Obama News Conference

[motordavid]

I guess the Mkt didn't care for his speech very much, along with the "stimulus/Porko" program
that floated through the system...

I may be sliding over to the VeryUsedKia board soon.

[X5rolls]

No, the market didn't like it at all - can you blame them?

Phil Flynn, an analyst at Alaron Trading Corp., said investors appear concerned about the inflationary effects of massive government spending.

"People are running to gold as a reaction to the speech and are running away from the stock market. And of course that's pressuring the oil down," he said.

Originally Posted by motordavid

I guess the Mkt didn't care for his speech very much, along with the "stimulus/Porko" program
that floated through the system...

I may be sliding over to the VeryUsedKia board soon.

[E61Silver]

Didn't the market drop with the Bush plan as well?

[X5rolls]

Bush who? That's old news.

Originally Posted by x54.4blue

Didn't the market drop with the Bush plan as well?

[motordavid]

I'm watching Treasury Sec G, the Boy Wonder, on CNBC...
it's a 5 month long fookin train wreck. Add in the Pelosi
sponsored Save the World and Cover All Bases pork deal(s),
and it's looking pretty ugly for quite some time to come, imo.

[Eric5273]

Originally Posted by x54.4blue

Didn't the market drop with the Bush plan as well?

Why does everything have to be an "Obama vs. Bush" contest?

I'm sorry, but just because Bush was an awful president does not give Obama any excuses. If the best thing we can say about Obama one day was that he was a better president than Bush, then you can sum up his presidency as a major failure.

[E61Silver]

My point is that the market does not always rally on good news.

[Eric5273]

Originally Posted by x54.4blue

My point is that the market does not always rally on good news.

The market rallies when there is good news for investors. Good news for everyone else does not always mean good news for investors. Most people are not invested in the stock market, and thus the target of the stimulus package is not Wall Street.

[Quicksilver]

think about this

If someone left a "BIG TURD" in the
middle of your living room i believe
that would promote some continued discussion.

Bush left a "BIG TURD" for Mr. Obama
and that fact will continue to cause some.
to argue that his presidency stunk.

So... In a way I guess your right.
If the best thing we can say about
Obama one day was that he was a
better president than Bush, then you
can sum up his presidency as a major
victory compared to the last president.

Originally Posted by Eric5273

Why does everything have to be an "Obama vs. Bush" contest?

I'm sorry, but just because Bush was an awful president does not give Obama any excuses. If the best thing we can say about Obama one day was that he was a better president than Bush, then you can sum up his presidency as a major failure.

[FSETH]

Originally Posted by Quicksilver

think about this

If someone left a "BIG TURD" in the
middle of your living room i believe
that would promote some continued discussion.

Bush left a "BIG TURD" for Mr. Obama
and that fact will continue to cause some.
to argue that his presidency stunk.

So... In a way I guess your right.
If the best thing we can say about
Obama one day was that he was a
better president than Bush, then you
can sum up his presidency as a major
victory compared to the last president.

I think you can thank Clinton for a portion of that "turd" as well with all the great things he did for Fannie Mae. I honestly do hope that Obama is a much better President than you know who, or we are all in big trouble.