Re: Bloomberg: Get ready for a 4000 DOW by as early as inauguration day! Recovery could take decades!
hp...@lycos.com
> Bush's coupe de grace for America's middle class. The long term
> investor is dead. America's Age of Gluttony has ended...http://www.bloomberg.com/apps/news?pid=20601087&sid=agudZCuyk73g&refe...
Sell now, I repeat, sell now. Buy back into market with DOW at
6500-7000. Enjoy the discount!
mitch
California Poppy
Bush or any president had nothing to do with it. The economy is
pretty much independent of whoever is in office. It is sad though to
see the DOW and my stocks go down.
clams_casino
If you believe the president has no influence, then why do you even
bother to vote?
Marsha
> California Poppy wrote:
>> Bush or any president had nothing to do with it. The economy is
>> pretty much independent of whoever is in office. It is sad though to
>> see the DOW and my stocks go down.
>>
>>
> If you believe the president has no influence, then why do you even
> bother to vote?
Presidents have influence over other things, don't you think?
Marsha
SMITH29
xxxx
Garner cash and be ready for the turn around.
Sell nothing and sit tight.
Some REAL bargains are coming up.
Fuel is much lower in price so enjoy.
29
clams_casino
Primarily, the economy and international relations.
GW has obviously been 0 for 2.
Nicik Name
"California Poppy" <GoldenSt...@aol.com> wrote in message
news:2725bb65-b0bb-411f...@k24g2000pri.googlegroups.com...
On Nov 19, 3:36?pm, hp...@lycos.com wrote:
> On Nov 19, 4:23?pm, thylacoleocarni...@clearwire.net wrote:
>
> > Bush's coupe de grace for America's middle class. The long term
>
> Sell now, I repeat, sell now. Buy back into market with DOW at
> 6500-7000. Enjoy the discount!
>
> mitch
Bush or any president had nothing to do with it. The economy is
pretty much independent of whoever is in office. It is sad though to
see the DOW and my stocks go down.
BUT the STATE of the economy just installed a BLANK sheet President elect
for just that.
ENJOY...........
By the way ..............day trade your stocks 20 50 200 day moving average.
NOT 401 ks .........OK
mg
There are lots of ways the president can effect the economy. Bush, for
example, prevented attempts by the states to head off the mortgage
crises. Here's a news clip:
"Several years ago, state attorneys general and others involved in
consumer protection began to notice a marked increase in a range of
predatory lending practices by mortgage lenders," Spitzer wrote. These
involved misrepresenting repayment terms, loans to inappropriate
borrowers, loans with low rates that would later "balloon" called
"teaser" loans, secret commissions and kickbacks. "If left unchecked,
[these practices] threatened our financial markets," he wrote.
The Bush administration not only ignored warning signs and criticisms
from him and others, Spitzer alleged, but aligned itself with the
banks and mortgagees involved in these schemes and scams. "The threat
was so clear that I joined with colleagues in the other 49 states in
attempting to fill the void left by the federal government," Spitzer
said. "State attorneys general of both parties brought litigation or
entered into settlements with many subprime lenders that were engaged
in predatory lending practices. Several state legislatures enacted
laws aimed at curbing such practices."
The Bush administration blocked the states through an agency called
the Office of the Comptroller of the Currency [OCC], auditor of the
nation's banks. "For the first time in its history, the OCC was used
as a tool against consumers," wrote Spitzer.
In 2003, the OCC used a clause from the 1863 National Bank Act that
pre-empted all state predatory lending laws, then imposed its own
rules that protected lenders. All 50 states fought the feds.
"When my office opened an investigation of possible discrimination in
mortgage lending by a number of banks, the OCC filed a federal lawsuit
to stop the investigation," Spitzer said. . ."
http://www.financialpost.com/scripts/story.html?id=fcfca8d1-81e8-4164-98c5-dfd06d5c6cef&k=46258