6,601.85

[uppityperson]

Today's DOW low, so far.

[taught_me_patience]

1. Obama has shown serious lack of leadership

in regards to the stock market. He must do something to contain the damage that is going on. An entire generation of investors will feel disenfranchised with investing in the stock market.

The S&P at 683 is a bigger deal than the DOW.

[ixion]

2. this is not about Obama... this is a return to real value

at point that we have yet to reach. The damage was done over the last 15 years or so. This is paying the bill.

Hence, there is nothing to contain. The quicker we get back to real value, the quicker we can start to recover.

[Auggie]

3. Lack of leadership? Just what the heck is he supposed to do?

Presidents do not control the stock market.

[taught_me_patience]

6. First, he can order turbo Timmy

to stop having press conferences announcing that they have a plan. We know they have a plan... let's see some damn action. Turbo Timmy is not inspiring confidence until he shows he's actually DOING something.

Secondly... he's gotta put healthcare on the back burner. The economy is much more important now.

[Kalyke]

27. The healthcare crisis has helped CAUSE the economic collapse.

American manufacturing and industry cannot compete with countries that offer national healthcare; therefore, these companies are more tempted to take jobs overseas where they can pay people less and don't have health insurance obligations.

American jobs are lost. People stop buying from corporations, resulting in more job loss, resulting in stock market failure.

[merh]

4. I'm sorry but I don't know what you expect Obama to do.

He is just the president, he is not god.

[taught_me_patience]

7. Do something

stop having press conferences announcing that they have a "plan". I know they have a "plan"... I want to see some action on that plan and some results.

[merh]

9. That's a bunch of hooey

He can't control others, he can't control the market - he can't control greed - he is just a man, he is no god.

[uppityperson]

12. WHAT would you like to see him do, beyond stopping press conferences?

WHAT action could he do? Serious question.

I am frustrated and scared also, but wondering, if you were king/queen of the universe, or President, WHAT exactly could or would you do, should he do?

[taught_me_patience]

31. Announce something like...

"The treasury has partnered with ABC Capital and has purchased $20B in CDO_x tranche x". The more they talk about doing something but don't follow through, the more investors lose confidence and feel like there is nothing the Treasury or Fed CAN do.

[SidneyCarton]

32. Perhaps he can wave a wand and make me taller too?

This is the return to sanity, and it is being accomplished, unfortunately with the ruin of one generation, and it will have to be paid for by another, mine. Alienated from the market? Spare me, I am more worried about being alienated from income, shelter and food, the market was always a gamble, the piper has just finally come to collect.

[Terran]

25. No "plan" no matter how good

is going to prevent chicken-shit investors from dumping their stocks. Hhe already publicly advised people that there are a lot if good bargains out there now and maybe people might want to consider buying instead of selling...what more can he do? The stock markets move daily on whims, totally unlike the economy as a whole.

[nadinbrzezinski]

29. Recommend you pick up a HISTORY BOOK

on the Great Depression

Read about FDR... and HOW LONG IT TOOK FOR THE PLAN TO TAKE HOLD

DAMN IGNORANT FOOL

the plans they have announced and SIGNED into law, will not start be be felt for at least nine months

You think this is pixie powder? What fucking amazing magical thinking

[Baikonour]

5. I'm going to assume you were being sarcastic.

I'm not in the mood to entertain such stupidity.

[JJ]

8. WTF?

Exactly what is Obama supposed to do?
Bush's (actually Reagan's) chickens are coming home to roost, and there isn't much anyone can do about it.
This economic meltdown has been 3 decades of "deregulation" in the making, and cannot be stopped easily or quickly, if at all.

[Cessna Invesco Palin]

13. Yes, he should just sign an executive order putting the stock market back to 14,000.

Using the magical economy wand he stole from Alan Greenspan.

