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Varchild2008 (84.58)

President Obama's Stock Market Selloff explained....by Varchild...

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January 22, 2010 – Comments (4)

First...a Hypothetical.....  Do you think this sell-off is about the Economy + Obama's Speech on various Restrictions on the Banking Sector?  Not to mention the fact that he wants to campaign in 2010 by trying to make American people angry towards Private Sector Businesses rather than Big Government in order to save the Democratic Party from total defeat in November...

"It's The banks!!!!!!!  It's the Banks!!!!!!   We want our Money Back!!!!!!  We want our Money Back!!!!!!"

President Obama isn't an idiot.. he knows that if he rants and rails and does what he did in CHICAGO that he might make people suddenly supportive of his Anti-Business agenda so he can go back and destroy Ameica's Economy further.

But here's the thing.... This isn't about any one OBAMA speech on the Banks... or the fact that our Economy is Crashing....

This is about the fact that Americans now are seeing the President of the United States as a Nutcase.

No. I am not saying YOU SHOULD see President Obama that way...  I am just saying more and more people are seeing it that way... and as a Stock Market Investor... if you are on the wall street floors and you walk in after listening to Obama's Bank Speech.... Post - Scott Brown Election....

You can't but help have this sickening...awful....feeling in the pit of your stomache.. that the American People basically elected a Nutcase.

Do I think President Obama is a Nutcase?  A complete Wacked Out....Insane....Nutcase that can not be reasoned with???

Here's what I think........ I think he's seriously a Sociopath.

4 Comments – Post Your Own

#1) On January 22, 2010 at 3:41 PM, miteycasey (38.26) wrote:

I think he's seriously a Sociopath

+1

 

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#2) On January 22, 2010 at 3:56 PM, davejh23 (< 20) wrote:

Maybe the sell-off is a threat to the administration from GS market manipulators..."if you don't do things our way, we'll crash the market".  We're getting close to Dow 10K, which may not be a significant TA support, but I think it is a psychological support level that, if broken, will bring on continued volatility for some time.

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#3) On January 22, 2010 at 7:31 PM, caterpillar10 wrote:

He may or may not be a head-case but he's definitely a smart whatever he is and knows damn well how his actions will hit the market - I think he wanted to create the perception of giving 'wall street' a good spanking today.....what he probably realizes but is counting on his 'base' not getting is that the very ones he's railing against have such a sea of shares borrowed at any given time that they were on the phone as he spoke booking their favorite restaurants & making sure their favorite wines and champagnes were well stocked therein.......I have to admit I caught myself thinking 'is this the greatest guy in the world or what? whoohooooo!!!!! bring it home big daddy'.  

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#4) On January 26, 2010 at 6:11 AM, JayDays (< 20) wrote:

Hmmm - Let's see now - the options are:
1) He did not know how is comments would effect the market - then he is an idiot.
-OR-
2) He knew how it would effect the market and still did it - then he is a Sociopath. 
This certainly is a tough call.

Ok how about this -- USA is purely a Capitalistic Country where we have a misplaced view of our Capital as the value on Wall Street and not in the real assets of Coroporate America. Consequently, the nervous investors react to a funny flap of a Butterfly's wings.  Unfortunately, this behavior effects the decisions made by the Corporate executives and causes them to exhibit the same level of nervousness. It is nobody's fault and everybody's fault - we have just evolved into this. 
With that said - our President should know this about our Financial life line. USA is currently in an Economic ICU - we have barely regained consciosness. One does not step on the Investment Oxygen Line of Coroporate America and hope to jerk it back on it's feet. This stunt, accidental or intended, will take months to correct - and NO- this will not strengthen our economy in short term or long term.

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