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Politics : Don't Blame Me, I Voted For Kerry -- Ignore unavailable to you. Want to Upgrade?

To: ChinuSFO who wrote (76886)	6/5/2006 11:13:23 PM
From: Richnorth	Respond to of 81568

No, you have to tell them as many don't bother to read the news. Nor do they know where Iraq, Iran and Afghanistan are situated on the World Map or Globe. You see, Americans, by and large, are very parochial in their outlook! Let me give you an example. About two months ago, some Americans told me to forget about gold, that gold is unimportant, that it is a "barbarous" relic and it is virtually dead. Guess what happened one week later? Gold soared above $700 per oz! Oh well,,,,,, ========================================= Stocks plunge on inflation fears Updated 6/5/2006 4:33 PM ET NEW YORK (AP) — Inflation fears sent stocks plunging Monday after Federal Reserve Chairman Ben Bernanke warned that the central bank remains determined to keep lifting interest rates until price increases are under control. At the close, the Dow Jones industrial average was down 199.15, or 1.77%, to 11,048.72. The Dow is 5% off its six-year high of 11,642.98, reached May 10. usatoday.com .

To: ChinuSFO who wrote (76886)	6/6/2006 2:49:40 PM
From: Dan B.	Read Replies (2) \| Respond to of 81568

You attribute todays market to the influence of Iran. Perhaps that's so. But so what if so? But no no, you said specifically Iran has more influence over the market than Bush. So the question is, if Iran took the market down 200 points today, does it mean Iran has more influence on the market than Bush, as you claim? The simple answer is: No. And then, should Bush have influence over the market? Well, no, not really. Should world events influence the market more than American Government? Well, yes, IMHO. How do I know how much influence the President can have anyway. Frankly, we all might know that any President's influence logically will likely be minimal and short term, barring the extreme. Of course, given big actions such as say, the President slapping price controls on gas (perhaps setting a maximum price of $1.50/gal.), he might take the market down more than Iran allegedly did. Of course, Iran could attack Israel in a big successful way tomorrow, for all we know. That might take the Market down. Is there something unusual or out of the ordinary or particularly instructive in what you are saying? No, IMHO. Does what you say result from Bush's influence or is it just the nature of the world? Answer: It's the nature of the world. Have you given us anything that truly indicates that the President of Iran has more influence over the DJIA than Bush? The simple answer is: No. Um, and yes, we do say Bush is fighting terrorism, and we are correct. Perhaps you are aware that this threat from Iran has been made before? Perhaps you recognize that you can't back up your claim, and that it makes no political point to bolster your opinions or mine anyway. Dan B.