Dow hits lowest level in 12 years
Nasdq lowest since 2003
Showing posts with label Dow Sinks. Show all posts
Showing posts with label Dow Sinks. Show all posts
Thursday, March 05, 2009
Wednesday, March 04, 2009
The stock market right now is a better barometer of Americans’ wealth than the president and his press secretary seem to realize,
White House Press Secretary Robert Gibbs on Tuesday pushed back against Cramer’s comments that President Obama has caused “the greatest wealth destruction I have seen by a president.”
“I’m not sure what he’s pointing to, to make some of the statements,” Gibbs told reporters, adding that Mad Money is geared toward a small audience while Obama has to help the entire country.
Cramer in response pointed to the Dow Jones Industrial Average, the S&P 500, Nasdaq and the Russell Index, all of which are down huge since Inauguration Day. And the only small thing about the MadMo audience, he said, is its 401(k)s, pension plans and annuities after the damage Obama’s proposed spending plans have caused the markets.
The stock market right now is a better barometer of Americans’ wealth than the president and his press secretary seem to realize, Cramer said. And while Obama said he’s focused on Main Street rather than Wall Street, he needs to realize the two are merging. Everyday people today have a tremendous amount of exposure to stocks and the declining markets.
President Obama even went so far as to say that right now was a good time to buy stocks.
“I’m not sure what he’s pointing to, to make some of the statements,” Gibbs told reporters, adding that Mad Money is geared toward a small audience while Obama has to help the entire country.
Cramer in response pointed to the Dow Jones Industrial Average, the S&P 500, Nasdaq and the Russell Index, all of which are down huge since Inauguration Day. And the only small thing about the MadMo audience, he said, is its 401(k)s, pension plans and annuities after the damage Obama’s proposed spending plans have caused the markets.
The stock market right now is a better barometer of Americans’ wealth than the president and his press secretary seem to realize, Cramer said. And while Obama said he’s focused on Main Street rather than Wall Street, he needs to realize the two are merging. Everyday people today have a tremendous amount of exposure to stocks and the declining markets.
President Obama even went so far as to say that right now was a good time to buy stocks.
Tuesday, March 03, 2009
Dow Jones Industrial Average Keeps Sinking
Dow continues to plummet on "stimulus package" .
Markets don't like socialism
Tuesday, February 10, 2009
"Stimulus" Passed Dow sinks!
Apparently bringing home the bacon is not as simulative as once believed. The “stimulus” package gets passed and the DOW is down 382 points. I mean hey lets face it if you destroy the capital markets then people will become ever more dependent on big government for security.
Friday, November 14, 2008
“no reason to buy is reason enough to buy”
Treasury Secretary Paulson always good for 100 points to the down side on the DOW once again made a failed attempt to reassure markets that someone in Washington actually knows what they are doing, but alas the markets weren’t buying. Students of market physiology would suggest that “no reason to buy is reason enough to buy” so perhaps an over sold condition coupled exhausted sellers may produce a reflex rally at this juncture. There are 4 ways in my view to play this: 1) the long term short ie... investing in the decline of the market thru indexes 2) Investing in quality stocks and bonds that pay excessive dividends and interest hoping to out last the return of the “Carter administration” 3) the market will from time to time offer unusual high risk trading opportunities due to excessive volitility and 4) safety would suggest that unless you have at lest a 4 year horizon best to allocate more money to cash
Sometimes market events are bigger than any of us. The stock market has gone through a period of major turmoil and in the trailing 12 months has the S&P 500 down a sizable 37.47%. There have been major dislocations in the economy especially in finance and banking. A complete crisis of confidence has griped both the government and private sectors. The bond market, mortgage market and commercial paper market have frozen. Even money markets have broken the buck and banks have failed. Large government initiatives have been needed and shot gun weddings have been manufactured to prop up the ailing bank and brokerage sectors. The worse financial crisis since the 1930’s has left little growth in any type of investments.
Sometimes market events are bigger than any of us. The stock market has gone through a period of major turmoil and in the trailing 12 months has the S&P 500 down a sizable 37.47%. There have been major dislocations in the economy especially in finance and banking. A complete crisis of confidence has griped both the government and private sectors. The bond market, mortgage market and commercial paper market have frozen. Even money markets have broken the buck and banks have failed. Large government initiatives have been needed and shot gun weddings have been manufactured to prop up the ailing bank and brokerage sectors. The worse financial crisis since the 1930’s has left little growth in any type of investments.
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