Running on empty

[Craig234]

Originally posted by: Genx87

Originally posted by: senseamp
We need New Deal 2.0 to finish what we started.

And what would that be? Saddle generations of people to enslavement by the federal govt?

Uh, your party is the one that skyrocketed our debt. Compare the national debt 1932-1968, under the democrats - toss in Carter and Clinton - to the Reagan/Bush years.

Are you ignorant, or dishonest, in misrepresenting that?

 

[ProfJohn]

Originally posted by: Craig234

Originally posted by: Genx87

Originally posted by: techs
I just heard on the news the stock market drop this month was the greatest in 70 years.
I guess the neo-cons are about to get their wish of destroying the American economy and bringing about another Great Depression.
I guess it will take another Democrat to fix things.

What a world you live in. Only a die hard black and white douche can sit back and still think the Democrats will deliver a miracle.

Said some guy in 1932, about the upcoming election and FDR...

Kucinich could have done great things. Maybe Edwards too.

ummm Craig we didn't leave the great depression until the start of WW 2 and the HUGE increase in government spending that it brought.

There was no FDR miracle, there are even some who say his programs made things worse.

If Roosevelt was so good with the economy then why did we have a recession in 1937? The so called recession in the depression. And why did it take 9 years in office before the depression ended?

 

[Genx87]

Originally posted by: Craig234

Originally posted by: Genx87

Originally posted by: techs
I just heard on the news the stock market drop this month was the greatest in 70 years.
I guess the neo-cons are about to get their wish of destroying the American economy and bringing about another Great Depression.
I guess it will take another Democrat to fix things.

What a world you live in. Only a die hard black and white douche can sit back and still think the Democrats will deliver a miracle.

Said some guy in 1932, about the upcoming election and FDR...

Kucinich could have done great things. Maybe Edwards too.

FDR did great things for our economy indeed. 1940 unemployment rate was 20%, down from a high of 25%.
Dont be fooled by our govts propaganda taught within our public school system. FDR screwed and prolonged the great depression as much as he helped stop it. Ultimately it took a world war to pull us out.

 

[Genx87]

Originally posted by: Craig234

Originally posted by: Genx87

Originally posted by: senseamp
We need New Deal 2.0 to finish what we started.

And what would that be? Saddle generations of people to enslavement by the federal govt?

Uh, your party is the one that skyrocketed our debt. Compare the national debt 1932-1968, under the democrats - toss in Carter and Clinton - to the Reagan/Bush years.

Are you ignorant, or dishonest, in misrepresenting that?

Who is my party?

 

[Engineer]

Originally posted by: blackangst1

Originally posted by: techs
I just heard on the news the stock market drop this month was the greatest in 70 years.
I guess the neo-cons are about to get their wish of destroying the American economy and bringing about another Great Depression.
I guess it will take another Democrat to fix things.

uh

In the last month the DJIA high was 13,500. The low was 12,100. thats a 1,400 difference, or 10.5% difference.

Maybe you forgot about Black Monday in October 1987? 22.5%. But, it wasnt just us. Hong Kong was, if I remember, close to 50% drop. Black Monday was the largest drop in market history, including the drop that started the great depression. That certainly falls with the last 70 years, no?

Between 2000 and 2002 the market had lost 30%. But that was over 2 years. There have many 10% drops in the market. Really not that big of a deal.

Chill out man.

Crickets eh?

He's right. The drop in January for the market (so far) is the highest drop for a January in 70 years. You must have misread his statment. Of course, the market could (and should) rally on potential rate cuts at the end of the month. It's about time this market moved forward and stopped the nearly decade long stagnation.

 

[techs]

Originally posted by: ProfJohn

Originally posted by: Craig234

Originally posted by: Genx87

Originally posted by: techs
I just heard on the news the stock market drop this month was the greatest in 70 years.
I guess the neo-cons are about to get their wish of destroying the American economy and bringing about another Great Depression.
I guess it will take another Democrat to fix things.

What a world you live in. Only a die hard black and white douche can sit back and still think the Democrats will deliver a miracle.

Said some guy in 1932, about the upcoming election and FDR...

Kucinich could have done great things. Maybe Edwards too.

ummm Craig we didn't leave the great depression until the start of WW 2 and the HUGE increase in government spending that it brought.

There was no FDR miracle, there are even some who say his programs made things worse.

