85Sooner
3/7/2009, 11:34 AM
This is no way meant to be a political thread (although it contains political actions) about what is right or what is wrong it is simply a question regarding what we are seeing in the market given the current environment.
Here is my evaluation of the MARKET not OBAMA. As we all know the market was overpriced for a very long time.
IMO Bush neglected his duty at the beginning of his second term when he should haveused the bully pulpit to attack the actions within freddie mac and fannie mae.
None the less he didn't. Folks got tired of Republican spending and turned the congress over to the democrats in 2006. (IMO, the democratic leadership started their plans to make sure that they were in position to take the whitehouse in 2008.)
Again it may be wrong and it may be right however we KNOW for a fact that Dodd and Frank knew of the problems with these two organizations back in 2005 and again IMO it was not a factor of of normal market reactions but more of an orchestrated, calculated plan to allow the damage to be revealed in its full extent before the election.
Again, I could be wrong but the chronology works.
Obama campaigned on Change.
He was going to be transparent.
He was not going to employ lobbyists in his cabinet.
He was going to go through the budget line by line.
The markets had gone through a big drop in Oct/Nov but had a bump in Dec. Since Obama was elected or more importantly his "stimulas was signed" the market has been in freefall.
This IMO was and is still caused by his and his cabinet members lack of going public with specifics with regard to what is going on combined with not knowing where the money is going. Each time they go to speak, expectations for an explanation are not met and the markets take another tumble.
I think alot of people feel that no matter how much money is pumped into AIG, GM, and the banks it is not going to work. Investors are waiting for definites before they get back in.
Clearly, The President has not been transparent, has lobbyists all around him and has not fulfilled his promise to cut the budget. His words do not match his actions His/the congress spending is so huge that even the experts can't grasp the situation.
The President has financially supported Palestine while being controlled by Hamas.
He has snubbed the leaders of Britan.
He has secretly tried to negotiate and was snubbed by Russia.
He has indicated that he wants talks with Iran who is snubbing the Hollywood
constituancy and they expect them to apologize for the way Arabs are portrayed in movies
IMO The uncertainty with the market combined with the uncertainty created with the global policy actions will keep the market in this slump until the actual bankruptcies actually occur.
Without regard for how we got here, would it be best served to sit on a cash position until this happens rather than risk life savings to try to recover losses in such a volatile market.
I think about thirty days after these banruptcies occur will be a reasonable time to get back in. I don't see any evidence that a huge rebound is coming it would be better to buy in on the way back up rather than on the bottom or whereever you think the bottom is.
Am I wrong? Any thoughts?
Here is my evaluation of the MARKET not OBAMA. As we all know the market was overpriced for a very long time.
IMO Bush neglected his duty at the beginning of his second term when he should haveused the bully pulpit to attack the actions within freddie mac and fannie mae.
None the less he didn't. Folks got tired of Republican spending and turned the congress over to the democrats in 2006. (IMO, the democratic leadership started their plans to make sure that they were in position to take the whitehouse in 2008.)
Again it may be wrong and it may be right however we KNOW for a fact that Dodd and Frank knew of the problems with these two organizations back in 2005 and again IMO it was not a factor of of normal market reactions but more of an orchestrated, calculated plan to allow the damage to be revealed in its full extent before the election.
Again, I could be wrong but the chronology works.
Obama campaigned on Change.
He was going to be transparent.
He was not going to employ lobbyists in his cabinet.
He was going to go through the budget line by line.
The markets had gone through a big drop in Oct/Nov but had a bump in Dec. Since Obama was elected or more importantly his "stimulas was signed" the market has been in freefall.
This IMO was and is still caused by his and his cabinet members lack of going public with specifics with regard to what is going on combined with not knowing where the money is going. Each time they go to speak, expectations for an explanation are not met and the markets take another tumble.
I think alot of people feel that no matter how much money is pumped into AIG, GM, and the banks it is not going to work. Investors are waiting for definites before they get back in.
Clearly, The President has not been transparent, has lobbyists all around him and has not fulfilled his promise to cut the budget. His words do not match his actions His/the congress spending is so huge that even the experts can't grasp the situation.
The President has financially supported Palestine while being controlled by Hamas.
He has snubbed the leaders of Britan.
He has secretly tried to negotiate and was snubbed by Russia.
He has indicated that he wants talks with Iran who is snubbing the Hollywood
constituancy and they expect them to apologize for the way Arabs are portrayed in movies
IMO The uncertainty with the market combined with the uncertainty created with the global policy actions will keep the market in this slump until the actual bankruptcies actually occur.
Without regard for how we got here, would it be best served to sit on a cash position until this happens rather than risk life savings to try to recover losses in such a volatile market.
I think about thirty days after these banruptcies occur will be a reasonable time to get back in. I don't see any evidence that a huge rebound is coming it would be better to buy in on the way back up rather than on the bottom or whereever you think the bottom is.
Am I wrong? Any thoughts?