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  #1 (permalink)  
Old October 23rd, 2012, 02:08 PM
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Default Stock Market Tanking

I mentioned a couple weeks ago that many companies had warned that their quarterly reports were going to be worse than expected - and it is showing up yesterday and today.

The Dow was down yesterday but closed almost even. Today it is down even harder, 224 points as I write.

If you recall the 2008 market - well pics are worth 1000 words:



When I look at this I am reminded of how often Obama blames Bush for the economic debacle. But what I saw was a loss in confidence in the incoming President more than fear of what happened under Bush.

I also have a real fear of what will happen if Obama is re-elected. The fear of many CEOs in this country is that Obama will tax their corporate profits and cut deductions. This will lead to unemployment going berserk.

The only one backing Obama strongly is Warren Buffet (because guess who cashes most of those Government checks? Walmart)
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Old October 23rd, 2012, 02:22 PM
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You're blaming the world wide economic downturn of 2008 on Obama? OMG seek help immediately.
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Old October 23rd, 2012, 02:57 PM
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I guess that I will to invest a few thousand dollars in more stock.

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Old October 23rd, 2012, 03:31 PM
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If you are so brilliant, explain why the stock market didnt STAY DOWN.
Its only higher now than when he was nominated.
Bush killed the economy, not Obama. And he timed it well for the end of his term to dump it on his successor.
End of spin.
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Old October 23rd, 2012, 07:52 PM
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The market has been overvalued for a while. Only a fool would think what is happening in Europe would have no impact on the US.

It is a global economy - get used to it. If there is a world-wide recession next year the US will tank with it. It won't matter who is President.
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Old October 23rd, 2012, 10:33 PM
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Quote:
Originally Posted by Trackypup View Post
You're blaming the world wide economic downturn of 2008 on Obama? OMG seek help immediately.
Don't get worked up w/whatever Paul says. He often says thinks just to stir us up. He will start a post like this or take an unpopular position to keep a conversation going. I usually only tap in on his cruise type posts, but sometimes I get suckered in like this time. Away from this board he couldn't be anything like he is here, otherwise he would be a very obnoxious person.

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Old October 23rd, 2012, 10:39 PM
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Originally Posted by OldFartCruiser View Post
. Away from this board he couldn't be anything like he is here, otherwise he would be a very obnoxious person.

O F C'er
I have never met Paul, but I certainly hope that you are correct.

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Old October 24th, 2012, 12:07 AM
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at the risk of getting banned I choose to reserve comment
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Old October 24th, 2012, 12:11 AM
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at the risk of getting banned I choose to reserve comment
If I get banned, life will still go on.

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Old October 24th, 2012, 08:34 AM
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I got out of the stock market two years ago and continue to stay out of it. I now have my investments in precious metals and have seen a very nice return on them. Also... they are not reportable...
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Old October 24th, 2012, 09:57 AM
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I re-read Paul's Post, and I don't see where he says that Obama is to blame for the world's problems.

I will not try to explain what he says, but would suggest you read it again.

Let me say something about the comments about Paul.

Paul is an extremely nice person, both on and off the boards. Those of us who know him, have no complaints.
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Old October 24th, 2012, 10:00 AM
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Quote:
Originally Posted by Luanne Russo View Post
I re-read Paul's Post, and I don't see where he says that Obama is to blame for the world's problems.

.
Not the world's problems, just the problems in the USA.

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Old October 24th, 2012, 12:34 PM
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Quote:
Originally Posted by Luanne Russo View Post
I re-read Paul's Post, and I don't see where he says that Obama is to blame for the world's problems.

I will not try to explain what he says, but would suggest you read it again.

Let me say something about the comments about Paul.

Paul is an extremely nice person, both on and off the boards. Those of us who know him, have no complaints.
Don't need to read it again. The US sank with the rest of the world starting in the Autumn of 2008. You can't just look at the US in that mess. It was a world wide recession which Paul seems to think Obama's nomination had something to do with.
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Old October 25th, 2012, 05:41 PM
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I always get upset about Warren Buffet saying he should be taxed at a higher rate rather than saying I'm going to give the government what I think should be taxed and
no legislation is required. What a two-faced American entrepreneurBuffett is and he sure doesn't believe in redistribution of wealth. Well the Obama administration will take care of him and his wealth . He should follow the example of a black woman who heads up the Pittsburgh school district. She has rejected for the second time in two years (20,000 each year) a total of $40,000 in raises. She earns 200,000 per year.
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Old October 26th, 2012, 12:00 AM
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Not close to the billionaire boyz club who say they shouldn't be allowed to buy the election, but as long as it is legal, they will try, and they are.
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Old October 26th, 2012, 07:08 AM
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Default Investing in timber better than precious metals I'm told

Quote:
Originally Posted by mehawk View Post
I got out of the stock market two years ago and continue to stay out of it. I now have my investments in precious metals and have seen a very nice return on them. Also... they are not reportable...
Like you I have seen metal's value grow, but supposedly timber investments are doing better.
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Old November 1st, 2012, 08:41 PM
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Quote:
Originally Posted by Paul Motter View Post
I mentioned a couple weeks ago that many companies had warned that their quarterly reports were going to be worse than expected - and it is showing up yesterday and today.

The Dow was down yesterday but closed almost even. Today it is down even harder, 224 points as I write.

If you recall the 2008 market - well pics are worth 1000 words:



When I look at this I am reminded of how often Obama blames Bush for the economic debacle. But what I saw was a loss in confidence in the incoming President more than fear of what happened under Bush.

I also have a real fear of what will happen if Obama is re-elected. The fear of many CEOs in this country is that Obama will tax their corporate profits and cut deductions. This will lead to unemployment going berserk.

The only one backing Obama strongly is Warren Buffet (because guess who cashes most of those Government checks? Walmart)
Paul this gives you the chance to make big bucks. I'm sure that a man of your caliber has done very well in these times.

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