Quit picking on Obama……

[gopher]

what specifically has Obama impacted negatively in the economy?


The Stock Market just had its best year since 2003:

Stocks end best year since 2003- Market Dispatches - MSN Money


Why haven't the far right Obama haters praised him for that?

 

[Kreskin]

I've been watching those Barrett-Jackson auto auctions. No shortage of rich guys throwing cash around like nickles. $350K for a 2010 Camero. I don't think anything went for less that 85K, except maybe a Metropolitan that went for 40-50k. Those buyers don't seem too concerned with spending money or requiring more from tax cuts.

 

[ironsides]

There are people who have so much money they don't know what to do with it. Those people that buy at the Barrett-Jackson type auctions, are not really that many, same people keep buying. By the way, wish I was one of them, beautiful cars. But on the other side, why is private yacht sales down. The stock market may be up, but I feel it is an artificial high, can it be sustained this high thru Nov. 2010, if it can I will concede that the crisis is over.

 

[SirJosephPorter]

what specifically has Obama impacted negatively in the economy?


The Stock Market just had its best year since 2003:

Stocks end best year since 2003- Market Dispatches - MSN Money


Why haven't the far right Obama haters praised him for that?

Did you see the stock market made a very good start for the year? Dow up 155, TSE up 120.

As to Obama haters, when the markets were sliding from January to March 2009, they were talking of nothing else. According to them, stock market was the only indicator of the economy, nothing else mattered. They claimed that Stock market had expressed the lack of confidence in Obama in the strongest term, and he might as well resign.

Now read TownHall or WorldNetDaily, not a pip out of them about stock market. These days it is all about unemployment. Unemployment is the only thing that matters, nothing else is important.

I wonder what they will latch on to if unemployment starts coming down.

 

[SirJosephPorter]

There are people who have so much money they don't know what to do with it. Those people that buy at the Barrett-Jackson type auctions, are not really that many, same people keep buying. By the way, wish I was one of them, beautiful cars. But on the other side, why is private yacht sales down. The stock market may be up, but I feel it is an artificial high, can it be sustained this high thru Nov. 2010, if it can I will concede that the crisis is over.

Ironsides, the consensus seems to be that markets will show a modest gain in 2010. Nothing like 2009 of course, but markets are not expected to fall off the cliff like they did in 2008. I also think 2010 will be a quiet year, with markets up perhaps 5 to 10%.

 

[pgs]

Ironsides, the consensus seems to be that markets will show a modest gain in 2010. Nothing like 2009 of course, but markets are not expected to fall off the cliff like they did in 2008. I also think 2010 will be a quiet year, with markets up perhaps 5 to 10%.

5 to 10% seems to be much better than the bank.

 

[SirJosephPorter]

5 to 10% seems to be much better than the bank.

Bank? You mean savings account? They haven't paid anything on that in years, they pay maybe 0.25%.

But here is a thought. If you buy bank stock, they are paying maybe 4 or 5% dividend (depending upon which banks you buy).

So if you are already invested in banks (I am heavily invested) or buy bank stock, you have 4 or 5 % return practically guaranteed. Plus whatever you gain by capital gains, due to stock rising value.

 

[gopher]

They claimed that Stock market had expressed the lack of confidence in Obama in the strongest term, and he might as well resign.



There isn't a shed of integrity in any of the forum's far right and that is why none have enough character to praise Obama for doing good for the economy.


Special Message to Walter ---


Hey Walt! You keep posting hate towards Obama and blame him for the mess created by your hero Bush - how about a few good words about Obama's improvement in the economy???

 

[gopher]

Manufacturing data bolsters hopes for recovery

Activity rises at fastest pace in three years, private trade group finds



Manufacturing data hints at quicker recovery - Stocks & economy- msnbc.com

updated 1:48 p.m. CT, Mon., Jan. 4, 2010

WASHINGTON - An unexpectedly strong report on manufacturing activity Monday bolstered confidence that America's factories will help sustain an economic recovery.
The report by a private trade group signals that industrial production is likely to keep expanding in coming months, economists said. That could lead, in turn, to increased hiring and job creation.
The Institute for Supply Management, a trade group of purchasing executives, said its manufacturing index read 55.9 in December after 53.6 in November. A reading above 50 indicates growth.



.................................................................................................................



Most people would call that good news.

Let's see what Walter has to say about it.

 

[SirJosephPorter]

Personally I think recovery is on the way, Gopher. The only piece of the puzzle that yet has to fall in place is unemployment.

