Thank you Dubya (Market is going back up)

[Stark]

This thread reminded me:

(CBS) A weekly commentary by CBS News correspondent Andy Rooney.

Americans flaunt their patriotism. They wear flags in their buttonholes, but they draw the line on love-of-country when it comes to supporting a President they don't like.

People are vicious about hating a President they didn't vote for, and I'm not talking about any one President.

When our children were young we had a rich friend with children and she often drove them to a game or a party.

This woman was old enough to remember Franklin Delano Roosevelt and she hated him. When someone gave her change that had a dime with Roosevelt's picture on it, she opened the car window and threw it out.

I have friends now who own a lot of stock but they dislike George W. Bush so much that they hope the stock market keeps going down, even though they're losing money, just so he won't get reelected.

There was a story on the internet a while back listing the IQs of the last 12 U.S. Presidents. The study was supposedly done by a think tank called The Lovenstein Institute.

Bill Clinton was at the top of the list with an IQ of 182. Jimmy Carter was second. Nixon was the highest ranked Republican at fourth. It went through the last 12 Presidents. George Bush was listed at number 11 and George W. Bush was listed 12th with the lowest IQ...the dumbest President.

It sounded possible. I foolishly tried to find the Lovenstein Institute. Well, of course, there is no such thing. It was a hoax by someone who hates Presidents Bush.

I met Senator Dole and President Clinton downstairs here at CBS last week. It was fun. Clinton was talking about being disliked. He laughed and said "If I get up and tie my shoes in the morning, someone criticizes me."

I don't know why people can't simply disagree with a President instead of hating him. I disagree with George W. Bush a lot but I don't hate him. I find him engaging - often wrong but engaging.

The Democratic candidate for 2004 is still anonymous. We don't know who'll run against President Bush but if this anonymous Democrat is elected, one thing is certain: a lot of Americans are going to hate him. They'll say Anonymous is the dumbest President we ever had.

 

[SuperTool]

Just sold some stocks. Gotta buy some furniture for my new place.
I don't believe the market will recover while Bush is in power.
It's one war after another, one deficit after another.
I am selling on the bounces, but am leaving something in case I am wrong.

 

[Ornery]

I expected the market to drop at least 100 points when the bombs started dropping. This morning the DOW was down 90 points, now it's down 40. Do you expect it to drop more when the "Shock & Awe" starts?

 

[LakAttack]

Originally posted by: lupy
I predict Dow will go up and down in the future.

Hmmm. . . I am interested in subscribing to your newsletter.

 

[Ornery]

How about todays performance? :Q

 

[LH]

2 day?

I guess most of you doubters were wrong. As you already probably know, 8 days of gains. Not bad. Best week in the for the Dow since '82. Oil is cheaper too. I fell sorry for all those suckers that invested in gold hoping it would break $400. Aint going to happen now.

 

[Ornery]

I really, really suck at forcasting stuff, but I think people have been holding back... till now. It may keep shooting up for quite a while.

 

[dullard]

Well its been 2 weeks so I thought we could look back and see what happened. The Dow is now below 8000, not too much off from the 7800 when this thread started (although we are still higher than the most recent low). I'm assuming that Nitemare thinks Dubya is responsibe for the full rise (and thus is responsible for this fall).

Originally posted by: lupy
I predict Dow will go up and down in the future.

We have a winner!

Originally posted by: Ornery
I really, really suck at forcasting stuff, but I think people have been holding back... till now. It may keep shooting up for quite a while.

We again see history repeating itself. Anytime stocks soar so much so quickly they never "keep shooting up for quite a while". Instead they quickly plummit back down to near the original levels. The only way stocks keep shooting up for quite a while are with slow steady gains.