Senate Passed the Stimulus bill Now stock are falling

United States
February 10, 2009 12:49pm CST
Did you see the news and how the stocks made a nose dive when they announced the senate passed this bill? This is getting very scary will the markets ever recover?
7 responses
@tinkerick (1257)
• United States
10 Feb 09
The markets will recover...eventually. The problem is that everyone listens to the news, TV, radio, the President himself all talking about how the economy is in dire straits and will continue to get worse before it gets better. The stock market reflects this negativity. If people would just stop listening to the negative talk, and start trying to act somewhat normal, the economy would recover faster. Ok, we can't do a whole lot about the job market, but those who still have steady jobs can continue to "invest" and spend in the US economy to keep it going. When people stop spending, the economy suffers. It's a vicious cycle. People stop spending when they hear comments about how bad the economy is; the economy then gets worse because people have stopped spending. The cycle has to be broken somehow - the people need a boost of confidence to start spending again.
2 people like this
• United States
10 Feb 09
Yes, the market will recover and it seems that they always fall when things like this happen. I am sure that it is because people are not sure that the stimulus bill is what we need right now. As far as consumer spending and investing is concerned, President Obama addressed that last night in his speech. He said that his primary job is to make sure that businesses stay open and that people keep their jobs so that they will spend. I know that it seems crazy to spend the kind of money that we are in this stimulus package,but money is what keeps us going and if everyone stops spending, then the economy only gets worse. You are right that we still need people spending and investing money to keep us afloat.
• United States
10 Feb 09
So many people or just not spending right now. I do believe the negative talk is making everything worse.
1 person likes this
• United States
10 Feb 09
I also noticed that they punged over 300 points and that is very scary. It seems another step towards Obama getting what he wants but is really what our country needs...? I guess many people must think not.
2 people like this
• United States
10 Feb 09
I dont think the people are very happy about this bill either.
1 person likes this
@ANTIQUELADY (36440)
• United States
10 Feb 09
i have no dealings w/the stock market but ihave doubts it will recup for a long, long time if ever.
1 person likes this
@ANTIQUELADY (36440)
• United States
11 Feb 09
to be honest i'm tired of hearing about it.
• United States
10 Feb 09
I luckily dont have any money in the stock market. But I do follow it to see how it reacts to different things. So far looks like many people are very wary of the stimulus bill.
1 person likes this
@savypat (20216)
• United States
10 Feb 09
Are you surprised? I don't know what happened to common sense, fear is the driver here. Before anything else we need jobs, we don't just need the government throwing our children money away. You know they are not going to police this and the money will go where it always does to the rich.
1 person likes this
@camomom (7535)
• United States
21 Feb 09
I try not to pay much attention to the news. Its too sad and scary. I hope we get out of this mess sooner rather then later though.
• United States
10 Feb 09
The stimulus bill is affecting the stock market but that is nothing to be too worried about. The stock market is the reflection of the national economy. The economy will outlast this crisis thus so will the stock market. Now is actually a great time to pour some money into the stock market. Most companies are at an all time low in the stock market. These are the times when someone can take a few thousand dollars invest it and be a milionare when the market recovers. Granted some of these companies will never recover but some of the stronger companies will survive the crisis and rebound stronger than before. So everyone should invest now! while the market is so low it can't get any lower!
1 person likes this
@bobmnu (8157)
• United States
11 Feb 09
Investors are worried about the future of taxes. Why should I invest in the economy if the government will take most of my profits in taxes. I paid taxes on the money I invest and the government will tax what ever profit I make as well as taxing the company so why should I risk my money. The other factor is the Stock Market is betting on the future and with the administration uncertainty as to what and how they are going to spend the money. With out specifics the market will continue to reflect the uncertainty. If they come out with specifics, no matter what they do, the stock market will respond in a positive manner once they know what will be happening.