SO why is Wall Street in a free fall as investors pull out and invest in foreign Currency and commodities.?
Question:
Because the US economy is doing great, thanks to Bush! /end sarcasm
Some of the 2nd quarter earnings that came in last week didn't meet investor expectations so a lot of people moved their money.
How are you're stocks doing?
Hmmm isn't the GDP up 3.4%?
Yeah the economy is doing great, interest rates are rising, families that were duped into variable interest rate loans when the interest rates were down are losing their houses and their credit is getting destroyed, yup, the economy is great.
Ever heard of profit taking? It's why those evil capitalists invest money in the first place- oops my limo's here, gotta go.
a) profit taking. +
b) Demo congress
20 years of conservative economics. The corporations have moved overseas because they know that the U.S. will no longer be their bread and butter consumers by 2010. The Republican party Inc. wants to shrink government to the point that the corporations will be more powerful then people.
I remember when it was said when the Bush economy wasn't creating jobs. We've also been told the economy can't get worse than it is. More fantasy. The Market drop is good for this economy..unless your pension plan is invested in it. I can only imagine what our congressional members are thinking now. Was it our minimum wage increase? Our ports plan? Our isolationists talk? How coincidental. Dems are doing everything they can to tank this economy and they have the audacity to criticize Bush?
Liberals only talk about the stock market when it's going down and gas prices when they are going up. This is due to their ignorance regarding free market capitalism, which they view as evil. Government controlled socialism is right up their alley.
Markets naturally rise and fall. When everyone's bought and there's no one left to buy, they fall. No other reason is needed although the media likes to find reasons.
The market's gone a long time without a measily 10% correction. It's about time.
The subprime situation is the excuse du jour. Unless this affects you personally, enjoy.
The economy is going great. The dollar is weak, but those strong money countries (Euro countries, for instance) would love to have our booming economy and our bright employment picture.)
Commodies are rising because of the world demand. Heck, even my beverage of choice, milk, is jumping through hoops. It's getting harder and harder for me to afford my white mustache when I'm eating my beloved chocolate chip cookies.
Enjoy the market's fall. The market's creating a fantastic buying opportunity. Buy on November 1st and enjoy the Presidental year runup next year in '08 when the Feds will open up the spigots and give us voters that feel-good feeling. Ben will not disappoint.
They are seeing the coming collapse of the US dollar.
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