DOW: From 12,000 to 8,000 in Bush's final 4 months.... to 6,800 now

[scheming daemons]

But on CNBC, they are saying the markets are voting "No" on the Obama administration?


Excuse me.... The Dow lost 4000 freaking points in Bush's final 4 months. The 1200 it has lost during Obama's administration is still based on the conditions that Bush handed Obama.



CNBC causes as much market panic as anything. And they're analysis is almost always one-sided and wrong.

[Jennicut]

1. CNBC are a bunch of manipulators and liars. They don't want their taxes to go up.

God forbid they should go up a few percentage points.

[Earth_First]

2. They weren't expecting the collapse to happen until after 1.20.09 n/t

[sledgehammer]

3. Yes...

...because AIG's $60 billion loss is totally attributable to the Obama administration policies! :sarcasm:

So many companies have been reporting their 2008 numbers over the last few weeks, and those horrific numbers are bringing down the market big time. It's going to get worse for the near future. Someone said it well in another post - the economy and the market are not the same thing!

And for anyone who wants to tie the market directly to the success of the administration, well then I think Bill Clinton would be the greatest president of all. Let me hear any conservative say that!