http://finance.yahoo.com/q/bc?s=^GSPC+Basic+Chart&t=1d Ouch. Post his speech the financial markets just slid off a cliff. Obama needs to man up and calm down the nation and be Presidential.
actually, right when he mentioned the word "taxes" is when the mkt started falling further and the dow dropped ~60 in the next couple minutes
Yes, it's not like markets were selling off before the speech. Things like this make me wonder about the analytical thinking ability of some of our posters.
Its quite obvious with everything that Obama inspires no one at this point. He can't get deals done and he can't inspire the market, the public or business. I truly wish he would. He just seems in completely over his head.
PARTISAN BULL**** WILL SOLVE ALL OF OUR PROBLEMS!!!!!!!!!!!!!!!!!!!!! JUST LOOK AT ALL THE GOOD IT'S DONE SO FAR!!!!!!!!!!!!!!!!!!!!!!!
GUYS, the markets are a gauge of everything! They're not run by the same assholes who propped up LNKD to 110, and were trading Dogs.com at 5000 Price/Earnings ratio. NO. The market is not full of idiots and speculators looking to gain. The market is even-keeled. It is the invisible hand that guides us, and gauges everything with stunning accuracy. This is why stock prices for the future cash flows of L Brothers was $0 in 2008!
what happened to 10 year UST yields today? Obviously if "da markets" weren't confident in the gov, these things would be exploding right? Thanks in advance for your response.
Row to a safe shore with Republicans / tea partiers controlling the House and Senate? I don't see any GOP candidate with any stronger leadership qualities than Obama, which is to say the nation is in a real pickle. However, Obama is so wishy-washy that he will claim spending cuts were all his idea. Medicare and Social Security need to be reformed -- not reduced -- by Congress. The cutting needs to come from the military and non-essential programs (subsidies etc if you will).
The market decline has nothing to do with the fact that the Eurozone is on the brink of falling apart and unlike the US, multiple European countries are on the verge of actually defaulting relatively soon. But clearly its Obama's fault.
If it weren't for your boys in the Tea Party, we'd be spending 100 billion less a year in payments. Cut cap and balance? What a ****ing joke.
The tea parties merely sounded the alarm so you want to shoot the messenger? Now all the market people are calling for cuts and more cuts because of our free=spending mantra.
Repubs blame everything on Obama and Dems blame everything on Bush. I don't think any one person has that kind of control over everything.
