Market Today

[Gaspar]

Wow! Futures are way down this morning (7:30).  The market may dump to under 10K.  The unemployment #s and what is expected to be a lousy retail report today may trigger a melt-down.

Hold on.

[RecycleMichael]

Negative Nancy?

[Gaspar]

My trades executed in the first 4 minutes, and now (insert bomb falling sound) there it goes.

[Townsend]

Retail sales are up..."modestly", but up.

edited to say: Ah, not as "up" as the they were hoping for.

and then I started reading the opinions of the experts...it's like Sauer took a new job with a gaggle of economists.

[Gaspar]

I'll be happier than a clam if I'm wrong.

[RecycleMichael]

Gaspar just wants everybody to panic. He needs to find new things to blame on Obama.

[Gaspar]

Gaspar just wants everybody to panic. He needs to find new things to blame on Obama.

No, same old things.

[Hoss]

Gaspar just wants everybody to panic. He needs to find new things to blame on Obama.

Yeah, it was hard for many Bush supporters to say anything bad about our previous president while the economy was going in the tank.  I hate blaming previous administrations just as much as the next guy (no pun intended) but let's remember whose watch it was under that this whole mess got started.  Some people act like it just began on 1/20/09...

And let's not forget the era of non-regulation that was supported by the administration before that and others before Clinton.

[Gaspar]

Yeah, it was hard for many Bush supporters to say anything bad about our previous president while the economy was going in the tank.  I hate blaming previous administrations just as much as the next guy (no pun intended) but let's remember whose watch it was under that this whole mess got started.  Some people act like it just began on 1/20/09...

And let's not forget the era of non-regulation that was supported by the administration before that and others before Clinton.

Not a Bush supporter Hoss.  Never was.  It is however growing more and more hysterical to blame him for today's aloof leadership and MASSIVE MASSIVE INVESTMENT IN MORE GOVERNMENT rather than belt tightening and fiscal responsibility.   Bush was an irresponsible spender, but President Obama really makes that a moot argument  .

The "Spend & Ignore" strategy is taking it's toll.

[swake]

Wow! Futures are way down this morning (7:30).  The market may dump to under 10K.  The unemployment #s and what is expected to be a lousy retail report today may trigger a melt-down.

Hold on.

And the markets open flat.

I really get the impression you take a bath in the markets constantly.

[rwarn17588]

And the markets open flat.

I really get the impression you take a bath in the markets constantly.

Agreed. Anyone who tries to time the market -- outside of investing professionals -- is a damned fool.

[Gaspar]

Agreed. Anyone who tries to time the market -- outside of investing professionals -- is a damned fool.

I admit, I have been a fool on more than one occasion.

[Conan71]

Up 21 pts.

[Conan71]

Yeah, it was hard for many Bush supporters to say anything bad about our previous president while the economy was going in the tank.  I hate blaming previous administrations just as much as the next guy (no pun intended) but let's remember whose watch it was under that this whole mess got started.  Some people act like it just began on 1/20/09...

And let's not forget the era of non-regulation that was supported by the administration before that and others before Clinton.

Interesting to note how a lack of confidence in President Obama's election affected investors.  Nov. 4, 2008 market closed at 9625, Nov. 5 it closed at 9139, Nov. 6 it closed at 8696.

Markets opened at 7949 on 1/20/09 And it continued a 1400 point free-fall until early March until someone must have finally pointed out to President Obama and Turbo Tax Geithner that the campaign against W was over.  That free-fall was good to me, I'm not complaining, I bought a lot of stocks at fire sale prices we likely might not see again.  Just wishing I'd followed my hunch and bought 10K shares of DTAG when it bottomed out. 

[Cats Cats Cats]

Yeah, it was hard for many Bush supporters to say anything bad about our previous president while the economy was going in the tank.  I hate blaming previous administrations just as much as the next guy (no pun intended) but let's remember whose watch it was under that this whole mess got started.  Some people act like it just began on 1/20/09...

And let's not forget the era of non-regulation that was supported by the administration before that and others before Clinton.

Lets say it started 1/20/09
Dow was at 7949.08
Dow is at 10,334 right now

So the dow is up 30% since Obama took office.

1/19/2001 the dow was at 10587 at 25% drop to 1/20/2009