Stock Market Dive

@bobmnu (8160)
United States
February 24, 2009 12:52pm CST
If President Obama has the Plan to solve our countries problems and we can spend out way out of this recession why isn't wall street responding. The Stock Market bets on the future not the present. It should be going up with all that changes we area making in this country.
2 people like this
4 responses
@Destiny007 (5820)
• United States
24 Feb 09
This is occurring for the very simple reason that investors know the 0bamunist's policies will only hurt the economy, not help it. The Government Budget Office report even says that the Stimulus Plan otherwise known as Porkulus or Spendulus will hurt the economy more than simply doing nothing. Change can be god or bad... in this case it is disastrous.
2 people like this
@spalladino (17927)
• United States
24 Feb 09
Because you can't spend your way out of a recession and the Market knows this. Unfortunately, history has shown us this prior to WWII. It was the war that eventually caused our economy to recover, which makes me very nervous about Obama's plans.
2 people like this
• United States
24 Feb 09
Today it is up. Tomorrow it will probably be DOWN! Why? 0bama speaks tonight.
1 person likes this
• United States
25 Feb 09
Er... You were right!
1 person likes this
• United States
25 Feb 09
Well, I seriously study the market. It is not possible to always be right, but I have created mathematical models that do better than what one would expect. Also, to be fair to 0bama, my model was showing the market would likely be DOWN whether 0bama spoke or not.
@bobmnu (8160)
• United States
26 Feb 09
Historically the market goes up with a Democrat President taking office. When he took office the market took the largest inauguration day drop in recent history. he keeps comparing himself to President Lincoln and FDR. Both of who are big government Presidents. The people with skin in the game (taxpayers) are getting worried. He bashes CEO who use corp jets, yet says nothing about Hollywood types, and he is flying all over the country telling us how much we need to cut back and reduce our carbon footprint. I guess the ruling class gets all the perks.
• United States
25 Feb 09
There is no good news to respond to. The stimulus bill is full of spending. Most of it won't boost the economy. I've heard parts are supposed to be phased in for up to 3 years. How will that help stimulate the economy? Unemployment will continue to go up. It is hard to be optimistic right now. The economy still has a long way to go. Change isn't always good.