http://online.wsj.com/article/SB120649226977964203.html?mod=hpp_us_pageone
The Wall Street Journal Reports: "The stock market is trading right where it was nine years ago. Stocks, long touted as the best investment for the long term, have been one of the worst investments over the nine-year period, trounced even by lowly Treasury bonds."
You can’t present facts and reason to emotionally-unglued people. The track record and the numbers speak for themselves. But even in the face of a mountain of evidence, the hardcore red-state partisan isn’t going to read past the first three words before the reasoning centers in their brains go stone cold and their emotional ideology kicks in.
http://www.academycomputerservice.com/economics/charts.htm
The Wall Street Journal Reports: "The stock market is trading right where it was nine years ago. Stocks, long touted as the best investment for the long term, have been one of the worst investments over the nine-year period, trounced even by lowly Treasury bonds."
You can’t present facts and reason to emotionally-unglued people. The track record and the numbers speak for themselves. But even in the face of a mountain of evidence, the hardcore red-state partisan isn’t going to read past the first three words before the reasoning centers in their brains go stone cold and their emotional ideology kicks in.
http://www.academycomputerservice.com/economics/charts.htm
chris h 5:02 pm on April 24, 2010
Ha Ha Ha ‘You can’t present facts and reason to emotionally-unglued people’
judging by the posts I see here, i clearly don’t know much about economics….however I do know how my investments have performed and who is in charge.
I also see a lot of similarities to today’s situation and the Nixon Years. an unfunded war (look up the guns or butter economic theory), unstable oil (look up Arab oil embargo of 1973), and something new called stagflation. A reasonable person with any non skewed view of history would lay this squarely at the feet of Pres Bush and the GOP. I think if you look at the polls that is exactly what the american people are doing.
abe frohman 5:02 pm on April 24, 2010
For the love of pete, pick up an economics book.
Hmmmmm…..Fundamentals.
Stock Fundamentals
A big problem for the market right now is what analysts call stock fundamentals. Strong corporate-profit gains and low inflation have supported stocks since 2002, but they are becoming harder to sustain.
In a typical year, Prof. Sylla says, corporate profits run at about 5% or 6% of total economic output, after tax. In 2006, that number was 9%, a record. Historically, this number tends to revert to the mean, suggesting that profits now could weaken. "Profits may fall to 3% or 4%" of economic output, Prof. Sylla says.
Spending by ordinary people could have an effect on those profits. Consumer borrowing and spending kept the economy afloat after the stock bubble popped in 2000. Emboldened by high home values, people borrowed at levels rarely seen, pushing down the national savings rate to zero.
That’s what worries Prof. Shiller. After studying the housing market, he sees home values continuing to weaken for years. He expects consumers to borrow and spend less, and to rebuild their savings.
A consumer pullback would hold back economic growth and corporate profits, putting a damper on U.S. stock gains and giving investors an incentive to continue putting money into commodities or stocks in Brazil, Russia, India and China. Baby boomers concerned about retirement income could look for safer investments with guaranteed returns, such as Treasury bonds and bond-like products offered by mutual-fund companies"
Bob H 5:02 pm on April 24, 2010
What a shock. They’re lucky there IS a stock market.
Don Imus is my Idol !!! 5:02 pm on April 24, 2010
actually the stock market is higher than when Clinton was President……and much higher when Republicans had control of this 19.5 percent approval dem-led congress…Google and learn my friend…..
captainobvious_lj 5:02 pm on April 24, 2010
I thought you libs complained bush was for the rich… now he hates the rich by destroying the stock market… common sense and economics are strongs suits for you huh?
Now lets look at someone who actually has done something that can effect the markets.
New York’s Chuck Schumer (D-Blabbermouth) leaks to the press a letter he wrote demagoguing bank regulators and singling out IndyMac’s financial instability.
Schumer sent letters to the Office of Thrift Supervision, the Federal Deposit Insurance Corp. and the Federal Home Loan Bank of San Francisco, saying he was “concerned that IndyMac’s financial deterioration poses significant risks to both taxpayers and borrowers.”
IndyMac, which has suffered huge losses on defaulted mortgage loans, “could face a failure if prescriptive measures are not taken quickly,” Schumer wrote.
Uh, wait a minute — how could Schumer know that? And since when are regulators supposed to tell the public in advance that a particular institution has been earmarked for failure? All that would do is guarantee a collapse. If depositors are within FDIC insurance limits they have nothing to worry about, anyway…
…John D. Hawke, the U.S. comptroller of the currency (regulator of national banks) from 1998 to 2004, had more pointed words for Schumer in a story in the American Banker newspaper today.
“If Schumer continues to go public with letters raising questions about the condition of individual institutions, he will cause havoc in the banking system,” Hawke said.
“Leaking his IndyMac letter to the press was reckless and grossly irresponsible. I don’t see how he can be trusted with confidential information in the future. What this incredibly stupid conduct does is put at risk the willingness of regulators to share any information with the [congressional] oversight committees. After this, you’d be crazy to share information with Schumer.”
Democrat leadership: Not to be trusted with confidential information.
When Chuckie talks, markets balk.
andy 5:02 pm on April 24, 2010
It falls back to the loosening of credit for high risk people that is causing the current "Perfect Storm" in the economy. It is more the fault of the late 80’s Congress which was Democrat at the time.
oohhbother 5:02 pm on April 24, 2010
Deregulation ruined the stock market.
- the lower MPG regulations were put off for later
- the regulation and oversight of mortgages were weakened or removed.
- the regulation and oversight of commodities and energy trading were removed and then those deregulations propagated to foreign trading floors.
Of course the constant din of tainted food, medications, and consumer products isn’t helping either.
a perfect storm. Do you think we have seen the last?
Becca 5:02 pm on April 24, 2010
OK Blame Bush…………every other liberal does!! After all he is the cause of Katrina and any other ills you may have.
P.S. The stock market was doing Great until the Dem’s took control of Congress!!!!!!!
Usually the stocks do very well in an election year and under rep. control. It has declined to the level in the article just recently.
enron caused the high oil prices 5:02 pm on April 24, 2010
lol Bush the Next Herbet Hoover
People are reading:
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