Insurance Agent Forum

[moonlightandmargaritas]

Originally Posted by Paradigm

The situation is extremely fluid and as the economic crisis wears off as a shock factor because we hit a technical market bottom yesterday

Nice bounce back today I see. DJIA only down 265 at 2:45PM ET.

The "technical market bottom" apparently hasn't materialized yet..

[padthaiforlunch]

Obama McCain

Colo 51 41
Minn. 54 40
Penn. 52 42
N.C. 50 44
Ohio 51 45
Ind. 46 46

Good luck with this. Electoral-vote.com: President, Senate, House Updated Daily

[GreenSky]

Originally Posted by moonlightandmargaritas

Nice bounce back today I see. DJIA only down 265 at 2:45PM ET.

The "technical market bottom" apparently hasn't materialized yet..

Your post is bullcrap! I'm reading it now and it's only 12:23PM PT. Are you making a prediction?

Rick

[moonlightandmargaritas]

Originally Posted by GreenSky

Your post is bullcrap! I'm reading it now and it's only 12:23PM PT. Are you making a prediction?

Rick

No it was almost real time..

[Paradigm]

Originally Posted by moonlightandmargaritas

No it was almost real time..

It clear you dont understand the market at all. It will test the low it went down to yesterday and trade lower until the market capitulates. At which point it will bounce higher on higher volume. That clearly has not happened yet.

As a trader I feel that this is an enornous buying opportunity. More money is made in bear markets than in bull markets. Bernanke comments were ill timed as a result this happened. There is uncertainty that has been brought into the market witha poorly thought out hap hazard strategy of market manipulation and a lack of knowledge regarding the value of housing and mortgage assets. The good news is it cant trade much lower as P/E ratios narrow and stocks trade closer to book value. It will not be a disaster if the dow goes down to 9000.

What effect the economic dislocation has on the election is still unclear. Remember the stock market is not real and rarely reflects the real health or lack there of in the general economy. It can just as easily start going up and rally as well.

[moonlightandmargaritas]

Originally Posted by Paradigm

It clear you dont understand the market at all. It will test the low it went down to yesterday and trade lower until the market capitulates. At which point it will bounce higher on higher volume.

Didn't you tell us the economic crisis was "wearing off"?

No no, you're right. This is obviously the type of economic news that will get McCain elected...

Do you hear the chants of, "four more years" (for the Republicans) yet?

From the Associated Press:

"The magnitude of the stock market's plunge is reflected in the Dow's grim stats:


- It has fallen 33.3 percent since its record close of 14,164.53, a year ago Thursday.


- Tuesday's close was its lowest close in five years, since Sept. 30, 2003.


- In just five trading days this month, and in the fourth quarter, it is down about 1,400 points, or 13 percent.
The Dow's percentage loss Tuesday was 5.11 percent, actually a better performance than the 5.74 percent suffered by the S&P, the market indicator most watched by traders and anlaysts. The Nasdaq composite dropped 5.8 percent."


In Wall Street parlance, I think it's a safe bet to "short" the Republicans.


And you faithful of the "Republican base" think that people are more concerned about some guy Obama met in Nigeria in 1988?


"It's the economy, stupid."

[Mr. Bill]

Uh, oh, looks like a journalist will soon be out of a job:

Breitbart.tv » CNN Finds Extensive Ties Between Barack Obama and ‘Terrorist’ Bill Ayers

[moonlightandmargaritas]

Originally Posted by Mr. Bill

Uh, oh, looks like a journalist will soon be out of a job:

Breitbart.tv » CNN Finds Extensive Ties Between Barack Obama and ‘Terrorist’ Bill Ayers

Just a wag, but I think they'll need a lot more than that. About as damaging as the Palin's incorrect tax returns...

[Winter]

Originally Posted by Mr. Bill

Uh, oh, looks like a journalist will soon be out of a job:

Breitbart.tv » CNN Finds Extensive Ties Between Barack Obama and ‘Terrorist’ Bill Ayers

Wow, did you catch that part about Chicago making Ayers its citizen of the year in 1997. Once again that left wing cabal in Chicago bands together. The guy should have been in prison since the 60's and just getting out, if at all.

[djs]

Originally Posted by moonlightandmargaritas

From the Associated Press:

"The magnitude of the stock market's plunge is reflected in the Dow's grim stats:


- It has fallen 33.3 percent since its record close of 14,164.53, a year ago Thursday.


- Tuesday's close was its lowest close in five years, since Sept. 30, 2003.


- In just five trading days this month, and in the fourth quarter, it is down about 1,400 points, or 13 percent.
The Dow's percentage loss Tuesday was 5.11 percent, actually a better performance than the 5.74 percent suffered by the S&P, the market indicator most watched by traders and anlaysts. The Nasdaq composite dropped 5.8 percent."


In Wall Street parlance, I think it's a safe bet to "short" the Republicans.


And you faithful of the "Republican base" think that people are more concerned about some guy Obama met in Nigeria in 1988?


"It's the economy, stupid."

For now, shorting isn't allowed Thursday, you can short all you want, unless they extend the rule.

What bothers me about this is Obama hasn't said anything about how he would fix this either. This situation won't mysteriously disappear when Obama is elected, what is his plan?

Or will that be a question in tonights debate? Raise taxes on the very wealthy to pay for the mortgages of those who can't afford them....

McCain hasn't expressed a plan yet either, though he has tried to express some confidence (not well). The only thing the president can do is to make people feel better about the economy and more sure about the future.

I didn't care much for Bill Clinton, but this is one thing he did well. We were already coming out of a recession when he took office, but he still had a big 'summit' to plot a course, to make sure people knew he was going to make the economy the #1 priority.

Dan

[padthaiforlunch]

McCain knowa he's losing.