Considering how fast the value of stocks is dropping, you can't help but wonder whether some people are pulling out of the stock market to help out Barack Obama. If the economy continues acting the way its been until election day, there's a very good chance Obama will win. What's your opinion on this whole thing?
I think people stopped paying their mortgages to cause this whole problem to get Obama elected. You are really onto something OR this is one of the stupidest things posted on DP.
Ummmmmm.......I was talking about the stock market. Not the housing market. Maybe you should read the thread "carefully" before you post.
Please delete this thread! If you don't insane McCain will try to use this as part of his kitchen sink strategy! (it's not funny when it's true )
Relax man. I'm an Obama supporter. And I don't think it would be smart of McCain to that because it would give some people an idea that they never thought about.
I don't think people would stop paying their mortgages and move out in the street just to support Obama. However, people can 'easily" pull all their money out of the stock market and reinvest after the election is over. I wouldn't consider bailing out on your mortgage "equivalent" to bailing out on your stocks.
I assume the players in the stock market to be more or less rational beings, if there is profits to be made they will be there, if there are massive losses foreseen, they will head for the exit. Nothing to do with Obama or McCain.
I believe Bill Oreilly sort of suggested that tonight on his show. Some people consider Bill to be a really smart guy, but I guess everybody is entitled to their own opinion.
I don't usually believe there is any smart guy in the stock market, anyone will regress to the mean, it is just a matter of time.
This is the lowest its been since 1950 and the Dow keeps on going down significantly everyday! Is that considered "natural" downtime?
Well I do believe it is abnormal but not due to politics but due to the artificial manipulating of the economy for decades. The balloon is about to burst as a result and more money is still being bumped in. The explosion will be far more significant than normal and hence a much deeper and longer recession. I would just say that this is the result of Fed reliance on too much computer modeling and ignoring that there is something call standard deviation in the market or "risk".
Especially now. Everyone is placing orders and shitting themselves at the same time. Look at the 2 year VIX(volatility index): Intellect isn't what's driving this market. Just as it wasn't smarts or intellect that created the circumstances that lead to the bubble, intellect isn't that big of a factor in the collapse of the bubble.
With the exception that Cramer is still as confident as ever. Wonder did anyone chart his predictions and compare it to see how accurate he is
Cramer has to seem confident because the only thing he talks about on his show is going long by buying stocks. Anyone but the most seasoned pros should have been the fuck out of this market months ago. I knew this market was way over my head last december. But if there isn't hope in taking a long position in a stock then there's not a big reason to watch Cramer's show. That's unless he's going to be changing the subject a bit into broader personal finance. Or maybe he'll start talking about shorting and options trading.
The majority of the time, the players in the stock market are rational, however, they are driven by fear and greed like anyone else and we are in a period of extreme fear, which explains last two weeks.