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Stocks Drop Sharply Amid Uncertainty

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CHRISTINE HAUSER
Published: September 9, 2011
Stocks on Wall Street declined sharply on Friday and bond prices soared after a speech by President Obama on jobs added to the uncertainty already weighing on financial markets over European sovereign debt and the weak economic recovery.
In afternoon trading, the three main market indexes had fallen about 2 percent. The Standard & Poor’s index of 500 stocks and the Dow Jones industrial average were each down about 2.3 percent, and the Nasdaq composite index was down 1.9 percent.
Stocks in the United States followed Europe, where the European Central Bank said Jürgen Stark, a German who sits on the executive board of the E.C.B. and is known as an opponent of the bank’s bond-buying program, will resign his post.

This is a joke right? The day after Obama's glorious speech, no thread? Here let's talk about how much this speech helps the US.
 
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Best investment advice i can give is to sell right before OBama makes a speech.
 
Government passes spending cuts bill: market tanks
Unemployment doesn't increase: market tanks
Companies show decent quarterly profits: market tanks
Obama sneezes: market tanks

Starting to think that the market is just playing a nice little game of "ahaha, screw you" with everybody's money.
 
Cant be everybody's, they dont have mine.

When Obama got elected best advice i saw was to put 80% of you investments in Swiss and Canadian treasuries, and 20% in Gold.

You do the math how did that advice pan out?
 
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This is a joke right? The day after Obama's glorious speech, no thread? Here let's talk about how much this speech helps the US.

When did this time of mythical "certainty" exist, and what were they so certain of?

The last thing they were certain of was "real estate always goes up in value"
 
Obama could be a hero if he'd shut up and lock himself in a closet for a year.

When he stays away, the market trickles upward. The second he opens his mouth, it drops like a liberal's panties.
 
Obama could be a hero if he'd shut up and lock himself in a closet for a year.

When he stays away, the market trickles upward. The second he opens his mouth, it drops like a liberal's panties.
That's kind of how the Conservatives feel about the govt in general.
 
I think the insolvency of euro soverigns and banks might be weighing a little more on the market than Obama's speech... can't blame everything on him.
 
The market was primarily responding to problems in Europe, as it has been for some months. The other major factor driving down the market was the Republicans' debt limit fiasco.

Overall the market is still up signficantly since Obama has been in office, even with the recent drop. My personal portfolio is presently up about 26% on stocks purchased since May '09, which I will happily take (even though it was up over 50% a few months ago). How did the market do during Bush's presideny? It actually fell over Bush's eight years. :2rofll:
 
Cant be everybody's, they dont have mine.

When Obama got elected best advice i saw was to put 80% of you investments in Swiss and Canadian treasuries, and 20% in Gold.

You do the math how did that advice pan out?

Which can be considered a loss due to opportunity costs. The S&P 500 is up over 70% since the march 2009 lows. :prof
 
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