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To: Celtictrader who wrote (654203)5/8/2012 3:39:03 PM
From: longnshort4 Recommendations  Read Replies (1) | Respond to of 1579106
 
look at your chart, everything went down hill when Pelosi and Ried won, the markets knew businesses were in trouble. Now keep looking at your chart. Remember the market is forward looking, they see Obama and his marxist crap losing in Nov. also they were cheered by the repubs/tea party win in 2010.

I thought you knew something about trading, guess not.

PS Gary was a hard core conservative, he knew how destructive libs are to companies and markets



To: Celtictrader who wrote (654203)5/8/2012 4:37:45 PM
From: i-node5 Recommendations  Read Replies (1) | Respond to of 1579106
 
Whenever I see this chart, I am by the fact that the most severe nosedive and the ensuing recession really picked up steam once it became evident that Barack Obama would be elected. All hope was lost. And rightfully so.



To: Celtictrader who wrote (654203)5/8/2012 5:29:34 PM
From: longnshort  Respond to of 1579106
 
Happy Birthday, F. A. Hayek Posted by David Boaz

Today is the 113th anniversary of the birth of F. A. Hayek, perhaps the most subtle social thinker of the 20th century.

He was awarded the Nobel Prize in Economics in 1974. He met with President Reagan at the White House, and Margaret Thatcher banged The Constitution of Liberty on the table at Conservative headquarters and declared “This is what we believe.” Milton Friedman described him as “the most important social thinker of the 20th century,” and Lawrence H. Summers called him the author of “the single most important thing to learn from an economics course today.”

He is the hero of The Commanding Heights, the book and PBS series by Daniel Yergin and Joseph Stanislaw. His most popular book, The Road to Serfdom, has never gone out of print and sold 125,000 copies last year. John Cassidy wrote in the New Yorker that “on the biggest issue of all, the vitality of capitalism, he was vindicated to such an extent that it is hardly an exaggeration to refer to the 20th century as the Hayek century.”

Last year the Cato Institute invited Bruce Caldwell, Richard Epstein, and George Soros to discuss the new edition of The Constitution of Liberty, edited by Ronald Hamowy. In a report on that session, I concluded:

Hayek was not just an economist. He also published impressive works on political theory and psychology.

He’s like Marx, only right.

Cato published two original interviews with Hayek, in 1983 and 1984.

Find more on Hayek, including an original video lecture, at Libertarianism.org.