SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: Lazarus_Long who wrote (141280)4/29/2001 11:00:10 PM
From: Scumbria  Read Replies (1) | Respond to of 769667
 
James,

I posted a link to a poll which showed public confidence in the economy dropped by 15% during Bush's first three weeks in office. The stock market plunged by 40% during the first 9 weeks of Bush's presidency.

When people expect the market to drop, they sell. That is why Reagan forcefully ended the slide in 1987 by telling Wall Street they were FOS. Bush took the opposite approach which was- fanning the flames.

When the President of the United States tells the world that the economy is going into recession, people bail out of the stock market. Any moron can figure that one out.

Scumbria



To: Lazarus_Long who wrote (141280)4/29/2001 11:12:55 PM
From: Scumbria  Respond to of 769667
 
James,

Try this one:
quote.yahoo.com^DJI&d=c&k=c1&a=v&p=s&t=3m&l=on&z=m&q=b
Doesn't look so bad, does it


The bottom coincides to the day with Bush declaring "signs of improvement". Seems they reversed course again this weekend. Look for a slide again next week.

Scumbria