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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: sea_biscuit who wrote (590308)	7/13/2004 4:12:12 PM
From: tejek	Respond to of 769667

Cramer is silly. The stock-market is doing what it does in a secular bear-market. The cyclical bull that started in Oct 2002 has more or less run its course and we are set for the next leg of the secular bear, which would be a resumption of the downside. There will be a few more cyclical bulls and bears in the coming years and the whole process can take a decade or even longer and will leave the investing public completely exhausted and totally uninterested in stocks (at a time when stocks are trading under 10 times earnings and dividend yields are 5% or 6% or even more). If what you say is true, and Cramer is wrong, the markets are signaling another potential downturn in economy. They have been going downhill for 6 months now. There are a lot of reasons why Dumbya needs to be blamed -- the war in Iraq, the huge budget and trade deficits, his divisive social agenda... but blaming him for a stagnant stock-market is ridiculous. The market does what it does. I disagree.....the president effects the psychology of the nation. If that psychology is negative, it impacts everything including business and the stock markets. In fact, psychology plays a major role in the markets.