Obama claims job creation - MARKETS PLUMMET
The day after a large gain in the broad stock market indexes, Obama claims the "stimuli" created or "saved" 650,000 jobs. The stock markets say "nuts." The S&P 500 is down 2.6%.
See the New York Times headlines.
Obama's economic adviser said that without the stimulus, unemployment would peak at 12% rather than 10%. When campaigning for the bill, the administration said that without the stimulus it would peak at 10% rather than 8.5%.
Real estate REIT indexes fall 3.5%.
The VIX (volatility) index, which tracks the premiums on equity options, (essentially insurance policies on stock prices), is up 25% on the day, the biggest jump since the Panic of '08. The VIX is sometimes called the "fear index."
UPDATE: Gold is hanging tough, down only 0.3%.
Measurements and Stats from
Government are redundant in and of themselves. We should be offended that they even offer these suppositions! They have NO profit and price signals to signify success - basically their measure of success is something like "the more money we have to ADD to a program, the more successful it must be!".
Hogwash.
As for the market dipping because Obama speaks or Biden mentions something I prefer the old saying - "Correlation is not Causation". Much much deeper and more widespread psychology rooted in there. Yearly dollar volume of trades is over 300% of GDP - there are way way bigger influencing factors at work than Obama speaking.
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Progress is precisely that which the rules and regulations did not foresee. - Ludwig Von Mises.
It's November and I'm 80% cash and 20% LEAPS against the market. Gold is also going down. Want to know why?
http://www.investophoria.com
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Progress is precisely that which the rules and regulations did not foresee. - Ludwig Von Mises.
Yes...
And even stranger...after Obama's spokesman made his comments...then the markets responded negatively.....Biden made a statement saying the Obama plan is doing what it was designed to do....has created or SAVED jobs? How do you measure the saving of jobs? These are strange days indeed. If Obama loses the confidence of the majority of the people, the markets, and the speculators...It will be a very long and interesting three years. The question remains..Who will benefit from the disasterous Dems? The NoeCons or third party (Liberty) candidates. Hmmmmmmm....
Biden also said no one is
Biden also said no one is talking about the possibility of a depression anymore.
No reason
No reason to mention something as forthcoming when it's already here I guess.
Eric Hoffer
http://gplus.to/jamesrmoore
Humorously
Humorously, I'm up 2 grand today.
Hooray for investing in nothing American consumer dependent!!
Eric Hoffer
http://gplus.to/jamesrmoore
Long?
I'm up nicely today. (I don't post dollar amounts.) But it's all on short positions. Are your long positions up, and if so TELL US WHAT THEY ARE. (Pretty please?)
I don't
I don't do short positions really, I don't have the time to pay attention to it.
I lost a lot (maybe 40% of my then net worth?) in 2007-2008 with Pharm and Tech and Mortgage (shoulda seen that one coming, but I had moved into there for the yield rates and didn't know anything about Paul until late 2006) among other things, and I decided I had had enough of them about forever.
I went into Europe and Asia after they fell like stones, also precious metals (not directly invested in coins or bullion but in the companies that do the mining and speculation, etc), basic materials, and oil & gas. I'm probably an equal 5th (ish) into them all.
Figure January of this year I was at the exact same point investmentwise as I am now, except I just pulled out a literal third of my net worth in cash. So I've probably taken a 175% over this last 10 months.
Eric Hoffer
http://gplus.to/jamesrmoore
bump
I can't wait to watch a new Peter Shiff video.
___________________
"a half truth is a full lie" old Jewish saying quoted by Gary Null
exposing big pharma and their deadly vaccines
http://www.youtube.com/watch?v=gavenB_AJ9A
Website:
http://www.libertypoet.com/
Twitter:
http://twitter.com/LibertyPoet
"How can we justify to the unemployed and underemployed in the United States the incredible cost of maintaining a global empire?" - Dr. Ron Paul
False hope
Thanks Clinton
Thanks Bush
Thanks Obama
You really F'ed up America.
Real eyes realize real lies
2012, we want our country back
2012 is the year for Ron Paul!
MSM Report: http://www.msmreport.com/
HAhahahahaha
_________
A Man's Country Is Not A Certain Area Of Land,
Of Mountains, Rivers, And Woods,
But It Is A Principle......
And Patriotism Is Loyalty To That Principle .
- George William Curtis
Thomas Jefferson: “Indeed, I tremble for my country when I reflect that God is just, that His justice cannot sleep forever."
Viva La Revolucion!
http://www.youtube.com/watch?v=FmaTNf4YhEs
What a show!
You can't believe anything the government tells you anymore. If everyone realized the real fiction that the government feeds us, we'd see a "call to arms" and run these bums out of Washington and START OVER. It's all about greed, money, and insider trading. The little guy may get lucky every now and then, but that's all it is....luck. Big mutual funds (where all your 401-Ks are) trade back and forth all day long, creating a false sense of "market activity". The commissions on such trades appears miniscule, untile you add up the number of trades they do. Our whole economic pulse beats with the Dow Jones Industrial 30. Whoopee. 30 companies, which most don't even produce a real profit, except in accounting bullcrap terms. When one of them goes real bad, say like, Enron, or GM, they simply take it our of the "30". Ain't that neat? And the beat goes on. Anybody seen Cher's "daughter" lately?
alan laney
Trivia: How many of the
Trivia: How many of the original Dow Industrials remain in the index?
CIT group, a 101 year old
CIT group, a 101 year old commercial lender negotiates a pre-packaged bankruptcy. Trading in CIT shares is halted, then resumes down 16% to 80 cents.