Prediction for how far the market crashes tomorrow?

[uglyslidedave 2]

Aahh, unable to answer the question.

 

I don't really know how I could ask the question in any more simple terms. And, it's a fair question since the market tanked the day after the election 4 years ago.

 

I realize having a grown up conversation with somebody who has differing opinions can be tough for a hack like you, but you should try it sometime. You might actually learn something.

+1

[BunnysBastatrds 1,927]

That's the dumbest sh!t I have ever heard. If Saks didn't drop your family's healthcare before when there would have been NO penalty for doing so, why would they now drop your family's coverage when they would have to pay thousands of dollars as a result?

 

Seriously, do you think through any of this dumb sh!t before posting?

 

 

It's very simple Worms. When my wifey's company decides that it is more profitable to drop us, and they will, they will only have to pay a small fine(2 Grand) and not worry about us anymore as the feds will expect us to find an insurer and her and her salary won't increase even though they our monthly bill for health care will. In other words, we will be dropped by or current insures and the monies will come out of our pocket. In other words, we will be expected to find other coverage and our HC will double since the HC we have now under the current policy we have will be worthless since her company can drop us. That means we will have to come up with 13 grand next year when we were only paying 6 grand before.

 

Saks has zero incentive to pay for HC anymore as the fine is much less than paying for HC as it was previously written. What don't you get about that? There is going to be a fine for those who don't pay and the IRS is on the job according to Obamacare.

 

You don't know this? I'd say I'm shocked but that would be stoopid on my end.

[nikki2200 4]

It's very simple Worms. When my wifey's company decides that it is more profitable to drop us, and they will, they will only have to pay a small fine(2 Grand) and not worry about us anymore as the feds will expect us to find an insurer and her and her salary won't increase even though they our monthly bill for health care will. In other words, we will be dropped by or current insures and the monies will come out of our pocket. In other words, we will be expected to find other coverage and our HC will double since the HC we have now under the current policy we have will be worthless since her company can drop us. That means we will have to come up with 13 grand next year when we were only paying 6 grand before.

 

Saks has zero incentive to pay for HC anymore as the fine is much less than paying for HC as it was previously written. What don't you get about that? There is going to be a fine for those who don't pay and the IRS is on the job according to Obamacare.

 

You don't know this? I'd say I'm shocked but that would be stoopid on my end.

 

NO. Just No. What is RETARDED about this whole debate is.... prior to Barack Obama being elected president and introducing something called Obamacare.... 10s of thousands of companies across the US provided HC coverage to their employees. No one told them they have to do this. It was not a law. They did it because if you want to get talented people to come work for your company you have to provide benefits to them one of which is health care coverage. Other things include competitive 401K and pension plans. Because if you did not have these things, smart talented people do not want to work for your company and will go to work at another company that provides such things.

 

So please explain to me how Obamacare has any effect on the free market whatsoever because any company that was worth a damn was already providing health care to their employees out of sheer market demand?

[Flashover 0]

The stock market has actually been doing surprisingly well over the past four years contrary to our growing economic problems. Hasn't it?

 

 

God you people are so dumb.

 

Yes it has. The Dow Jones Industrial Average is up 70 percent, the Standard & Poor’s 500 index is up 81 percent, and the NASDAQ composite index (heavy with tech stocks) is up 119 percent according to factcheck.org

[nikki2200 4]

Yes it has. The Dow Jones Industrial Average is up 70 percent, the Standard & Poor’s 500 index is up 81 percent, and the NASDAQ composite index (heavy with tech stocks) is up 119 percent according to factcheck.org

 

 

So why aren't all the republicans celebrating Obama like a goddammm modern day focking hero?????? I mean all these people on this bored are uber rich and don't even need to work and are living off of capital gains right? They should be holding a bonfire in the street celebrating their wealth under Obama.

[Flashover 0]

So why aren't all the republicans celebrating Obama like a goddammm modern day focking hero?????? I mean all these people on this bored are uber rich and don't even need to work and are living off of capital gains right? They should be holding a bonfire in the street celebrating their wealth under Obama.

