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Stock market has wiped out all earnings this year
Posted by: ouch ouch ouch ()
Date: August 20, 2015 03:08PM

SP 500 at 2014 levels

Thanks Obama

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Re: Stock market has wiped out all earnings this year
Posted by: Gerrymanderer2 ()
Date: August 20, 2015 03:10PM

You must be ecstatic.

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Re: Stock market has wiped out all earnings this year
Posted by: Bush Recession ()
Date: August 20, 2015 03:13PM

I still take 17,066.89 over the BUSH RECESSION any day.

Remember those days-

Good ole Bush days:


- American auto industry collapse
- Recession, almost a huge depression
- Housing market collapse
- Banking market collapse
- Airline industry collapse
- Katrina Response
- Massive unemployment
- TARP and government bailouts $$$

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Re: Stock market has wiped out all earnings this year
Posted by: Good Times ()
Date: August 20, 2015 03:15PM

Oh and Bush tax dollar give aways to large corporations.
Attachments:
tarp2.gif

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Re: Stock market has wiped out all earnings this year
Posted by: Bill.N. ()
Date: August 20, 2015 03:21PM

Much of what is happening in the U.S. stock market today is due to the crap that is going on in the Chinese financial markets. They are now a big enough player that when large amounts of their capital gets wiped out, we feel it too.

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Re: Stock market has wiped out all earnings this year
Posted by: ouch ouch ouch ()
Date: August 20, 2015 03:36PM

Ehhh, Shanghai composite hardly down today. American companies are just failing,

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Re: Stock market has wiped out all earnings this year
Posted by: Free Falling ()
Date: August 20, 2015 04:01PM

Thanks Obama!

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Re: Stock market has wiped out all earnings this year
Posted by: Trump Will Save the Day ()
Date: August 20, 2015 04:04PM

What goes up, must fall down.
Gravity sucks but Trump has new talking points.
I'll bet he even predicted this.

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Re: Stock market has wiped out all earnings this year
Posted by: weVhu ()
Date: August 20, 2015 04:27PM

Thanks obama asshole!

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Re: Stock market has wiped out all earnings this year
Posted by: Fred Oppenheimer ()
Date: August 20, 2015 04:30PM

This has been a long time coming. Stocks are way over valued. You have companies that do virtually nothing with sky high stock price. This bubble has been aching to burst for 3 years now.

Might be time to buy again soon!

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Re: Stock market has wiped out all earnings this year
Posted by: BFO ()
Date: August 20, 2015 04:37PM

Fucking Obama.

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Re: Stock market has wiped out all earnings this year
Posted by: 4 pinnochios ()
Date: August 20, 2015 04:42PM

Good Times Wrote:
-------------------------------------------------------
> Oh and Bush tax dollar give aways to large
> corporations.


And just so you know, .gov actually made money off TARP between the repayments and converted debt to equity later sold back into the market. Sorry to bring facts into this conversation.

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Re: Stock market has wiped out all earnings this year
Posted by: Gnationals ()
Date: August 20, 2015 04:52PM

Good Times Wrote:
-------------------------------------------------------
> Oh and Bush tax dollar give aways to large
> corporations.


Bush left Obama with half the TARP money, so the spending was both Bush and Obama.

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Re: Stock market has wiped out all earnings this year
Posted by: Gerrymanderer2 ()
Date: August 20, 2015 04:54PM

Gnationals Wrote:
-------------------------------------------------------
> Good Times Wrote:
> --------------------------------------------------
> -----
> > Oh and Bush tax dollar give aways to large
> > corporations.
>
>
> Bush left Obama with half the TARP money, so the
> spending was both Bush and Obama.

Are you justifying a fascist society where there is no risk for big banks and welfare is justifiable for the billionaires with bail outs if they fail?

All this while millions of Americans lose their jobs in the process and the country goes through devastating market fluctuations and the government compounds massive debt through increased deficits?

I guess you are all for that fascist destructive wealth concentration scheme? You can't be that stupid.

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Re: Stock market has wiped out all earnings this year
Posted by: mo mo mo mo money ()
Date: August 20, 2015 04:59PM

We need more QE stat!

