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(Breitbart.com)   Stocks down 1200 points since Obama's election. It's almost as though institutional investors don't believe his ideas will work   (breitbart.com) divider line 195
    More: Obvious  
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1214 clicks; posted to Politics » on 12 Nov 2008 at 11:34 PM (6 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2008-11-12 07:17:47 PM  
Or it could be that institutional investors are nervous about the clusterfark that Hank Paulson is making of the bailout package.

You suck at jumping to conclusions, submittard.
 
2008-11-12 07:18:02 PM  
Or it could be that Bush is still in charge.
 
2008-11-12 07:20:11 PM  
or it could be that it's november, holiday retail numbers aren't looking good and are only going to get worse, and the retail sector is going to post really shiatty numbers for the fourth quarter.

among other, similar situations.
 
2008-11-12 07:20:55 PM  
Also, people who go to cardiologists often die of heart disease. Therefore, cardiologists cause heart attacks.
 
2008-11-12 07:21:53 PM  
OR it could be we're through the looking glass now where white is black and down is up.
 
2008-11-12 07:23:42 PM  
meh, his victory has basically been built in to the markets for months now, investors aren't idiots, they knew who was going to win this one long ago.
 
2008-11-12 07:24:03 PM  
MisterTweak: Also, people who go to cardiologists often die of heart disease. Therefore, cardiologists cause heart attacks.

I always heard that one as oncologists and cancer, but same diff.
 
2008-11-12 07:24:35 PM  
Yeah, they're only down a few percentage points more than they were BEFORE he was elected.
 
2008-11-12 07:25:47 PM  
Because if there's one group of people who know what the hell is going to happen in the world, it's people who play the stock market.
 
2008-11-12 07:30:07 PM  
Or it could be that the Wall Street fatcats are trying to scare the regular investor out of the market before they make another killing. Even pretending to kill off some of their major banks, it's a great way to make sure that people will believe them next time.
 
2008-11-12 07:30:29 PM  
This redlighted FARK headline sums up subby's logic well:
October unemployment figures spike to the highest level in fourteen years in response to Obama victory

/oh, and don't miss Gary's comments in that thread
 
2008-11-12 07:34:01 PM  
Tabatha Static: /oh, and don't miss Gary's comments in that thread

i love the part where he blatantly ignores the prior 9 consecutive months of job loss and acts as if october were special in that regard.

/they all did the same thing the month before, and the month before, etc.
 
2008-11-12 07:37:58 PM  
Tabatha Static: /oh, and don't miss Gary's comments in that thread

I'm shocked that he'd troll
 
2008-11-12 07:48:32 PM  
bulldg4life: I'm shocked that he'd troll

I don't wanna be pedantic, but I'm gonna argue your point.

Gary's unique charm is in that he's not trolling in the strictest definition of the term... compared to some of the other mean-spirited prattler trolls around here, Gary honestly & truly & thoroughly believes all the meat-headed things that he so proudly proclaims, regardless of the sheer weight of fact to the contrary.

I don't find him annoying as much as I find him astonishing.
 
2008-11-12 07:48:33 PM  
everything wrong in the universe is Obama's fault. Republicans are responsible for nothing bad. Drink your koolaid now kiddies.
 
2008-11-12 07:58:39 PM  
Economic indicators have a well-known white person bias.

Seriously, Subby, get off the crack. This has been in the works for over 12 months.
 
2008-11-12 08:18:58 PM  
Too bad we didn't elect McCain, we'd be wiping out asses with caviar by now.
 
2008-11-12 08:26:21 PM  
submitter: Stocks down 1200 5800 points since Bush's 2004 election. It's almost as though institutional investors don't believe his ideas will work

Fixed that for YA!
 
2008-11-12 08:29:17 PM  
Tabatha Static: Gary's unique charm is in that he's not trolling in the strictest definition of the term... compared to some of the other mean-spirited prattler trolls around here, Gary honestly & truly & thoroughly believes all the meat-headed things that he so proudly proclaims, regardless of the sheer weight of fact to the contrary.

