Another 400+ points downt he drain...

[DOGS THAT BARK]

http://www.forbes.com/markets/2008/...con-cx_mp_1105markets32.html?feed=rss_markets

The U.S. private sector lost 157,000 jobs in October, according to Automatic Data Processing, provides payroll processing to many companies and uses its data to predict overall American employment statistics. The drop in payrolls was much wider than the 115,000 decline expected by economists and doesn't bode well for Friday's employment report from the government. The Labor Department's data--considered the most accurate measure--includes government jobs and typically shows deeper declines than the ADP National Employment report

ok if you think that that news caused 500 point slide--maybe you can explain how this "much worse)news from same paper--on 10-3-08 only caused 160 point slide--
3-Oct-08 10,483.96 10,844.69 10,261.75 10,325.38 6,716,120,000 10,325.38
2-Oct-08 10,825.54 10,843.10 10,368.08 10,482.85 6,285,640,000 10,482.85
:shrug:

US Sept payrolls fall 159,000, largest drop in 5 yrs; unemployment 6.1% UPDATE
10.03.08, 9:52 AM ET
http://www.forbes.com/afxnewslimited/feeds/afx/2008/10/03/afx5505666.html

 

[StevieD]

ok if you think that that news caused 500 point slide--maybe you can explain how this "much worse)news from same paper--on 10-3-08 only caused 160 point slide--
3-Oct-08 10,483.96 10,844.69 10,261.75 10,325.38 6,716,120,000 10,325.38
2-Oct-08 10,825.54 10,843.10 10,368.08 10,482.85 6,285,640,000 10,482.85
:shrug:

US Sept payrolls fall 159,000, largest drop in 5 yrs; unemployment 6.1% UPDATE
10.03.08, 9:52 AM ET
http://www.forbes.com/afxnewslimited/feeds/afx/2008/10/03/afx5505666.html

It was the job report along with the terrible retail reports. What do you think it was?

 

[gardenweasel]

this is gonna be a while lotta fun heading down the road a bit...

i guess people don`t get the fact that all these "stupid" rich folks who are supposedly gonna bear the tax burden for everyone else are scrambling(with a vengeance) as we speak to move their assets into off shore accounts and tax shelters...


that these businesses that are targeted to toe the line,are gonna be laying off and cutting the bottom line...and in some cases fleeing the country...

it`s gonna be fun with everybody riding in the wagon and nobody pulling...

 

[BobbyBlueChip]

ok if you think that that news caused 500 point slide--maybe you can explain how this "much worse)news from same paper--on 10-3-08 only caused 160 point slide--
3-Oct-08 10,483.96 10,844.69 10,261.75 10,325.38 6,716,120,000 10,325.38
2-Oct-08 10,825.54 10,843.10 10,368.08 10,482.85 6,285,640,000 10,482.85
:shrug:

US Sept payrolls fall 159,000, largest drop in 5 yrs; unemployment 6.1% UPDATE
10.03.08, 9:52 AM ET
http://www.forbes.com/afxnewslimited/feeds/afx/2008/10/03/afx5505666.html

Can you find what the expectation was on October 3rd and the activity for the week before?

 

[StevieD]

this is gonna be a while lotta fun heading down the road a bit...

i guess people don`t get the fact that all these "stupid" rich folks who are supposedly gonna bear the tax burden for everyone else are scrambling(with a vengeance) as we speak to move their assets into off shore accounts and tax shelters...


that these businesses that are targeted to toe the line,are gonna be laying off and cutting the bottom line...and in some cases fleeing the country...

it`s gonna be fun with everybody riding in the wagon and nobody pulling...

What is your excuse for the crash before Obama got elected?

 

[DOGS THAT BARK]

It was the job report along with the terrible retail reports. What do you think it was?

I don't Know Stevie but did you see what I meant by estimated reports--though bad was near as bad as actual report and market went up--Have seen many times stock will beat estimates but go down--its all expectation of what they think # will be relative to what it is.

Just because I think wednesday was feel day for investors does not make me right.

O and companies policies that they pass will not be refected on economical #'s (jobs-inflation etc) till late in 1st year or start of 2nd year--however anticipated results of changes they propose will affect stocks prices according to how investors think it will teak the economical #'s in the future.

I'll give him a clean slate starting out--and while I didn't hear his speach at 2:30 he must have done well because stocks had only moderate decine from high which is normal at end of day. So I'll give him good grade on 1st speech as he evidently did what he needed to do without any undo anxiety.

I'll try and keep market at a minimum here--as we can bounce from day to as market does.

Maybe we can have have some good threads on theories without involving politics directly like in mover and shaker forum.

