Wallstreet gives Obama a vote of confidence.

[noob_trad3r]

This should be the headlines its up 16% and Obama is only been in power 9 months.

 

[Clubber Lang]

Oh I see, so when the market was collapsing in February and March it wasn't Obama's fault, but now that we've bounced hard from a ridiculously oversold condition it's all because of Obama.

Obama kool-aid drinkers really are a delusional bunch.

P.S.- How much of the September/October collapse from last year was the market pricing in Obama becoming President?

 

[drjekyllus]

Where were these liberals when the DOW at 14,000? I don't recall them praising Bush.

 

[Lucrum]

Quote from drjekyllus:

Where were these liberals when the DOW at 14,000? I don't recall them praising Bush.

They were suffering from BDS, poor bastards.

 

[drjekyllus]

Quote from noob_trad3r:

This should be the headlines its up 16% and Obama is only been in power 9 months.

How well has Obama been controlling that good old unemployment? Do you really think some shmoe who is out of a job gives a shit about the DOW?

Increases in the market will do very little to sway voters in your direction. High unemployment will turn off voters in a heartbeat.

If the market and unemployment both continue to go up, its going to lead to a very powerful narrative. In 2010 and 2012 the Republican slogan should be "Obama is fucking Main Street to help Wall Street."

 

[bugscoe]

The Obama administration is expected to announce a program this week to aid low- and moderate-income U.S. housing markets by funding state housing agencies, officials said.

The Wall Street Journal reported that the program would total $35 billion, with government-controlled housing finance giants Fannie Mae and Freddie Mac buying up to $20 billion in bonds issued by the state housing agencies. Another $15 billion in funding would come from the Treasury under authorities granted under housing rescue legislation passed in July 2008.

 

[bugscoe]

Quote from cleveland45:

I liked Obama at first, if only in comparison to Bush.

However, he is fast becoming a floating turd.

Some of the leftwing pundits are beginning to agree:


"Lefty pundits wonder: Is Obama just a blowhard who likes to blame other people?

The president’s problem isn’t that he is too visible; it’s the lack of content in what he says when he keeps showing up on the tube. Obama can seem a mite too impressed with his own aura, as if his presence on the stage is the Answer. There is, at times, a self-referential (even self-reverential) tone in his big speeches. They are heavily salted with the words “I” and “my.” (He used the former 11 times in the first few paragraphs of his address to the U.N. last week.) Obama is a historic figure, but that is the beginning, not the end, of the story.

There is only so much political mileage that can still be had by his reminding the world that he is not George W. Bush. It was the winning theme of the 2008 campaign, but that race ended nearly a year ago. The ex-president is now more ex than ever, yet the current president, who vowed to look forward, is still reaching back to Bush as bogeyman.

He did it again in that U.N. speech. The delegates wanted to know what the president was going to do about Israel and the Palestinian territories. He answered by telling them what his predecessor had failed to do. This was effective for his first month or two. Now it is starting to sound more like an excuse than an explanation.

That’s from Howard Fineman, whose next appearance on “Countdown” is likely to be, shall we say, stormy. Meanwhile, WaPo’s Richard Cohen is troubled:

The election has been held, but the campaign goes on and on. The candidate has yet to become commander in chief…

For a crisis such as this, the immense prestige of the American presidency ought to be held in reserve. Let the secretary of state issue grave warnings. When Obama said in Pittsburgh that Iran is “going to have to come clean and they are going to have to make a choice,” it had the sound of an ultimatum. But what if the Iranians don’t? What then? A president has to be careful with such language. He better mean what he says.

The trouble with Obama is that he gets into the moment and means what he says for that moment only. He meant what he said when he called Afghanistan a “war of necessity” — and now is not necessarily so sure. He meant what he said about the public option in his health care plan — and then again maybe not. He would not prosecute CIA agents for getting rough with detainees — and then again maybe he would.

I.e. as Jim Geraghty has forever warned us, all Obama statements come with an expiration date. Nice to see these two finally cluing into that idea."

 

[MohdSalleh]

i have never seen such low liquidity, this beats post 9/11, dot com bust. yom kippur or not, the funds have fled the market and will not be back until Obama goes

 

[MohdSalleh]

Quote from noob_trad3r:

This should be the headlines its up 16% and Obama is only been in power 9 months.

you damn moron, what does it matter if the market goes up 10000% but if you cant get any stock.

wtf fuck this site is infested with order fillers or paper traders

 

[drjekyllus]

Wallstreet gives Obama a vote of confidence.


Too bad the American consumer hasn't.

Drop in consumer confidence weighs on stocks
Stocks fall as market absorbs mixed news on home prices and consumer confidence; Dow falls 47

http://finance.yahoo.com/news/Drop-...6.html?x=0&sec=topStories&pos=3&asset=&ccode=

"NEW YORK (AP) -- A surprise drop in consumer confidence tripped up investors Tuesday, a day after a round of corporate takeovers set off a steep market rally."

Sucks to be a leftist.