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Re: Stock market has wiped out all earnings this year
Posted by: Bottomless barrel ()
Date: August 20, 2015 05:02PM

mo mo mo mo money Wrote:
-------------------------------------------------------
> We need more QE stat!


QE forever!

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Re: Stock market has wiped out all earnings this year
Posted by: Bloomberg ()
Date: August 20, 2015 05:11PM

Credit Traders Gird for the Worst as Fed Loses Its Grip on Debt

August 20, 2015 — 11:19 AM EDT

What happens when the Federal Reserve loses its stranglehold over debt markets? Investors are finding out.

The selloff in corporate bonds is deepening and investors are seeking safety in the longest-dated government debt, which does best when the economy does worst. Defaults are rising as oil tumbles and investors are looking for the best ways to hedge against credit losses.

All this comes as the Fed does, well, nothing much. Instead, it’s China that’s taken the lead with new rounds of financial stimulus in the face of slowing growth. But some days it’s a free for all, with even Kazakhstan wielding its influence.

“Financial markets are desperate for the Fed to drive trading themes, but the ‘world’s central bank’ has fallen to the second rank this summer,” or sometimes third, Jim Vogel, an interest-rate strategist at FTN Financial in Memphis, Tennessee, wrote in a note Thursday.

Benchmark U.S. interest rates are still at about zero, and even if the Fed makes a move this year, it’ll only increase those rates by a fraction of a percentage point. In other words, U.S. monetary conditions are still very easy, more than six years after the worst financial seizure since the Great Depression.

‘Policy Error’

And perhaps this is precisely the problem: the Fed may have waited too long to back away from its crisis-era policies, and it now has ceded control to the next default cycle and the whims of other global central banks. That’s being treated as bad news by credit buyers, who are now demanding close to the highest premium to own junk bonds instead of government bonds since 2012.

“The Fed was ready to move, waited too long, and China moved first,” wrote Wells Fargo & Co. analysts led by Richard Gordon on Aug. 18. “Now it’s up in the air as to whether a rate tightening by the Fed -- any rate tightening -- will be viewed years later as a major policy error, or a much needed push towards the normalization of monetary policy.”

Investors have sent yield spreads on U.S. junk bonds up 0.64 percentage point this year to 5.68 points, according to Bank of America Merrill Lynch index data. Those on speculative-grade energy securities have surged to 9.64 percentage points, close to the most since 2009.

Instead, investors are piling into Treasuries that mature in more than 15 years, with that debt returning 2.1 percent so far this month and yields falling toward the lowest since April. BlackRock Inc.’s $5.5 billion exchange-traded fund that focuses on longer-term U.S. government bonds received $447.7 million of deposits in the past week, the most among its fixed-income peers, data compiled by Bloomberg show.

And bond buyers are trying to shield themselves by holding more cash and buying protection via credit-default swaps.

Investors are finally getting a glimpse of what markets look like when the Fed no longer has a vise over every price movement -- and many are getting nervous about what they’re seeing.

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Re: Stock market has wiped out all earnings this year
Posted by: Gnationals ()
Date: August 20, 2015 06:55PM

Gerrymanderer2 Wrote:
-------------------------------------------------------
> Gnationals Wrote:
> --------------------------------------------------
> -----
> > Good Times Wrote:
> >
> --------------------------------------------------
>
> > -----
> > > Oh and Bush tax dollar give aways to large
> > > corporations.
> >
> >
> > Bush left Obama with half the TARP money, so
> the
> > spending was both Bush and Obama.
>
> Are you justifying a fascist society where there
> is no risk for big banks and welfare is
> justifiable for the billionaires with bail outs if
> they fail?
>
> All this while millions of Americans lose their
> jobs in the process and the country goes through
> devastating market fluctuations and the government
> compounds massive debt through increased deficits?
>
>
> I guess you are all for that fascist destructive
> wealth concentration scheme? You can't be that
> stupid.


You are an irrational dipshit. I just stated the fact that Bush left half the TARP funds for Obama to spend. How you read all that bullshit you posted into that fact is baffling. I think Bush sucked as bad as Obama fool.

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