--any way was nice to see market bounce back today considering dreadful #'s :toast:

 

[Master Capper]

Wayne,

You can spin things anyway you want, but the reality is that your man W was at the steering wheel when the economy tanked. Now if this same situation was transpiring in 2000 before W took the oath of office would you be signing the same praises for Clinton and blaming W for the collapse? Of course not, Wayne, you really need to be a true american and put away your anger to unite this country instead of constantly attacking the other side. We both know no matter who won McCain or Obama they had the deck stacked against them by the current regimes lack of fiscal care.

 

[Master Capper]

Scott,

Agree with you completely on the neocons and their trickle down economics.

 

[kosar]

--any way was nice to see market bounce back today considering dreadful #'s :toast:

Wayne, can you be serious?

You discount the possibility that the 'numbers' caused the bad two days. You blame it on Obama somehow. Without mentioning the last 6 months where i'm pretty sure Obama wasn't the President-elect?

Now that it goes up a little, you say this? Implying that, AHA, the numbers must really not be that dreadful!

Some of you guys are chasing your tails.

 

[THE KOD]

Wayne, can you be serious?

You discount the possibility that the 'numbers' caused the bad two days. You blame it on Obama somehow. Without mentioning the last 6 months where i'm pretty sure Obama wasn't the President-elect?

Now that it goes up a little, you say this? Implying that, AHA, the numbers must really not be that dreadful!

Some of you guys are chasing your tails.

..................................................................


it borders on hypocrisy

I think DTB is in a state of shock and disbelief

 

[kosar]

..................................................................


it borders on hypocrisy

I think DTB is in a state of shock and disbelief

It doesn't 'border' on it.

 

[DOGS THAT BARK]

Wayne, can you be serious?

You discount the possibility that the 'numbers' caused the bad two days. You blame it on Obama somehow. Without mentioning the last 6 months where i'm pretty sure Obama wasn't the President-elect?

Now that it goes up a little, you say this? Implying that, AHA, the numbers must really not be that dreadful!

Some of you guys are chasing your tails.

PLEASE --I have said about 3 times now 2nd day was no reflection of election results--


:mfpost

--appears I'm not only one that feels the finanacial world did not hold same views as --the hope-change base--

http://uk.reuters.com/article/usMktRpt/idUKN0748885920081107

NEW YORK, Nov 7 (Reuters) - U.S. stocks broke out of their
post-election funk on Friday, but on balance, the market hardly
delivered a ringing endorsement of Barack Obama's defeat of JohnMcCain to be elected 44th president of the United States.

--so for what ever reason Matt--Fact of the matter is -O goes down in record book for worst post election market loss --in history
Was expecting more from your "chosen one" :kiss:

 

[kosar]

PLEASE --I have said about 3 times now 2nd day was no reflection of election results--


:mfpost

--appears I'm not only one that feels the finanacial world did not hold same views as --the hope-change base--

http://uk.reuters.com/article/usMktRpt/idUKN0748885920081107

NEW YORK, Nov 7 (Reuters) - U.S. stocks broke out of their
post-election funk on Friday, but on balance, the market hardly
delivered a ringing endorsement of Barack Obama's defeat of JohnMcCain to be elected 44th president of the United States.

--so for what ever reason Matt--Fact of the matter is -O goes down in record book for worst post election market loss --in history
Was expecting more from your "chosen one" :kiss:

You busted out the 'Snakes on a Plane' paraphrased emoticon thingy on me. :mj07:

I've read the 'mother fucking thread.'

I've seen you point out that the market dropped on wednesday and that it was the largest % drop in history after an election.

What I haven't seen is any explanation as to why the market collapsed long before Barry was elected.

 

[smurphy]

I've read the 'mother fucking thread.'

:nono: This comes dangerously close to violating the new terms of service in the Politics area. FWIW TIA

 

[DOGS THAT BARK]

You busted out the 'Snakes on a Plane' paraphrased emoticon thingy on me. :mj07:

I've read the 'mother fucking thread.'

I've seen you point out that the market dropped on wednesday and that it was the largest % drop in history after an election.

What I haven't seen is any explanation as to why the market collapsed long before Barry was elected.

Ok Matt --my last words on this issue

it is my opinion that the financial market did not find the exuberence the next day that the O backers did--in fact quite the contrary--as far as the degree of drop "record drop" I think was not that relevant--because it was in time period where not unusual to have huge swings from day to day.

eg 500 point drop would be comparable to 100 point drop in other time periods.

 

[THE KOD]

eg 500 point drop would be comparable to 100 point drop in other time periods.

..............................................................


:142smilie

 

[rusty]

:mj07: :142smilie

Ok Matt --my last words on this issue

it is my opinion that the financial market did not find the exuberence the next day that the O backers did--in fact quite the contrary--as far as the degree of drop "record drop" I think was not that relevant--because it was in time period where not unusual to have huge swings from day to day.

eg 500 point drop would be comparable to 100 point drop in other time periods.

:mj07: :142smilie