Bad Day on Wall Street

[Fins4ever]

Glad I moved the majority of my assets into my MM and commodities. Will get back into stock and mutual funds after Obama leaves office.

http://money.cnn.com/2012/10/19/investing/stocks-markets/index.html?hpt=hp_t1

[badger6]

Your buddy gave you some advice today.

Gold!

Have fun, buy ammo,ha ha ha

[bsmooth]

Why ammo? Expecting a revolution or something? Zombie apocalypse?

[BigDaddyFin]

did everything start to slide?  Last I saw just the tech sector shit itself and that had mostly to do with the fact that google leaked their own report.

[Spider-Dan]

Are we back on the legislation by Dow Jones kick again?

DJIA on day Obama took office: 7,949
DJIA at close on Friday: 13,343

Obviously Obama has ruined the stock market.

[Fau Teixeira]

Are we back on the legislation by Dow Jones kick again?

DJIA on day Obama took office: 7,949
DJIA at close on Friday: 13,343

Obviously Obama has ruined the stock market.

i would argue that Obama has been the single best president in the history of the country if we're measuring by stock market value

[badger6]

Why ammo? Expecting a revolution or something? Zombie apocalypse?

Because like last time Obama was elected, guns and ammo went through the roof. With his comments the other night it will only be worse this time.

[Fins4ever]

Your buddy gave you some advice today.

Have fun, buy ammo,ha ha ha

My sis in law sold her house about 5 yrs. ago and made about 150K. She put every penny in gold. I didn't say anything but thought she was crazy to put all her assets in one area. Think she paid about 600 an ounce. Check chart to see what it is today. lol

http://www.kitco.com/charts/popup/au3650nyb.html

[Buddhagirl]

This gold talk is interesting since I recently found...well, gold. My dad bought a lot of gold and silver when I was born. They're in the form of coins, but solid metal. An ounce each. I stuck them away and never thought about them thinking they were junk. Maybe I'd make them into jewelry or whatever.

Turns out they're solid gold and silver. An ounce each. Not a lot, but small nest egg. I had them appraised and put them in a safe deposit box.

I'm hoping to sell them and put $$$ down on a cute cottage.

[Fins4ever]

This gold talk is interesting since I recently found...well, gold. My dad bought a lot of gold and silver when I was born. They're in the form of coins, but solid metal. An ounce each. I stuck them away and never thought about them thinking they were junk. Maybe I'd make them into jewelry or whatever.

Turns out they're solid gold and silver. An ounce each. Not a lot, but small nest egg. I had them appraised and put them in a safe deposit box.

I'm hoping to sell them and put $$$ down on a cute cottage.

Good for you girl. I have some myself. I have not tried to liquidate it (sell), but the word I have gotten from my S-I-L is the commission is very high. I would shop around and do some research.

Here in AZ. people still pan for gold in the mountain streams. Next time I am hiking and see a pan handler I will ask them where he sells and what he pays. 

[Dave Gray]

Gold is a good investment, but it's all about diversifying.  Stock market is great for he Long term, too.

[Spider-Dan]

i would argue that Obama has been the single best president in the history of the country if we're measuring by stock market value

FDR obviously stomps him (and everyone else).  But he's doing pretty good:

[badger6]

i would argue that Obama has been the single best president in the history of the country if we're measuring by stock market value

Ha, ha, ha, classic twisting and spinning of reality. Obama could crash Air Force One into the White House and you people would find a way to say that he saved money on maintenance and cleaning costs.

It's all a propped up illusion, a con game. From Jan 2009 to the present, from the bottom of that hole to today looks like a huge increase in a short time. It's a recovery, not an increase, and that it’s based on the fed’s printing $3t and the treasury borrowing $4t, that part is hardly worth mentioning I guess. Obama came in when the stock market was near its low. It had nowhere to go but up. Much of its rise is due to companies improving their bottom line by becoming more efficient, leaner, and oftentimes, firing and laying people off. He can’t take credit for one without getting credit for the other. There is something screwy and suspicious about the stock market being so very disconnected from unemployment and weak consumer spending. Fortunately, I'm back to where I was pre-recession and have just had my money parked for the past year. The party is not going to last if employment doesn’t start going up, and sooner rather than later or it's gonna crash and burn again. Only this time it's gonna be a lot worse. Obama may not have been responsible for what has happened up to 2008-2009, but as far as I’m concerned, he owns it now.

It’s like the guy down the street enjoying his new Porsche he just bought on credit, right up to the week when it’s repossessed and he's hauled into court. Celebrate, it’s great with all these food stamps and debt! The numbers prove it, woo hoo !!!

[bsmooth]

Because like last time Obama was elected, guns and ammo went through the roof. With his comments the other night it will only be worse this time.

Because uninformed morons wrongly assumed he was going to ban everything, and as of yet has done not one thing to limit weapons or ammunition. Even if he gets re-elected, the chances that any major legislation makes it through the House and Senate is slim-to-none.

[Spider-Dan]

It's all a propped up illusion, a con game. From Jan 2009 to the present, from the bottom of that hole to today looks like a huge increase in a short time. It's a recovery, not an increase, and that it’s based on the fed’s printing $3t and the treasury borrowing $4t, that part is hardly worth mentioning I guess. Obama came in when the stock market was near its low. It had nowhere to go but up. Much of its rise is due to companies improving their bottom line by becoming more efficient, leaner, and oftentimes, firing and laying people off. He can’t take credit for one without getting credit for the other. There is something screwy and suspicious about the stock market being so very disconnected from unemployment and weak consumer spending.

So in other words, we should not take the rise and fall of the stock market as an indication as to how well a President is doing his job.

Unless the stock market goes down 200 points in one day.  Then we should create threads like these to shout about how it's because of the guy currently sitting in the Oval Office.