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  • HiSpeed: 
  • Comments (372)
  Obama's policies are forcing the recession into a depression.
  
  Now watch all the Obamanites whack my rating on SA lolol - I'd rather be right!
  
  Clearly Obama supporters are in serious denial of the truth and how the economy functions!

  Mar 06 11:05 AM | Link | Reply
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  • LeoTheDog: 
  • Comments (40)
  So, corporate earnings are being slashed (thereby reducing the "E" in P/E) and the market comes down. For this, you blame the guy who has been in office 6 weeks? Nice try.
  
  Perhaps the market is reflecting the reality of the economic situation as it currently exists--and what Obama inherited.
  
  Just curious: what is YOUR solution, and why should the market trade at a historically excessive P/E at this point?

  Mar 06 11:10 AM | Link | Reply
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  • ladders11: 
  • Comments (22)
  The market tanked when GWB took over too. I'm not partisan - just observing the facts.

  Mar 06 11:12 AM | Link | Reply
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  • trader1138: 
  • Comments (86)
  •  • StockTalk (2)
  once 51% of voters are net recipients of government largesse, the democratic party has itself a reliable constituency. even if the republicans retake power, the new social welfare programs will neuter tax cuts as a policy tool, for fear all of the dole slobs will scream that republicans are starving babies. And Jimmy Carter thought he'd never get a second term...
  

  Mar 06 11:12 AM | Link | Reply
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  • coloneldebu...: 
  • Comments (479)
  •  • Instablog (4)
  Last I checked the bailouts began in October 2008.

  Mar 06 11:15 AM | Link | Reply
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  • Broken: 
  • Comments (28)
  When stocks plunged during Bush's 1st year, guys like HiSpeed blamed Clinton. In Obama's 1st month, naturally the plunge is Obama's fault.
  
  Gotta love the consistent thinking.

  Mar 06 11:23 AM | Link | Reply
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  • joshuaodonnell: 
  • Comments (185)
  Its not just Obama who's tanking the market everytime he gets on TV. Its the credit default swaps that are tanking the entire world economy and the stock markets.
  
  With a $62 trillion dollar CDS market, this will make the sub prime mess and the derivative markets look like a picnic. We could easily see double digit unemployment before end of year with a .05% increase everymonth on the unemployment rate. The stimulus may delay 10%, but it may not. I don't think it will.
  
  Short sellers are using the credit default swaps as a measure to place thier bets on puts. The short sellers only need to gang up on the stocks just a little to reach the put option strike prices. This is really, really bad.
  

  Mar 06 11:31 AM | Link | Reply