baba booey

Neil Cavuto yesterday tried blaming the drop in the DOW on news of Obama picking Rahm Emanuel for Chief of Staff. His reasoning was that he is divisive!

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"...he's become the running back version of Troy Brown, the undersized, underestimated guy who never fails to deliver a huge play when the moment demands it." - Chad Finn on Kevin Faulk

shmessy

I tell all my clients that I have no idea what the market will do over the next 10 minutes, let alone the next year.

Your statement earlier about selection and timeframe was right on. Folks with 10+ years before they need access to the bulk of an account should ride out the ups and downs (and rebalance their portfolios). Those within 10 years of needing the bulk of the money should be more conservative with more of an allocation with bonds, cds, etc. along with their stocks.

The dangerously idiotic crap in this thread about day by day judgements from the stock market used to be the kind of stuff spouted by the folks who are now giving up and going to financial advisors.

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"They (Patriots) may be the greatest team ever" - Chris Mortenson, January 18, 2005 on espn.com

reflexblue

WOW to think Faux news would say something like that. Just beyond SHOCKING.

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S.H.E.S.
I Likes Spikes.

godef

That makes you part of this country's problem.

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See you at Super Bowl XLVI!

wistahpatsfan

It had something to do with it, but it wasn't caused by Obama. Only an absolute moron would title a thread: "President elect Hussein causes Biggest post election stock market drop EVER!". Only an idiot clings to the neo-con mythology that Obama's a Muslim. Only someone with the mentality of a five year-old refers to him by only his middle name as if the rest of us might think that means he is an Arab or behaves like Saddam Hussein. Only a mouth-breathing knuckle-dragger would blame Obama for a one-day drop in the stock market, when the market's been as volatile as nitro-glycerine since September.

Not calling you an idiotic, childish, mouth-breathing knucle-dragger or anything. Just saying that someone who would do those things would be...not you...someone else.

Wildo7

I'm sure his is also Obama's fault......

Stocks extend decline as economic woes mount: Financial News - Yahoo! Finance

Stocks extend decline as economic woes mount
Thursday November 6, 12:26 pm ET
By Tim Paradis, AP Business Writer
Wall Street extends decline as Cisco comments, retailers' sales add to recession worries

NEW YORK (AP) -- Wall Street recoiled again Thursday, sending stocks lower for a second day after Cisco Systems Inc. reported slumping demand and retailers turned in generally weak sales for October. Concerns about widespread economic weakness sent the major stock indexes down more than 2.5 percent, including the Dow Jones industrial average, which tumbled 300 points.

Comments from Cisco that it saw a steep drop in orders in October and reports from retailers that consumers are skipping trips to the mall provided fresh evidence of the economy's struggles. While Wal-Mart Stores Inc. benefited from bargain-seekers, some specialty retailers posted big drops in monthly sales.

Adding to investors' list of worries, the Labor Department said the number of people continuing to draw unemployment benefits jumped to a 25-year high, increasing by 122,000 to 3.84 million in late October. It marked the highest level since late February 1983, when the economy was being buffeted by a protracted recession.

While new claims for unemployment benefits dipped by 4,000 to a seasonally adjusted level of 481,000 last week, the levels remain elevated. The findings added to the market's unease ahead of Friday's October employment report, a widely watched barometer of the economy's health

PatriotsReign

If you only understood the markets and economics, you we could have an intelligent conversation about this....oh well

PatriotsReign

Look everyone, it's the guy who knows nothing about economics telling us we're morons

C'mon Ted, get a grip! Stick with the stuff you understand. There's an old saying that goes something like this;

"It is better to remain silent and be thougtht a fool than to open one's mouth (or keyboard) and remove all doubt"

NEPatriot

Don't be disrespectful by calling me a kid because i'm not. I'll see what your 17 years will do to this nation and clients. Not much is my final answer.

PatriotsReign

Wildo, have we not been discussing how it is likely we are in the beginning of an extensive recession? We've even had many discussion on the possibility that we may even approach "Depression" in the coming months and years.

So here we have facts we've KNOWN for months, but the day after Obama gets elected, Teddy Boy wants to blame him as if this just happened.

To me, this is the most ridiculous post I've read since joining this board last February...what a joke!

Should we pull up all the old "economics" threads and show Ted how we've known this was already happening? I think it would be a waste because all Ted is trying to do is get back at all those who have blamed George W for the past few years.