Congressional approval rating hits 4 years high

Discussion in 'Politics' started by Notaguru2, Mar 12, 2009.

  1. Notaguru2

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    40% and climbing. You neoncons didn't really think we believed you when you said it was the Democratic leadership that had congress at 14% did you? =)

    DOW is up 600 in the last 3 days. Obama is still setting approval rating records. And you said he didn't have a mandate; you were wrong. If you're against his policies, you're against Obama and his mandate. If you're against Obama, you're against the will of America. If you're against the will of America, you're simply against America. Yes, that includes you; Hannity, Limbaugh, & Levin.

    Who needs the fairness doctrine when those yahoos are single handidly destroying the GOP? =) Surprising, I encourage them to KEEP TALKING! lol
     
  2. B_starinvestor

    B_starinvestor New Member

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    Note,

    ?? You're losing it.:confused: Dow was up because Citi faked a profit in February and Obama and Geithner shut their pieholes.
     
  3. HazelGod

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    :chairfall:

    Careful, 'Festor...you'll wind up staring at yourself in the mirror, holding a drill to your temple. :rolleyes:
     
  4. B_starinvestor

    B_starinvestor New Member

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    Luckily, since the market is down 30% since Barry was elected, I haven't been able to afford a new drill bit. So I'm still alive.
     
  5. HazelGod

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    Really?

    I'm surprised a star investor such as yourself would speak of the DJIA as the whole market and couldn't find a few performing equities to keep himself afloat during these times. When an amateur like myself can make a few ends with short positions and a couple good growth vehicles, your bellyaching doesn't cast your professional capabilities in a very favorable light. I'm guessing not too many folks are impressed with your fascinating ability to retcon market movements when it comes to handling their money.
     
  6. jason_els

    jason_els <img border="0" src="/images/badges/gold_member.gi

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    Oh yeah? Well the World Trade Center is still down 110 stories since Bush was elected.
     
  7. B_starinvestor

    B_starinvestor New Member

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    The OP cited the Dow.

    The rest was sarcasm.

    That said, I am not a predicter of market movements. Moreover, asset allocation unfortunately did not provide many pockets of safety over the last 18 months.

    During the selloff from '00 - '02, smallcaps and value stocks held up rather well, corporate bonds rallied, real estate was stable.....this time around everything got taken down with the tsunamai including corporate bonds, muni's, especially real estate, value, etc. The only place to hide was cash and Treasuries, precious metals.

    I think everybody was surprised at how bad this has become. Buffet thought we were in a bottom last fall when he, rather publicly, made an aggressive play on Goldman preferreds and was vocal about the promising terms of the bailout plan.

    I'm not embarrassed to admit that I got fucking killed. People a lot smarter than I have ridden this thing the whole way down.
     
  8. HazelGod

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    Yes, dipshit...the OP cited the Dow. YOU, the ersatz financial professional, referenced the DJIA as "the market" as though they were synonymous. FAIL.
     
  9. B_starinvestor

    B_starinvestor New Member

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    Oh, is this a forum of financial professionals, dipshit?

    Try searching Wilshire or Russell, even S&P, on this site for an indication of which indici most people use when discussing the market.

    Seen many posts like this, "S&P drops 86 points on signing of stimulus plan?"

    I didn't think so.:rolleyes:
     
  10. HazelGod

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    There's only one here who has proclaimed himself such...yet he doesn't seem to understand that the DJIA isn't the whole market, nor that the plural form of index is indices. Curious, that. :rolleyes:
     
  11. B_starinvestor

    B_starinvestor New Member

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    HazelGOD, you are a remarkable crusader for the American dictionary.

    The DOW is the generally-accepted public proxy for the domestic stock market.

    I am not going to waste time by needlessly using terms that confuse people when I can reference DOW or 'market' and 99% of readers can understand that. You see, I'm not interested in peppering my posts with fifty cent words that nobody is familiar with. I'm more interested in getting my point across with the least amount of confusion possible.

    I'm the anti-HazelGOD. No offense.

    If you would like to discuss alpha, beta, the efficient frontier, negative correlation, straddles, covered call-writing, whatever..send me a PM.

    Congratulations on your intimate relationship with the English language. Really. But for me...I'm more interested in the message than I am the fancy window dressing. K?
     
  12. HazelGod

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    Just seems a bit odd that a lay person like the eponymous OP can exercise enough presence of mind to specifically cite the movement of a particular index, whilst our resident self-proclaimed financial expert speaks of the same subject in the amateurishly ambiguous market terminology.

