Dow closes below 13,000 for first time since August

[lonestar]

Originally Posted by Paladin

Best. Post. Ever.


Don't let the door......

Since I really did not say that. And you are unable even quote correctly.

I felt Like it was worth fixing the your fubar.

****ing morons

[Garcia Bronco]

this just means that it's a good time to buy, but you could have set your watch to this ****. I think Drek has some pretty good analysis on the situation in addition to the outcome of the election.

[L.A. BRONCOS FAN]

Originally Posted by lonestar

****ing morons

Says the delusional idiot who turned out to be wrong about everything.

[cutthemdown]

wow dow down another 100 plus points and almost a full 1%. Hopefully this is just a short sell off and soon it will level off or something. Also s&p down, Nasd down.

They better make a deal on the sequestration and fast. Really dems have no power to do it like they want. Election changed nothing the country still left repub in the house which we all know has a lot of power.

Repubs aren't going to let you raise tax. They will say the 48% popular vote, and them retaining the house, is enough of a message that the country doesn't want higher taxes. Obama won on womens issues and the Latino vote. Neither of which is a mandate for higher taxes.

Obama not in as great of a spot as people think. Economy will tank if he doesn't deal.

[cutthemdown]

Obama in a way worst spot right now then 4 yrs ago. I feel sorry for him almost because that sequestration is like a chain around his neck with a time bomb on it. He doesn't have time to play hardball with the House. He has to deal and deal fast. No way he gets all the tax raising he wants.

[Rohirrim]

Originally Posted by L.A. BRONCOS FAN

Says the delusional idiot who turned out to be wrong about everything.

Good ole Rachel.

[DenverBrit]

Originally Posted by cutthemdown

wow dow down another 100 plus points and almost a full 1%. Hopefully this is just a short sell off and soon it will level off or something. Also s&p down, Nasd down.

They better make a deal on the sequestration and fast. Really dems have no power to do it like they want. Election changed nothing the country still left repub in the house which we all know has a lot of power.

Repubs aren't going to let you raise tax. They will say the 48% popular vote, and them retaining the house, is enough of a message that the country doesn't want higher taxes. Obama won on womens issues and the Latino vote. Neither of which is a mandate for higher taxes.

Obama not in as great of a spot as people think. Economy will tank if he doesn't deal.

Wow, a 100 points? Not unusual at all. Does it really seem like a big drop when the market is seen as moderately overvalued and a pull back expected, especially with the 'fiscal cliff' on the near horizon??

The prospect of a repeat of the last 4 years of stubborn 'no taxes on the table' bs makes everyone nervous. Bi partisan agreement means exactly that. Congress, Obama, get to work!

Note to the Tea Party: It is impossible to just cut our way out of this recession, it will also take additional tax revenue, not more tax cuts for the wealthy.

Why is this fiscal fact of life so difficult for some to grasp?

[chadta]

Originally Posted by cutthemdown

Economy will tank if he doesn't deal.

Who needs an economy when you have weed and gay marriage

side note, I think the OP belongs in the 6 biggest overreactions thread

[cutthemdown]

Originally Posted by Cito Pelon

I think a good deal of investor pessimism has to do with the GOP again will try to obstruct the "Grand Bargain". Which is really needed.

What will Obamas deal be? How can the markets know until he unviels what he is willing to offer repubs to get it done. Repubs already said we will close loopholes to raise revenue, along with spending cuts. So that right there is saying no to raising capital gains, housholds making 250 grand. What will obamas counter offer be?

[cutthemdown]

Originally Posted by DenverBrit

Wow, a 100 points? Not unusual at all. Does it really seem like a big drop when the market is seen as moderately overvalued and a pull back expected, especially with the 'fiscal cliff' on the near horizon??

The prospect of a repeat of the last 4 years of stubborn 'no taxes on the table' bs makes everyone nervous. Bi partisan agreement means exactly that. Congress, Obama, get to work!

Note to the Tea Party: It is impossible to just cut our way out of this recession, it will also take additional tax revenue, not more tax cuts for the wealthy.

Why is this fiscal fact of life so difficult for some to grasp?

Nothing has changed. Repubs will still fight raising taxes. 48% of the country and enough to give them the house said they want that. That is enough to make them fight right there. I haven't seen one thing on Obamas side, or the repub side, that tells me positions have changed. Point out to me where Obama can force a repub house to raise taxes.

[cutthemdown]

Originally Posted by DenverBrit

Wow, a 100 points? Not unusual at all. Does it really seem like a big drop when the market is seen as moderately overvalued and a pull back expected, especially with the 'fiscal cliff' on the near horizon??

The prospect of a repeat of the last 4 years of stubborn 'no taxes on the table' bs makes everyone nervous. Bi partisan agreement means exactly that. Congress, Obama, get to work!

Note to the Tea Party: It is impossible to just cut our way out of this recession, it will also take additional tax revenue, not more tax cuts for the wealthy.

Why is this fiscal fact of life so difficult for some to grasp?

Losing 400 points in 2 days actually pretty bad. Whatever though keep dreaming that you achieved enough power to get the tax raising just like you want it. Repubs are going to fight it. Obama has more to lose then them now. Obama being quiet because IMO he is going to cave on a bunch of what he wants to get a deal on sequestration. He doesnt have to worry about pissing off liberals, while repubs still have a lot to worry about and more reason to fight. IMO Obama instead of playing hardball, will come right and make a deal that isn't his tax raise on 250 grand and up.

