Economic Stimulus

[drunken monkey]

Originally Posted by BNaylor

Where did you get that notion? Where in either one of the articles you posted does it attribute the so called market optimism solely to Obama's economic stimulus plan?

The first real major gain in the Dow Jones Index happened beginning of this week on the 24th (Monday) with the day ending more than 400 points above opening. What happened on the 24th? Oh yeah, Obama announced the Treasury's plana the day before markets opened. Could be coincidence of course.

Not entirely sure what happend mid week though for it to suddenly drop, despite recorded increase in spending for the previous month.

Originally Posted by thrasher

Interesting that this hasn't been posted yet...

Don't you know?
It aint hip to quote possible good things about Obama.

[thrasher]

Originally Posted by BNaylor

Where did you get that notion? Where in either one of the articles you posted does it attribute the so called market optimism solely to Obama's economic stimulus plan?

Never said it was due solely to BO stimulus plan, but it has played a part.

Investors added rocket fuel Monday to a two-week-old advance, cheering the government's plan to help banks remove bad assets from their books and also welcoming a report showing a surprising increase in home sales.

The bottom line is how will your stock, IRA and 401K Plan portfolios look at the end of the year.

Not great to be sure , but I've got a long time to ride out the storm with my IRA and 403b...As soon as the market bottoms out, there is going to be a LOT of money to be made on the way back up, and I don't plan to stand on the sidelines for that.

Originally Posted by Drunken Monkey

Don't you know?
It aint hip to quote possible good things about Obama.

Dude, you should see the Politics forum on one of the Corvette forums I frequent. Makes this place look like a left-wing nuthouse

[drunken monkey]

Originally Posted by thrasher

there is going to be a LOT of money to be made on the way back up, and I don't plan to stand on the sidelines for that.

which is also why it is, despite what the fear mongers might want to shout about, a good thing in the long term for governments to buy that debt.

It's also why Warren Buffet (amongst others) sunk so much cash into buying failed banks' and their debt and other large banks i.e Barclays were so eager to "help" some of your larger failing banks.

In a way, it's made things easier for the casual trader because there is no need to hedge your choice of long trades. Of course, this is dependent on knowing when to go in long....


Edit:
now that I think about it, that drop mid-week might've been a pre-empting bout of short dealing to brace in case that sales report was worse than expected. Pure speculation on my part but quite possible. Anyone know any hedge fund managers? Um, that still have a job that is....

[BNaylor]

Personally I like it when the market goes up but remember it is speculative in nature no matter who the Prez is. Otherwise it is like shooting yourself in the foot if you do not root for the market to go up or have some optimism. However, it dropped again today for whatever reasons.

7776.18 -148.38‎ (-1.87%‎) Mar 27 4:02pm ET

When we get back to the good ole days or a bull market then I'll give Obama a pat on the back. Until then I am not holding my breath.

[BNaylor]

Originally Posted by thrasher

Dude, you should see the Politics forum on one of the Corvette forums I frequent. Makes this place look like a left-wing nuthouse

That is only because we are nice here. ..... In the end it really doesn't make any difference since this is an auto forum. A car doesn't care what political party you support or whether you are a right or left wing nutjob and neither do members or Moderators that give tech advice or willing to help out. Although many would like to see it shut down we have the Politics forum on AF to keep the crap out of the tech forums.


BTW - I'm still trying to figure out what DM does on AF other than spend time in the O/T sections.

[03cavPA]

Originally Posted by drunken monkey

Don't you know?
It aint hip to quote possible good things about Obama.

And if it turns out some of the turnaround occurs because of actions taken by the Bush administration before BO took office, what then? Retractions all around? Not bloody likely.

I'm not defending GW; I'm just looking at the other side as well.

[03cavPA]

Originally Posted by BNaylor

BTW - I'm still trying to figure out what DM does on AF other than spend time in the O/T sections.

Comic relief? Relax, DM, I'm just poking fun.

(actually, they let me stay around for comic relief. My Cavalier brought me to this forum, and my daughter's Jeep keeps me looking for tech stuff.)

[BNaylor]

Well, it looks GM and Chrysler won't be getting any more bailout money for now. Sad to say it but I'm with Obama on this one and IMO it was a good decision. And GM CEO Wagoner had to step down.

Source: MSNBC/AP
Obama denies bailout funds for automakers
White House says neither GM, Chrysler submitted acceptable plans

Link to Article

[drunken monkey]

Originally Posted by BNaylor

I'm still trying to figure out what DM does on AF other than spend time in the O/T sections.

I er.... help fufill the ethnicity count of the mod board?


Incidentally, what do you think of the Fiat "merger"?
Is it a forced affair cos that is how it is being publicised over here.

[BNaylor]

Originally Posted by drunken monkey

I er.... help fufill the ethnicity count of the mod board?

Me too since I'm of Asian descent. Just pulling your leg DM.

Originally Posted by drunken monkey

Incidentally, what do you think of the Fiat "merger"?
Is it a forced affair cos that is how it is being publicised over here.

Which one? You mean with Chrysler? Doesn't Fiat own Ferrari, Maserati, Alfa Romeo and Lancia? You know to be honest with you but probably a good way to get some Chrysler models overseas to help overall sales.

[drunken monkey]

Originally Posted by BNaylor

Me too since I'm of Asian descent. Just pulling your leg DM.

Ahh... but I also fulfill the British quotient as well as tick the Hong Kong New Territories and Southern China boxes.
So nyeeeaaahhhh.

Originally Posted by BNaylor

Which one? You mean with Chrysler? Doesn't Fiat own Ferrari, Maserati, Alfa Romeo and Lancia? You know to be honest with you but probably a good way to get some Chrysler models overseas to help overall sales.

I was more thinking along the lines how your country's unions would view the merger and what potential issues may arise from the Italians regarding the unions.
I can see it being more beneficial for Fiat than Chrysler.

I guess we'd know more when more details of the merger come out.

[CL8]

Is anyone going to attend any of the Tea Partys being held around the U.S. on April 15th?