Stock bumps.

Link

Not to rabble-rouse too much, but I have a question for those who have been blaming the daily slumps and fluctuations within the stock market on Obama, and actually believe it (not just those trolling).

How do you explain today's rise?

Note: I don't think the market's rise today has anything to do with Obama, but if you are going to believe that Obama makes the markets drop, does he also make them rise?

Double note: I totally picked up some General Electric this morning before everything started to rise. I'm very happy right now.




Edited by agentwhale007 - 10 March 2009 at 4:48pm

The lack of responses to this thread amuses me.

Snipa69 wrote: So after reading that article and reading your question, am I to understand that you are asking people to comment on one days results? Big jump? Absolutely. But I feel as though the way that you stated your question, you are trying to trap people in a way to their opinions on Obama. I don't know how you can blame just one person as we are all responsible in a way for letting the big banks get so powerfull, but to ANYONE who thinks it is the sole movements of Obama that control the stock market(s) then you sir/ma'am should go play in traffic.

Haven't been watching T&O threads lately?

Well its great but... 6% of nothing isn't much... if we would of rised 200+ points when it was at 12,000 it would of been just another day.

Linus wrote: Yay a small bump in an other wise major loss in 2 months! Let's open a bottle of champagne! How do I explain it? How else; the stock market is a flimsy piece of crap that is too readily effected by outside forces, both good and bad.

It does spook extremely easily, for no real reason.

Snipa69 wrote: I don't know how you can blame just one person as we are all responsible in a way for letting the big banks get so powerfull, but to ANYONE who thinks it is the sole movements of Obama that control the stock market(s) then you sir/ma'am should go play in traffic.

The question was in reference to threads like:

This.

And This.

Those that actually think we are in the "Obama recession."






Edited by agentwhale007 - 10 March 2009 at 11:42pm

It'll be nice seeing things start to rise again in time though... I'm down on literally every mutual fund I own, from 5-50% depending on the fund... about 34% overall. 34% of a year's saved up pay is quite a lot.

I'll play.

I've never said that President Obama's CAUSED the recession, but the actions of the stock market since he's been elected is tough to ignore or brush aside as a mere coincidence. I think that's all most of us are trying to say, but overreaction to that simple observation is epic. Not all of us are Rush Limbaughs or Michael Savages. Some of us even have a pretty good grasp on reality. It IS funny though, that when we say 'Nothing good has happened yet'  you say "Its only been 'x' number of days' but when we say 'This bad thing has happened' the response is 'You're an idiot for thinking he has anything to do with it.'

The events that have set the course for recession have been in place for a long time I'd imagine. Not knowing much about these things, I can only hazard a guess when I say that.

Yesterday's rise? Yay? Its like having change enough to do laundry, but not enough real money to pay rent.
When yesterday's trend continues for a few weeks, then I'll get excited, but with the number of volatile causes that determine the skittish fluctuation of the market, I'm not going to celebrate yet.

No, I don't pin economic recession completely on President Obama, but it doesn't take an economist nor even a complete genius to make the conclusion that maybe he's not helping yet either.

I know, I know "Its only been 'x' number of days"
 

seriously...

jmac3 wrote: I just realized. Of the few links from you that I have read, your post is always a copy and paste from said link. Do you have no thoughts on the issue yourself, or do you just like to paste other people's writing?