Quote:
Originally Posted by WhiplashDug
Obama had nothing to do with the bump today
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Quote:
Originally Posted by LiveDose
You guys think this 'surge' has anything to do with Obama.... LOL
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It doesn't have anything to do with Obama. That's the whole fucking point.
And IF you're one of those people who's going to come in here blaming Obama every time the market drops, then you should be in here giving him props when it goes up.
I'm just pointing out the lunacy and hypocrisy in blaming temporary stock market drops on the President.
Quote:
Originally Posted by Darkland
Not that I side with some of Splums beliefs, rants, etc. some of you people make me laugh. This whole thing is just like the gas situation. They jacked the prices on us for so long that when they cut that hike back by half people have convinced themselves that the new lower price is good, EVEN THOUGH IT IS STILL WAY HIGHER THAN WE WERE PAYING 2 OR 3 YEARS AGO. They did nothing more than set a new price and convinced us to be happy about it by scaring people with the initial spikes.
This is going the same for wall street right now. Look over the 6 month period and you tell me the market is on a roll. 85 to 90% down days versus the 10% up trend we are seeing right now doesn't mean shit. YET! When I see the market stabilize and showing positive numbers for more days than negative ones I might then allow myself to believe things have a chance of actually improving.
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I love how you think there's this "they" group of people who are pulling the strings and controlling the price of everything.
FWIW, oil prices were due for a rise, they had been flat in dollar terms for decades, and in real terms had actually dropped slowly for decades. (99 cent gas in 1980 and in 1995)
The only reason they're in the $2 range right now is because the recession has dampened demand. Once the economy picks back up, upward pressure on oil prices will resume.
Also, this is a 4 week surge in the market, not a one day bump....again FWIW