For general discussion and debate. Possible talking point: The Obama Bear Market.
The voters may be full of hope about the looming Obama Presidency, but so far investors aren't. No President-elect in the postwar era has been greeted with a more audible hiss from Wall Street. The Dow has lost 1,342 points, or about 14%, since the election, with the S&P 500 and Nasdaq hitting similar skids. The Dow fell another 4.7% yesterday.
Maybe worse, the post-election three-day decline of 7.1 percent last week was the worst in the Modern Era:
Since 1900, the worst such three-day performance for the Dow was a 6.0 percent fall after Harry S Truman was reelected in 1948. Such titanic declines are atypical as markets normally rally immediately after presidential elections with the average since the beginning of the 20th century being a 0.7 percent rise.
Is Obama and his socialist economic policies to blame for this post-election collapse, or is this just a continuation of a bear market that began in October 2007? Or both?



















Editor at Large
Comments Policy
People are scared!!
November 13, 2008 - 10:03 ET by BEGRUNTI mean really?? We know NOTHING about this man except for his associates......which happen to be ultra left or Marxist. Things he said.....like "spread the wealth around".....scare the hell out of people. As a result, people are dumping stocks and anything else they think his policies will effect. Frankly, I dont blame them.
"If a man does his best, what else is there"?
General George S. Patton Jr.
dems in charge once in
November 13, 2008 - 11:56 ET by TruthMongerdems in charge once in while reminds people just how bad they are at trying to govern
last time they had this much power was jimmah cahtah
http://www.telegraph.co.uk/finance/comment/3393741/Forget-JFK-Obama-could-be-the-next-Jimmy-Carter.html
It's a continuation
November 13, 2008 - 10:14 ET by NorthCoasterIt's a continuation of the Media and Politician induced Bear market from 2007 and earlier. The election has added fuel to the fire that was started by everyone blaming Presdident Bush for the poor economy. The economy recovered after 9/11 and was plugging along with historically low unemployment rates except in the rustbelt. Media has made it their task to cause the fall of George Bush for 8 years and this propaganda driven bearmarket was just one of many was to accomplish that.........
Lord Obama, Mutt In Chief
November 13, 2008 - 10:22 ET by DontFeedTheTrollsNo matter who, or what, is to blame for the current financial woes, soon after Lord Obama, Mutt In Chief, is inaugurated he will pronounce: Bush lied, your 401K died. He will say Bush had information that he kept secret (just like the secret intell he (and only he) had about WMD's and Iraq) and the economy was worse all along and that durn pesky Bush fooled all the economists the world over and taxes must go up, up, up!
D
Keep the ILLEGALS out, join NumbersUSA to send free faxes to your reps.
A small bit of good news
November 13, 2008 - 10:29 ET by Prester JohnThe morning guy on WMAL (talk radio in the Washington DC area) has picked up on Obama's civilian "national security force", is playing the clips with Obama talking about it back during the summer, and is asking 1) what is this all about and 2) why hasn't anyone been asking about it.
Obama-crat Depression
November 13, 2008 - 10:55 ET by LawfusThis started back in 2005 when the regulation of Fannie and Freddie failed. The smart money got out then. Then, the market was stung by the nearly simultaneous effect of the polls that showed that McCain was not going to be able to pull it out, and the final total abandonment of mature financial principals through the capitulation of almost everyone in Washington to the bailouts. The next-to-smart money just took their losses and got out then.
Finally, the election of a Marxist as president removed the last hope of redemption and the market has been in a slide ever since as people take profits before the tax increases and sink money in investments that won’t produce income or capital gains for about 8 years to hide them from the tax man.
The people bit on the old Marxist hook, but they forget that when you play screw the rich, the rich can screw back, and they do it better. Further, the real money is international now, and if you try to take their money, they will just slip away leave you with the tip of their tail. Goodby Golden Egg Goose.
The only possibility of redemption is in Obama repudiating his campaign taxation and Marxist promises before we go into a complete depression. He can just use the old Clinton line about the situation being worse than known. I doubt it will happen.
