Shall we vote by acclamation for the "Pit Of The Year"?

I explained it in my first post in this thread. Your timeline and connections to current events are just wrong. The largest error is the claim that the market was recovering until the Iraq war started to go badly. It dropped very sharply in the week after September 11th, and made modest recoveries and losses for months after that. In fact, the DJIA continued to fall until the war started, at which point it began to rise. It kept going up until early 2004. It went back and forth for a while after that, but in early 2005 it began an ascent that peaked in October 2007. That, of course, is now aeons ago and it’s down about 40 percent from that time.

I’m pitting the stock market drop too, but for a different reason: if Obama wins on a platform of economic “change”, regulation is going to go way up, and it won’t go down for a long time. This whole bailout (which I still oppose) wouldn’t even have been an issue if the federal government weren’t subsidizing home purchases by way of Mae and Mac. If this “fall of capitalism” nonsense doesn’t end soon, the U.S. is going to start heading towards socialism just as Europe is (or was) steadily heading out of it.

And this isn’t just Democrats, it’s Republicans too, with their stupid populist “screw Wall Street” mentality.

Valete,
Vox Imperatoris

I don’t believe your theory that Dow stocks were shorted during the preparations for the Iraq invasion. Why the hell would anyone short Boeing and General Electric and Honeywell when a war was about to start? And why would they short Exxon and Chevron when an invasion of an oil-rich country was about to start, which, at the time, was expected to quickly allow tons of oil to be discovered, processed and sold? There’s no connection between the war and the decline you’re talking about.

You say that like it’s a bad thing.

I’m guessing he thinks it is. :wink:

I do think Wall Street itself wants some more regulation at this point and may think Obama has a better grasp of what’s going on.

If you are going to survive you always have to assume that there is someone richer, smarter and with more inside information than you are able to glean from the mainstream press. In hindsight, the whole scenario starts to make sense. You have to be a chess player and be 10 moves ahead. I don’t know exactly why, but I hedged myself against exactly what is happening these days. That being said, it is not in my best interests or few others to suffer a total financial collapse.

In the distant enough future, our grandchildren will study history, and be told to spit out that Soylent Gum, unless they have enough for everybody, and click on the link for Lesson 9 in American History: The Bush Debacle and the Rise of Socialist Capitalism.

“…until finally, Socialist Capitalism of America was indistinguishable from Capitalist Socialism of China, and the two systems merged to form the Union of Absolute Peace for the purpose of world domination…(name chosen by the Chinese, who had us by the notes)…”

Unless they have enough of everybody, you mean.

Soylent Gum is people! yes, but its only toenail clippings gathered from approved pedoporiums worldwide, under the strictest sanitary and aesthetic circumstances. In the future, the feet will be the primary means of erotic expression. Did I mention personal jet packs? No? Good, 'cause you can forget about it.

How about the time, there was that guy? Totally a dickosaurus, got Pitted and it went on for a week over 7 pages of ragging on this guy for being such a tool, and then he got banned? Yeah, him, right! Pit of the Year, fer sure.

Yeah, that was pretty funny. Especially when people started posting haikus mocking his total lack of grammar or comprehensibility.

Valete,
Vox Imperatoris