B Hussein Obama on a downward spiral
- Thread starter fhl
- Start date
The name was just a coincidence. Guns were the furthest things in my mind when I chose my handle.
Well to be fair the first article that was linked to is overstated. Go to Gallup's own site and you'll see that his poll numbers are pretty much in line with past presidents at this point in time, though he started out above most of them. Hardly a drastic decline - and none of that from his core supporters.
I didnt vote for him, but lets deal with facts.
I didnt vote for him, but lets deal with facts.
I take your word for it P. My bad.
That being said...I still can't see an outright draft in this day and age under any circumstances.
That being said...I still can't see an outright draft in this day and age under any circumstances.
who ever doesn't hate obama is a racist or a moron
why would anyone support this guy other than the fact that he is black
america is so so screwed
why would anyone support this guy other than the fact that he is black
america is so so screwed
Quote from Pa(b)st Prime:
Keep in mind Wags I trade pretty much everything-not just index products. I missed a short entry in January by about 13 ES points and never chased it. I was long gold since November until Tuesday. Barely traded at all the past two months. Gold wasn't the home run it sounds like. Sux considering my entry never took a dimes worth of heat and neither did my exit. A real one of a kind trade. But I wasn't at all loaded up and I used options-shorted 700puts and bought 900 calls with the proceeds. Nice considering I did it at a credit but like I say it wasn't enough to put me in Brentwood.
Wags-be honest with yourself. The news has been decent for days. The puke today was 110% on the budget. I'm not saying the economy isn't contracting-I'm saying it's in the market. The budget/tax proposal is horrific. I'm cognizant that markets make lows on this kind of thing but I'm positioned with the idea that SPX may trade under 700 rather quickly. Bottom line: Since the election stocks are down 25%. From the time an Obama win was a foregone conclusion they're down 40%. If you think that's two random, unrelated events passing in the night than more power to ya.....
The market would be down big with McCain, Bush, Reagan or George Washington himself in the White House. I agree that it looks as though the market is souring on Obama's recent moves, so maybe he's been good for an extra 30-50 points off (who knows), but let's face it, most of this problem is structural and any attempts by one guy, even the US president, to solve it are about as effectual as King Canute trying to roll back the tide.
S&P is fucked because banks lent to reckless gamblers based on ridiculously overvalued bubble assets, and are now wiped out and can't finance normal industry or consumer activity. That, and not the nicetities of the Obama administration, is why we're in the biggest bear market for 75 years. Note that virtually *everywhere* in the rest of the world is also down huge. The UK, Germany, Ireland, Japan etc have all had the same people in charge in the last year and they have all tanked just the same as the US.
Cutten here's where lesser minds don't get it: It's not the Obama effect it's the electorate effect. In other words from 2006 on it's been quite obvious to me that VOTERS around the world were turning to the Left. Very similar to the 1960's-late 1970's. Labor strikes, civil demonstrations, protests against privatization etc. That frustrated from the streets movement MADE WAY for Obama and his ilk.
If Global markets believed they had TRUE support from the governments of various developed nations-not bailouts but lower corporate taxes, lower capital gains taxes and less pressure from environmentalists, those markets in turn would have stabilized at more traditional -40% off the highs fractal support.
If longs were inclined to believe Obama's policies were a bull item then they WOULDN'T BE SELLING. You mention quite a few markets selling off with the U.S.-all true. But notice this-All of those countries are JUST LIKE AMERICA. Socialists in deed, bloated, indebted and overly managed. Contrarily China, Taiwan, India, Brazil, Argentina bourses in Jakarta and even troubled Mexico City are each well above their November lows. IMO the divergence is quite telling.
If Global markets believed they had TRUE support from the governments of various developed nations-not bailouts but lower corporate taxes, lower capital gains taxes and less pressure from environmentalists, those markets in turn would have stabilized at more traditional -40% off the highs fractal support.
If longs were inclined to believe Obama's policies were a bull item then they WOULDN'T BE SELLING. You mention quite a few markets selling off with the U.S.-all true. But notice this-All of those countries are JUST LIKE AMERICA. Socialists in deed, bloated, indebted and overly managed. Contrarily China, Taiwan, India, Brazil, Argentina bourses in Jakarta and even troubled Mexico City are each well above their November lows. IMO the divergence is quite telling.
Voters turn to the left when the dizzying negative effects and impact of of a right turn only approach has left them in ruins...
It is a natural attempt to return to a straight line...which is down the middle with the left and right in their proper balance.
It is a natural attempt to return to a straight line...which is down the middle with the left and right in their proper balance.