Wall Street Very Worried With New Pres
Stocks getting pounded extremely heavy the last 2 days
We are in serious trouble boys
We are in serious trouble boys
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Obama becomes pres.....market drops 800 points in two days.
It's not really all Obama's fault. Massive layoffs on a daily basis. More and more people collecting unemployment. Worst October retail sales numbers in about 25 years. People living paycheck to paycheck. 95% of Americans are broke or underwater (more bills than income)
Thats what happens when people have had an orgy with money and credit the last decade.
Now it's time to stack paper, gold and other prescious metals. Saving has become in style again. Tear up all your credit cards and get liquid as fast as you can.......Comment -
I'm sure had McCain been elected the stock market would have flourished!
Please, this has been a crazy roller coaster ride, and it has a lot more to do with mistakes we have made over the last 10 - 20 year than who the president elect is.Comment -
Im sure knowing the capital gains tax is going up has nothing to do with it
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Since the stock market lost 50% since September 19 noone is benefiting from a capital gains tax because noone is making taxable gains.Originally posted by l7ustinIm sure knowing the capital gains tax is going up has nothing to do with it
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Tax on dividends as well.Originally posted by l7ustinIm sure knowing the capital gains tax is going up has nothing to do with it
Top wage earners in the country will be paying 39.6% very shortly. Got to beef up those wellfare checks to Obama constituents.
"Now dat Obama Prez-i-dint, I don't hav to pay my mortgage or my bills!!!!"Comment -
host of new economic data comes out this week, most of it has been negative.Comment -
do i have to have a kid to collect wellfair?Comment -
im thinking of having one so i can....Originally posted by compaqDikkComment -
justin7 are you good with printing birtch certificates with holograms?Originally posted by l7ustinComment -
Real estate investments will be crushed by this guy with capital gains,trust me people are bailing out quick to avoid what this numbskull is proposing.You are right,no one has ever benifitted from a capital gains taxOriginally posted by pavyracerSince the stock market lost 50% since September 19 noone is benefiting from a capital gains tax because noone is making taxable gains.
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Correct. Historical data actually points to more taxes taken in the lower the capital gains tax is.Originally posted by MBENZReal estate investments will be crushed by this guy with capital gains,trust me people are bailing out quick to avoid what this numbskull is proposing.You are right,no one has ever benifitted from a capital gains tax
We can't expect the mesiah to understand this, because after all an economist he is not.
People forget what democratic failures look like. They will soon be reminded......Comment -
Well let's see how it pans out. Bush inherited a 11,000 Dow Jones and drove it down to 8,000 twice during his presidency. If Obama drops the market by more than 30% twice while president then you have a point.
How much money does MBENZ and JBC77 make annually in capital gains so we can determine how the 2.5% increase by Obama tax plan is affecting them?Comment -
Where in the hell do you see 2.5,try a minimum of 27% on property sold where as now it is 15%.You don't have to be rich to feel the effects of whats coming.I would hate to be a young guy now trying to start my own business or investing in the future for my family because this guy wants a big piece of whatever you are trying to do.There will be alot of smart money moving out of this country so these leechs can't get their rotten paws on it,but everybody wants this change,lets see how everybody feels in a year or two.Originally posted by pavyracerComment -
Theyll be saying "O'Mama!" in a yr or 2Comment -
It was also flourishing at all time record highs. Don't forget that part.Originally posted by pavyracerComment -
Liquor stores were mobbed today, all the brothers claiming they do not have to work anymore with their man in office.