 

Because that would mean they would be supporting a muslim...no Kenyan...no, a Kenyan Muslim!

 

 

 

 

 You can't root for the other side even if it benefits the country! 

[nikki2200 4]

Because that would mean they would be supporting a muslim...no Kenyan...no, a Kenyan Muslim!

 

 

 

 

 You can't root for the other side even if it benefits the country! 

 

 

Mooslim. Get it straight!!!!

 

 

 

CNN is talking about right now how Barack Obama has been very favorable to the market and made them very wealthy :-D

[Flashover 0]

Mooslim. Get it straight!!!!

 

 

 

CNN is talking about right now how Barack Obama has been very favorable to the market and made them very wealthy :-D

 

D'oh! Mooslim! I'm so stoopid!

[NorthernVike 2,080]

One hour before opening bell.

 

Dow futures down over 100

NASDAQ futures down over 22

S&P futures down 11

 

 

I'll be keeping my money in the market for now. But I will be watching the fiscal cliff very closely and pull my money out quickly if it looks like the dumbfucks in Washington are going to continue to fock the average American.

[RLLD 3,455]

So why aren't all the republicans celebrating Obama like a goddammm modern day focking hero?????? I mean all these people on this bored are uber rich and don't even need to work and are living off of capital gains right? They should be holding a bonfire in the street celebrating their wealth under Obama.

 

Power.

 

It's not about money so much as power. The people vying for it crave that sense of power like a drug. Obama has taken from them their drug, and they focking hate him for it.

[patweisers44 700]

down over 150 minutes after the opening bell.

[NorthernVike 2,080]

Updated: 11/07/2012 10:36 ET

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DOW

 

13,065.59

 

-180.09

 

 

 

NASDAQ

 

2,972.75

 

-39.18

 

 

 

S&P

 

1,408.80

 

-19.59

[BLS 313]

Updated: 11/07/2012 10:36 ET

 

 

 

DOW

 

13,065.59

 

-180.09

 

 

 

NASDAQ

 

2,972.75

 

-39.18

 

 

 

S&P

 

1,408.80

 

-19.59

 

 

 

13027.65 -218.03‎ (-1.65%‎)

[mmmmm...beer 691]

-231.62

[cyclone24 1,814]

-245.08

 

 

This guy continues to impress

[BLS 313]

12930.99 -314.69‎ (-2.38%‎)

[IGotWorms 3,326]

Does this thread make you guys feel better? Everyone desires validation in one form or another, I suppose

[hoytdwow 202]

Let me know when you start the thread praising the president when the DJIA goes back up. If it's his fault that it goes down, he gets credit when it rises, right?

 

TIA

[NorthernVike 2,080]

Does this thread make you guys feel better? Everyone desires validation in one form or another, I suppose

Not one focking bit. It just goes to show that the business world and investors don't believe in Obama's economic policies. I hope he takes note of that and adjusts his plans going forward.

[mmmmm...beer 691]

Does this thread make you guys feel better? Everyone desires validation in one form or another, I suppose

 

You keep trying to make this political. Its just what happens. Dude you and I are cool... But I didn't realize you'd become so steeped in it man.

 

Am I diappointed in the results? Sure, personally I disagree with a sh!t ton of mostly social issues with the dem party. Am I still going to be successful and kick ass under this administration? Yes... but thats just me. I can move on fine.

[RLLD 3,455]

Are we to assume that the stock market would have risen if Romney was elected?

 

What does this tell us about each man and their policies?

 

The middle class and poor were firmly behind Obama, the wealthy firmly behind Romney. Why?

 

Isn't it obvious that the wealthy have become their own worst enemy? Backing a political party that wants to isolate significant groups of people and hoping that they can sway the voet of the majority?

 

Please.....just dumb....

[Mungwater 588]

At least I won't have to pay taxes on any gains

[NorthernVike 2,080]

Are we to assume that the stock market would have risen if Romney was elected?

 

What does this tell us about each man and their policies?

 

The middle class and poor were firmly behind Obama, the wealthy firmly behind Romney. Why?

