Stocks Fall, Recession Worries Surface

Do they know something we don't?  Well, at least something that 52% of America doesn't.

Yahoo! Finance article

Comments

[Anti obama]

I HATE OBAMA THE END!

[ProUSA]

Quote from Ozcar:

"I thought I was in the party of whiners"

First honest thing I've heard you say on this website. You ARE in the party of whiners.

[liberty]

4% 0f $250,000 is $10,000 Ozcar. That's close to a year's tuition for a college student, or the car payments for two cars for a year, or loan payments for a business you might own. In other words, that's $10,000 a year less money into the economy for every family making over $250,000.

And, you are once again naive if you think $250,000+ are the only incomes that will see increases.

Wasn't it in the news this week that Obama was already cautioning that his wonderful rebate--the cornerstone of his campaign--might have to wait because the economy is in such bad shape. It's in worse shape than it was during the campaign just 2 weeks ago? Oh yeah, I forgot. Obama such said anything so he could get elected. Once again, my bad.

Ozcar, I see you have resorted to insults calling 80% of us who are questioning Obama loonies. Nice one. Guess you ran out of rebuttal. Whatever.

[Ozcar]

Please ProUSA. I thought I was in the party of whiners until I started reading this blog.

I have heard enough whining and mislabling of Obama's plan as Marxist or some such nonsense and other crying from Republicans about how he's trying to spread their hard-earned wealth.

I was pointing out the difference between Obama's tax plan for people making over $250k and George W. Bush's is 4%. That's right, 4%! I still haven't read a valid argument on why that 4% makes such a difference.

[ProUSA]

Are you serious, Ozcar??!! Is that really how you think? Is it because you stand to benefit from the government handouts under Obama's rule? I'm assuming so. Otherwise I don't think you'd take such a condescending view of someone that already contributes a significant %-age of their income to the government. It's that attitude that bothers most conservatives the most -- you sound just like your messiah when you say that. What was it he said at a rally? Something like the Republicans think selfishness is a virtue because they don't want to share the wealth.

Man, now I understand where you're coming from...

[Ozcar]

Aww, gee Marissa. Sorry to hear that your daddy will have to pay 39% instead of 35% under Obama's tax plan. That is NOT FAIR!! You think he should keep all his money? Is that what you are saying? How do we pay for national defense? That has been pretty expensive under your man with the better tax plan.

Can I assume that you make less than $250k and will benefit from Obama's plan?

[ProUSA]

Not America, Marissa, just the 67 million leftist loons that voted for him are stupid. :)

You, me, and the other 58,223,674 actually voted with our eyes open.

[Marissa]

I absolutely DESPISE Obama. He has horrible tax policies and will just take more and more of my dads money. He works 14 hours a day as the senior vice president of a company. He works for his money and I detest ANYONE who thinks he shouldn't get to keep it. Obama is pro-murder(pro-abortion) He has NO experience WHAT SO EVER and I can't belive how stupid America is for voting for him

[Ozcar]

First, I think you both would agree that the stock market is a tough debate because, as one of you pointed out, markets are based at least partially on consumer confidence. And what causes that low confidence is a tough variable to define. Your main reason is because there is fear of Obama's economic policy so investors lack that confidence. My reason is, partially, because the corporations in this country as struggling, which has lead to massive layoffs. Why were the markets doing so well under Clinton? Using your logic, it was because the confidence in his economic plan was high, right? And why was there a recession under Reagan? Was confidence low? Listen, we can both agree that we have a very complex economic system, right? To blame one facet (Obama's impending presidency) for our economic melt down and ignore the other factors is unsound. Also, to say one stock broker doesn't like Obama's economic plan is pretty weak. I could say that Warren Buffet (also no moron) believes Obama has the best economic plan.

I think that is the problem with the anti-Obama view expressed on this site (and anti-McCain views on the left leaning blogs) is that there is only one perspective with some basis in fact and all other facts are ignored. As in, people aren't confident AND Obama was just elected president SO people are not confident BECAUSE Obama will be our next president! Faulty logic.

