• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!
  • Welcome to our archives. No new posts are allowed here.

Dow Crashes 300 points after Obama Elected

American said:
You need to get out of the market completely, and send your money in to the social security office. Libs don't belong in the market, I mean Wall Street crooks and all.
Click to expand...

I keep wondering why the Libbos aren't dumping all their money into the green energy industry. I mean, it's a sure thing...right?
 
AdamT said:
My portfolio is doing great -- like most people who've invested during Obama's tenure. If you ever do scrape together enough money to invest, I suggest that you don't work yourself into a lather over the daily noise of the markets. Unless you're a day trader (bad idea) or you dabble in futures, you want to be looking at years and not days ... let alone one day. :lol:
Click to expand...


As if you would tell us it wasn't.
 
bitbuckit said:
Uhhh, most of the country DOES live in the cities...
Click to expand...

not my problem. I can see why they may worry, but things will rebuild. Just because things collapse does not mean they are gone forever. Sometimes things need to collapse to become modern.

bitbuckit said:
very well, then I dub it Racism.
Click to expand...

yup, and you will find it in many places in this world.
bitbuckit said:
Just wow.
Click to expand...

I know I am impressive.
bitbuckit said:
Yes corporations took advantage of people, the problem is, after we fixed those problems, now we are swinging to far the other way and we are going to kill the goose that lays the golden eggs.
Click to expand...

Actually that is a lie. they just want you to think they will take stuff away. they won't because that is how they make money, and if they do take it away someone else will sweep in and provide it because they want to make money. So if they want to turn up their nose at income someone else won't. They are greedy and they don't want someone else taking their income so they won't let it happen in the first place.

think about it, it is the same reason people took pay cuts rather than lose their jobs in the past years. yeah, you can stick your nose up in the air and say you are worth more and you won't work for that money, but someone else will.
 
apdst said:
So, what kind of work do you do?
Click to expand...

What kind of work don't I do. i used to be a network engineer. now i run a paintball business and a costuming business. I also do computer work on the side for select small businesses. I have had multiple other businesses of my own, and done some management in retail and the video store industry way back when VHS was big. I also have run a few conventions, and have learned a ****load about the world. To this point I can pretty much make or do everything i need to survive without modern conveniences, and I know how to work with people so I know i will get by if things go real bad. Oh, and it turns out my present location has me learning sailing and fishing too. I have been a mechanic, construction worker, and a cook. Whatever i do, i do it well, and i learn from it. i also don't keep to one task, i move around and see how all things happen.

I find experience and life fun. So i am constantly looking around and learning how to do things. I am 38 and I look at the people around me and realize i have probably had a couple of lifetimes worth of experience. the odd thing is I am lazy, or at least i know i could be doing so much more.
 
AdamT said:
My portfolio is doing great -- like most people who've invested during Obama's tenure. If you ever do scrape together enough money to invest, I suggest that you don't work yourself into a lather over the daily noise of the markets. Unless you're a day trader (bad idea) or you dabble in futures, you want to be looking at years and not days ... let alone one day. :lol:
Click to expand...

Wow, Adam, you mean you've invested in those greedy corporations that make those high profits. Interesting. I thought you Obama voters don't approve of the corporate profits that you're now saying are lining your pockets.
 
tres borrachos said:
Wow, Adam, you mean you've invested in those greedy corporations that make those high profits. Interesting. I thought you Obama voters don't approve of the corporate profits that you're now saying are lining your pockets.
Click to expand...

considering they won't stop gaming the system even if no one from the non-1% class invests in them because they don't need our investment: Super-Rich Hold Up To $32 Trillion In Offshore Havens: Report i don't see the issue with trying to make a little money that would otherwise simply go into an offshore tax haven anyway.
 
tres borrachos said:
Why did you post this to me? It has nothing to do with what I said.
Click to expand...

yes it does:

you said why is he investing when he's railing against the corporations

my argument is that why not, because if he doesnt, that money he could have made will be made by the super-rich regardless and will just poof out of the economy and into a tax haven anyway :).
 
tres borrachos said:
Wow, Adam, you mean you've invested in those greedy corporations that make those high profits. Interesting. I thought you Obama voters don't approve of the corporate profits that you're now saying are lining your pockets.
Click to expand...