[DenverBrit]

Originally Posted by cutthemdown

Losing 400 points in 2 days actually pretty bad. Whatever though keep dreaming that you achieved enough power to get the tax raising just like you want it. Repubs are going to fight it. Obama has more to lose then them now. Obama being quiet because IMO he is going to cave on a bunch of what he wants to get a deal on sequestration. He doesnt have to worry about pissing off liberals, while repubs still have a lot to worry about and more reason to fight. IMO Obama instead of playing hardball, will come right and make a deal that isn't his tax raise on 250 grand and up.

What is this supposed to mean? What power did I dream about getting??

This is about fiscal policy, not some dumbass partisan bs.

No recession....especially one this bad, has ever turned around by cuts alone, it needs revenue as well. Romney, wanted to cut more revenue and increase defense spending that would add $7 trillion to the deficit, and he claimed he would balance it with closing unspecified tax loopholes.
That fairy tale was obvious bull**** to everyone but the rubes who thought he had the answer and voted for him.

It's basic economics, but the GOP/Tea Party ignore reality and focus on ideology.

[Jetland]

Originally Posted by lonestar

Since I really did not say that. And you are unable even quote correctly.

I felt Like it was worth fixing the your fubar.

****ing morons

yes, yes you did say that

[TonyR]

Originally Posted by cutthemdown

Nothing has changed.

Yes, something has changed. Obama can't be re-elected in 2016 so the GOP has a little bit less incentive for him to fail, and therefore less incentive to obstruct everything. It's now time for them to start worrying about their own jobs.

[BroncoBeavis]

Originally Posted by DenverBrit

What is this supposed to mean? What power did I dream about getting??

This is about fiscal policy, not some dumbass partisan bs.

No recession....especially one this bad, has ever turned around by cuts alone, it needs revenue as well. Romney, wanted to cut more revenue and increase defense spending that would add $7 trillion to the deficit, and he claimed he would balance it with closing unspecified tax loopholes.
That fairy tale was obvious bull**** to everyone but the rubes who thought he had the answer and voted for him.

It's basic economics, but the GOP/Tea Party ignore reality and focus on ideology.

I love how all federal spending is graded as prime Keynesian pump lubing necessary for growth. Except for defense spending. That has no effect obviously because nobody works for the military or military contractors.

If you believed your own theories you'd say "We can't AFFORD to cut defense spending"

[Bacchus]

I love watching the stockmarket go down. All the big banks the free money days are over. Now you might have to actually go back and invest in THINGS to make a profit.

Anyway it will drop for a week or so, all the republitards will panic and then it will go back up.

[cutthemdown]

Originally Posted by TonyR

Yes, something has changed. Obama can't be re-elected in 2016 so the GOP has a little bit less incentive for him to fail, and therefore less incentive to obstruct everything. It's now time for them to start worrying about their own jobs.

You could just as easily say Obama doesn't have to run again, can go against the far left and come right. Much like Clinton did 2nd term to work with the right.

[cutthemdown]

Originally Posted by Bacchus

I love watching the stockmarket go down. All the big banks the free money days are over. Now you might have to actually go back and invest in THINGS to make a profit.

Anyway it will drop for a week or so, all the republitards will panic and then it will go back up.

what has changed to the corp tax structure that will make companies not want to offshore their foreign profits? Clinton talked about changing them, so did Romney, but not a peep from Obama how he plans to get those trillions sitting overseas to America. IMO that all we need to fix to increase revenue.

Drop the rate and make it profitable for companies to bring money home earned in overseas markets. Set the rate really low because they already had to pay tax on the country they did business in. Thats why they dont ever bring those profits home.

[DenverBrit]

Originally Posted by BroncoBeavis

I love how all federal spending is graded as prime Keynesian pump lubing necessary for growth. Except for defense spending. That has no effect obviously because nobody works for the military or military contractors.

If you believed your own theories you'd say "We can't AFFORD to cut defense spending"

Which 'theories' are we talking about??

[El Minion]

Dow, S&P 500 close at 5-year highs



After a mostly flat trading day, the Dow and S&P 500 climbed during the last hours of trading Friday to finish the week at their highest levels since December 2007....[continued]

[DenverBrit]

The Dow and S&P have had a stellar recovery.

Let's see if the idiots in the House can avoid ****ing it up by NOT playing politics with the debt ceiling!

[Fedaykin]

Originally Posted by DenverBrit

The Dow and S&P have had a stellar recovery.

Let's see if the idiots in the House can avoid ****ing it up by NOT playing politics with the debt ceiling!

BTW, for the trickle downers here: The stock markets recovering the way they have demonstrates undeniably that there is no problem whatsoever with capital (i.e. money in the hands of the "job creators") in the economy.

Anyone with at least half a brain can put that 2+2 together.

[mhgaffney]

Originally Posted by Rohirrim

I think we should cut federal spending to the bone. We can start with all that welfare going to the red states. Too long have they suckled the federal tit.

As usual, Ro gives the war machine a pass.

A trillion a year for war without end -- is one of the big reasons for the present crisis. Military spending produces the fewest number of jobs per dollar spent than any other kind of expenditure.

Not to mention the drug trafficking, the remote control murder of marriages and funerals, the corrupt big contractors, and the many other ways this spending has undermined our political system.

MHG

[frerottenextelway]

Bump

[DenverBrit]

Originally Posted by frerottenextelway

Bump

A good day to bump. Dow goes over 14000 for the first time since 07.

It looks a little overbought though, we'll probably get a minor correction sometime down the road.

5%-15% is what I am getting from some good sources, but I'm a happy camper for now.