Yawn. The stock market falls at the beginning of every fourth quarter and rises before bonuses are awarded. It has almost nothing to do with politics. (Ask Bill Clinton.)
There were actual things – policies, stripping of proven regulations – which led to the crisis. They deserve blame (since nobody’s going to imprison them). The vagaries of the Stock market is nothing more than a gambling club that contributes nothing to the country.
It’s going back up a little today. I always find it interesting that every drop is ’tragedy" and panic, while an equal rise the next day, or the next week, is ignored by the media.
Wall street is the only legal form of gambling one can do on their phone and computer from home. No one wants to invest in a company and leave the money there to collect dividends. Its one of many factors making businesses uncertain, its not just the government, but…the government is definately a BIG part of the problem.Respectfully,C.
The market goes up, the market goes down. Youse pays your money and youse takes your chances. The DOW has frequently gone down the day after an election. Also markets frequently go down the first two years of a presidential term. The theory being that presidents get the bad news out the first two years and then stimulate the last two years in preparation for the next election.
Odon Premium Member over 11 years ago
Steve forgets the Bull. Collective amnesia on the right.
Chillbilly over 11 years ago
Yawn. The stock market falls at the beginning of every fourth quarter and rises before bonuses are awarded. It has almost nothing to do with politics. (Ask Bill Clinton.)
cdward over 11 years ago
There were actual things – policies, stripping of proven regulations – which led to the crisis. They deserve blame (since nobody’s going to imprison them). The vagaries of the Stock market is nothing more than a gambling club that contributes nothing to the country.
Dtroutma over 11 years ago
It’s going back up a little today. I always find it interesting that every drop is ’tragedy" and panic, while an equal rise the next day, or the next week, is ignored by the media.
dannysixpack over 11 years ago
the market is more than double what it was at the beginning of the obama presidency. let’s hope it does the same the next four years.
chazandru over 11 years ago
Wall street is the only legal form of gambling one can do on their phone and computer from home. No one wants to invest in a company and leave the money there to collect dividends. Its one of many factors making businesses uncertain, its not just the government, but…the government is definately a BIG part of the problem.Respectfully,C.
Gypsy8 over 11 years ago
The market goes up, the market goes down. Youse pays your money and youse takes your chances. The DOW has frequently gone down the day after an election. Also markets frequently go down the first two years of a presidential term. The theory being that presidents get the bad news out the first two years and then stimulate the last two years in preparation for the next election.