If Roosevelt was so good with the economy then why did we have a recession in 1937? The so called recession in the depression. And why did it take 9 years in office before the depression ended?

FDR prevented this country from a political disaster. There were riots in the streets and the Communists were making great inroads.
Plus, by paying Americans to do public service work like building dams and roads the US was in a position to win WW2.

 

[ProfJohn]

Originally posted by: techs
FDR prevented this country from a political disaster. There were riots in the streets and the Communists were making great inroads.
Plus, by paying Americans to do public service work like building dams and roads the US was in a position to win WW2.

We are not debating whether FDR was a good President or not, we are debating whether he did anything to end the great depression, and the answer to that question is mostly no.

 

[blackangst1]

Originally posted by: Engineer

Originally posted by: blackangst1

Originally posted by: techs
I just heard on the news the stock market drop this month was the greatest in 70 years.
I guess the neo-cons are about to get their wish of destroying the American economy and bringing about another Great Depression.
I guess it will take another Democrat to fix things.

uh

In the last month the DJIA high was 13,500. The low was 12,100. thats a 1,400 difference, or 10.5% difference.

Maybe you forgot about Black Monday in October 1987? 22.5%. But, it wasnt just us. Hong Kong was, if I remember, close to 50% drop. Black Monday was the largest drop in market history, including the drop that started the great depression. That certainly falls with the last 70 years, no?

Between 2000 and 2002 the market had lost 30%. But that was over 2 years. There have many 10% drops in the market. Really not that big of a deal.

Chill out man.

Crickets eh?

He's right. The drop in January for the market (so far) is the highest drop for a January in 70 years. You must have misread his statment. Of course, the market could (and should) rally on potential rate cuts at the end of the month. It's about time this market moved forward and stopped the nearly decade long stagnation.

First of all, I usually interprate what is posted, not what is intended. January was never mentioned.

Biggest drop in the month of January in 70 years? Who the hell cares? DJIA hit an alltime high this month too lol The high this month was 13,300, the low is 12,100. Thats still only about 10%. I guess you want linkage.

you were saying?

 

[Engineer]

Originally posted by: blackangst1

Originally posted by: Engineer

Originally posted by: blackangst1

Originally posted by: techs
I just heard on the news the stock market drop this month was the greatest in 70 years.
I guess the neo-cons are about to get their wish of destroying the American economy and bringing about another Great Depression.
I guess it will take another Democrat to fix things.

uh

In the last month the DJIA high was 13,500. The low was 12,100. thats a 1,400 difference, or 10.5% difference.

Maybe you forgot about Black Monday in October 1987? 22.5%. But, it wasnt just us. Hong Kong was, if I remember, close to 50% drop. Black Monday was the largest drop in market history, including the drop that started the great depression. That certainly falls with the last 70 years, no?

Between 2000 and 2002 the market had lost 30%. But that was over 2 years. There have many 10% drops in the market. Really not that big of a deal.

Chill out man.

Crickets eh?

He's right. The drop in January for the market (so far) is the highest drop for a January in 70 years. You must have misread his statment. Of course, the market could (and should) rally on potential rate cuts at the end of the month. It's about time this market moved forward and stopped the nearly decade long stagnation.

First of all, I usually interprate what is posted, not what is intended. January was never mentioned.

Second of, he, and you, are still wrong. The high this month was 13,300, the low is 12,100. Thats still only about 10%. I guess you want linkage.

you were saying?

I'll give you the interpation, but since I heard the same thing that techs did, I'm correcting it here. January drop is the largest January drop in 70 years (cumulative) according to news stations (CNBC, CNN, etc.)


I was saying it was the largest total monthly drop for a January in 70 years, nothing more. I'm repeating what CNBC and other business news stations are reporting. 10% has nothing to with anything. According to news stations, it is the largest cumulative drop in January in 70 years. If you have something to prove them wrong, then post it. 10% means nothing, except that according to those stations that it's the largest drop for a January in 70 years.

 

[blackangst1]

I edited

 

[Engineer]

Originally posted by: blackangst1
I edited, and said who cares? It doesnt mean a thing! DJIA hit an all time high this month too...I guess that is outweighed by the worst *January* in decades? :roll:

BS. The DOW hit it's all time high on October 11th of of 14,280.

