Jobs Report Fallout: Stocks Erase Gains of ENTIRE YEAR in ONE DAY

Factually, you are correct. Unfortunately, the mechanism used for this rescue of investment bankers and the stock markets was Keynesian spend-spend-spend government policies that have put the US nearly $16 TRILLION dollars in debt, with a lot more of that to come.

Any idiot can "print" trillions of dollars of new, virtually worthless money to buy our own debt, stuff it into banks, and create a "fraud-balloon" recovery based on so-called "stimulus" and "Quantitative Easing" I and II. Soon, look for Fed. Chairman Bernanke to roll out Quantitative Easing III, or something similar, to blow more air into the balloon, "kick the can", and "whistle past the graveyard"... and all while we continue to blow hundreds of billions on overseas adventures and Obama's domestic Welfare State.

And Obama? Where is he? What is his policy? He obediently takes orders from his Treasury Secretary, who's nothing but Bernanke's pupil inside the Obama regime. Obama? He's nothing but a stooge and rubber-stamp for Bernanke and the whole Federal Reserve insider "crime syndicate". They'll destroy the country if they have to, putting enough "lipstick" on the pig that is Obama in order to get their handpuppet re-elected....

 

Thanks Obama.

Good thing we have an economic genius like Romney to come in and clean up the mess left by the children.

 

Not including dividends the stock market is up 50% since Obama took office. Could you define "mess" for us.

 

Sure,

Prolonged high unemployment
$5T added to the debt in less than 4 years
Loss of our AAA credit rating (a AAA rating that Obama inherited)
loss of $1.80/gal gas (a price Obama inherited)
Economic instability
rising cost of goods (whens the last time)
instability in the stock market

I could go on and on.

 

Shy of my error on using 1998 instead of 1997, you still have a reading comprehension problem. So let me help you out again. Using the 1997 date (Dow was approximately 7200), we are still not remotely close to the level I expect in return for my 401k. Again, if you're content with a lesser range (what are we talking...like 4-5%), congrats. In addition, your little cherry picked analysis is ridiculous. Let me repeat my comment so you might understand exactly what I'm saying instead of coming to a misinterpreted conclusion. This is the slowest recovery since WWII...got it? That's because after recessions, we typically have robust recoveries (which this one is not). If you truly want to compare apples and apples and not prove to everyone that you're just a partisan hack, you simply need to go back to all the recessions after WWII, take the date the economists said they were over, and then take the same amount of time as Obama's had since this recession has ended (I believe Economists said Summer 2010) and compare. We both know I'll be right, so don't waste your time looking any more foolish than you already do.

 

Mmm... yeah and you didn't address how you selectively ignored dividends. Taken as a whole the post was a very "cherry picked" attempt at manipulating and falsifying data to slander the current administration... didn't work though. We called it out.

 

If you think America wants to become an even bigger militaristic state with a return to the robber barron days of a small elite ruling class and virtually no middle class, you are sadly mistaken.

Mitt says he want to spend even more on the miltiary and cut taxes even more for the wealthy, and somehow he will balance the budget, when the last two guys that this this (Reagan and Bush the lesser) only drove deficits higher. Only a gullible idiot thinks this will work to do anything but drive America down again, like Bush did. Bush had the lowest job creation since the great depression. Bush had below average GDP growth, even with a housing bubble that pumped $5 Trillion in extracted home equity into the economy and resulted in an additional 1% to the GDP. Bush left the country with a projected $1.3 Trillion deficit and the largest depression since the great depression. And now Romeny want so to re-create his policies and some idiots think it is a good idea.

 

I'm sure that you meant to say nobody except corporations:



And their executives:



Where have we seen this before?

Oh yeah...



I guess the new definition of "conservative" should be "destined to repeat the largest mistakes of the past."

 

This equals epic failure on Obama's part. He promised the world and has grossly underperformed.

_

 

Define "underperform."

 

A U-6 number of 14.8%.

http://www.bls.gov/news.release/empsit.t15.htm


Are saying that a president who maximizes corp. profits and maintains high unemployment is performing well and deserves a second term?

_

 

No one lost if they left it in, if you cashed in your stock or mutual funds, you lost plenty. I am down over $19,000.00 from where I was a little over two years ago. I have sat still up till yesterday when I bought 80 more shares of Ford.

 

This is the slowest recovery since WWII...got it?

Can anyone guess why that is? I can tell you, but I'd like to hear your views.

 

Because the crack addicts still live in the whorehouse.

 

So under Obama we recovered from the disastrous collapse of corporate profits under Bush and we are in the process of recovering from the massive Bush job losses. Not sure how that is "underperforming."

 

I'll tell you my opinion, thats if you want it...

But first why don't you define what underperforming would mean to you? For instance, at what point would you say Obama has underperformed?

 

It's the slowest recovery because we have thousands of our plants in Mexico, China, Ireland and etc. It's slowest because Europe is also in bad shape and that effects us too. It's the slowest because Obama hasn't done much in making business invest and his policies have business scared. While we can blame Obama for some of this, it's not all his fault. It's dishonest to put all the blame on him or Bush.

 

Monday morning will be a good time to buy. The market almost always rebounds after a big correction.

 

Check the last few times the market breached its 200DMA. You could be right, but history says downward.

 

"After a dismal May jobs report, U.S. stocks had their worst day in 2012, erasing the gains for the year and touching lows for a number of benchmarks."

Tell it to ABC News. Or better yet, SUPPORT YOUR CLAIMS..as the OP does mine...and ABC's.

We won't hold our breath, as we have learned that backing up your nonsense, is not a "strong point" of your posting.

 

Oh, so this is "good news"? Got it...

When the Dems took over Congress, the stick market went from over 14,000 to 6400, as a result of the Fannie/Freddie fomented mortgage -led, economelt.

Make up some more nonsense.

 

Obama was going to "fix all that"...remember,and unemployment would "NOT GO OVER 8%", so he said.

The community organizer hasn't a clue about business in the Real World, like most Leftninnies...

 

Of course. That's because your grasp on the Real World is tenuous, at best.

69,000 jobs in a WHOLE MONTH + 383,000 JOBS LOST IN ONE WEEK is not a "gain" except in Leftninny Goofyworld Math....

 

Math much? He is referring to TOTAL PROGRESS of the market over the LONGER TERM. Duh....

 

You completely failed to grasp hs point , or the math involved. What you "called out" ,was you obvious comprehnsion troubles when it comes to economic issues.