    Your lack of linguistic understanding is just another link in the chain of your bullshit...unremarkably pedestrian in its own right, but corroborating a pattern of general ignorance that pervades virtually all your bloviations here.

    Or since precise language seems to confound you: you're a know-nothing blowhard, and it shows.
     
  13. tallmanluke

    tallmanluke New Member

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    As I say in most of these threads... Obama is the president. Get used to it.
     
  14. B_starinvestor

    B_starinvestor New Member

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    When somebody, financial professional or not, says, "the market is down 30% since..." and you are completely perplexed and stunned with confusion, then you ought stick to grammer, because finance is ain't your strong suit.

    You're spitting into the wind. Try to contribute something aside from a silly play on words.
     
  15. HazelGod

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    How about you just shut the fuck up until you have something even remotely interesting to say?
     
  16. B_Nick4444

    B_Nick4444 New Member

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  17. midlifebear

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    Damn it all, Jason_els, you forgot to add Neener, Neener, Neener! LMAO!
    (Hope you're feeling bouyant and perky :wave2:)


    And for Nikodemis666 (er, a 4444), kudos. You've actually posted a link that for the first time I've actually found interesting.


    And Star, quite seriously, what exactly is a Triple A-Rated bond? I remember Suze Orman one night mentioning via the miracle of international satellite television that she had the majority of her portfolio tied up in "Triple A-rated bonds." But my research on them always brings up different and conflicting answers. Obviously, I don't own any. I did own a few bundles of multiples of hundred thousands of dollars in tax-free municipal bonds that finally ripened last April and which I immediately converted into cash and bought the last short-term FDIC insured CD's I could find, opened a few new savings accounts at different, unrelated FDIC insured banks in amounts of $95,000 as well as purchased several more sections of the sagebrush steppe at greatly reduced prices, thus enlarging my Big Chunk of Dirt Ranch out in the middle of nowhere Nevada. But I don't live off that chunk o' change. And when those municipal bonds actually paid off, I was quite surprised. Several communities in the same State (Texas) have defaulted big time on their "guaranteed" bonds over the last couple of decades.

    But "Triple A-Rated bonds" have eluded my ability to pin them down. Apparently they mean different things to different people -- none of whom I would trust with caring for a ferrel cat.
     
    #17 midlifebear, Mar 13, 2009
    Last edited: Mar 13, 2009
  18. joyboytoy79

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    øGuru,

    While I enjoy your spark and believe your heart is in the right place, you've rather offended me. I don't mean that in the "you-said-something-about-me-that-offended-me" sort of way, but more in the "what-you-said-is-generally-offensive" sort of way. The bit I highlighted in pink is the wording of concern here. It is exactly the mindless sheeple "patriotic" anti-logic that was strewn down on us by throngs of bush-loving "conservatives" during his first term.

    Being the über-liberal that I am, I don't subscribe to that old adage about turnabout being fair play. The reason I didn't like the anti-logic back then wasn't because it wasn't me that got to proclaim such things; it was because I rather think it is the duty of the people to question things they don't believe in - i.e. it is "patriotic" to do so. Telling people they're anti-american if they question the president's authority is stiffling to the very thing that makes america great: freedom of speech.

    Please don't get me wrong. I vehemently dislike all of the Obama bashing I'm seeing here lately. It just isn't unpatriotic. It isn't un-american. It's a bunch of sore-looser, tired-ass bellyaching, is all.
     
  19. sargon20

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    A VERY nice moderator did that for us not long ago. And we had weeks and weeks of what could only call bliss.
     
  20. B_starinvestor

    B_starinvestor New Member

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    Well, the ratings agencies (Moody's, Fitch, S&P) rate companies based on their financial strength, or credit rating. AAA would be superior. AA excellent...anything BBB or above is considered 'investment grade' anything below is considered a junk bond.

    Last week, GE was downgraded from AAA to AA. Thus, when they issue bonds again, they will be forced to offer the bonds at a higher rate, since investors demand a higher interest rate for the increased risk that comes with a lower rating.

    Actually, a HUGE part of the mortgage crisis evolved because the ratings agencies were rating these securitized, subprime mortgages as AAA. So investors were creating a gigantic demand for that paper, thus a shitload of mortgage credit was available for subprime mortgages. Obviously, with all the foreclosures, many investors got killed on those 'AAA -rated' mortgage-backed securities.

    In this forum, a good analogy would be that posts from, say, Flashy would be rated AAA, while posts from, say, HazelGOD would be Bb, or 'junk.'

    AAA being full of credibility, rational thoughts and consistency.

    Bb being hogwash, misdirection and garbled bullshit neatly wrapped in fancy grammatical packaging.
     
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