 

[blackangst1]

Originally posted by: Engineer

Originally posted by: blackangst1
I edited, and said who cares? It doesnt mean a thing! DJIA hit an all time high this month too...I guess that is outweighed by the worst *January* in decades? :roll:

BS. The DOW hit it's all time high in November or December of 14,280.

Yep just saw that. So on that I stand corrected. But JHC who cares? Is Jan really a big indicator? AFAIK, no.

It's a freakin 10% drop lol

 

[Engineer]

Originally posted by: blackangst1

Originally posted by: Engineer

Originally posted by: blackangst1
I edited, and said who cares? It doesnt mean a thing! DJIA hit an all time high this month too...I guess that is outweighed by the worst *January* in decades? :roll:

BS. The DOW hit it's all time high in November or December of 14,280.

Yep just saw that. So on that I stand corrected. But JHC who cares? Is Jan really a big indicator? AFAIK, no.

It's a freakin 10% drop lol

January is a big indicator typically as the year usually follows January's lead, especially since most fo the selling in December typically is for tax reasons.

For January. 15.25%+ from it's high. If it doesn't turn around soon, the technicals will break down and it will plummet. If it keeps going, it "could" end the Bush two terms on a negative note. Bush "could" also be only the 4th President with a negative 4th year (Great Depression, WWII, Bill Clinton's tech bubble breakdown, and GB's housing bubble breakdown??? as possbly the 4th).

I just tried to look at my returns over that time and Fidelity only keeps track of the last two years (sucks).

 

[krcat1]

Originally posted by: ProfJohn

Originally posted by: techs
FDR prevented this country from a political disaster. There were riots in the streets and the Communists were making great inroads.
Plus, by paying Americans to do public service work like building dams and roads the US was in a position to win WW2.

We are not debating whether FDR was a good President or not, we are debating whether he did anything to end the great depression, and the answer to that question is mostly no.

Actually, if you say that the war ended the depression, then that is support for an uber-Keynesian position. FDR should have spent more federal money to end the Depression.

The real reason is not economic but psychological. Business leaders of the 30's wanted to run the economy the old-fashioned way, meaning that they could do what they pleased. When FDR tried to change the rules, these leaders took there capital and went home. This kept the US in the Depression due to the lack of capital investment in the private sector.

The war forced a change in business attitudes. The old-guard had to work with the government for war contracts, and they had to work with labor due to the personnel shortage. More importantly, many new entrepreneurs created businesses working with the new rules. These new businesses were going to compete with the old-guard for the post-war profits that were to be made from the money the war-time austerity produced. If the old-guard went home after the war, the new business would have destroyed them. Hence, no post-war depression.

 

[blackangst1]

Originally posted by: Engineer

Originally posted by: blackangst1

Originally posted by: Engineer

Originally posted by: blackangst1
I edited, and said who cares? It doesnt mean a thing! DJIA hit an all time high this month too...I guess that is outweighed by the worst *January* in decades? :roll:

BS. The DOW hit it's all time high in November or December of 14,280.

Yep just saw that. So on that I stand corrected. But JHC who cares? Is Jan really a big indicator? AFAIK, no.

It's a freakin 10% drop lol

January is a big indicator typically as the year usually follows January's lead, especially since most fo the selling in December typically is for tax reasons.

For January. 15.25%+ from it's high. If it doesn't turn around soon, the technicals will break down and it will plummet. If it keeps going, it "could" end the Bush two terms on a negative note. Bush "could" also be only the 4th President with a negative 4th year (Great Depression, WWII, Bill Clinton's tech bubble breakdown, and GB's housing bubble breakdown??? as possbly the 4th).

I just tried to look at my returns over that time and Fidelity only keeps track of the last two years (sucks).

I'm at Fidelity also (see other thread lol) I was able to get that stuff *shrug*

I concede Dec tends to sell off, but I still stand firm in that a 10% in Jan isnt doom and gloom.

that said...

I hope the market crashes like a motherfucker soon. I got some extra cash I need to invest. I made out like a bandit on Black Friday.

 

[Engineer]

Originally posted by: blackangst1

Originally posted by: Engineer

Originally posted by: blackangst1

Originally posted by: Engineer

Originally posted by: blackangst1
I edited, and said who cares? It doesnt mean a thing! DJIA hit an all time high this month too...I guess that is outweighed by the worst *January* in decades? :roll:

BS. The DOW hit it's all time high in November or December of 14,280.

Yep just saw that. So on that I stand corrected. But JHC who cares? Is Jan really a big indicator? AFAIK, no.

