In four years, Obama will be heralded as the guy that saved the US economy.

[themarket]

You know its funny. I really don't blame the liberals and leftists for voting for Obama. Who else were they going to vote for. I can't get angry at a snake for being a snake. You are what you are. I marvel at so many of the moderates and so-called conservatives who voted for him just because they wanted a change. I laugh that I have been short this market since he took a lead in the polls and these dumbasses have been almost wiped out by their good buddy. You got the change you wanted, pal. Your money changed from your hands to mine.! Is this a great country or what?HAHAHAHAHAHAHHA!

Quote from mtwokay:

You assume there is a market to recover.

Obama is remaking Amerika in his image.

How and when will the peeps stop this?

I suspect those that voted for Obama will turn on him when they have lost 60% or more of their retirement funds.

 

[gnome]

Quote from Trvlwanderer:

On beat the drums.....

And under financial collapse the world will beg for a "global" messiah. We now have ours, but the "world" will have to wait a bit.

I have heard a steady rythm of "global New Deal" over the past several weeks. Much more than the normal globalist rants of the past.

And the drums continue......

Let's hope not. If ultimately true, that means Bush, NObama, and CONgress have sold America and our people "down the river" for their own personal greed(s).

 

[swtrader]

in 4 years, people may be beginning to forget what hope for the future was like

 

[moarla]

Quote from Trvlwanderer:

No, they will still blame Bush...it is an endless cycle.

you cant blame Bush... he is too stupid that you can blame him for this

 

[IanMacQuaide]

Quote from mtwokay:

You assume there is a market to recover.

Obama is remaking Amerika in his image.

How and when will the peeps stop this?

I suspect those that voted for Obama will turn on him when they have lost 60% or more of their retirement funds.

A large % of Obama voters' retirement funds are Social Security
and Entitlement Programs.

 

[tradersboredom]

most of the people at ET are short term dayt and swing traders so bull market or bear market doesn't really matter.

but bull markets are better for trading.

and no to the transaction tax. transaction tax is like bear market for traders lots of markets won't be feasible to trade.

Quote from walter4:

He will be seen as the guy who brought the United States out of the abyss. What better platform to start from than an economy the looks to be on the brink of disaster.

Old timers in the market will tell you that a stock market bottom will come long before there is any good economic news. So, if the stock market bottoms, then rallies long before there is any good economic news, then who is doing the buying?


The turmoil in the stock market is being exasperated by an endless wave a negative news. This has led to redemptions among hedge fund clients, and mutual fund investors. This being said, in my opinion, we are witnessing one of the best buying opportunities in our lifetimes.

I will be brief since I am locked in to picking the proper time to add to client accounts, so here's what I believe we will see in the months and years ahead;

1) I was petrified of the market when the Dow was above 14,000. I am not afraid of it at 7000. What I am personally afraid of is not further declines, but missing the market on the upside when it turns.

2) Clearly, the stock market is in the midst of a toilet hugging barf, and in my opinion, the next best opportunity to add to the equity portion of investment portfolios will be below 7000 on the Dow Jones Industrials, and under 700 on the S&P 500. My calculations tell me that the market will be finish when it inflicts the maximum amount of pain to the maximum number of people.

3) Bear Markets have five stages of grief:
1) Denial
2) Anger
3) Negotiation
4) Depression
5) Acceptance

The selloff in October and November had all the classic signs of the 4th phase which is depression. Now we have quickly approached the final capitulation phase which is acceptance. I don't know if we are staring at the bottom of the final phase now, or whether it will be later in the mid 600's on the S&P.

4) Warren Buffett became a billionaire by investing during times of market turmoil. His favorite times to invest were the 1960-61, 1973-74, 1980-82, 1990,91, 2001-2003 recessions, and the recession were are experiencing now. When asked if he watched the CNBC business channel, he said; "yes, but I have the sound on mute." There is a great lesson to be learned here.

5) In my opinion, risk in the stock market is greatly reduced when the following three things are factored in;

a) A 25-50% declined in the broad market averages

b) Buying quality, and investing in the Indexes, ETF's, and Sector Funds.

c) Expanding your investment time frame from 3, 5, and 10 months to 3, 5, and 10 years.

History does repeat itself, and whoever tells you "it's different this time" does not understand economic and market history. George Santayano, the Spanish-born American philosopher (1863-1952) said, "Those who do not learn from history are doomed to repeat it."

I've said it before, and it is worth repeating, IMO there is no way the powers that run this country are going to make Barrack Obama look bad 4 years from now.


http://johnmugarian.com/

 

[gnome]

Quote from swtrader:

in 4 years, people may be beginning to forget what hope for the future was like

Dr. Samuel Vaknin... author of several books and noted expert on NPD... Narcissistic Personality Disorder... Google him for more info.

He claims NObams is likely a "pathological narcissist".... Vaknin quote..

"... Narcissists project a grandiose but false image of themselves. Jim Jones, the charismatic leader of People's Temple, the man who led over 900 of his followers to cheerfully commit mass suicide and even murder their own children - was also a narcissist. David Koresh, Charles Manson, Joseph Koni, Shoko Asahara, Stalin, Saddam, Mao, Kim Jong Ill and Adolph Hitler are a few examples of narcissists of our time. All these men had a tremendous influence over their fanciers. They created a personality cult around themselves and with their blazing speeches elevated their admirers, filled their hearts with enthusiasm and instilled in their minds a new zest for life. They gave them hope! They promised them the moon, but alas, invariably they brought them to their doom...."

(I'm just the messenger)

 

[jueco2005]

I think there is a strong possibility people might want him to run for a 3rd term.

 

[gnome]

Quote from jueco2005:

I think there is a strong possibility people might want him to run for a 3rd term.

Change "term limits" just for him?

 

[achilles28]

Quote from gnome:

My wave counter suggests...

1. Either (a) economic recovery by H1, '10... in that case, market bottom probably by May-June... or (b) decline continues to '13-'16.

I'm thinking (b) is most likely. However, even if (b) is ultimately correct, low in May-June could bounce to maybe SP 1100.

Well, if easy credit precedes a recovery. Then what precedes easy credit?

Perhaps bottomed real estate? I'm not convinced thats true.

While derivative paper built around mortgage securities is the problem, the underlying value of mortgages isn't really the issue. Its the ability of mortgage holders to pay that mortgage back.

And that's not gonna happen until banks lend again. Real estate valuations aren't going to rebound with banks hoarding cash and choking credit.

They gotta lube it first, then the economy peaks up, mortgage payments stabilize, which buoys payments on securitized debt, which buoys derivative exposure, then stock prices etc.

Regretfully, it seems the Bankers control everything, once again.

And no bank will lend "for the greater good", fearful that other banks won't follow suit. Prisoners dilemma.

So it could last until the economy and real estate find bottom without the benefit of cheap credit.

That could mean 12-18% unemployment. I suppose that would translate to another ?? Trillion in future bailouts for bankers.

12-18% unemployment means a flotilla of new home owners defaulting, foreclosing, and selling. Which translates to XX trillions in geared derivative losses accruing to bankers on non-performing mortgage backed securities.

That means we're nowhere close to bottom.

In that case, a 2013 recovery would be in the cards