"The only possibility of
November 13, 2008 - 14:06 ET by NL207"The only possibility of redemption is in Obama repudiating his campaign taxation and Marxist promises before we go into a complete depression"
Obama will never repudiate his program because he truly believes his own propaganda. It won't matter how bad things get, he and his followers will exhort us to "stay the course" and blame all the trouble on Bush and the Republicans. His willing shills in the MSM will echo this.
And now, today's Shrub
November 13, 2008 - 10:57 ET by Roger the ShrubberAnd now, today's Shrub Report®:
Why hasn't Congress scheduled hearings, dragging oil company execs in to question them about the horrific drop in gas prices, causing a calamitous decrease of tax revenue, ruining city, county, and state budgets left and right? Outrage!
ManBearPig decides it is more profitable to fleece the Global Warming dumbasses from the private sector.
Would the Iranian Navy have fared any better? The pirates are probably better-armed.
Today's promotional message from the Mexico Department of Tourism. Note the timestamp of the article…
Am I alone in enjoying the irony of The Hopeful Changer filling his transition team with Clinton re-treads, and not minorities?
The scrubbing continues. Will The Hopeful Changer have any campaign promises left to break when he gets sworn in?
Sadly, Pennsylvania's Lt. governor passed away yesterday. This shrubber is a bit angry that this poor then 76-yo was used by PA's teamster thug governor to shore up the elderly vote and defeat Lynn Swann in 2006. This shrubber will always fondly remember this Pittsburgher as the woman who sometimes referred to Fast Eddie as Edward G. Robinson, the famous mob movie actor from the 1930's and 40's. At any rate, rest in peace, Mrs. Knoll. You will always be a McKees Rocks girl to us.
Lady Pantsuit dons her living room curtains…
Today's example of Liberal tolerance.
Speaking of tolerance, here's today's Religion of Peace Update. Nobody tolerates like the followers of Allah!
Katie Couric used Obama advisor to prep for Palin interview.
The Picture of the Day.
Media & Congress
November 13, 2008 - 10:58 ET by GothampcI think the problem is part media, part Congress.
Since before the election, everytime I listen to the news I hear "This recession we're in" and "The economy isn't looking good". If we all agree the media leans liberal, then they are pushing for bad times because that's their nature. When the economy is good, liberals can't push their wealth redistribution mantra. When I watch the news, I see liberals saying "We're in a recession" but the media never slows down long enough to ask "What are the signs. How do you know?"
Of course the other problem is the morons in Congress trying to bail everyone out. Paulson should have been fired. There seems to be no oversight regarding bailout money or regulations concerning who and why bailout money is paid. So of course the markets are crazy with that going on.
Racism is
November 13, 2008 - 11:16 ET by balboaRacism is over...right?
OK, maybe not completely over:
Last week, University of Texas back-up center Buck Burnette learned a
very valuable lesson about both his Facebook and racist status, after he posted the disturbing hillbilly-like message
"all the hunters gather up, we have a #$%&er in the whitehouse" on
his personal page and was subsequently kicked off the team. Too bad —
because this week Burnette could have started, since starting junior
center Chris Hall will miss Saturday's game at Kansas due to a sprained left knee.
bal
November 13, 2008 - 11:45 ET by larry on LIyour point being?
could be
November 13, 2008 - 11:50 ET by TruthMongercould be this...
http://www.blackpages.com/
bal
November 13, 2008 - 11:45 ET by larry on LIyour point being?
could be
November 13, 2008 - 11:50 ET by TruthMongercould be this...
http://www.bet.com/
What a dumbass that guy
November 13, 2008 - 12:21 ET by balboaWhat a dumbass that guy is...?
No law against being a
November 13, 2008 - 12:39 ET by NL207No law against being a dumbass, is there?
Apparently on Texas'
November 13, 2008 - 12:42 ET by balboaApparently on Texas' football team there is.
free speech - aclu -
November 13, 2008 - 13:58 ET by TruthMongerfree speech - aclu - not
when will people learn - you can only say these things about white Christians
Team rules are not law.
