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  1. #1
    SoonerFans.com Elite Member
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    Ouch. TaxCheat Timmuhs plan not getting a warm reception...

    Watching the stock tickers dropping like a rock.

  2. #2
    SoonerFans.com Elite Member
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    Re: Ouch. TaxCheat Timmuhs plan not getting a warm reception...

    US stocks fell sharply Tuesday, led by banks, as details of the government’s latest bank bailout plan trickled out.
    The Dow Jones Industrial Average was down about 70 points, then lost another 100 in a matter of minutes -- before even any official government announcement.

    Treasury Secretary Tim Geither will reveal the proposals to help banks at 11 am New York time, after a one-day delay. CNBC will interview Geithner after his speech, at noon. Then he's on to Capitol Hill, where he will testify before a House panel.

    Some market watchers remain skeptical over the benefits of the plan and legendary investor Jim Rogers told CNBC it could even make things worse. The bailout will plunge the US further into debt and it is designed by the same people who failed to forecast the crisis in the first place, Rogers said.
    http://www.cnbc.com/id/29119665

  3. #3
    SoonerFans.com Elite Member swardboy's Avatar
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    Re: Ouch. TaxCheat Timmuhs plan not getting a warm reception...

    -293.74 around noontime
    "I'm going to request that you stop posting in this thread." - circa 2008
    "Why does there have to be so much immature stuff on here?" - circa 2010

  4. #4
    SoonerFans.com Elite Member Dio's Avatar
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    Re: Ouch. TaxCheat Timmuhs plan not getting a warm reception...

    I'm seeing plenty of "Change", but where's the "Hope"?
    "ESPN and Texas are now one and the same." -Stewart Mandel

  5. #5
    .....Sooner! Boomer.....'s Avatar
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    Re: Ouch. TaxCheat Timmuhs plan not getting a warm reception...

    Dow: -349


  6. #6
    SoonerFans.com Elite Member Scott D's Avatar
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    Re: Ouch. TaxCheat Timmuhs plan not getting a warm reception...

    If the last year and a half has proven anything. If the media outlets ran with a story about how Puxotony Phil sneezed before coming out of that box, the Market would crash at least 150 points.
    "The mark of a great player is in his ability to come back. The great champions have all come back from defeat." - Sam Snead

  7. #7
    SoonerFans.com Elite Member
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    Re: Ouch. TaxCheat Timmuhs plan not getting a warm reception...

    interestingly, Obama set aside 500 Million for Groundhogs in the stimulus as well.

    ACORN really did a good job of getting the groundhog vote out last year.

  8. #8
    Sooner Starter
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    Re: Ouch. TaxCheat Timmuhs plan not getting a warm reception...

    Until a few weeks ago any market downfall was due to the Bush administration. Now it's anybody's fault but the current administration.

  9. #9
    SoonerFans.com Elite Member Scott D's Avatar
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    Re: Ouch. TaxCheat Timmuhs plan not getting a warm reception...

    To be fair, I didn't blame the market bottoming on Bush at any point. The Wall Street con game is far beyond the influence of whoever is in the White House.
    "The mark of a great player is in his ability to come back. The great champions have all come back from defeat." - Sam Snead

  10. #10
    SoonerFans.com Elite Member
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    Re: Ouch. TaxCheat Timmuhs plan not getting a warm reception...

    Quote Originally Posted by Condescending Sooner View Post
    Until a few weeks ago any market downfall was due to the Bush administration. Now it's anybody's fault but the current administration.
    Depends on who you ask. If you ask Tuba or 85, or someone like them, it always had to do with Obama getting elected, Obama nominating this person or that person, Obama sneezing, Obama lighting a cigarette, etc.

    Personally, I'll take, "It's waaaay more complex than that, folks."

  11. #11
    SoonerFans.com Elite Member 85Sooner's Avatar
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    Re: Ouch. TaxCheat Timmuhs plan not getting a warm reception...