 

Isn't it obvious that the wealthy have become their own worst enemy? Backing a political party that wants to isolate significant groups of people and hoping that they can sway the voet of the majority?

 

Please.....just dumb....

You know better than this.

 

The market is tanking because the election has produced a worse case scenario for the financial stability of our nation. We have a huge problem coming up in the "financial cliff". We now have the same set up in the house of reps and the white house that put us in this position in the first place. Nothing has changed and no deal will be easily done. It may not get resolved in time and that is what wall street is looking at. Hence the sell off.

[Quickolas1 80]

The market is tanking because the election has produced a worse case scenario for the financial stability of our nation. We have a huge problem coming up in the "financial cliff". We now have the same set up in the house of reps and the white house that put us in this position in the first place. Nothing has changed and no deal will be easily done. It may not get resolved in time and that is what wall street is looking at. Hence the sell off.

 

there's the answer. not "Obama's policies" as you just said 4 posts or so ago.

BUT everyone knew this election outcome was the most likely...so whoever is selling is not too bright.

going to be a great buying opportunity soon if this continues. the markets were underpriced to begin with.

[NorthernVike 2,080]

there's the answer. not "Obama's policies" as you just said 4 posts or so ago.

BUT everyone knew this election outcome was the most likely...so whoever is selling is not too bright.

going to be a great buying opportunity soon if this continues. the markets were underpriced to begin with.

"Obama's policies" do tie into the whole thing. Spending, taxes, etc...

 

I don't put the blame soley on him. There are 500+ other idiots in Washington that cannot act like adults and do the job they were hired for.

 

 

 

This country NEEDS term limits on both houses of Congress. ASAP!

[Bruce Benedict 0]

Got all my chips in the day Bubba took office, took them all out the day W. went in. Gleefully yelled "ALL IN!" once again when Obama took the helm.

 

Which, for those of you scoring at home, means that by avoiding the republican-fueled fiscal idiocy pitfalls, the market is up a net...oh, 13,000 odd points during that stretch if you followed the simple "get the fock out when conservatard policy is doomed to fock you" strategy and simply avoided W.'s collapse.

 

You imbeciles getting out now are doomed to the "those who don't know history" trap. If a R wins in 2016, I'll be out in December, when we're sitting pretty around 20,000.

 

Just because Republicans will tell you they're good for your pocketbook doesn't mean you 100% HAVE to be stupid enough to believe them.

 

SOCIALISM AND POT!

[DankNuggs 305]

Backing a political party that wants to isolate significant groups of people and hoping that they can sway the voet of the majority?

 

Like single dependant women, latinos, blacks...etc?

 

Repubs didn't do a good enough job with messaging the fact that a good economy helps everybody, and that breaking down the country into little groups fighting with eachother is counterproductive... That and the religious right hamstrung them.

 

Perfect can be the enemy of good... It was a race to see who would charge the middle ground and Romney wasn't allowed to do it, so he came up short...

[Bruce Benedict 0]

D = Invest.

R = Get out.

 

INVESTMENT YENIUS!

[DankNuggs 305]

Got all my chips in the day Bubba took office, took them all out the day W. went in. Gleefully yelled "ALL IN!" once again when Obama took the helm.

 

Which, for those of you scoring at home, means that by avoiding the republican-fueled fiscal idiocy pitfalls, the market is up a net...oh, 13,000 odd points during that stretch if you followed the simple "get the fock out when conservatard policy is doomed to fock you" strategy and simply avoided W.'s collapse.

 

You imbeciles getting out now are doomed to the "those who don't know history" trap. If a R wins in 2016, I'll be out in December, when we're sitting pretty around 20,000.

 

Just because Republicans will tell you they're good for your pocketbook doesn't mean you 100% HAVE to be stupid enough to believe them.

 

SOCIALISM AND POT!

So you timed the .com bubble, timed the housing bubble... Wonderful, you should write some kind of snarky newsletter telling everyone how you timed the markets... Bush spent like a muthaf*****, his spending didn't hurt any of the markets, your rationale makes no sense...

