Is It Any Wonder The Market Continues To Sink?

Monday, February 23. 2009

Is It Any Wonder The Market Continues To Sink?

From an Investor's Business Daily editorial:

Investors are watching closely and not caring for what they see. Sooner or later, the market will rally — but not without good reason to do so.

Read the whole editorial.

Posted by Tom Elia in Economics at 00:03 | Comments (9) | Trackbacks (0)

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The Obama administration ignores theser clear signals from the capital markets at their own peril. The success of their economic plans is absolutely dependent on the health of them.

#1 rightguy (Homepage) on 2009-02-23 12:00 (Reply)

The market is down another 3.41% today. No matter how you slice it, dice it, or colorize it, Obamanomics is poison on the capital markets.

#2 rightguy (Homepage) on 2009-02-23 16:20 (Reply)

The market reflects the Bush Crash, which began in the fall, and highlights the collapse of real estate, banks and other financial istitutions under the policies of the previous conservative administration. More to come, and a surge of unemployment, from the Bush Crash. God save us from conservative policies. Let Obama do his job.

#3 don on 2009-02-23 17:33 (Reply)

The market takes a precipitous slide every time Obama announces a new economic initiative. In fact, it started started falling the day Obama took a lead in the fall.

#3.1 rightguy (Homepage) on 2009-02-23 18:55 (Reply)

You really have no clue Don, do you?

#3.2 Tom Elia on 2009-02-23 19:01 (Reply)

At least Don is admitting that the capital markets are tanking and its not a good thing. What remains to be seen is the Obama response to this. His 'fiscal responsibility summit' is probably going to tell him to raise taxes and cut back on buying $billions of American made military equipment - if BHO has got his people picked to participate in that serious meeting. We'll see how much the capital markets like that.

#3.2.1 rightguy (Homepage) on 2009-02-23 22:02 (Reply)

Markets are down 50% since it became clear Obama would beat McCain.

Circumstantial happenstance.

Punch 10.

#3.3 David Rogers on 2009-02-24 15:07 (Reply)

Tom,
saying "you have no clue, do you?" is a question, not a response. The answer is no.
You can do better, can't you?

#4 don on 2009-02-24 17:43 (Reply)

Thanks for the remarkable insight, Don!

You are so smart!

Mine was a rhetorical question for which I already knew the answer....

#4.1 Tom Elia on 2009-02-24 18:20 (Reply)

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Is It Any Wonder The Market Continues To Sink?

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