Bull Trap

President O'Bama's critics, and there are many, have used the DOW as the measure of the man's ability to guide the nation through the worst economic storm since the Great Depression.  The DOW, Kudlow, Cramer, Matthews, Santelli, Hannity and Limbaugh claim, has dropped precipitously because of the election and inauguration of Barack O'Bama. The DOW, say the critics, is the measure of the future and the gauge of confidence the markets have in "O'Bama's plan."  Careful slaying monsters, lest you become one.

If a DOW drop is the measure of failure, the litmus test of the plausibility of profitability, would a DOW rally be the measure of success?  What will the critics say if the DOW runs toward 10,000, the floor broken during the Bush administration?  What will the critics point to when the DOW runs up three hundred points in a day . . . like today.  Last time I checked, 300 points of a 6500 DOW is darn close to 5%.  Oh, the days when we had 5% days!! 

If O'Bama receives blame for the drop in the DOW, should he not receive credit for the bull rally?  Have the hyper-critical O'Bama haters created for themselves a Bull Trap?

Comments

[Penny Stocks]

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[Penny Stocks]

I don't know about this topic more.But By reading your post I got impressed.Now I am interesting to know more about this.

[Jim Mc Mahon]

Joel. good comments on Rush and Palin. I am already convinced to vote for that ticket. Also I always have a soft spot in my Heart for Rush. After he made fun of Michael Fox and his Parkinson's disease-the money came rolling in to Claire McKaskill and she had some many more volunteers she had trouble keeping them all busy. If it would not have been for Rush she wouldnot have been elected. Would have had two more years of corruption int he U.S. Senate. I Understand that McKakill invited him to her Swearing in ceremony and he stood right along side Cheney and helped him with the Oath. Cheney was realy appreciate of the help/ Good job Joel.

[Stephen Hull]

Agree to disagree on this one. I believe the free market system without the least amount of goverment controls works best and you are definetly on the opposite side. That's ok, because we still live in the best country on this planet by far!

[The Hiker]

Katrina? Democrats? Not even going down that road. Let me just put this part of the discussion to bed with this quote: "Brownie, you're doing a fine job down here>."

Who says government is the enemy to health care reform? Reform is not the same as "socialized medicine" and that is not what O'Bama or the Democrats want. I am a Democrat and that is not what I want, nor is that what is being proposed. "Socialized Medicine" is a slogan, a bumper sticker that diverts attention from the real issues you mentioned: Tort reform, insurance reform, a ridiculous disparity in health coverage, poverty in the streets, crumbling roads and bridges, corruption in boardrooms and blind eyes in Congress. Who in the hell do you think has the skill and the will to reform all of the broken things? Kudlow? Rush? Hannity? DeMint? McConnell?

The key is to stop the poisonous thinking and rhetoric that claims the government is bad. Recall that it was government that reformed the banking system in the 1930s, food processing production and distribution in the 1910s, and, by the way, freed the slaves. Government forced desegregation, voting rights, clean air standards, and is responsible for an equitable distribution of rights among law-abiding citizens and those who wish to be one.

I'll take my government, big or small, over any government in the world because I have the ability to change it.

[Stephen Hull]

Contempt??? Reform & Big Goverment- Huh??? Look at New Orleans and corruption under the Democratics. How many billions have been dumped there? Seen any pictures lately? Brad Pitt and Habitat have done more rebuilding than the goverment. We still have 17,000 people living in motels for Katrina. We have thousands of empty trailers. This is 4 years later. Bigger goverment is not the answer to health care. It will be the death toll. Why not start with Tort reform and go back to days when medications could not advertise. The drug companies spend as much or more on advertising their drugs that most of us don't need but we self diagnose and run to the Dr for a prescription. The prescription drug plan for seniors is costing more money than anyone thought. Why should the goverment pay for Cialis or the like for these folks? Its not life theatening if they don't get a hard on!!

[The Hiker]

Ah, yes. Wealth envy. You've been drinking the Boortz/Hannity/Limbaugh cocktail, again! Not envy. Contempt of corruption and disgust with an often obvious sense of entitlement. Big difference. And a nation with too many poor is a nation ripe for revolution.

Socialized medicine? Where? Reform is not socialism. Reform is removing inefficiencies and leveling the playing field and creating a system that reduces the possibility of insurance companies, drug companies and ridiculously high-priced medical providers from taking advantage of not the poor, but the government that ultimately will pay for health care in the long run.

[Stephen Hull]

The Dow rose by 5%, Gietner must have been on vaction this week or they put a muzzle on him. Hey, if the Dow ever gets back to 10K, I will be the first one to give Obama a pat on the back and a tip of the hat. Remember my friend he only has 8(or 4 if he mucks it up worse than Bush)years max to get there. I honestly don't see it, we cannot afford socialized medicine, carbon taxes, and wealth envy taxes. Again, I ask you, because you are a more learned man than I, how many jobs has the average poor person created? Obama's policy's are taking us closer to changing our great country's name from United States of America to The Peoples Republic of America.