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Politics : RAMTRONIAN's Cache Inn -- Ignore unavailable to you. Want to Upgrade?


To: NightOwl who wrote (13898)3/17/2008 9:34:35 AM
From: NightOwl  Respond to of 14464
 
Well after listening to as many of the teleticker "analysts" flapping their gums for 2 hours I "see" precious few connections being made between the cost of Bush's boondoggle in the Mideast and the current lack of credit being given our markets.

I doubt this warning shot will be followed by a complete collapse. But if the Dems do not nominate Obama I have to believe there'll be a huge out flow of capital from anything with a U.S. stamp on it. I certainly won't remain in the markets if we get a Presidential race in which Clinton is vying with McCain over who will carry the biggest stick when dealing with the rest of the world.

I could be wrong certainly but everything I see is pointing to our repeating the very same mistakes that brought down the USSR. I might get out of the market before November even if Obama is nominated should he start sounding more like Teddy Roosevelt and less like Franklin Roosevelt.

0|0



To: NightOwl who wrote (13898)3/17/2008 12:00:53 PM
From: Tom Caruthers  Read Replies (1) | Respond to of 14464
 
Although it's still early, looks like you are right. After opening lower, stocks seem to have stabilized somewhat. Even BSC is trading in the $4 level.

I think people are waiting for the 100 basis point cut in the fed funds rate. Some were speculating it would happen today, instead of tomorrow. Seems that the fed is being very aggressive - hopefully a stance that will breed some confidence in this very shaky market.

Tom