I don't find him annoying as much as I find him astonishing.


I LOL'd so hard I farted!
 
2008-11-12 08:30:19 PM  
Why on earth would seasoned investors pay attention to things like profit reports?
 
2008-11-12 08:35:59 PM  
MisterTweak: Also, people who go to cardiologists often die of heart disease. Therefore, cardiologists cause heart attacks.

Pretty much this.
 
2008-11-12 08:37:14 PM  
Tabatha Static: bulldg4life: I'm shocked that he'd troll

I don't wanna be pedantic, but I'm gonna argue your point.

Gary's unique charm is in that he's not trolling in the strictest definition of the term... compared to some of the other mean-spirited prattler trolls around here, Gary honestly & truly & thoroughly believes all the meat-headed things that he so proudly proclaims, regardless of the sheer weight of fact to the contrary.

I don't find him annoying as much as I find him astonishing.


I do believe we have found Bill Kristol's Fark account.
 
2008-11-12 08:54:05 PM  
img142.imageshack.us

That is all.
 
2008-11-12 09:14:48 PM  
King Something: That is all.

This is more like Post hoc ergo propter hoc.
 
2008-11-12 09:19:50 PM  
Tabatha Static: Gary's unique charm is in that he's not trolling in the strictest definition of the term... compared to some of the other mean-spirited prattler trolls around here, Gary honestly & truly & thoroughly believes all the meat-headed things that he so proudly proclaims, regardless of the sheer weight of fact to the contrary.

Not really. He thinks he is snarking. That's why he throws in those "/grin" and "/totalSnark" or talks about how people are so serious on this website. And, he usually throws those things out after 15 people jumped on him for saying something so mindnumbingly stupid that the computer screen started to melt.

He just thinks saying stuff so ridiculously stupid is laugh out loud hilarious.

In his mind, he thinks he is unbelievably funny.

I've asked him a few times about it and...swear to god...that's the impression I got.

Of course, he said he put me on ignore the other day because I kept asking him if it made him feel better that he had to be intentionally ignorant and stupid to get people to respond to him. Oh well.
 
2008-11-12 09:24:03 PM  
 
2008-11-12 09:42:06 PM  
bulldg4life: He just thinks saying stuff so ridiculously stupid is laugh out loud hilarious.

I guess I gave him more credit. Now I'm just sad that he hoodwinked me.
 
2008-11-12 09:57:49 PM  
Why do institutional investors hate America?
 
2008-11-12 10:10:37 PM  
Donald_McRonald: King Something: That is all.

This is more like Post hoc ergo propter hoc.


No, the wingnuts are saying that Obama's victory, which happened 8 days ago, is rhe sole cause of the stock market slump, which has been going on for more than 8 days.

It's sort of a reverse Post hoc ergo propter hoc.
 
2008-11-12 10:11:20 PM  
"....The sole cause of the stock market slump...."
 
2008-11-12 10:11:28 PM  
Tabatha Static: I guess I gave him more credit. Now I'm just sad that he hoodwinked me.

I used to give him some credit because he used to be fairly reasonable on energy independence ideas and he just seemed to genuinely not like any politicians. However, over time, it morphed in to the bitter repetition of partisan far-right talking points with little or no effort to be logical or reasonable. At that point, it became nothing more than poking something with a stick to watch the results.
 
2008-11-12 10:14:03 PM  
Buy the rumour, sell the news.

/ain't over yet
//This thing goes to 11
 
2008-11-12 10:15:50 PM  
Nah...they just know Obama's wealth re-distribution doesn't include them.

/the tides are changing for the bunch of middle men who got fat off of other people's labor
 
2008-11-12 11:12:35 PM  
IMPEACH OBAMA
 
2008-11-12 11:31:31 PM  
Stocks down for third straight session?

Let's see, what could stocks do over three sessions?

