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famousdayandyear

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« on: October 09, 2013, 08:59:35 AM »

Offline Relic

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« Reply #1 on: October 09, 2013, 09:18:29 AM »
This is significant. The American public is stupid, and doesn't know exactly what's going on, but they don't like the negativity. It appears that even some of Obama's core supporters in the 47% are tying the negativity to Obama.

Offline olde north church

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« Reply #2 on: October 09, 2013, 09:30:50 AM »
This report and a buck and a half ...
Why?  Well, because I'm a bastard, that's why.

Online DCPatriot

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« Reply #3 on: October 09, 2013, 09:34:33 AM »
One of my talk radio hosts....it could have been Rush Limbaugh...has a tape of Chris Matthews on the day that George W. Bush's approval ratings tanked to 36%.

Literally, every few minutes that day, Wolf Blitzer treated the news like he would have been covering the recent Navy Yard Masscre....announcing that "Today....President GWB's approval ratings have sunk to a new low....36%!)

It was more than a minute long.....edited and pasted together...and they never used the same one twice.\

edited to add....Rush played it today right our of the gate.
« Last Edit: October 09, 2013, 02:40:17 PM by DCPatriot »
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Online mystery-ak

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« Reply #4 on: October 09, 2013, 09:37:57 AM »

Support the USO

Offline happyg

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« Reply #5 on: October 09, 2013, 09:59:47 AM »
Some that blame republicans for the shutdown are not against the republicans, but think they are doing the right thing concerning Obamacare and the debt limit. It's how the questions are presented.

Offline sinkspur

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« Reply #6 on: October 09, 2013, 10:04:37 AM »
Some that blame republicans for the shutdown are not against the republicans, but think they are doing the right thing concerning Obamacare and the debt limit. It's how the questions are presented.

The Republicans may get the result they want (some concessions on spending and tax reform in return for raising the debt ceiling), but they'll still take a big hit.  The gap is not as wide as 1995, when the GOP was blamed 27 points more than Clinton, but there's little question who initiated this.

Everybody happy that the stock market's lost 6% in value since Ted Cruz's little speech?  How are those 401K's looking?
Roy Moore's "spiritual warfare" is driving past a junior high without stopping.

Offline olde north church

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« Reply #7 on: October 09, 2013, 10:54:27 AM »
Tea Party at the gates!
Why?  Well, because I'm a bastard, that's why.

Offline Atomic Cow

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« Reply #8 on: October 09, 2013, 01:10:59 PM »
Yes sink, we know that your 401k is the only thing which really matters.
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Online massadvj

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« Reply #9 on: October 09, 2013, 01:22:36 PM »
The Republicans may get the result they want (some concessions on spending and tax reform in return for raising the debt ceiling), but they'll still take a big hit.  The gap is not as wide as 1995, when the GOP was blamed 27 points more than Clinton, but there's little question who initiated this.

Everybody happy that the stock market's lost 6% in value since Ted Cruz's little speech?  How are those 401K's looking?

Any financial market that is wholly dependent on the federal government to prop up in order to be functional is one I'd be very, very wary of.  Since 2008 around $2 trillion has been invested elsewhere because people know the US financial markets are not free markets.  They are almost entirely dependent on federal policy.

So long as government borrows and regulates, this problem will get worse.  It's far better to cleanse these markets of their systemic corruption NOW than to suffer even more severe consequences later.  If the GOP wins this, and there is fundamental change in favor of less regulation and spending, the markets will respond very favorably, just as they did to the sequester.

The market isn't yearning for more government spending and Obamacare, as you and OPapaDoc seem to believe.  The market is speculating that the GOP is not likely to win.
"She only coughs when she lies."

Offline sinkspur

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« Reply #10 on: October 09, 2013, 01:27:29 PM »
Yes sink, we know that your 401k is the only thing which really matters.

Your 401K ought to matter to you, if you have one. 
Roy Moore's "spiritual warfare" is driving past a junior high without stopping.

Offline sinkspur

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« Reply #11 on: October 09, 2013, 01:30:00 PM »
Any financial market that is wholly dependent on the federal government to prop up in order to be functional is one I'd be very, very wary of.  Since 2008 around $2 trillion has been invested elsewhere because people know the US financial markets are not free markets.  They are almost entirely dependent on federal policy.