[Sherman A1]

14. Wall Street should be happy with

what they have gotten in bailouts thusfar. If I were in charge, the Robber Barons would all be in Gitmo enjoying the water sports, because they are the real terrorists.

[Kalyke]

23. How is that bad?

Most of those "investors" who are feeling the pinch are the middle class who really believed investing in 401Ks was actually about allowing them to gamble for their future savings. In reality, it was about putting more middle class money into the stock market so the market-savvy elite could steal it - which they've done.

Not sure I care what the market does at this point.

[beac]

30. One thing that never seems to get mentioned is that many people

are having to sell stocks to raise money to live on. It's not always a question of consumer confidence, but practicality.

[Xenotime]

34. Where the hell do you get off saying he has shown "Lack of leadership?!?"

How the hell is he supposed to support an already wrecked * economy? He signed a stimulus package. You need to give that a chance to work. PRESIDENT Obama will turn our country around and make it great like it once was again.

[taught_me_patience]

35. The government can do a lot more than the simple fiscal stimulus

He has repeatedly destroyed investor confidence with:

1) Press conference non-announcements
2) Saying he's focused on health care now (the time is not now to be focused on health care. Economy is #1)
3) Geithner's incompetence (lack of any type of execution on his "plan")

[uppityperson]

36. Huh, and all this time I thought it was the Clenis's fault.

Who taught you patience?

[taught_me_patience]

38. A 22% drop in the SP500 since Feb 9 is not acceptable

Sorry... that is panic.

[uppityperson]

39. I agree. I just don't understand why it is Obama's fault.

It took many yrs to get to the top of the ride. Now that we are on the downward plunge, seems Obama is doing things to put on the brakes but stopping the cart is impossible. Seems he is doing things to start slowing it, but it will continue to plunge for some time.

[Dukkha]

40. I'm inclined to blame 8 years of incompetence & irresponsibility

rather than a 44 day clean-up effort that has been blocked every step of the way

[uppityperson]

41. Me too. eom, nt etc. Thank you. eom

[uppityperson]

10. 6,600.65 NASDAQ 1306.69 S&P 684.5

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=3768332&mesg_id=3768332

[Confusious]

11. 5500 on the way!

Who knows, it could go lower. We ran out of money to buy stuff because we shipped all our jobs overseas, then we bought everything on credit, until we couldn't get any more credit, then we mortgaged our homes out to buy more stuff, we got nothing left.

[leftstreet]

15. For a minute I thought this was the current # of Iraq/Afghanistan casualties

Meh.

[uppityperson]

16. USA 661 + 4255 = 1116

[ozu]

17. Obama turns focus to health care "- 1 hour ago"

http://www.msnbc.msn.com/id/29524754/

This is my only problem with what the administration is doing. Healthcare reform is absolutely a major concern, but turning your attention away from the economy right now sends the message (rightly or wrongly) to investors that you're not 100% focused on preventing a collapse.

2/3 of the credit that was in the system is funded by non-banks and private investors and they're not putting their money back in unless they're comfortable that it's safe.

[SemiCharmedQuark]

22. Health care is PART of the economy. When companies are saying their costs are too high because

their benefits include healthcare we KNOW it's part of the economy.

[SidneyCarton]

33. Aren't we already in the midst of a collapse?

When the levee has already broken, it's a little late to stick one's finger in the dike.

[uppityperson]

18. 6,568.24

[southasiawatch]

19. wowsers!

lulz. Capitalism is working very well.

[GoesTo11]

20. That was the good old days.

6557 now.

[GoesTo11]

21. Oops

down 1/10 % even as I typed that.

[TahitiNut]

24. New low: 6,544.10 ... since April 1997

:bounce:

[MercutioATC]

26. They seem to really not want it to break 6500.

Maybe tomorrow...

[nadinbrzezinski]

28. Hmm this is looking more and more like 32-33

oh wait, that history tour...

Can I get off the damn repeat ride?

[Liberal_in_LA]

37. 6577