    Quote Originally Posted by Vaevictis View Post
    Depends on who you ask. If you ask Tuba or 85, or someone like them, it always had to do with Obama getting elected, Obama nominating this person or that person, Obama sneezing, Obama lighting a cigarette, etc.

    Personally, I'll take, "It's waaaay more complex than that, folks."
    On the contrary, I think Bush did a terrible job during his second term on many fronts. At least give credit where credit is due.
    OBAMA= One Big A** Mistake America!

  12. #12
    SoonerFans.com Elite Member
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    Re: Ouch. TaxCheat Timmuhs plan not getting a warm reception...

    Quote Originally Posted by 85Sooner View Post
    On the contrary, I think Bush did a terrible job during his second term on many fronts. At least give credit where credit is due.
    Sorry, you conservatives all look alike.





  13. #13
    SoonerFans.com Elite Member OU4LIFE's Avatar
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    Re: Ouch. TaxCheat Timmuhs plan not getting a warm reception...

    so, you're saying that all of the drops and rises that come directly after big announcements...they don't have anything to DO with the announcements?

    interesting.

    I bet the people in Elkhart know why the market is tanking, they understand.
    I taste terrific.

  14. #14
    SoonerFans.com Elite Member
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    Re: Ouch. TaxCheat Timmuhs plan not getting a warm reception...

    Quote Originally Posted by OU4LIFE View Post
    so, you're saying that all of the drops and rises that come directly after big announcements...they don't have anything to DO with the announcements?

    interesting.
    I'm saying that just because something occurs after an event isn't enough to show that it occurred because of an event.

    I chose to eat a Snickers bar today instead of a Hershey bar. Hershey's price immediately dropped $0.20 a share. CLEARLY THERE'S A RELATIONSHIP!

  15. #15
    SoonerFans.com Elite Member OU4LIFE's Avatar
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    Re: Ouch. TaxCheat Timmuhs plan not getting a warm reception...

    Clearly, you aren't from Elkhart.
    I taste terrific.

  16. #16
    SoonerFans.com Elite Member
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    Re: Ouch. TaxCheat Timmuhs plan not getting a warm reception...

    Example: http://online.wsj.com/article/SB1234...ml?mod=testMod

    Read that article, and consider the differing opinions.

    Is it that there's something wrong with the plan, is it that traders are nervous because they don't have enough details, or is it that traders had unrealistic expectations about what could be accomplished and they're just now realizing it?

    Who the hell knows?

  17. #17
    SoonerFans.com Elite Member OU4LIFE's Avatar
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    Re: Ouch. TaxCheat Timmuhs plan not getting a warm reception...

    I get it, I'm just saying that historically speaking, when the market moves up or down directly after a big announcement, doesn't that have at least something to do with it? I'm mean, 50 years of it can't all be coincidence.
    I taste terrific.

  18. #18
    SoonerFans.com Elite Member Scott D's Avatar
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    Re: Ouch. TaxCheat Timmuhs plan not getting a warm reception...

    personally I blame all major drops in the market on someone not getting another hole in one.
    "The mark of a great player is in his ability to come back. The great champions have all come back from defeat." - Sam Snead

  19. #19
    SoonerFans.com Elite Member
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    Re: Ouch. TaxCheat Timmuhs plan not getting a warm reception...

    Quote Originally Posted by OU4LIFE View Post
    I get it, I'm just saying that historically speaking, when the market moves up or down directly after a big announcement, doesn't that have at least something to do with it? I'm mean, 50 years of it can't all be coincidence.
    Oh, I expect that it has something to do with it.

    Mostly, I'm just being a pain in the *** because Tuba is constantly running around making post hoc arguments and claiming that they're ironclad proof.

  20. #20
    SoonerFans.com Elite Member OU4LIFE's Avatar
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    Re: Ouch. TaxCheat Timmuhs plan not getting a warm reception...

    what he said.
    I taste terrific.

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