what's going on wit the stock market?

[Zech Marquis]

I'm not an economic mastermind, but these rcent sharp drops in the Dow and Nasdaq are very disturbing. Can someone try to explain to me and other DUers just :wtf: is going here. Thanks!

[DarkPhenyx]

1. G.W. Bush the economic mastermind

That's teh short answer.

[Zech Marquis]

6. you can say that again!

it's like someone is lletting the air leak out of a balloon...and giving it al to the rich :grr:

[metisnation]

2. hot air leaves the ballon

if your playing the market move to non cyclical consumer goods like PG JNJ. These are typical safe havens for troubled times.

[Langis]

3. The bubble is bursting

[Zech Marquis]

7. oh shit!

:scared:

[arewethereyet]

4. the market has been charging hard for over a year

taking a breath isn't such an unexpected thing.

[DarkPhenyx]

8. However, with people predicting a "correction"...

...and selling off stock in anticipation they are actully bringing it along faster, and may cause it to be a much bigger "correction" than it should ahve been. Time will tell though.

[arewethereyet]

14. as you say this is predicted

I hear that the heavier hitters are just locking profits before buying back as 1st quarter results come in. Results are expected to be good.

[gristy]

5. Try Ozy's morning threads

Lots of info and banter there.
http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=102&topic_id=411937

[democratdemagogue]

9. stock market ups and downs

It's called the business cycle. Try an economics course. As long as it goes up in the long run we'll all be fine.

[hang a left]

13. Try a course in manners gogue.

n/t

[BillZBubb]

15. In the long run, we'll all be dead.

Maybe you remember that from your economics course? I'll bet not.

[rumguy]

16. no this is the beginning of the end of the so-called "bush boom"

not that there ever was one - it was always an illusion, a mirage built out of lies...

[alcuno]

10. The markets dip on bad news.

Last week it was the disappointing jobs report for February that was only one-eighth of expectations. Today it was the increase in the trade deficit. The last dip on the DOW that was similar to todays 160 point drop was in October 2003. Unemployment numbers come out tomorrow.

[AngryYoungMan]

11. It's the last thing Bush needs, and that's good enough for me.

I don't own any stock. And Democrats are allowed to indulge in Schadenfreude, right?

[Zero Gravitas]

12. Piehole effect

Former Governor Bush* gave a speech on the economy. Stock market goes down, its a fairly reliable phenomenon.

This time he was pretending to care about people whose jobs have been exported. He was not very convincing. At the same time he also seemed to think that outsourcing was a good thing for the economy. :eyes:

[Crunchy Frog]

17. The chickens are coming home to roost?

I think the Bush regime has been keeping the economy on life support and doing everything they can to keep the stock market pumped up despite the economy being in the crapper. It can only be kept up for just so long.

Well, I may lose some money, but if it helps get W out of the White House, it will have been worth it.