Stock Market Plunges after Brown Victory
Submitted by Michael Nystrom on Wed, 01/20/2010 - 10:42
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The investment banks are the 800 pound gorrilas in this market!
They are reminding everyone who is really in charge.
More than likely it was a staged event when BO came out with his anti-bank BS. I think it's more about Bernanke and the audit the FED bill than anything else.
Auditing the FED would be a historic event that could lead to the exposure of a 100 years of criminal activity. While the banking bill and audit the FED are currently being hotly debated behind close doors, the banks are staging a coordinated sell off as a demonstration of what they can do.
If Bernanke is confirmed or Audit the FED is defeated, they will stage a rally.
The market is putting on a horror show for Congress
In case they even think about not renominating Bernanke. This is basically a threat.
After the vote, and the confirmation, look for the market to soar.
My two cents.
I see we agree and posted the same thinking at the same time!
!
Stock Market Plunges After Dadson Nap
I blame myself.
I blame myself too
legalizeliberty did not have any German beer today = market collapse.
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
hmm
the plunge started the day Debra Medina won the debate lol
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
The stock market really hates Scott Brown.
I'm just sayin'
Just reiteratin'
.
The turn in the market have
The turn in the market have more to do with what is happening over in Europe, Asia and with the White House.
Lol... And the Supreme Court decision
I imagine in this particular political atmosphere they can all see the profit margins declining exponentially across the board as companies spend multi-millions worth of profits on TV commercials in a battle trying to buy all the public offices.
Woe is Wall Street.
Sell-off?
It's not even a big enough move (last two trading sessions) to be called a correction.
We were due for this reversal. It's a good thing because we were going sideways for so long up against 1 year highs since Nov 14 -- 60 days -- this kind of pullback is what we needed to go higher.
Here's the chart...
http://4.bp.blogspot.com/_P-oB0oClUsQ/S1h7cBUpO_I/AAAAAAAAAh...
"GINO" = Government In Name Only
And the plunge continues
And the plunge continues today.
The stock market really hates this Scott Brown guy.
Now he wants to get all bipartisany:
BOSTON -- Scott Brown said he expects to be seated quickly in the U.S. Senate, but he was conciliatory on the question of what he will do there, noting that he voted for universal health insurance coverage in Massachusetts and wanted his election to encourage a new bipartisanship in Washington.
http://www.washingtonpost.com/wp-dyn/content/article/2010/01...
What kind of a Republican is this?
He's the most liberal
He's the most liberal Republican I've ever heard of south of Snowe in Maine.
Ventura 2012
What are Healthcare and Insuance stocks doing?
Re-Elect no one 1 Term in either the senate or house, not both.
No. The market signaled a sell-off at the close yesterday
http://4.bp.blogspot.com/_P-oB0oClUsQ/S1Zs_tnR2CI/AAAAAAAAAh...
The news lies all the time.
The charts don't lie. Trust the charts.
"GINO" = Government In Name Only
Here is the spin on the market news today.
Nothing about the election.
Stocks fall on China lending curb, IBM outlook
On Wednesday January 20, 2010, 12:11 pm
By Rodrigo Campos
NEW YORK (Reuters) - U.S. stocks were having their worst day of 2010 on Wednesday as lending restrictions in China worried investors about the global economic recovery, while a conservative outlook from IBM weighed down technology shares.
Official media and banking sources said Chinese authorities instructed some major banks to curb their lending over the rest of this month after an early burst of credit.
Signals that China may curb its economic expansion hurt shares of commodity-related companies, dragging the S&P materials sector (^GSPM - News) down 2.4 percent.
Concerns over Greek debt helped push the euro to a five-month low against the U.S. dollar, weighing down commodity prices.
http://finance.yahoo.com/news/Stocks-fall-on-bank-earnings-r...
Good, the true market is much lower anyway.
All of this is a mirage. These numbers are not real as dollars are not real.
Where should it be is anyone's guess...the 6-7000 range perhaps.
What will happen after Debra Medina and a bunch of other "no name patriots" get elected?
Bring it on!!!
It's at 10,000 because of PPT...
The Plunge Protection Team (PPT), otherwise known as the Working Group on Financial Markets.
Read more here: http://www.dailypaul.com/node/121177
Ron Paul 2012 for Peace
Wow!
I think this may be this first time in my life that slimy folks looking to make a quick buck on government growth, actually lost money. I'm sure Scott Brown will get it back for them though...a friend said it best...
"Scott Browne is for small government like Barack Obama is anti-war"
The Dangler
10,539.97down -185.46 -1.73%
Re-Elect NO one. 1 term for all either in house or senate, not both.
The Brown vote ... was a vote for smaller government.
That traslates into a smaller deficits and that = a stronger dollar. Less speculative trading in commodities and more into $$$ currency.
Going to see a bit of sell-off action now.
Discover Costa Rica
From where I see it...
There seems to be a new buzz word within the Republican party or am I just imagining it? The new buzz word used by MSM is "Independent". On two different clips with Brown, I noticed one was Romney, face lit up with glee. Another one with Guiliani on stage with Brown. We've already seen the Bohemian guy, Guergis, as moderator at a debate session "feed" Brown the questions. I am wary of Brown because he is put forth by the existing powers of the current Republican Party under the guise of "Independent" rhetoric, thereby usurping or confusing the voters from the real INDEPENDENTS trying to make REAL change.
BWAHAHAHA!
Oh please, stop, your killing me! Smaller government?! The guy who loves RomneyCare?
Are you high? Drunk? Born yesterday?
Please tell me you are because I can't imagine that someone on this site would be so easily HAD and be duped into thinking that just because Brown has an "R" next to his name, that he is a small government candidate.
Personally, I'm willing to
Personally, I'm willing to give the guy a chance. He talked the talk; now lets see him walk the walk. If he works toward smaller federal government and supports S.604 I really don't see the problem. As far as his past support of RomneyCare, that is a state (or commonwealth) issue and I don't live in Massachusetts. If people in Massachusetts don't like RomneyCare it is up to them to change it.
Drain the swamp!
Market Drop Led By Banks ..
It costs more to bribe both sides than when you only have to pay off one. Also bad news for Geitner because he though for certain that he had the cards stacked for a 2nd round of "stimulus".
Voting for and getting are two different things.
Biggest increase in government spending in history came during last decade's Republican Congress.
Free includes debt-free!
i would prefer to call it...
a correction based on truth and reality rather than a "plunge"
a plunge is what it is taking, for sure, but I believe it is seeking its true value and not some inflated number caused by market manipulation
i think the market must fall, i believe Dr. Paul also refers to this scenario over and over...the inflated dow jones is just a manipulation
we have shocked wall steet to awaken them with MA
Medina in Texas will be next
only then can we begin to have a "true" account of what our Country's value is
besides, I'm sure a lot of this "plunge" is the president's plunge protection team installing a little "fear" in America for voting for Brown (those corrupt bast**** will see their days in office numbered soon, as well)
this "movement" will not rest until 98% of ALL incumbents are removed from office
its 'cos I owe ya, my young friend...
Rockin' the FREE world in Tennessee since 1957!
brown election?
just because something happens doesn't mean it causes all other things... take a look at china, BOA earnings... there's a ton of more likely reasons for market sell off than scott brown.
of course, we won't just gloss over these incidents...
i didn't see the futures down over the weekend though, did you?
its 'cos I owe ya, my young friend...
Rockin' the FREE world in Tennessee since 1957!
not over weekend
but last night was when the china news broke and we were dwn small going into the BOA ,Wells Fargo, Morgan Stanley earnings...