 

[ironsides]

Did you see the stock market made a very good start for the year? Dow up 155, TSE up 120.

As to Obama haters, when the markets were sliding from January to March 2009, they were talking of nothing else. According to them, stock market was the only indicator of the economy, nothing else mattered. They claimed that Stock market had expressed the lack of confidence in Obama in the strongest term, and he might as well resign.

Now read TownHall or WorldNetDaily, not a pip out of them about stock market. These days it is all about unemployment. Unemployment is the only thing that matters, nothing else is important.

I wonder what they will latch on to if unemployment starts coming down.

Very low volume, the regular investor has yet to return to the markets. Major market investors (banking corporations,places like Morgan Stanly etc.) are for the most part the only ones playing the markets. The markets will drop in 2010, maybe next week or in 6 months, but they will drop.

 

[ironsides]

They claimed that Stock market had expressed the lack of confidence in Obama in the strongest term, and he might as well resign.



There isn't a shed of integrity in any of the forum's far right and that is why none have enough character to praise Obama for doing good for the economy.


Special Message to Walter ---


Hey Walt! You keep posting hate towards Obama and blame him for the mess created by your hero Bush - how about a few good words about Obama's improvement in the economy???

The liberals are asking us to give Obama time. We agree and think 25 to life would be appropriate.

 

[SirJosephPorter]

Very low volume, the regular investor has yet to return to the
markets. Major market investors (banking corporations,places like Morgan Stanly etc.) are for the most part the only ones playing the markets. The markets will drop in 2010, maybe next week or in 6 months, but they will drop.

I agree with you, ironsides. The markets will drop. It is called a correction. Of course, it is fool’s errand to predict what the markets will do. But traditionally, January and February are good months for stocks (last year was an exception). Then in March the market corrects, usually 10 to 15%.

If we have a normal year, I would expect DOW and TSE to drop by 1000 to 1500 points sometime in March. The rubes who panic and sell out in March will be the losers. I am waiting for a correction to put more money into the market.

Same as those who panicked and sold stocks when markets were at the bottom last March are the losers now. I was on a buying spree last year.

So yes, you are quite right, the markets will indeed drop. It is not a question of ‘if’, but ‘when’.

 

[SirJosephPorter]

Very low volume, the regular investor has yet to return to the markets. Major market investors (banking corporations,places like Morgan Stanly etc.) are for the most part the only ones playing the markets.

That doesn't make sense, ironsides. On the one hand, you say that major market investors are playing the market. On the the hand you say that volume is low. How can volume be low if major investors are playing the market?

It is the individual investor who is the bit player. An individual investor may buy hundreds or thousands of shares, big investors buy and sell millions. If major investors are in the market as you claim, volume cannot possibly be low.

 

[JLM]

Very low volume, the regular investor has yet to return to the markets. Major market investors (banking corporations,places like Morgan Stanly etc.) are for the most part the only ones playing the markets. The markets will drop in 2010, maybe next week or in 6 months, but they will drop.

Yep, I think you could be right, markets haven't been acting typically for a long time. Sept and Oct weren't the disasters they often are. If a guy was smart in the next month or two he would transfer some equities to fixed income and then buy back later in the year.

 

[SirJosephPorter]

Yep, I think you could be right, markets haven't been acting typically for a long time. Sept and Oct weren't the disasters they often are.

No, but January and February were (and usually they are good months for stocks). When markets tanked in January and February, it was clear that 2009 was not going to be a typical, normal year for markets.

Incidentally, I don't remember offhand, but I think 2008 was a typical year for the markets.

 

[JLM]

No, but January and February were (and usually they are good months for stocks). When markets tanked in January and February, it was clear that 2009 was not going to be a typical, normal year for markets.

January and February were exactly what I expected given the forecasts and the fact we were in the middle of a recession. B.T.W. Ironside said that most of the major investors weren't playing, except for one company.

 

[SirJosephPorter]

B.T.W. Ironside said that most of the major investors weren't playing, except for one company.

What are you talking about, JLM? This is what ironsides said.

Major market investors (banking corporations,places like Morgan Stanly etc.) are for the most part the only ones playing the markets.

He said that most of the major investors are playing.

 

[JLM]

What are you talking about, JLM? This is what ironsides said.


He said that most of the major investors are playing.

" are for the most part the only ones playing the markets."

 

[SirJosephPorter]

" are for the most part the only ones playing the markets."

Still I don’t know what you are talking about. I think we are in agreement, he said that only the major investors are playing the market. Then his other claim of low volume is not consistent with only the major players playing the market.