The problem is that the trillion dollar spending bill is only going to help those companies that screwed up to begin with. They are rewarding those companies with money to still do business even though they didn't do business right because they are now going bankrupt. Let the good companies survive, let the bad ones die! Just keep the banks solvent, that's the number one priority at this time and give tax breaks when possible. Do not add more to the 11 trillion dollar deficit for that is only going to have to be paid back WITH INTEREST over the next 30 years or more.Please Register or Log in to view the hidden image!Please Register or Log in to view the hidden image!
To swivel: There is lots of wisdom and truth in your post 240. If it had done a little sooner, we could now have only that long corrective recession. I forecast a deep depression several years ago was unavoidable because I knew politicians only think about what will help them win the next election, so they never take a little hurt now and lose it. They hope the catastrophe is in the next guy’s term. GWB almost got away with this, but many now see, as I did years ago, that doubling the debt, tax relief for the rich (who could then invest in building modern factories in China, making higher pay jobs exportable, etc.) plus starting needless and very expensive wars, could only end in a depression, which will not be Obama’s fault.
A better question is: "How HIGH will the Dow go?" With the massive inflation we are going to see over the next 50-100 years, I predict a Dow of 30,000 sometime this century. The talking heads on MSNBC will pretend that this is the sign of a healthy economy while they sip water out of a bottle that set them back $25.
I doubt inflation will rise that swiftly, but who knows? I can certainly see 15,000 again within 10 years. It didn't take long after the 9/11 crash for us to get past 12,000.
My bet is that sometime this week, FEAR will be replaced by GREED. There's some great bargains out there!
Yes, but the current problems are more similar to the crash of 1928 and the market didn't bottom for 3 years back then and the recovery took 20 years I think... (reaching the previous high)
Half of the voters in the poll are wrong, and THE Obama still hasn't come up with a policy to stop the slide into depression. Hell we are in a depression, and THE Obama is playing FDR. DOW----Below 7000------
Why, the Reps did? The Dow was already below 7000 when you posted by the way... Keep up with the times! Also, to think that a government can completely control and boost a market whenever they wish is naive...(and not very capitalist either)
FDR established TERA (Temporary Emergency Relief Administration) with an appropriation of $20,000,000 -- equal to 16c for each American citizen! The difference between federal spending back in FDR's time and here and now in Obama's time is like the difference between a ripple in a pond and a tsunami. Don't expect a similar outcome!
Well there is a part of me that wants to encourage the market to sell off. Clearly the market is not reasonable and is driven more by fear than reason these days. But when such instances occur history has shown that it is a time of unprecedented opportunity. So when the market has stopped scaring itself to death, I am going to be there buying up every good opportunity I can find. I think the Obama plan scared a lot of folks. And for the first time in a very long time we are going to see the real strength and power of a capitalist society. Corporations dependent on lobbyist for there extrodinary incomes are going to have to learn to work for their bread...a good thing. It is ironic that the so called conservatives who say they champion the fee enterprise system are calling the man that is going to make markets more competitive than the have been in a century a socialist and a communist. The human is an intersting animal. It is also interesting that the market ignored some good news today. Personal income and spending were up last month.
Interestingly, the stock market did rise 100%+ in the March thru July of FDR's first term. I don't expect a repeat performance!
Me either. But for you Republican idealogues...SELL, SELL, SELL! The Obama boogieman is going to get you! For those of you who are not Republican idealogues, I would suggest holding until the idealogues are finished and have their day. Not only are they selling, they are creating panic and fear...wittness Buffalo Roam. They are on the news almost every hour of every day berating the markets, economy, and the performance of President Obama...hoping to destroy his popularity with the American people. Let them have their day, and when the they have finished selling, I am guessing in June, I would recommend that you start putting some money to work in the markets a little at a time. But you need to do your own research and make your own decisions before buying securities...as always.