1) up up up
2) up up down
3) up down up
4) up down down
5) down up up
6) down up down
7) down down up
8) down down down

Looks like if one picks three days at random in a fluctuating market, there's a 1 in 8 chance stocks trend down for a "third straight" session. Is this reporting on a trend, or on noise?
 
2008-11-12 11:35:49 PM  
BushCo still in charge. Doing jack-shiat as usual.
 
2008-11-12 11:36:24 PM  
Skeuomorph: Stocks down for third straight session?

Let's see, what could stocks do over three sessions?

1) up up up
2) up up down
3) up down up
4) up down down
5) down up up
6) down up down
7) down down up
8) down down down

Looks like if one picks three days at random in a fluctuating market, there's a 1 in 8 chance stocks trend down for a "third straight" session. Is this reporting on a trend, or on noise?


You forgot "unchanged". Your math is wrong.
 
2008-11-12 11:38:01 PM  
Trying to blame Obama before he's even taken office.

Well, the good news is we can probably put the "...but Clinton!" argument to rest now.

Or can it be both Clinton and Obama's fault? Hmmm
 
2008-11-12 11:39:00 PM  
Treygreen13: Skeuomorph: Stocks down for third straight session?

Let's see, what could stocks do over three sessions?

1) up up up
2) up up down
3) up down up
4) up down down
5) down up up
6) down up down
7) down down up
8) down down down

Looks like if one picks three days at random in a fluctuating market, there's a 1 in 8 chance stocks trend down for a "third straight" session. Is this reporting on a trend, or on noise?

You forgot "unchanged". Your math is wrong.


Never forget ties!


Anyhoo...I'm going with it has nothing to do with Bush or Obama - the stock market is just full of shiat and wouldn't know what to do with a pile of shiat even if it was already sitting in the toilet with a giant "FLUSH" sign posted on the wall. In fact, they'd probably ask you to buy the shiat.

Nothing to see here, move along folks.
 
2008-11-12 11:40:15 PM  
Atillathepun: Or it could be that Bush is still in charge.

Nope.

Stocks are bet on the future.
 
2008-11-12 11:41:08 PM  
PC LOAD LETTER: IMPEACH OBAMA

Now that's Change I can believe in!
 
2008-11-12 11:42:17 PM  
Dear submitter:

Correlation does not imply causation.

/cue pirate vs global temperature graph
 
2008-11-12 11:43:29 PM  
The quintessential company that should be hurt by Obama being elected is Halliburton. But HAL and the DOW are both down the exact same amount, 14%, since the election. Clearly the market was pricing in the election result for better or worse well before 11/4, and the recent changes are a reaction to non-political economic news.
 
2008-11-12 11:43:38 PM  
It isn't like we're headed into a global recession or anything. Oh wait.
 
2008-11-12 11:44:22 PM  
Subtard, the reason institutional investors are rich and you are not is that they understand "buy on the rumor, sell on the news."
 
2008-11-12 11:44:38 PM  
Will somebody cue the Lisa Simpson Tiger quote? It took a long time comming and it will take a long time getting back.


/correlation =/ causation etc. etc.
 
2008-11-12 11:45:01 PM  
Tabatha Static:
Now I'm just sad that he hoodwinked me.

If it makes you feel any better, I think I love you.

/that probably makes you feel worse
 
2008-11-12 11:45:19 PM  
yogaFLAME: Dear submitter:

Correlation does not imply causation.

/cue pirate vs global temperature graph




Damn you, you beat me to it.
 
2008-11-12 11:46:59 PM  
Skeuomorph: Stocks down for third straight session?

Let's see, what could stocks do over three sessions?

1) up up up
2) up up down
3) up down up
4) up down down
5) down up up
6) down up down
7) down down up
8) down down down


I think you just gave the stock market 30 extra lives.
 
2008-11-12 11:47:01 PM  
See Barack rhymes with Iraq, so that means he got us into the war too. He's retroactively responsible for everything that went wrong under Bush.
 
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