So long as government borrows and regulates, this problem will get worse.  It's far better to cleanse these markets of their systemic corruption NOW than to suffer even more severe consequences later.  If the GOP wins this, and there is fundamental change in favor of less regulation and spending, the markets will respond very favorably, just as they did to the sequester.

The market isn't yearning for more government spending and Obamacare, as you and OPapaDoc seem to believe.  The market is speculating that the GOP is not likely to win.

The market is reacting to uncertainty. 
Roy Moore's "spiritual warfare" is driving past a junior high without stopping.

Online massadvj

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« Reply #12 on: October 09, 2013, 01:49:59 PM »
The market is reacting to uncertainty.

The market reacts to a lot of things.  Mostly, these days it reacts to monetary liquidity, which is why it is a government-dependent market.  If you are heavily invested in it, then you are heavily invested in socialism.
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Offline raml

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« Reply #13 on: October 09, 2013, 02:34:27 PM »
I was smart and got my money out of the stock market before it tanked the last time. My dad who was still alive then told all of us if we were smart we would get out and keep any money we had safe that it was going to be a very unstable stock market for years to come he always was able to pretty well predict what would happen over the years. I watch now from afar. 401k's are a very unstable way these days to get money for retirement but for short term investors the stock market is ok as long as you are a gambler at heart. I would be very wary now because there I see bad things happening in our near future. The next few years are going to hazardous to our financial health.

Online massadvj

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« Reply #14 on: October 09, 2013, 02:58:03 PM »
I was smart and got my money out of the stock market before it tanked the last time. My dad who was still alive then told all of us if we were smart we would get out and keep any money we had safe that it was going to be a very unstable stock market for years to come he always was able to pretty well predict what would happen over the years. I watch now from afar. 401k's are a very unstable way these days to get money for retirement but for short term investors the stock market is ok as long as you are a gambler at heart. I would be very wary now because there I see bad things happening in our near future. The next few years are going to hazardous to our financial health.

Personally, I wouldn't bet against the establishment, but I wouldn't be fully invested in it, either.  The establishment will do anything -- and I mean anything -- to preserve itself, and that is not power I'd be betting against.
"She only coughs when she lies."

Online DCPatriot

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« Reply #15 on: October 09, 2013, 03:03:01 PM »
I recall reading a John Clancy novel once....or was it Robert Ludlum?

In it, the market crashes and destroys everything....except that later in the book, the POTUS comes up with an idea to correct it.

Simply take a mulligan and cancel the day's trading....as if it never happened.   All trades were null and void for that period

....until they 'fixed' it.
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Offline Bigun

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« Reply #16 on: October 09, 2013, 04:05:37 PM »
I was smart and got my money out of the stock market before it tanked the last time. My dad who was still alive then told all of us if we were smart we would get out and keep any money we had safe that it was going to be a very unstable stock market for years to come he always was able to pretty well predict what would happen over the years. I watch now from afar. 401k's are a very unstable way these days to get money for retirement but for short term investors the stock market is ok as long as you are a gambler at heart. I would be very wary now because there I see bad things happening in our near future. The next few years are going to hazardous to our financial health.

Got out of the market the day after Obozo was sworn in and have no idea when, or if, I will ever get back in.

Probably after the fed stops printing $85 billion dollars a months worth of new money and hopefully at the bottom of the crash that move will precipitate.

Online massadvj

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« Reply #17 on: October 09, 2013, 04:27:52 PM »
Got out of the market the day after Obozo was sworn in and have no idea when, or if, I will ever get back in.

Probably after the fed stops printing $85 billion dollars a months worth of new money and hopefully at the bottom of the crash that move will precipitate.

The problem is that the Fed printing all that money renders cash and cash equivalents destined to depreciate, possibly quickly.  Thus, you need to be invested in something that appreciates with inflation.  Stocks usually fit the bill, plus they can give you a little bit of income along the way.  I think residential income real estate is a better bet.  I also like gold and silver, and I especially like investment grade antiques.  No one ever went wrong investing in quality and scarcity.
"She only coughs when she lies."

