Black Monday...

[○∙◄☻¥tπ[╪AV┼cVê└]

The economy really sucks, and I don't understand why McCain is still leading in the polls.

[○∙◄☻¥tπ[╪AV┼cVê└]

The economy really sucks, and I don't understand why McCain is still leading in the polls.

Because maybe Bush isn't 100% responsible for the faltering economy?

Your party has been in charge of the do-nothing congress for 2 years now, silly.

^^^

People here are vastly overestimating the influence the President has over the economy. The truth is it will rebound whether we elect Obama or McCain. And, the truth is that we aren't even in a recession. The economy grew 3.3% last quarter. Things are bad, but they aren't terrible. It always rebounds. The market will sort itself out.

Right, it's just a coincidence that there are more jobs, fewer recessions, and less debt under Democratic Presidents than Republican Presidents.

As for Congress, I would be a lot happier with them if they were a do-nothing Congress. Frankly, I don't see much difference between the 109th and 110th Congresses. Of course the Democratic control of the Senate is a total joke thanks to Lieberman, but you'd think Pelosi would at least act like a Democrat, let alone a San Francisco Democrat.

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If Obama can't take back the lead by the end of this week with this crap going on, it's kind of tough to see when he does it.

The debates will matter much more than this.

I don't see him dominating the debates though.

True, we can't count on the debates to save Obama. Bush only lost ground because he did absolutely horrendously beyond terrible in the first debate, and he still won the election anyways. There's no reason to suspect that McCain will have a Bush style meltdown.

But anyways, as I've been saying, it's the economy, stupid.

[○∙◄☻¥tπ[╪AV┼cVê└]

Bush isn't even good for the rich investor class.

S&P 500 when he took office: 1342.54
S&P 500 at the bell on Friday: 1251.70

That's a drop of 6.8% over the entire 7 2/3 years so far of the Bush administration, and that number is bound to be a bit worse after this Black Monday.

[○∙◄☻¥tπ[╪AV┼cVê└]

It's actually looking at better outside of the DJIA, though I'm glad I only have $200 in Sovereign.

The S&P 500 is currently down more than the Dow. I posted the S&P 500 numbers because they are a better indicator of the market as a whole, and mutual funds are compared against the S&P 500. Of course the mutual fund of stuffing bills into your mattress has significantly outperformed the S&P 500 during the Bush administration.

[○∙◄☻¥tπ[╪AV┼cVê└]

Bush isn't even good for the rich investor class.

S&P 500 when he took office: 1342.54
S&P 500 at the bell on Friday: 1251.70

That's a drop of 6.8% over the entire 7 2/3 years so far of the Bush administration, and that number is bound to be a bit worse after this Black Monday.

Now down 11.1% to 1193.53.

[○∙◄☻¥tπ[╪AV┼cVê└]

It's the worst day for the stock market since shortly after 9/11/01.

[○∙◄☻¥tπ[╪AV┼cVê└]

My friend, formerly of Bear Stearns (now JP Morgan) recommends you begin heavily investing in funds placed under your mattress.

Well that mutual fund has greatly outperformed the market during the Bush administration. However past performance does not mean future performance.

[○∙◄☻¥tπ[╪AV┼cVê└]

Bush isn't even good for the rich investor class.

S&P 500 when he took office: 1342.54
S&P 500 at the bell on Friday: 1251.70

That's a drop of 6.8% over the entire 7 2/3 years so far of the Bush administration, and that number is bound to be a bit worse after this Black Monday.

Not a good week so far, it's now 1156.39, a drop of 13.9% during the Bush administration, and a drop of 7.6% so far this week.

[○∙◄☻¥tπ[╪AV┼cVê└]

You might see interest rates increase, long term.

I think the day of crisis will be Friday or Monday.

And Asia is reflective.

How many of you can actually remember the last economic shock, other than 9/11?  Seriously

I remember that the other President George Bush had a crappy economy too, although it wasn't this bad.

[○∙◄☻¥tπ[╪AV┼cVê└]

You might see interest rates increase, long term.

I think the day of crisis will be Friday or Monday.

And Asia is reflective.

How many of you can actually remember the last economic shock, other than 9/11?  Seriously

Actually, it was much worse.  The S and L crisis.

I remember that the other President George Bush had a crappy economy too, although it wasn't this bad.

Oh, yeah, Keating Five. We have some of the same problems again this time. That deregulation Reagan got through worked out real well.

[○∙◄☻¥tπ[╪AV┼cVê└]

You might see interest rates increase, long term.

I think the day of crisis will be Friday or Monday.

And Asia is reflective.

How many of you can actually remember the last economic shock, other than 9/11?  Seriously

Not all of us are so young....

Asia is reflective, although it looks like markets fell again today.

If this stabilizes by Monday, it's over.  It won't affect the election.

At the small cost of a good fraction of a trillion dollars. Joe sixpack will go back to not caring because the media will tell him everything is OK.