[liberty]

Not to double team you, Ozcar, but I saw this and would like to respond. I have been doing some investing recently--came into a little cash--and the stock broker who I work with most definitely thought an Obama win would be very bad for the market--alot of brokers did. This guy belongs to a huge and very old brokerage firm so, no, he's not a moron. It's a broker's job to be impartial about these things and just go with where the best returns are going to come from.

[ProUSA]

Ozcar, don't you understand how the stock market works? Very simply, it works based on market confidence. If confidence in the future is high, then the market will rise. if confidence is low, then it goes down.

Right now confidence is low and one rationale is to say that confidence is low because the market fears the impact of Obama, a Democratic majority in the legislature, and all the misguided things they will push through.

Of course, once the democrats have succeeded in nationalizing everything from healthcare to energy and banking, we won't have to worry about the free markets or the stock exchange going up or down.

So let's all just close our eyes and cover our ears for awhile and keep blaming Bush. If we say it often and long enough, it starts to become our reality.

That's how it "worked" in the former USSR.

[Ozcar]

This page is silly. Is it really Obama's fault that stocks have been going down?? Hmmm, maybe it is because corporation after corporation have reported huge losses in the 3rd quarter and THERE HAVE BEEN 3/4 OF A MILLION JOB LOSSES SINCE THE BEGINNING OF THE YEAR!! We are in a recession and that is Obama's fault too? The $700 billion is Obama's fault too? He made Bush push for it?? He made the republicans vote for it?? Silly silly silly.

[livin4himinWA]

DO ANY OF YOU FOOLS REALIZE BABIES ARE BEING BORN AND THEN MURDERED?????????????????
GET RID OF MAYOBAMAZTECA NOW!!!!!!!!!!!!!!!!

[tammy]

Hillary please come back, I beg you, please.

[tammy]

Obama created loans that everyone lost their homes on and started America financial crisis, let alone world crisis, and now he is taking office?

[tammy]

Why is that ignorant letter at the top of your webpage, I have seen so much media buyout of nobama I could throw up,
we have allowed tyranny my friends. I hope Nicaraugau isn't richer than oprah.

[Jersey Dave]

Obama's giving a press conference today, supposed to be about the economy. I'll listen to what he says, right now people are thinking the worst but he's meeting with Buffett and Volcker today.

Also Gov. Granholm of Michigan, probably because the auto industry there is in the dumper. (Of course no one wants to drill new oil or cut the local taxes on the auto business or eliminate dumb programs like the jobs bank)

[ttj]

It's curious that markets really started to tank around the time that Obama secured the Democratic nomination in spring. That was just a coincidence, I guess.

[ttj]

It's curious that markets really started to tank around the time that Obama secured the Democratic nomination in spring. That was just a coincidince, I guess.

[Hope!]

donfin, tell somebody who thinks your opinion is valid. you're like an annoying gnat.

whatever you say. damn.

[donfin]

Hope!

Although you say much, you also say nothing. I offer things one can see for themselves, whereas you offer insight into your own personal history, of which we cannot find record of.

So yeah Hope! Whatever I say because you offer no valid argument.

[Hope!]

like I care about someone's beliefs that learned stock patterns from a graph today. I've lost money every 4 years, I know the pattern. I don't give a sh*t what the graph (ONE graph - I'm doubtful that you've researched anything else) might read.

so, sure donfin. whatever you say.

[Hope!]

sure, donfin. whatever you say.

[donfin]

Hope!

I'm sorry. I thought it was you who suggested the market always goes down after an election.

I also thought perhaps you might have actually looked at the graph plotted before and after the election and noticed something peculiar.

I should not trouble you with these petty truths.

Please forgive me for assulting your ignorance.

[donfin]

Hope!

I can see the blindfold is securely fastened to your face.

That is quite all right. I am not here to argue with you. Think what you will, but know that not all of us are deceived.