@okie,
okie wrote:
Cycloptichorn wrote:
The entire 'uncertainty' line that you are pulling is bullshit. Cycloptichorn
That is the first hint you don't know what you are talking about, cyclops. That is one of the things my Edward Jones advisor tells me all the time, that the markets really dislike uncertainty. Yes, there is always uncertainty, but there is much more sometimes than other times. The guys at Edward Jones live and breathe markets daily, weekly, and so on, and any credible business person would tell you the same thing, cyclops.
I'm sure that your financial adviser, who works in the financial industry, has no dog whatsoever in the hunt, do you think, Okie?
What he means is that HE doesn't like 'uncertainty.' People in his industry made a killing off of the period of the last several years, why should it be considered a bad thing if the market fears a return to sanity and away from false and inflated profits based on trickery and fraud?
The truth is that there is no greater uncertainty in the business world or markets right now than there usually is. There doesn't exist some steady-state situation, where everything ticks along great - but only as long as a REPUBLICAN is in charge! **** is up and down all the time.
Quote:Fact is, I have discussed with him the "Obama Effect" on the market, but since he was an Obama voter, he takes it with a grain of salt and tries to find other explanations.
But wait! - you were just quoting him as a trusted source on the market. Now, you are saying that he doesn't know enough about it to tell you that you are full of ****. Which one is it?
Quote:Of course, I think folks that work for Jones are taught not to be much political at all, so I can understand that. It is my view however that politics do impact markets more than many admit. After all, politicians make economic policy.
Your opinion isn't supported by a lot of historical data. I can't help but notice that there was a gigantic financial crisis in 2008 that was based on the collapse of the Credit Default Swap market and AIG. It seized up liquidity and all of a sudden a lot of people in the market were revealed to be more unstable than they originally seemed - by a lot. Major trading houses failed in the Spring of 2008 and then again in the Fall more did and we had a real crisis moment. This caused the market to drop precipitously and for a lot of investment money to be lost.
But YOU claim that all that was
really going on was people who work in these companies getting scared that Obama was going to do... what? Raise marginal taxes to the levels they were in the 90's? You think that these guys started shitting their pants because of what amount to extremely low tax rates for individuals? Or what is it?
Your account simply isn't credible. It's based on you projecting your inner fear of Obama and the Dems running things onto the minds of a bunch of other people, and then ignoring all the actual events which moved the market around. There is no reason that anyone should believe it.
Cycloptichorn