Offline Bigun

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« Reply #18 on: October 09, 2013, 05:48:05 PM »
The problem is that the Fed printing all that money renders cash and cash equivalents destined to depreciate, possibly quickly.  Thus, you need to be invested in something that appreciates with inflation.  Stocks usually fit the bill, plus they can give you a little bit of income along the way.  I think residential income real estate is a better bet.  I also like gold and silver, and I especially like investment grade antiques.  No one ever went wrong investing in quality and scarcity.

There ya go!

Offline evadR≤

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« Reply #19 on: October 09, 2013, 06:27:01 PM »
Everybody happy that the stock market's lost 6% in value since Ted Cruz's little speech?  How are those 401K's looking?

Since I went short, looking real good.
Think I'll cash out tomorrow..don't want to push it too far but I do think it will dip further.
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Offline Once-Ler

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« Reply #20 on: October 10, 2013, 03:49:13 AM »
Yes sink, we know that your 401k is the only thing which really matters.
I don't recall Sen Cruz asking the American people to give up their wealth to stop Obamacare.  I kind of thought Cruz's mandate was to stop Obamacare to save our economy.

I often hear liberals poo-poo the importance of letting wealth builders keep their wealth so they don't flee to other countries but not usually conservatives.  I bet Rush doesn't think capital flight to a less chaotic investment than America is irrelevant.

I'm paraphrasing but I remember Rush saying something like the freedom to keep the money you make, that you worked for, is the most fundamental freedom there is.  Without economic freedom all the other freedoms we enjoy are purely academic.  They can't exist without the freedom to keep what is yours.

Whose to blame for this shutdown?  Sen Ted Cruz promised to shutdown the government to stop Obamacare.  Is it going to stop Obamacare?  Nope.  We may get some spending cuts, maybe they can get a delay in the individual mandate but that will just give Obama a year to fix his half a billion dollar website.

The drop in Obama's approval is good news and there is a silver lining to this mess I haven't heard anybody mention.  Prior to the start of http://www.dontfundobamacare.com/ the rats were talking about how they needed to stop sequestration.  Now they are willing to take a clean CR and debt limit increase.  Sen Cruz did move their negotiating start position to the right.  I think it is imperative for our country to stick with sequestration till we get to a 1996 surplus.  Sen Cruz bought us more time with his wacko-bird stunt.  He also proved to anyone not convinced by 40 House votes for repeal that the GOP really, really doesn't like Obamacare.  If Obamacare continues to be a miserable failure then it may reap some future political rewards.  Big Ups Sen Cruz.
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Online massadvj

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« Reply #21 on: October 10, 2013, 10:31:44 AM »
The Republicans may get the result they want (some concessions on spending and tax reform in return for raising the debt ceiling), but they'll still take a big hit.  The gap is not as wide as 1995, when the GOP was blamed 27 points more than Clinton, but there's little question who initiated this.

Everybody happy that the stock market's lost 6% in value since Ted Cruz's little speech?  How are those 401K's looking?

Hey look!  Ted Cruz made the stock market go up 192 points so far today.  That's two days in a row we've had a Ted Cruz rally!  After all, according to sinkspur, Ted Cruz controls the US stock markets now.  Go Ted go!
"She only coughs when she lies."

Offline Carling

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« Reply #22 on: October 10, 2013, 11:32:04 AM »
Hey look!  Ted Cruz made the stock market go up 192 points so far today.  That's two days in a row we've had a Ted Cruz rally!  After all, according to sinkspur, Ted Cruz controls the US stock markets now.  Go Ted go!

Well done, sir!  Hahaha!   :silly:
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Offline Bigun

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« Reply #23 on: October 10, 2013, 02:51:30 PM »
Hey look!  Ted Cruz made the stock market go up 192 points so far today.  That's two days in a row we've had a Ted Cruz rally!  After all, according to sinkspur, Ted Cruz controls the US stock markets now.  Go Ted go!

 :mauslaff: 000hehehehe 000hehehehe :laughingdog: :bigsilly:

Offline Rapunzel

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« Reply #24 on: October 10, 2013, 05:40:51 PM »
The Ted Cruz affect was a 322 point increase today.


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