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Originally Posted by pgardn
1. yep
2. I have a huge problem with the financial news networks "finding" reasons why the stockmarket has an up or a down day. No one ever seems to question the rather dubious claims made and very often taken as gospel. "The stock market plunged on news that..." bull you dont know this.
The stock market has been extraordinarily shaky for a while now and is in a downward spiral and it seems that the most likely reason is uncertainty. People dont know if the "cure" will work or not, or even if there is a cure...
I heard some people say the only cure is 2 years of pain. This is as good as any I have ever heard.
The stock market looks backwards (monthly/weekly etc... reports that come in 1 month after the fact) and forwards. It seems to me it is much more complicated than "the stock market reacted to Iran's bellicose statements towards Israel"
3. The thing I hate most about the Democratic party.
Its way too easy and dangerous- setting people against each other.
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The stock market is losing money rapidly despite the emergency measures that the new administration has taken. The tough guy act against banks may buy them some popularity among the common folk but the real money see it in an entirely different and negative light. One thing govt is really bad at doing an that is running business. Nationalizing banks means that they will running the financial sector. Who could possibly think that is good, hence the markets continuing plunge. The current administration may choose to ignore the market but they will eventually pay for that because the rest of us see what is happening. While they shouldnt and arent equipped to deal with it on a day to day basis the current trend should be more troubling to them then they outwardly appear to be.