This is amazing.Comment -
Ah the scent of racism. Magnifique. The stock market like oil was already predetermined to continue to do what it's doing, but it's nice that the idiots can place blame on those whose fault it isn't.Comment -
JJ ur a moron ..Originally posted by jjgold
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Overnight S-P Futures up 3.60 so look for an early bounce tomorrowComment -
October's unemployment report comes out tomorrow, cant see anything positive coming from that.Comment -
Slicker no time to be in market, put money into sports or bank or broads.Comment -
Well said,Originally posted by jjgold
Allocation:
50% savings account
30% sports books
20% escorts/erotic massageComment -
Give Obama a chance. He hasn't even been inaugurated. He named Rahm Emanuel as his Chief of Staff today. Who Obama names as his Treasury Secretary will have an impact on the markets. Markets are going to continue to fall until the end of the year primarily due to record unemployment and poor retail sales.Comment -
Rahm Emanuel? i knew he'd have an all black staff. i hope the country goes downhill so obama can be the worst prez i dint ever. and all these nba players wearing the obama shirts. don't they understand that they're taxes will skyrocket? i guess they don't care cause they got a black president or they're not too bright..Originally posted by Tchocky
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Rahm Emanuel is a Jew. I don't know why you assumed he was black. There is no indication that any African-Americans are going to be appointed to Obama's cabinet. Do you follow the news? Stop making assumptions about blacks or any ethnic group for that matter.Originally posted by crispRahm Emanuel? i knew he'd have an all black staff. i hope the country goes downhill so obama can be the worst prez i dint ever. and all these nba players wearing the obama shirts. don't they understand that they're taxes will skyrocket? i guess they don't care cause they got a black president or they're not too bright..Comment -
Originally posted by JBC77
>>>>>>>>>>>>Obama becomes pres.....market drops 800 points in two days.
Yea, nevermind the drop from the end of September at 11,200 to Oct 27th at 8400, a 1 month period before the election with a 2800 point drop. Yea, let's look at microcosmic fluctuations and try to put common sense to them.
Hell, teh market has lost and gain 800 points is a day before the elction recently, instability from Bushonimics. You want to pass it off on Obama, brilliant. Wait till he becomes president, enacts fiscal measures and they have time to work before you do that, or be a typical neo-con.
>>>>>>>>>>>>>>>It's not really all Obama's fault.
How is it at all Obama's fault?
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Originally posted by l7ustinIm sure knowing the capital gains tax is going up has nothing to do with it
They may sell off now, then buy later. Stock players are players, they can't stay out and if they get in and it's not the market, they'll buy bonds, which is why teh US dollar has increased substantially lately.Comment -
I've asked before and I'm sure I'll get the same non-answer, but please explain the process where money comes from a top wage earner and goes to a welfare recipient. The 2 processes, tax configuration and revenue allocation are seperate processes. There is no official discussion or process where legislators say, 'we're gonna pay more welfare, let's raise taxes to pay for food stamps." We have run a deficit almost every year we have been a nation, so welfare goes against the debt, not against tax payers, so why not complain about the debt when whining about welfare recipients? Oh, because then you would have to advocate military cuts? I see.Originally posted by JBC77
>>>>>>>>>>>>>"Now dat Obama Prez-i-dint, I don't hav to pay my mortgage or my bills!!!!"
More brilliance from the party that spearheaded the $750B mortage mess bailout.
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No, you can alos get EIC w/o one, but they are both very low unless you have a kid, then they're still low, just not as.Originally posted by compaqDikkComment -
Originally posted by MBENZReal estate investments will be crushed by this guy with capital gains,trust me people are bailing out quick to avoid what this numbskull is proposing.You are right,no one has ever benifitted from a capital gains tax
Middle class won't be affected. Rich people are still making 100'2 of thousands and won't avoid the market over a few extra percent, they'll just grumble. Isn;t it fun to watch millionaires grumble?Comment -
Here's a set of Republican failures for you to put in your pipe and smoke:Originally posted by JBC77
Or is that success? Don't you feel silly by me posting reply after another with evidence and citation and you just running from it?
Oh, and McSame, and economist? Obama is gonna do a lot of what Clinton did. It's really sad to read your assertions with no responses to my replies.Comment -
>>>>>>>>>>How much money does MBENZ and JBC77 make annually in capital gains so we can determine how the 2.5% increase by Obama tax plan is affecting them?Originally posted by pavyracer
Right, the really stupid thing is that sme of the people poo-pooing Obama's plan would actually be helped by it versus hurt by McSame's.Comment -
Check your facts, Obama is not in office, unless you call a senatorial seat an office.Originally posted by jjgoldComment -
And then we can say that investors decided they like Obama, then the market drops and the investors changed their mind again.Originally posted by jjgold
When will the morons who think investors care about a president figure it out? It's a game, they buy when it's low and each has an alarm # that thet sell at when it hits a given number. It used to be measured in months, years, now it's measured in minutes.Comment
