A woman on MSNBC (Sharon Epperson) just blamed Obama speaking just now about regulation

[jenmito]

for the fall of the DOW about 100 points in the last 20 minutes even though it fell that much BEFORE he started talking. :eyes:

[Skidmore]

1. Just heard that.

Sick to death of Santelli land.

[jenmito]

4. If Obama hadn't said a word did she think the DOW would NOT have fallen 20 minutes

before he spoke? :eyes:

[graywarrior]

2. Caught that.

[truebrit71]

3. When the market goes up = greed is good. When the market is down = A Dem said something

....

[JohnnyBoots]

6. Maybe if we sacrifice Jindal to a volcano the Market will go up? nt

[ShortnFiery]

5. Boo Hoo!

We know what it truly causing the DOW to tank: The ROT at the top.

[DJ13]

7. Well, she's right

But it wasnt Obama's fault, the market fell because theres nothing the market hates more than regulations that will limit the amount of money they can rip people off of in future years.

They had a temper tantrum.

[jenmito]

9. How is it Obama's fault? Did the market know Obama was going to speak about regulation 20 minutes

before he spoke? I don't even think the media gave us 20 minutes notice.

[DJ13]

10. "Did the market know Obama was going to speak about regulation 20 minutes

before he spoke?"


Yeah, there was an outline that was out just after noon eastern time.


Obama calls on congress to pass tough new regulations for financial institutions

Feb 25, 2009 12:05 EST

http://www.talkingpointsmemo.com/news/2009/02/obama_financial_sector_needs_stronger_regulations.php
TPM: News Pages | Talking Points Memo | Obama: Financial sector needs stronger regulations

[jenmito]

11. Then why was the market up about 30 points at about 3:30? n/t

[DJ13]

12. Lemmings dont change direction all at once?

:shrug:

[Kaylee]

8. I like how Tamaron (?) countered her "THERE'S NO DETAILS" complaint...

by saying, "Maybe they just don't like what the details are" (actually being regulated for a change).

Anyway, "the market" does not always have our best interests at heart. Hell, the market goes up every time a company lays off 20,000 people.