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Author Topic: Senate passes stimulus package  (Read 430 times)

shootfighter1

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Senate passes stimulus package
« on: February 10, 2009, 10:11:59 AM »
...and the market drops over 300pts (so far) with that info and Geithner's speech.  So much for sparking confidence.
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240 is Back

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Re: Senate passes stimulus package
« Reply #1 on: February 10, 2009, 10:15:52 AM »
if you blame the 300 drop on him today, does he get credit when it rebounds tomorrow?

I remember everyone melting when dow dropped, blamed obama.  then they came back, and those same folks didn't mention it again.
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The Coach

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Re: Senate passes stimulus package
« Reply #2 on: February 10, 2009, 10:19:38 AM »
Quote from: 240 is Back on February 10, 2009, 10:15:52 AM
if you blame the 300 drop on him today, does he get credit when it rebounds tomorrow?

I remember everyone melting when dow dropped, blamed obama.  then they came back, and those same folks didn't mention it again.

It's below 8000. Sure, we'll give credit if it rebounds to 8100. Yeah :(

Remember when the market was up over 14000 not too long ago?
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240 is Back

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Re: Senate passes stimulus package
« Reply #3 on: February 10, 2009, 10:26:58 AM »
Quote from: The Coach on February 10, 2009, 10:19:38 AM
It's below 8000. Sure, we'll give credit if it rebounds to 8100. Yeah :(

Remember when the market was up over 14000 not too long ago?

It was about 8000 or 8500 when Bush left office, right?

Clinton grew it from 3000 to 10,000.
Bush shrunk it from 10,000 to well under 9,000.

Obama gets it at 8,000. 

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The Coach

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Re: Senate passes stimulus package
« Reply #4 on: February 10, 2009, 10:30:37 AM »
Quote from: 240 is Back on February 10, 2009, 10:26:58 AM
It was about 8000 or 8500 when Bush left office, right?

Clinton grew it from 3000 to 10,000.
Bush shrunk it from 10,000 to well under 9,000.

Obama gets it at 8,000. 



Did you forget about that little incedent called 9/11?
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240 is Back

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Re: Senate passes stimulus package
« Reply #5 on: February 10, 2009, 10:33:21 AM »
Quote from: The Coach on February 10, 2009, 10:30:37 AM
Did you forget about that little incedent called 9/11?

You mean the incident Bush was given details about 6 weeks before, and still allowed to happen?  ;)

I didn't know the trillions we spent in iraq had anything to do with 911 either.


Look, Bush gave a lot of our $ to war machine.  Plain and simple.  Obama's taking it back.  it's that simple.
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shootfighter1

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Re: Senate passes stimulus package
« Reply #6 on: February 10, 2009, 10:38:49 AM »
Of course the market has fast and slow responces.  This is likely a quick reaction to the news as the drop happened just within hours of the news.
Yes, the numbers will bounce around a bunch, but its likely that the market had some initial reaction to the news today.
IMO, it tells us that the private financial sector is not very encouraged by whats going on.  One thing we have learned in all this is the financial sector at least partially works on confidence (or lack of confidence).
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shootfighter1

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Re: Senate passes stimulus package
« Reply #7 on: February 10, 2009, 11:31:53 AM »
FYI market is down 365 pts now.  It typically doesn't fall that much in a day unless there is a knee jerk reaction to something...
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