 

Liberalism: Confusing Cause and Effect

[Quickolas1 80]

"Obama's policies" do tie into the whole thing. Spending, taxes, etc...

 

I don't put the blame soley on him. There are 500+ other idiots in Washington that cannot act like adults and do the job they were hired for.

 

This country NEEDS term limits on both houses of Congress. ASAP!

 

agree totally with each sentence you said. I just mean I believe today's volatile reaction is the fact that the election got so close (50-49%) but the outcome was very unlikely to change. senate races included especially when the 2 repubs opened their mouths about rape a few weeks back.

 

Boehner said the right thing last night. the Senate minority leader...not so much. how long has that dude been a Senator? waaaaay too long. I'm equal opportunity - Pelosi and Reid can go too.

[hoytdwow 202]

 

This country NEEDS term limits on both houses of Congress. ASAP!

+1

 

I'll see your congressional term limits and raise you judicial branch term limits.

[drobeski 3,061]

Hey, we can all get government jobs.

[DankNuggs 305]

NO. Just No. What is RETARDED about this whole debate is.... prior to Barack Obama being elected president and introducing something called Obamacare.... 10s of thousands of companies across the US provided HC coverage to their employees. No one told them they have to do this. It was not a law. They did it because if you want to get talented people to come work for your company you have to provide benefits to them one of which is health care coverage. Other things include competitive 401K and pension plans. Because if you did not have these things, smart talented people do not want to work for your company and will go to work at another company that provides such things.

 

So please explain to me how Obamacare has any effect on the free market whatsoever because any company that was worth a damn was already providing health care to their employees out of sheer market demand?

you think of business only as big business... Its small businesses that get crushed by this...

 

Just as idiots see the DJIA go up and take this to mean all business is going well...

 

The run around is that there will be LOTS more part time jobs... Any low level fulltime job will get split into part time jobs to avoid the HC costs...

[NorthernVike 2,080]

+1

 

I'll see your congressional term limits and raise you judicial branch term limits.

I have no problem with that either.

 

 

Now, lets address special benefits members of congress get.

[mmmmm...beer 691]

Hovering around -275 now. Was its worst at -369 but seems to have recovered slightly.

[Casual Observer 597]

Are capital gains tax rates set to go up Jan.1?

[NorthernVike 2,080]

Are capital gains tax rates set to go up Jan.1?

The Bush tax cuts would expire, so not only would capital gains tax increase so would individual income tax rates. On the plus side, cuts to all government programs would be forced.

 

 

The overall impact is projected at a 4-5% hit on GDP sending us into a very deep recession or depression.

[IGotWorms 3,326]

You keep trying to make this political. Its just what happens. Dude you and I are cool... But I didn't realize you'd become so steeped in it man.

 

Am I diappointed in the results? Sure, personally I disagree with a sh!t ton of mostly social issues with the dem party. Am I still going to be successful and kick ass under this administration? Yes... but thats just me. I can move on fine.

 

We're cool. You just sounded like a sore loser last night so I called you out on it. Had Romney won I probably would've been bitter myself. Actually I probably would've needed a hiatus from the bored.

 

[IGotWorms 3,326]

You know better than this.

 

The market is tanking because the election has produced a worse case scenario for the financial stability of our nation. We have a huge problem coming up in the "financial cliff". We now have the same set up in the house of reps and the white house that put us in this position in the first place. Nothing has changed and no deal will be easily done. It may not get resolved in time and that is what wall street is looking at. Hence the sell off.

 

There is practically a 0% chance the fiscal cliff actually happens. That was true regardless of who won last night. Anyone selling on that basis alone is a damned fool.

[NorthernVike 2,080]

There is practically a 0% chance the fiscal cliff actually happens. That was true regardless of who won last night. Anyone selling on that basis alone is a damned fool.

Why are you so certain that the idiots in Washington won't let it happen? Think about it. Both sides get what they want. Obama...higher taxes, Republicans...spending cuts. Both sides can claim victory and not take the blame from the other.