November 13, 2008 - 14:48 ET by NL207Team rules are not law. Probably team rules against public behavior that casts the team in a bad light.
yea bal, how about NO LIBERAL problem with this!!!
November 13, 2008 - 12:50 ET by upcountrywaterFing etc Bush effer etc.. (CAUTION F WORD S)
1.5 MILLION HITS, no bias ea!
0bama giong to do this: Viet Nam 2
IranianUranium
What does that have to do
November 13, 2008 - 12:56 ET by balboaWhat does that have to do with a moron on the Texas football team?
Typical, bal.. ranting against a lib BAD, ranting against a Rep
November 13, 2008 - 13:14 ET by upcountrywatersitting President, good
You really can't see ANY PROBLEM with the BIAS???
No worries, you and your minions are not alone.
And no, you are wrong.
Viet Nam 2
IranianUranium
upc: First, two waaaay
November 13, 2008 - 13:18 ET by balboaupc: First, two waaaay different situations. My point in the Obama story is to show what an idiot this guy is for posting something like that on his facebook page when he's part of one of the most recognizable college football teams in America.
The youtube video is stupid, too. There's really no need for that kind of language if someone has a problem with Bush.
Yeaa bal, way different... like jacks link below..
November 13, 2008 - 13:27 ET by upcountrywaterh/t Jack.. Mc Cain Girl.
For years the fing Bush link is up on YT..
One nasty comment regarding the 0bama... WHAMMO!!
fairness right. sheeesh
Viet Nam 2
IranianUranium
bal, it's his private page
November 13, 2008 - 14:00 ET by TruthMongerbal, it's his private page - non-affiliated with the school - i believe free speech is in the bill of rights
where is your beloved aclu on this?!?!?
busy tearing down the 10 commandments and burning up nativity scenes i fear
Your free speech is
November 13, 2008 - 14:07 ET by balboaYour free speech is restricted when you're the member of any organization, especially a very public one. The coach can kick you off for any number of reasons, including posting such things on facebook.
Second, not all facebook pages are automatically private. You have to set them that way. I don't know if that's the case here. But depending on how many "friends" you have, what you have posted can very easily slip out into the public domain.
bal, it's his private page
November 13, 2008 - 14:10 ET by Dan The Man 2bal, it's his private page - non-affiliated with the school - i believe free speech is in the bill of rights - Yes it is his page but only private if restricted. And he does have teh right to be an idiot and the right to pay the consequences for doing so. He signed a contract that included a morals clause that gives the employer the right to terminate for cause which they did. IMO its a judgement call for the college.
Of course if we look at the idiots out there like the Mav player who said some stupid stuff and got a pass then ... well.... uhhh....
Nuke em til they glow then shoot em in the dark.
Of course, there's a double
November 13, 2008 - 14:14 ET by balboaOf course, there's a double standard when someone important says something stupid. The Mav is a star, so they're not going to get rid of him.
This guy was a backup, i.e. expendable. If Colt McCoy had done this? Might be a different situation.
This guy was a backup, i.e.
November 13, 2008 - 17:05 ET by Dan The Man 2This guy was a backup, i.e. expendable. If Colt McCoy had done this? Might be a different situation - No its not the player but the comment and the school. UT is liberal and in Austin the birthplace of Pravda.
But it was a stupid comment from an ignorant person. Probably some yankee.
Nuke em til they glow then shoot em in the dark.
No that's college football
November 13, 2008 - 20:52 ET by balboaNo that's college football
November 13, 2008 - 20:53 ET by balboatell me about it - check
November 13, 2008 - 11:46 ET by TruthMongertell me about it - check these guys out - very sad:
http://www.democrats...
Bush
November 13, 2008 - 11:17 ET by rick007LOL For years the Dem's and libera; press complained about how stupid bush was.
Watch now as they turn the tables and complain how shrude he was and duped everybody.
Typ Lib spin. I think the American people should be allowed to vote on the Fairness Docturn this should shut down all thoes lib papers and TV channels. MSNBC ABC NBS CNN PBS and all the rest.
