Thread: Stocks Rise on Bets of More Stimulus

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  1. #21  
    Join Date
    May 2008
    Quote Originally Posted by Articulate_Ape View Post
    I have been in cash and gold for some time in anticipation of a stock market crash which seems almost inevitable to me given the fundamentals. It looks like the downward spiral is underway since the debt ceiling dog and pony show didn't fool anyone with a shred of sense. Things are going to get a whole lot worse before they get better - if they ever do. Obama is an absolute calamity for this nation.
    I agree. We might not go into a recession but the economy is going to muddle along at best because of the administration's stupidity. Between regulations, health care costs and putting the brakes on drilling, we will never create the 300 to 400 thousand jobs per month needed to dig us out of this mess.

    QE 3 is the only bullet the morons in the W.H. have. Dow down 512 points today. Not looking good.
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  2. #22  
    Senior Ape Articulate_Ape's Avatar
    Join Date
    Jan 2010
    NJ, Exit Only
    The problem is that damage done is already factored into the market, SLW. Given that almost all indications are that the debt problem is going to get worse in the near term (and long term without drastic spending cuts), there really is nowhere to go but down. Obama & Co. have no jobs plan beyond spending more money that we don't have. The ONLY thing that will spur job growth is for the government to get the hell out of the way of business (i.e. remove the massive regulatory burdens). That is never going to happen so long as Obama is president and the Senate has a Dem majority.

    I know that is a very cynical outlook, but if you examine the situation objectively, you will see that it is a very realistic outlook. We need a Marco Rubio to run for POTUS. I really wish he would.
    "Reality is merely an illusion, albeit a very persistent one." ~ Albert Einstein
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  3. #23  
    SEAduced SuperMod Hawkgirl's Avatar
    Join Date
    Sep 2008
    South Florida
    The futures are also 17 so far..:(
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