Cancel 2016.2
The Almighty
It is certainly not a stretch to think the 6500 level was the bottom. It very well could be. But this market is looking more and more like a secular bear. Look back to the seventies (or the thirties) and the market essentially moved sideways for over a decade each time.
As I mentioned yesterday, this rally is not built on a lot of substance. It is primarily on 'the plan'. Today we saw a boost when they said they would temporarily suspend mark-to-market. That is a big plus for the banks. This combined with the private/public bank designed to get the market flowing in the CDO universe again should clean up the banks balance sheets enough to get credit for qualified borrowers flowing again.
That said, the next step is to break these banks up. If they are too big to fail, they are too big to exist. We need to seperate the banks from the investment banks again. Re-create the firewalls that used to be in place that provide checks and balances due to the due diligence procedures.