Goodbye stock market

[The Paperboy]

He's creating a new health insurance company from inside of the federal government that people pay into.

 

[Toro]

The market is reacting to the de-leveraging of the financial system and the recession, both of which have nothing to do with Obama.

There were rumors floating around yesterday about doing away with 401ks, but this was mischief being spread by short sellers to knock the market down further.

However, the market isn't worried so much about Obama as it is about Pelosi. Obama's speech on election night, singling out Wall Street as a culprit, didn't help though.

 

[Chris]

Obama is being advised by Warren Buffet, Richard Rubin, Summers, etc..

He will do fine.

 

[Chris]

Unemployment 6.5%, 240,000 jobs lost in October, followed a steeply revised cut of 284,000 in September, the most severe monthly loss since November 2001 just after that year's September terror attacks. The department also revised August job cuts higher to 127,000 -- meaning a total 179,000 more jobs were cut in August and September than previously thought. The national unemployment rate jumped to 6.5 percent from 6.1 percent in September, the highest since March 1994.

But of course when the market crashes today, all of you cons will blame Obama.

It is actually worst. The Big Three are on the verge of bankrupcy. That could mean the loss of 2 million jobs.

This is an incredible mess.

 

[Article 15]

DOW up 200 so far today thanks to George Bush and the Republicans!

 

[WillowTree]

Great time to buy stocks.

Warren Buffet just bought $5 billion worth of stocks.

bfd, isn't he the juan who is so stingy with his kids I don't admire him not for one nanaosecond.

 

[Caligirl]

I am still waiting for closing below 8000, then we'll buy a few

btw willow this is for you:

 

[SwingVoter]

market's up today, report wasn't as bad as many expected, not sure why DavidS expected such a bad reaction from Wall St.