Welp the stock market just took a huge dive - Ford Powerstroke Diesel Forum
 
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post #1 of 9 Old 08-04-2011, 11:55 AM Thread Starter
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Welp the stock market just took a huge dive

Erased all of last years gains in a matter of hours.

Thanks Obama

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post #2 of 9 Old 08-04-2011, 12:20 PM
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Well, that's just great!

It'll be interesting what the retoric around this will be....'market adjustment', debt-ceiling increase....oh wait!!! It's George Bush's fault!!!

Come on - Isn't there anyone it Washington who has a grip on this crap? I'll tell ya.... this many years of economic instability, members of Congress, the President better starting thinking exit strategy. Voters aren't going to keep putting up with this. IMO, of course!!


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post #3 of 9 Old 08-04-2011, 12:24 PM Thread Starter
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So far all Ive heard and seen on boards is its the TEA parties fault.

Democrats are blaming it on the fact that they didnt get to raise taxes.

Reality is there werent any significant spending cuts in the debt ceiling bill and the markets are reacting to that.

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post #4 of 9 Old 08-04-2011, 12:41 PM
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Which is odd, because today is the first day in almost a week that my stocks have gone up. Granted, they didn't go up much, but its better than going in the other direction.
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post #5 of 9 Old 08-04-2011, 12:44 PM Thread Starter
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Recheck them. The market is down 500 points

Email: Dave@powerstroke.org
2011 F150 Ecoboost Crew cab lariat. Custom tunes from KEM and 5Star, and Unleashed
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post #6 of 9 Old 08-04-2011, 01:04 PM
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This Sucks Big time. Down 513 points, Happy Birthday Mr. President.
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post #7 of 9 Old 08-05-2011, 04:30 AM
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Obama and libs wants the stock market to tumble. These people can't stand seeing people making money. They want everyone to suffer like their sorry ***. Not only spread the wealth, but spread the pain. They think if I can't afford to invest, you should be able to afford to lose all you invested.

Democracy is two wolves and a lamb voting on what to have for lunch.
Liberty is a well-armed lamb contesting the vote.

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post #8 of 9 Old 08-08-2011, 05:37 PM
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Well,Odumbo made it happen today....-634 on the Dow,and gold over 1,700/oz

I did hear that the plaque in the oval office that said the "Buck Stops Here" is being taken down,and replacing it with one that says..."IT'S NOT MY FAULT!!"

What a LOSER-in-Chief!!

Forgot to add...S&P also said if they would have passed cut/cap/and balance....de-rating would not have happened!

Last edited by icysmooth; 08-08-2011 at 05:42 PM.
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post #9 of 9 Old 08-08-2011, 05:42 PM
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What a LOSER-in-Chief!!

No kidding, I will never get back what I lost today. I may have to jump in the morning.
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