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1. Jiggers
   Member Profile

   

   Stock market is tanking on new unemployment claims today...lol They lied to us again. The wishful thinkers will probably help out with a late afternoon rally of some sort.

   Posted 9 months ago #         

2. JoB
   Member Profile

   thanks for that little bit of encouragement jiggers..
   although sour isn't generally the taste i am looking for with breakfast

   Posted 9 months ago #         

3. Jiggers
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   I am the bringer of bad news. European markets are starting to also have an affect over here. Everything is just snowballing.

   Posted 9 months ago #         

4. JoB
   Member Profile

   jiggres..
   go find something good about today
   it truly is a beautiful day in the neighborhood

   Posted 9 months ago #         

5. Jiggers
   Member Profile

   

   Nap time I've been up since 6 am.

   Posted 9 months ago #         

6. cjboffoli
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   Jiggers: It's interesting that you don't seem to post on the days when the Dow surges several hundred points. Would sharing that news be off-message for you? :-)

   Posted 9 months ago #         

7. Jiggers
   Member Profile

   

   The Market I believe is driven mostly by corporate money now, so I cheer for the Dow to tank. The Market isn't the same anymore for the little guy who used to make a profit investing in it long-term...:(

   Posted 9 months ago #         

8. cjboffoli
   Member Profile

   

   The Dow is simply an average of 30 publicly traded companies. And those companies are owned by plenty of mom and pop shareholders. In fact, by rooting for the Dow to tank you're celebrating all of the greedy traders that are making a killing by short selling.

   Posted 9 months ago #         

9. chrisma
   Member Profile

   

   @cjboffoli: is this your username also:
   http://westseattleblog.com/forum/profile/christopherboffoli

   or are there two of you here on WSB?

   Posted 9 months ago #         

10. kootchman
    Member Profile

    cept' most 401K's were second only to home equity as part of the retirement plan for most of the "little" guys. I wonder why we even bother to look at the PE ratio anymore. Who trades for value investing returns? None of these gyrations have done a single thing to the balance sheet of the companies affected.

    Posted 9 months ago #         

11. charlabob
    Member Profile

    

    This roller coaster of bad news and worse news is going to keep happening until the sheeple of the United States vote in a solid R government OR until the current administration steps in to prevent it. Let's see -- lower US bond rating to AA+ -- ooooooh, market tanks -- market goes back up -- Administration regulators finally start to investigate S&P malfeasance in recommendations for the junk housing packages --- market goes back down --- ooooh, look what the socialistic dems are doing.
    Guess what? We've tried supply side economics; we've tried "unfettered" capitalism. We've tried plain old fraud. None of them worked, except to create temporary windows where the middle class could think they were making progress and think "they" is "we."

    It is not going to change, fundamentally, until we get the oligarchs under control AND consider the needs of the human people instead of the corporate people when we make policy decisions.

    Shrinking government, deregulating everything, and all the other nonsense people think they need isn't going to help. Going back to the 19th century isn't going to help (and I suspect most folks know that.)

    Posted 9 months ago #         

12. kootchman
    Member Profile

    Joe Lieberman... just threw these numbers out... During the Clinton years... as a percentage of GDP... there was about 1% difference in revenue and spending. ( also, you bastions of liberal spending, there was that "little" item called "ending welfare as we know it" when the roles where slashed, he took a big shot at that entitelment) I beleive the numbers were 19 and 18 per cent respectfully. Today, revenue is about 16% and spending 25%. Clealry unsustainable. So, is there a compromise in the wind? Y'all loved Clintonomics...job creation, "surpluses" etc... is the left ready to "compromise"... and re-establish the mere 1% ratio? Or... insist upon even greater debt. I will support Clinton era tax reform..including axing the Bush tax cuts... 18 per cent spending, 19 per cent revenue? Raise revenues to 2% of GDP...(tax increases)... but that means an spending cut of 6%.... or in simple terms, i dollar in increased spending for every 3 dollars in cuts....? That WAS the Clinton era structure we "all" loved. I could swing behind that. Sounds like a great plan. Obama puts that on the table..he has a winner.

    Posted 9 months ago #         

13. cjboffoli
    Member Profile

    

    chrisma: Yes, I have two accounts. "cjboffoli" is the account I opened myself as a WSB reader. "christopherboffoli" is the account created for me later by the WSB editors in my capacity as a contributor. I'll generally post in the Forums from the former. But in either case I think it is pretty transparent who is posting.

    Posted 9 months ago #         

14. chrisma
    Member Profile

    

    @cjboffoli: Thanks for answering. I just wondered if someone was cyber-squatting your user name. :-)

    Posted 9 months ago #         

15. JoB
    Member Profile

    kootchman...

    two ways to look at this problem
    you see a spending problem
    i see a revenue problem

    Posted 9 months ago #         

16. kootchman
    Member Profile

    I see it both ways... I do. It's what happens to the revenue that puts the frosting on the cake. I will go for more revenue... but it is not "the" solution. It is how vulnerable that revenue is to waste, influence peddling, special interests,...etc. I am at the point where I would rather starve em' and force them to cut out the b.s. ... and get back to delivering the goods... not the "goodies"...

    Posted 9 months ago #         

17. JoB
    Member Profile

    kootchman

    the trouble with starving "them" is that you are the one who will the pinch.. not "them".

    Posted 9 months ago #         

18. Jiggers
    Member Profile

    

    Shortsellers are like kids in a candy store right now..:(

    Posted 9 months ago #         

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