Comments on: Post-Election Blues Sink Wall Street
Dow Falls Nearly 500 Points, More Than Erasing Tuesday's Gains
Add a Comment See all 61 Comments
- Stock volatility is simply the result of irrational trading practices among brokers. To blame the 500 point drop in the DOW on investor skepticism of whether the Obama administration will fix the economy is just stupid. The DOW has been dropping at that rate just about everyday, minus the one or two days during the week where it raises 200. The bottom line is unemployment is increasing due to job cuts being made by nearly every industry, while companies (with the exception of Exxon Mobil) are reporting record losses. We''ve hit a recession and have been in one for some time, its time for the gov''t to finally declare that we are in one so investors can stop worrying about whether we are or aren''t in one and start taking proactive steps towards protecting their investments. X-mas time is coming and if something isn''t done to improve consumer confidence, expect record losses for retail giants for the holiday season.
- Reply to this comment
- some gonna win,,,some gonna lose,,,good time charlie,got the blues....My imaginary daddy always said,,,,,NEVER MAKE YOURSELF A HARD ACT TO FOLLOW....
talking precludes walking,,,,,,,,validation is in the jello....this is gonna be fun....looks good on paper,,,,,whooda thought?.....if anythings gets bumpy,,out,comes those skeletons that not so suprisingly just seemed to be ignored,,,,,,,if they would have spent half the effort they did on mud wrestling poor ol sara on Bay rock,,,,,cheez TMZ would have shut down all operations,,,just to watch......oh well, it all comes out in the wash,,,,I always root for the winner,,,,afa all,,,he shoe is the boss mann,,,,,,,he on probation for 2years and than the senate will shaken up,,,,just the way it gooessss....boyz n the hood,,,,,holden on to street creds.....till than.... - Reply to this comment
- Guess Wall Street is not a big fan of Socialism!
- Reply to this comment
- I went and got a loan for a new car last week. Interestingly, the loan officer knew everything about me and I didn''''t have to think up anything. It''''s all bullkrappp if you think that poor people pulled the wool over these financial institutions.
--------------------------------------------------------------------------------
Posted by rudy654
It was in the New York times written by George Mason University economics professor Tyler Cowen. I''m not saying who''s fault it is but people need to take responsibility for their actions also. - Reply to this comment
- Posted by renrivers at 08:24 PM
Blame him all you want, if that makes you less likely to face the reality of the world you helped create.
Posted by rudy654
Isn''t that a typical liberal response. Pray tell what did I do to create it, I was not in congress nor the senate, and had nothing to do with the bills being passed, in fact, I wrote Obama, my senator, and ask him not to vote for the bailout. Also I never voted for the Republicans now in office either, so pray tell how is it my fault?
By the way, have you noticed how far you have went from answering my original question? You have slammed and degraded me, just as I said you would. and still the question I ask remains unanswered. That should concern you, as much as it does me. The question was, "Where is Obama going to come up with the money to put the programs in place he promised during his campaign?" It was a simple question, I thought, but like so many liberals you want "pie in the sky," on an poor man''s budget. - Reply to this comment
- Applications with misrepresentations were also five times as likely to go into default. Many of the frauds were simple rather than ingenious. In some cases, borrowers who were asked to state their incomes just lied, sometimes reporting five times actual income; other borrowers falsified income documents by using computers.
--------------------------------------------------------------------------------
Posted by thcarson at 08:27 PM
I went and got a loan for a new car last week. Interestingly, the loan officer knew everything about me and I didn''t have to think up anything. It''s all bullkrappp if you think that poor people pulled the wool over these financial institutions. - Reply to this comment
- The democrats will be sick of Obama before he takes office. People that keep up with what is going on is already sick of Obama...
--------------------------------------------------------------------------------
Posted by mr22587 at 08:27 PM
"People is"? Pizz poor grammar. What else? - Reply to this comment
- The Obama slide will continue for as long as Your Messiah wants to tax big money. That''''s just how things work. Get used to it, Libs. We tried to tell you. Wait till you find out how many of Nobama''''s guys are lining their pockets with excess campaign funds....LOL
--------------------------------------------------------------------------------
Posted by ThatGuy56 at 08:21 PM
With all the reports coming in on job losses and a humongous deficit, I guess you think those things really don''t matter. They''re just nuances to someone like you, aren''t they? Get back under that trailer you live in. - Reply to this comment
- And were they the ones who encouraged banks to practice predatory lending practices??? Did they force banks to lend money with sub-prime interest rates?
Who forced Enron to extort money from California? Was that also the democrats'''' fault?
--------------------------------------------------------------------------------
Posted by rudy654
As much as 70 percent of recent early payment defaults had fraudulent misrepresentations on their original loan applications, according to one recent study. The research was done by BasePoint Analytics, which helps banks and lenders identify fraudulent transactions; the study looked at more than three million loans from 1997 to 2006, with a majority from 2005 to 2006. Applications with misrepresentations were also five times as likely to go into default. Many of the frauds were simple rather than ingenious. In some cases, borrowers who were asked to state their incomes just lied, sometimes reporting five times actual income; other borrowers falsified income documents by using computers. - Reply to this comment
- Posted by renrivers at 08:24 PM
Blame him all you want, if that makes you less likely to face the reality of the world you helped create. - Reply to this comment
