1. Welcome! Please take a few seconds to create your free account to post threads, make some friends, remove a few ads while surfing and much more. ClutchFans has been bringing fans together to talk Houston Sports since 1996. Join us!

Markets: Record Inauguration Slide

Discussion in 'BBS Hangout: Debate & Discussion' started by basso, Jan 20, 2009.

  1. basso

    basso Member
    Supporting Member

    Joined:
    May 20, 2002
    Messages:
    30,642
    Likes Received:
    7,139
    not just Robert Byrd, but Wall Steet faints, as well.

    [rquoter]Markets Have Record Slide For Obama Inauguration

    Wall Street ushered in the Barack Obama presidency with a record Inauguration Day slide Tuesday amid fresh signs the global bank crisis was far from over.

    An index of bank stocks lost 19.7 percent on fears of more losses. The Dow Jones industrial average fell 332.13 points, or 4.01 percent, to end unofficially at 7,949.09. The S&P 500 Index slid 44.90 points, or 5.28 percent, to finish unofficially at 805.22.

    The Nasdaq Composite Index tumbled 88.47 points, or 5.78 percent, to close unofficially at 1,440.86.

    Meanwhile, the White House Tuesday outlined some of President Barack Obama's major policy objectives as he became the 44th U.S. president.

    The first African-American to become U.S. president swore to preserve, protect and defend the Constitution against a backdrop of a deep economic downturn, a trillion dollar federal deficit and fears of more bank losses.

    Barack Obama took office on Tuesday with bank shares tumbling, the car sector teetering and a world economy in tatters, and the new U.S. president vowed to meet the daunting challenges.

    His aides vowed to go to work immediately, armed with the authority to spend the second half of the $700 billion financial rescue plan and a proposed stimulus package of $550 billion in spending and $275 billion in tax cuts.[/rquoter]
     
  2. Air Langhi

    Air Langhi Contributing Member

    Joined:
    Aug 26, 2000
    Messages:
    21,667
    Likes Received:
    6,301
    He can't do worse than W. Under his watch the market tanked more points than any time in history.
     
  3. Red Chocolate

    Red Chocolate Member

    Joined:
    May 29, 2001
    Messages:
    1,576
    Likes Received:
    309
    expect it to go back up up up for a month or two, then completely plummet sometime before sep 2009. The inauguration was a distraction so that most people don't pay attention to this. Also has nothing to do with GW, btw.
     
  4. bigtexxx

    bigtexxx Member

    Joined:
    Jun 12, 2002
    Messages:
    26,927
    Likes Received:
    2,269
    The market fall has taken place when it became apparent that Obama was going to be president.
     
  5. FranchiseBlade

    Supporting Member

    Joined:
    Jan 14, 2002
    Messages:
    49,561
    Likes Received:
    18,115
    If anyone in the market is stupid enough not to have known before today that Obama was going to be President, then there is no hope, and the market should be put out of its misery.
     
  6. Rashmon

    Rashmon Member

    Joined:
    Jun 2, 2000
    Messages:
    19,750
    Likes Received:
    15,295
    I wonder what the net gain or loss in the level of the market was during W?

    I say it is a bit early to make a determination on O, but the jury has definitely spoken on your man.
     
  7. DonnyMost

    DonnyMost Member
    Supporting Member

    Joined:
    May 18, 2003
    Messages:
    47,841
    Likes Received:
    17,710
    straws: you're grasping at them
     
  8. basso

    basso Member
    Supporting Member

    Joined:
    May 20, 2002
    Messages:
    30,642
    Likes Received:
    7,139
    my man's gone now, ain't no use a weepin'.
     
    #8 basso, Jan 20, 2009
    Last edited: Jan 20, 2009
  9. vlaurelio

    vlaurelio Member

    Joined:
    Jan 26, 2005
    Messages:
    21,310
    Likes Received:
    11,755
    so what's up with the b****in'?
     
    #9 vlaurelio, Jan 20, 2009
    Last edited: Jan 20, 2009
  10. bingsha10

    bingsha10 Member

    Joined:
    Nov 12, 2006
    Messages:
    3,129
    Likes Received:
    334
    looks like maybe all the speculators are getting geared up to sell.
     
  11. ROXTXIA

    ROXTXIA Member

    Joined:
    Apr 25, 2000
    Messages:
    20,245
    Likes Received:
    11,999
    Great, we get to look forward to four to eight years of intergalactic b---s--t from basso and bigtexx, neither of whom seemed too bothered by these past eight years of the worst presidency since....well, ever?

    Hey! Let's make it worse! Where's T_J?
     
  12. Major

    Major Member

    Joined:
    Jun 28, 1999
    Messages:
    41,446
    Likes Received:
    15,886
    The market figured out Obama was going to be President in November 2007? Perhaps if you had listened, it would have saved you a lot of ignorant posts about why Obama was going to lose in the primaries and was unelectable, blah blah blah.
     
  13. fadeaway

    fadeaway Member

    Joined:
    Apr 25, 2000
    Messages:
    14,560
    Likes Received:
    1,104
    ROFL!
     
  14. Refman

    Refman Member

    Joined:
    Mar 31, 2002
    Messages:
    13,674
    Likes Received:
    312
    Apparently Nostradamus was running the markets.
     
  15. Invisible Fan

    Invisible Fan Member

    Joined:
    Dec 5, 2001
    Messages:
    43,953
    Likes Received:
    25,860
    Using basso-ackwards logic, it was all Bush's fault.
     
  16. Sweet Lou 4 2

    Sweet Lou 4 2 Member
    Supporting Member

    Joined:
    Dec 16, 2007
    Messages:
    37,817
    Likes Received:
    19,010
    Wow, the market really must have no liked Michelle Obama's outfit or something. Geez!
     
  17. KingCheetah

    KingCheetah Member

    Joined:
    Jun 3, 2002
    Messages:
    57,070
    Likes Received:
    49,342
  18. basso

    basso Member
    Supporting Member

    Joined:
    May 20, 2002
    Messages:
    30,642
    Likes Received:
    7,139
    who's b****in'? i'm not in the market right now, and i'm cautiously optimistic about the O presidency.

    <object width="445" height="364"><param name="movie" value="http://www.youtube.com/v/BYFTp_8NkGE&hl=en&fs=1&rel=0&color1=0x3a3a3a&color2=0x999999&border=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/BYFTp_8NkGE&hl=en&fs=1&rel=0&color1=0x3a3a3a&color2=0x999999&border=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="445" height="364"></embed></object>
     
  19. Major

    Major Member

    Joined:
    Jun 28, 1999
    Messages:
    41,446
    Likes Received:
    15,886
    Of course you are. That's why you posted this, just yesterday:

    Your money, to Chris Dodd and Charlie Rangel.

    And your ass?

    That's Barney Franks'...

    ...it's gonna be a long four years.


    Do you actually believe the drivel you type?
     
  20. pirc1

    pirc1 Member

    Joined:
    Dec 9, 2002
    Messages:
    13,978
    Likes Received:
    1,704
    If you are cautiously optimstic now, I would hate to see when you are pessimistic. Are we going to see 1000 anti obama theads a day then? ;)
     

Share This Page

  • About ClutchFans

    Since 1996, ClutchFans has been loud and proud covering the Houston Rockets, helping set an industry standard for team fan sites. The forums have been a home for Houston sports fans as well as basketball fanatics around the globe.

  • Support ClutchFans!

    If you find that ClutchFans is a valuable resource for you, please consider becoming a Supporting Member. Supporting Members can upload photos and attachments directly to their posts, customize their user title and more. Gold Supporters see zero ads!


    Upgrade Now