He does, as long as it goes into his own pocket.
 
roflpublican said:
considering they won't stop gaming the system even if no one from the non-1% class invests in them because they don't need our investment: Super-Rich Hold Up To $32 Trillion In Offshore Havens: Report i don't see the issue with trying to make a little money that would otherwise simply go into an offshore tax haven anyway.
Click to expand...

That must be why the super rich mostly voted for Obama. Democrats are the party of the rich, you know.

The super rich mostly make their money by gaming government regulations and being close to government. It's a feature, not a bug.
 
LowDown said:
That must be why the super rich mostly voted for Obama. Democrats are the party of the rich, you know.

The super rich mostly make their money by gaming government regulations and being close to government. It's a feature, not a bug.
Click to expand...

Class warfare anyone?
 
Fisher said:
I can tell you what I plan to do for the next 4 years--no employee pay raises and and the money I save will be spent in deductible ways. If the left is not serious about managing the budget, then I will do my best to contribute less to them to waste.
Click to expand...

you would be wise to manage your financial affairs so that it minimizes your tax burden, provided that arrangement is not going to damage your company's earnings prospects

you do yourself a disservice by shorting your employees' raises
the baby boom generation is beginning to retire. in short order there will be a demand for talent that does not now exist. refusing to pay your employees market wages ensures your company will have inferior employees. that is not a recipe for a sound business future
 
tererun said:
What kind of work don't I do. i used to be a network engineer. now i run a paintball business and a costuming business. I also do computer work on the side for select small businesses. I have had multiple other businesses of my own, and done some management in retail and the video store industry way back when VHS was big. I also have run a few conventions, and have learned a ****load about the world. To this point I can pretty much make or do everything i need to survive without modern conveniences, and I know how to work with people so I know i will get by if things go real bad. Oh, and it turns out my present location has me learning sailing and fishing too. I have been a mechanic, construction worker, and a cook. Whatever i do, i do it well, and i learn from it. i also don't keep to one task, i move around and see how all things happen.

I find experience and life fun. So i am constantly looking around and learning how to do things. I am 38 and I look at the people around me and realize i have probably had a couple of lifetimes worth of experience. the odd thing is I am lazy, or at least i know i could be doing so much more.
Click to expand...

Don't sound like you get out and break a sweat for a living, so you might want to be cool calling someone lazy.
 
The Dow was Up 135 points Tuesday fully cognizant of the likelihood of an Obama victory.
Then lost 312 Wednesday.
There are oft Big Gyrations after election day. CNBC did a short segment on it yesterday.

The DJIA closed at 8695 on Nov 6, 2008 (down 400 that day)
Last night around 12,933.
app a 50% Gain under Obama. (/Pres-elect Obama)

That said, there was some shifting going on from Dividend stocks (Dow type) to [Tax Free] Municipal Bond funds because taxes on Divs will likely go up.
The GOP might agree to divs being taxed at a higher rate which was always on the table.
Surprised some woke up to it just after the election.
Big Banks also got hit hard; perhaps Europe.

Any plan from either party that cuts the deficit has to either increase revs And/or cut spending.
Austerity/any 'Fiscal Cliff' solution hurts stocks in the short run, as does doing nothing.
So we may see no real dealing with the issue but more 'kicking the can down the road'/debt-ceiling extension.
We'll see.
 
Last edited:
Peter Grimm said:
And so it begins...
Click to expand...

In the last year alone the stock market has gone through dozens of drops of 300 or more points, and rapid increases of 300 or more points. The world didn't end then, and it won't get now.

http://finance.yahoo.com/echarts?s=%5EDJI+Interactive#symbol=^dji;range=20111107,20121108;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
 
Wiseone said:
In the last year alone the stock market has gone through dozens of drops of 300 or more points, and rapid increases of 300 or more points. The world didn't end then, and it won't get now.

http://finance.yahoo.com/echarts?s=%5EDJI+Interactive#symbol=^dji;range=20111107,20121108;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
Click to expand...

You're correct, the stock market has been looking poor for the last few months now.
 
You must log in or register to reply here.
Back
Top Bottom