The Obama Economic Rebound

Dungheap said:
What kind of jackass are you?

My point is simply that "market futures are down" is not a valid response to "the economy is rebounding."

That is all.
Click to expand...

would 'you're full of shit, the economy still sucks!' be more valid? because the economy is NOT rebounding. at least not yet. It MIGHT, but it isn't yet.
 
Onceler said:
Check it out. You can smell the desperation already.

This is going to be so much more fun than I thought.
Click to expand...
Fine. Run around saying the recovery is underway. Look like a complete fool. That will be fun to watch. It seems we all have fun times to look forward too!:)
 
Nobody's smart enought to call the bottom.
But if the republican party has further to fall I may spit too much coffee at my monitor laughing at the stupid shit ya'll come up with.
 
Onceler said:
Check it out. You can smell the desperation already.

This is going to be so much more fun than I thought.
Click to expand...

While I agree that we will likely see a recovery run late this year or early next and that we will see a positive 2010 in GDP growth... the question you have to ask is where does that rally start from?

We just saw the S&P breakdown Friday. The next technical support levels are weak for the Dow at 6300 and 5200. The next major support is at 3950. For the S&P weak support at 640, strong support at 460.

This does not mean we will break down to those levels, but at this point we need a catalyst to get cash to flow back to equities. With the action we are seeing in the treasuries... that might not even be enough.
 
Topspin said:
what's the point of being able to pick the bottom?
You can't
Nobody can
Click to expand...

Who said anything about picking the bottom toppy? I simply pointed out where the next support levels are on a techinical basis and that while any good numbers are nice at this point, we should take them with a grain of salt. Lets see a trend develop before getting all excited because from a technical trading perspective... we are still headed down. The action in the treasuries is not good.

I hope this plan works and could care less if the Reps get burned by their position. But if we drop another 10-20% from here, what do you think will happen to public opinion on the bailout package Obama just signed? Even though it won't have had the time to work, perception will be that it failed.

We need to see definitive action from DC. I dont care which party leads the charge. But the constant changing of positions is driving people insane.
 
OK my bad,
here's the deal, Obama WANTS the bar as low as it can be.
He gets a pass for the first 6 months at least.
And, for someone like me who's been praying for this. Down another 20% means more shares.
We'll be at 3 to 4% growth at the middle to end of his term and Piyush or Mr. Morom get ass raped without a reach around.
 
Topspin said:
OK my bad,
here's the deal, Obama WANTS the bar as low as it can be.
He gets a pass for the first 6 months at least.
And, for someone like me who's been praying for this. Down another 20% means more shares.
We'll be at 3 to 4% growth at the middle to end of his term and Piyush or Mr. Morom get ass raped without a reach around.
Click to expand...

I disagree. He will not get a pass for six months... especially if the market continues to free fall. Perception will cause him and the Dems plan to get the blame.... whether justified or not.
 
Superfreak said:
I disagree. He will not get a pass for six months... especially if the market continues to free fall. Perception will cause him and the Dems plan to get the blame.... whether justified or not.
Click to expand...

That's probably true, but all they really need is a quantifiable rebound by mid-2010, which I think is highly probable.
 
Chapdog said:
lets not forget the recession will only be half over when stock hit rock bottom.
Click to expand...

???

while the stock market will begin to rebound before the recession is over, I am not sure that it will mark the half way point. Not sure I understand that point.
 
Onceler said:
That's probably true, but all they really need is a quantifiable rebound by mid-2010, which I think is highly probable.
Click to expand...

Yes, in the long run I would agree. They need to see a rebound back to around the pricing when he took office. Even if they are down 5-10% from when he took office, that should be viewed as a success. But that is why it is critical for them to stop the bloodbath before it sinks too far. Because if it continues breaking technicals and does fall another 10-20% (or more) then it will be hard to make a comeback to the levels needed and the Dems would thus get pounded in 2010.

Put the uptick back in place, temporarily suspend mark to market, temporarily suspend short selling in finanicals again. Those three quick easy things will help to alleviate the downward pressure and give the package time to work.
 
he may get some shit on it before the summer is over.
But you can't seriously tell me that in 2010 and 2012 if we're at 3 to 4% GDP and the Market is at 15,000 he doesn't stomp any Republican.
 
You must log in or register to reply here.
Back
Top