B,Frank has to wear diapers. Leakage problems.
Stock market to hit 10,000 again before Nov. 2012?
November 13, 2008 - 11:50 ET by islero47I'm thinking.... no. If the market has dropped this much before Obama has even gotten into office, how bad is it going to be after he enacts his insane economic policies?
I wonder how many of the investors that are selling voted for Obama?
Sarah Palin/Jason Lewis 2012
Obama, pathological nacissist: http://www.faithfree...
please explain "Jason Lewis"
November 13, 2008 - 12:15 ET by SouthJersey1953I must be missing something, but I have seen your tag line for several days now. I have searched for Jason Lewis and am not sure who you are talking about? Jason Lewis the actor?..nah...the radio host?,,,nah... the adventurer?....I give up
Luke 23:34
PALIN/Jindal '12
hey southjersey
November 13, 2008 - 12:40 ET by candanceJason Lewis is a talk radio host from MN who routinely fills in for Rush.
I'm a typical white person.
OK, thanks
November 13, 2008 - 15:25 ET by SouthJersey1953That is what I thought but wanted to make sure.....
Luke 23:34
PALIN/Jindal '12
If you're bored, check out his podcast
November 13, 2008 - 13:29 ET by islero47http://www.ktlkfm.co...
http://www.ktlkfm.co...
Sarah Palin/Jason Lewis 2012
Obama, pathological nacissist: http://www.faithfree...
Then news is reporting
November 13, 2008 - 12:29 ET by Delsaall the cities and states asking the government for bailouts.
We need to show the link between democrat run states and cities and the bailouts being asked for.
Seems like ALL are democrats?
just sayin?
OMG!!
November 13, 2008 - 12:35 ET by MightyMouthThe counter-counter terrorism has already begun! Rush's site is down!
"There are two types of people in this country; those who provide freedom and those who enjoy it." MM says...
8th Grader told to die for McCain T-Shirt at "liberal" school
November 13, 2008 - 13:02 ET by Jack BauerYou know how children are like... "the future," whatever.
That future looks very bleak with the liberals, the lefties and the Obamabots.
In Maryland
November 13, 2008 - 16:03 ET by Prester JohnMy wife saw a TV news report on a local DC station about a white girl at a community college in Maryland who was driven out of a class because she wrote a paper on voting against BHO rather than voting for him.
One black student interviewed said that yes, the girl was told her mother was a "white bitch", but none of the other students nor the instructor were willing to say anything about the incident. The administration suggested that she drop the class for her own safety.
I have not been able to find any links on the net reporting on this.
Why don't I find that surprising?
Don't Forget Fannie/Freddie
November 13, 2008 - 13:50 ET by JDWThe mortgage bailout started the downfall.
Today the government owns our banks and insurance companies. They want the Big 3. Who's next, Starbucks, American Express, or Circuit City?
How much longer will you own your 401k?
Government wants to own our young adults in the form of a civilian work force.
Ponder tax increases, higher capital gains, $250k tax level on business, restructuring of taxes for retirement accounts... and it is not difficult to understand why the market is reacting as it is. The DOW closed at 9.6k on election day.
JDW
DAILY WAVE
JDW, carters CRA is the cancer at the heart .
November 13, 2008 - 14:13 ET by upcountrywaterI am soo sick and tired of bureaucrats, pretending they are know-it-alls, in the banking business..
How many years have humans been doing banking?
The CRA changed the rules, and the front, men ,the freddie, and fanny.. go belly up.
Habitat for Humanity
thank you jimmy.... no houses for you now!
First Mutt's Viet Nam 2
IranianUranium
Bailouts
November 13, 2008 - 14:53 ET by JDWLibs once again rewarding failure
JDW
DAILY WAVE
What is going on in Tennesse?
November 13, 2008 - 13:51 ET by ricklailI don't know what the Republican party in the Volunteer State is doing but they are doing something right. For the first time in 147 years they have a majority in the state legislature. They voted for McCain and Al Gore is nowhere to be found around the state. As I told Bill Hobbs in an e-mail, I wish he would move several hundred miles east and take over the mess in NC that is the Rep. party.