It's a freakin 10% drop lol

January is a big indicator typically as the year usually follows January's lead, especially since most fo the selling in December typically is for tax reasons.

For January. 15.25%+ from it's high. If it doesn't turn around soon, the technicals will break down and it will plummet. If it keeps going, it "could" end the Bush two terms on a negative note. Bush "could" also be only the 4th President with a negative 4th year (Great Depression, WWII, Bill Clinton's tech bubble breakdown, and GB's housing bubble breakdown??? as possbly the 4th).

I just tried to look at my returns over that time and Fidelity only keeps track of the last two years (sucks).

I'm at Fidelity also (see other thread lol) I was able to get that stuff *shrug*

I concede Dec tends to sell off, but I still stand firm in that a 10% in Jan is doom and gloom.

that said...

I hope the market crashes like a motherfucker soon. I got some extra cash I need to invest. I made out like a bandit on Black Friday.

I don't. I don't have extra cash and I'm tired of watching it go down. If it wants to level off for some time and then rocket up, fine. I guess the leveling off has been during the last 7+ years though. I hope this recession (or whatever it is) ends quickly and this goes back up, but I have my doubts (too many credit concerns). Time will tell. Good luck.

 

[Mavtek3100]

I have an idea to fix the economy, get rid of Minimum wage laws, and this whole ridiculous 40 hour federal work week. There's no reason the government should be the Union of the country telling workers how long to work and how much to get paid.

 

[blackangst1]

Originally posted by: Engineer

Originally posted by: blackangst1

Originally posted by: Engineer

Originally posted by: blackangst1

Originally posted by: Engineer

Originally posted by: blackangst1
I edited, and said who cares? It doesnt mean a thing! DJIA hit an all time high this month too...I guess that is outweighed by the worst *January* in decades? :roll:

BS. The DOW hit it's all time high in November or December of 14,280.

Yep just saw that. So on that I stand corrected. But JHC who cares? Is Jan really a big indicator? AFAIK, no.

It's a freakin 10% drop lol

January is a big indicator typically as the year usually follows January's lead, especially since most fo the selling in December typically is for tax reasons.

For January. 15.25%+ from it's high. If it doesn't turn around soon, the technicals will break down and it will plummet. If it keeps going, it "could" end the Bush two terms on a negative note. Bush "could" also be only the 4th President with a negative 4th year (Great Depression, WWII, Bill Clinton's tech bubble breakdown, and GB's housing bubble breakdown??? as possbly the 4th).

I just tried to look at my returns over that time and Fidelity only keeps track of the last two years (sucks).

I'm at Fidelity also (see other thread lol) I was able to get that stuff *shrug*

I concede Dec tends to sell off, but I still stand firm in that a 10% in Jan is doom and gloom.

that said...

I hope the market crashes like a motherfucker soon. I got some extra cash I need to invest. I made out like a bandit on Black Friday.

I don't. I don't have extra cash and I'm tired of watching it go down. If it wants to level off for some time and then rocket up, fine. I guess the leveling off has been during the last 7+ years though. I hope this recession (or whatever it is) ends quickly and this goes back up, but I have my doubts (too many credit concerns). Time will tell. Good luck.

Eng...do you honestly think the next time the market crashes (which it will), its not going to recover? How in the world do you justify THAT? Just sit tight man. Take Warren Buffet's investing strategy: buy and hold. You'll be fine. The amount of your investments is irrelevant UNTIL YOU WITHDRAW. I know you know this, and I also understand your apprehension of watching your investments decline. I do too. BUT...I also know, except for maybe 10% of it, I wont touch for at least another 10 years. Chill out man it'll all work out

 

[IronWing]

Originally posted by: Mavtek3100
I have an idea to fix the economy, get rid of Minimum wage laws, and this whole ridiculous 40 hour federal work week. There's no reason the government should be the Union of the country telling workers how long to work and how much to get paid.

Could you point out where the feds require a 40 hour work week? Thanks.

 

[BarneyFife]

Originally posted by: Mavtek3100
I have an idea to fix the economy, get rid of Minimum wage laws, and this whole ridiculous 40 hour federal work week. There's no reason the government should be the Union of the country telling workers how long to work and how much to get paid.

Wow, what an idea. I should go tell the guy at work who does 32 hours that he needs to work an extra 8 hour shift because its a federal law.