Bush economy surging ahead

Forums: Politics, Economy
Email this Topic • Print this Page

Wall Street endured its worst one-day session for almost three years on Friday as a sharp jump in the oil price and badly received figures from Citigroup (NYSE:C), General Electric and Motorola (NYSE:MOT) robbed the market of what was left of its early-year gains.

The Dow Jones Industrial Average slumped more than 200 points or 2 per cent to 10,666.99, its worst single-day performance since March 2003.

The broader S&P 500 lost 1.8 per cent to 1,261.43 while the tech-heavy Nasdaq Composite plunged 2.4 per cent to 2,247.70.

"It is a domino effect of negative news," said Marc Pado, chief market strategist at Cantor Fitzgerald.

The chief reason was a further undermining of already-dented investor confidence in corporate earnings. The culprits were some of the country's leading blue-chip companies, including financial services giant Citigroup, whose fourth-quarter earnings fell short of what the market had expected.

Topic Stats
Top Replies
Link to this Topic

Type: Discussion • Score: 0 • Views: 6,676 • Replies: 126

No top replies

Re: Bush economy surging ahead
I'm sure they will find some way to blame it on Clinton.

0 Replies

Yes, Hillary has been a bad girl.

0 Replies

Dys
I heard that it was Barney's smelly dump on the Oval Office carpet that sent the stock market tumbling, worried about the big stink in the White House.

BBB

0 Replies

I blame it on the protestor wackos of the 60s.

0 Replies

edgarblythe wrote:

I blame it on the protestor wackos of the 60s.

well yes but I have atoned for my sins of the past by remaining true to my wacco ways.

0 Replies

I myself blame Herbert Hoover.

0 Replies

One bad day on Wall St. means almost nothing. Have you counted the days it did well, since Bush came in? You people are grasping at straws.

0 Replies

Brandon9000 wrote:

One bad day on Wall St. means almost nothing. Have you counted the days it did well, since Bush came in? You people are grasping at straws.

Brandon I suggest you look at the total stats for the DOW since Bush came into office, it's really shocking (forget the one bad day crap)

0 Replies

brandon

Brandon9000 wrote:

One bad day on Wall St. means almost nothing. Have you counted the days it did well, since Bush came in? You people are grasping at straws.

It appears the straws being grasped are those in your trembling white-knuckled hands.

BBB

0 Replies

Re: brandon

BumbleBeeBoogie wrote:

Brandon9000 wrote:
One bad day on Wall St. means almost nothing. Have you counted the days it did well, since Bush came in? You people are grasping at straws.

It appears the straws being grasped are those in your trembling white-knuckled hands.

BBB

Really? What is your argument?

0 Replies

dyslexia wrote:

Brandon9000 wrote:
One bad day on Wall St. means almost nothing. Have you counted the days it did well, since Bush came in? You people are grasping at straws.

Brandon I suggest you look at the total stats for the DOW since Bush came into office, it's really shocking (forget the one bad day crap)

Okay, I just looked at the 5 year graph. It is slightly higher than 5 years ago today.

0 Replies

Brandon9000 wrote:

dyslexia wrote:
Brandon9000 wrote:
One bad day on Wall St. means almost nothing. Have you counted the days it did well, since Bush came in? You people are grasping at straws.

Brandon I suggest you look at the total stats for the DOW since Bush came into office, it's really shocking (forget the one bad day crap)

Okay, I just looked at the 5 year graph. It is slightly higher than 5 years ago today.

Yes I'm sure you noticed (based on the DOW) the booming economy under Bush.

0 Replies

dyslexia wrote:

Brandon9000 wrote:
dyslexia wrote:
Brandon9000 wrote:
One bad day on Wall St. means almost nothing. Have you counted the days it did well, since Bush came in? You people are grasping at straws.

Brandon I suggest you look at the total stats for the DOW since Bush came into office, it's really shocking (forget the one bad day crap)

Okay, I just looked at the 5 year graph. It is slightly higher than 5 years ago today.

Yes I'm sure you noticed (based on the DOW) the booming economy under Bush.

I have neither the expertise nor the inclination to do that research. All I know is that the DOW is doing just fine and so am I.

0 Replies

Brandon9000 wrote:

dyslexia wrote:
Brandon9000 wrote:
One bad day on Wall St. means almost nothing. Have you counted the days it did well, since Bush came in? You people are grasping at straws.

Brandon I suggest you look at the total stats for the DOW since Bush came into office, it's really shocking (forget the one bad day crap)

Okay, I just looked at the 5 year graph. It is slightly higher than 5 years ago today.

DJIA January 20, 2001: 10,788.00
DJIA January 20, 2006: 10,667.39

Unlike Dyslexia, I am not shocked by a drop of 120.61 points (around 1.1%) in the Dow Jones Industrial Average, but then, unlike Brandon, I am not so deluded as to to think that 10,667.39 is higher than 10,788.00.

0 Replies

joe would ya knock it off with the fair and balanced stuff?

0 Replies

I had just assumed Brandon was using a new math. It's good to know that both he and the DJIA are doing well.

0 Replies

dyslexia wrote:

I had just assumed Brandon was using a new math. It's good to know that both he and the DJIA are doing well.

I too am relieved. The impact that Brandon and DJIA's health has on me personally can barely be calculated.

0 Replies

I looked at a 5 year DJIA graph. It's difficult to estimate one day results from it. There certainly hasn't been a disasterous decline over the period of Bush's watch.

0 Replies

Ford about to close plants and lay off (fire) many workers.

0 Replies

Bush economy surging ahead

Related Topics

Quick Links

My Account

able2know