YOU CAN KEEP "THE CHANGE" PALIN 2012
Palin/Jindal 2012
November 13, 2008 - 14:23 ET by littlemissmuffinPalin/Jindal 2012
Sounds like the perfect ticket to me! Have been watching Bobby Jindal interviews lately. He makes SENSE as does Sarah Palin.
Let us hope and pray our country is still salvageable by 2012.
Have to read this @ DebbieSchlussel.com
November 13, 2008 - 14:15 ET by MaximusBraveheartWE need some power to get to the bottom of these ongoing document problems. This was very well worth reading... what can we do about this!??
--------------
November 13, 2008
EXCLUSIVE: Did Next Commander-in-Chief Falsify Selective Service Registration? Never Actually Register? Obama's Draft Registration Raises Serious Questions
By Debbie Schlussel
**** Copyright 2008, Must Cite Debbie Schlussel and link to DebbieSchlussel.com ****
M-B
CBS is fraudulent -- OFFICIAL
November 13, 2008 - 14:15 ET by Jack BauerHa ha... I just clicked on an NB link to a CBS NEWS story at its website.. and my virus/firewall checker pops up:
THE WEB PAGE YOU ARE TRYING TO EXPLORE IS ON OUR LIST OF DANGEROUS AND FRAUDULENT WEB PAGES.
Laughed out loud
November 13, 2008 - 14:27 ET by littlemissmuffinJackBauer: Where can I get the same virus/firewall checker you have? Even your computer knows fraud better than the liberals.
LMM -- Computer Associates
November 13, 2008 - 17:11 ET by Jack BauerLMM -- Computer Associates (CA)!
Maybe there is hope for our
November 13, 2008 - 14:33 ET by Clear thinkerMaybe there is hope for our youth after all...14 Year Old Proves Obama Intolerance
Making Fun of AGW http://giovanniworld.wordpress.com/
Obama And Improved Foreign Policy
November 13, 2008 - 17:54 ET by JDWTOL: Putin 'wanted to hang Saakashvili by the balls'
JDW
DAILY WAVE
Civil war coming? We have
November 13, 2008 - 18:23 ET by Clear thinkerCivil war coming?
We have a local talk radio host that thinks we are heading for another Civil War in this country. Unfortunately, I fear he's dead-on accurate. Gun sales have been skyrocketing for the past month. So much so that store are running out of ammo to sell! Most of those buying guns and ammo are afraid of Comrade Obama. And they are also worried that those idiots in the city centers will end up coming out to urban areas as times get desperate, so they want to be able to protect what is theirs.
14 Year Old Proves Obama Intolerance
Making Fun of AGW http://giovanniworld.wordpress.com/
Yep Ct...facts are
November 13, 2008 - 18:33 ET by bigtimerYep Ct...facts are facts...I posted about that too here and there.
by the way...any of you that hasn't checked out that 14 year old girl link of Ct's it is well worth the read.
"America isn't the problem...America is the solution." ~ Rush Limbaugh
Must See!
November 13, 2008 - 18:28 ET by MightyMouthThe Onion Does it Again!
Had to add this headline too:
Dow Jones Plunges on News of Dow Jones Plunge!
"There are two types of people in this country; those who provide freedom and those who enjoy it." MM says...
I saw that the other day
November 13, 2008 - 18:34 ET by bigtimerI saw that the other day MM...that is one funny video!
"America isn't the problem...America is the solution." ~ Rush Limbaugh
I like the end zinger...
November 13, 2008 - 18:39 ET by MightyMouthNATION BRACES FOR ONSLAUGHT OF OBNOXIOUS KIDS NAMED "BARRAK"
"There are two types of people in this country; those who provide freedom and those who enjoy it." MM says...
What is really funny is
November 13, 2008 - 18:44 ET by bigtimerWhat is really funny is that is true too...
I cannot even imagine naming my kid Barrack, whether I liked the person or not.
