Well, it’s been five years of mismanaged fiscal policies, alienation of foreign markets, crushing debt and ever-increasing government spending and expansion, and the stock market, if it continues just a mite bit further, will dip below 10,000. Anybody really surprised here? I’m happy to see that W’s oil buddies are scoring big bucks, but as a small investor, I’m just one of millions who is taking a financial buttfucking by this administration. Oh wait, it’s all Clinton’s fault, right? Of course, how could I be so blind?
Invest in China and India and short the dollar, you should be fine. This ship is going down.
This of course explains why W believes that individuals should provide for their own Social Security. What’s even scarier is that he really truly ** actually believes** it. :wally
No doubt. Oh well, it was fun playing “superpower” for a good long hundred years or so…
Sam
But Bush is a Republican, and everyone knows how fiscally responsible they are!
:rolleyes:
Not at all, considering that in October of 2003 it was at 7,500.
As a small investor, I earned an average ROR of 14.2% since 2002. Perhaps it’s your investment strategy and not the President?
Believes in what, since he has admitted that he has NO plan?
If he goes broke, Dick might help him out. I have no such safety net… :rolleyes:
Very disingenuous. The DJIA was at 10,700+ in January, 2000. In two years, they managed to tank the market by 3000 points. Today, five years later, the market has managed to claw its way back to not quite what it was when it started; quite an accomplishment. The only reason I’ve kept my head above water is that I have no debt. If you are an average American, your debt interest plus inflation negates your 14.2% by a significant margin.
Did they rename it the Dow Jones Economic Health Indicator while I wasn’t looking? Or is Chefguy just posting another throwaway lefty rant?
Whichever one allows you to continue to avoid taking a look at your administration and avoid considering any point of view that runs counter to your own. You know, business as usual.
Though I think rather little of Brutus’ honestly or intellectual capabilities, I have to agree with him here. The stock market is not necessarily a good indicator of current economic health, but the future prospects for gain. This is a very different animal, and the two should only be compared carefully.
And see this is where I start to get some serious cognitive dissonance. Isn’t this the same administration that was telling us that the economy wasn’t that bad in spite of all of the job loss and pointing to the stock market as an indicator of the economies health?
In fairness, I believe that Chefguy’s motives are good here and that he’s honestly concerned about corporate profits and the multiple the market chooses to place on them, and that he simply believes that presidents have more influence over the US economy than you or I might think. It would be an entirely different person opening a Pit thread with the same title if the DJIA were hitting 15,000 right now.
I’m not saying that this administration isn’t characterized by doubletalk, lying, and staggering economic ignorance. I simply believe that the stock market is neither a terribly good barometer of this country’s overall economic health nor is the president particularly responsible for its good days and bad days.
Advice for those of us who are financially ignorant? How exactly does one invest in China and India? What does shorting the dollar MEAN (buy Euros?)?
I remember another poster talking about gold once he saw W was elected. I think he said buying was the smart move, but I can’t remember…
-Joe