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Originally Posted by homedawg
I'm not panicking? Just dont like what is going on with the stock market! I enjoy flipping the stocks, but lately there is no flipping to be had! When I think I have the bottom of a stock and buy it, lately more times than not there are new lows soon to come!
It doesn't matter who is president, he works for us! If you have someone doing work on your house, and you don't like it, do you keep quiet about it?
As I stated many times before, this is Jimmy Carter's second term! I lived through that and I'll make it through this term.
Obama needs to grow a pair, and make some decisive decisions and speak with confidence! The market is down 3,000 since he was elected.
For example, yesterday I watched his interview, and he said " I don't think americans should hoard cash in their mattresses". I don't think? Right or wrong, make a decisive statement!
I'm not the only 1 feeling this way, check out his approval rating, or take a trip to Wall St. and listen to the people there!
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i agree....especially when you consider the market is reactionary. Doesn't like what it's seen so far.....and with all the proposed taxes on dividends and all profits etc....there is no incentive to invest in the market either. He's done an awful job so far and it's basically a continuation of George Bush. He didn't have a plan when he was running and he still doesn't have a plan. Therein lies the problem. I am completely out of the market and see no reason to get back in. Short term bonds/notes right now are the way to go IMO. 6month to 1 year type, nothing long term. Obama is so far in over his fking head it's not funny when it comes to economic policy.
Country is a crap mess right now and we don't have the politicians in congress or the whitehouse to lead us out of it and that is a huge issue. You have a bunch of people who have never run a business nor have any business sense whatsoever trying to dictate economic policy and decide what's best for businesses....
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Everything is cyclical and you just hope the carnage is to as much of a minimum as possible. It will turn one day but when and how much damage was inflicted is the question.