People are such pathetic lemmings.
"America isn't the problem...America is the solution." ~ Rush Limbaugh
this is not a new
November 13, 2008 - 20:42 ET by balboaCLASSIC very funny but as
November 13, 2008 - 18:35 ET by dark_dsCLASSIC very funny but as with all good humor has truth in it
Obama countdown calendar
November 13, 2008 - 18:27 ET by nkviking75Does anyone know of an Obama Countdown calendar? Libs put out calendars counting the days until George W. Bush would be out of office every year of his term. I'd like to have something similar for Obama. Has anyone seen them online or in a store? If not, here's a great product to market to conservatives.
Welcome to the era of unity, you racist!
Prayers please.
November 13, 2008 - 19:13 ET by RukusPlease go here. It's on about the 21 year old. This is my neice, she's been missing almost 2 days. It's not like her to do so at all! Please pray for our family, we are doing everything we can to find including getting prayers from freinds. If you live anywhere in the vicinity please keep your eyes open. Thank you so much!
"Nuke 'em 'til they... oh hell, just shoot 'em!"
Rukus
November 13, 2008 - 19:20 ET by cocodriePraying right now.
rukus
November 13, 2008 - 19:24 ET byyou got it
“The way to stop discrimination on the basis of race is to stop discriminating on the basis of race.” -Chief Justice John Roberts
Oh Ruk...you have our
November 13, 2008 - 19:37 ET by bigtimerOh Ruk...you have our prayers too...I hope all turns out okay with all my heart.
"America isn't the problem...America is the solution." ~ Rush Limbaugh
Hi BT
November 13, 2008 - 20:37 ET by RukusWe have been checking her credit card stuff, nothing so far. I knew I could depend on you and others here to pray for us. I have been checking in every so often for my own selfish reasons... I knew my family would be getting prayers from ya'll. I love you all and thank you for all your prayers! Bless you all! I pray for all misssing/abused kids/people every night! We are still searching for my neice, no luck so far. A lot of that is on the internet, looking for clues, and in my place, wanting the prayers, they mean SO much to me and my family! These stories seem to always end up bad, I am praying, along with all of you wonderful people that it ends up good. Thank you all so much, I'm trying to think good things. I'll keep up checking up on your prayers because I think that will be the thing that helps. I'll keep checking up between our search for her with my NB freinds. Gotta go check some other blogs she was on, wish me luck. I honestly love you guys! Your prayers will bring her home. Thank you and God Bless You! We are still looking, including here, where I hope our south east US bloggers will see her... I hope, I hope. Thank all of you, prayers always help, and work. Bless all of you thinking of us at this time. I'm off to check some blogs she was (is, please!) on to look for clues.
"Nuke 'em 'til they... oh hell, just shoot 'em!"
Hope everything turns out well
November 13, 2008 - 20:55 ET by general companyHelp her family cope during this difficult time. God Bless
"Television is a freak show" Bernie Goldberg
Many prayers Ruk
November 13, 2008 - 21:34 ET by TheAssessorMany prayers coming your way Rukus. Your confidence in these prayers is one of the things that help them work. God bless you and yours. TA
It's America, not Omerica
Rukus... I just posted
November 13, 2008 - 21:40 ET by Clear thinkerRukus...
I just posted her photo and info on my blog. Will send out to as many people as I can. God bless this young woman!
HELP US FIND MISSING GIRL
Making Fun of AGW http://giovanniworld.wordpress.com/
NB forum started for daily prayers:)
November 13, 2008 - 22:11 ET by TruthMongerhttp://newsbusters.org/forums/topic-discussion/emergency-daily-prayers-requested-brianna-parish-thanks-much-26157
My prayers are with you Rukus
November 13, 2008 - 21:47 ET by shawn228May God bring your niece back to her family safe and sound.
RINO PURGE CHAT
November 13, 2008 - 22:48 ET by Free StinkerC-H-A-T
"Gov. Palin has been subjected to one of the most massive and dishonest pile-on smear attacks in the history of liberal media." -- Lowell Ponte