|
Post by unlawflcombatnt on Jan 19, 2008 3:00:02 GMT -6
Below are 3 separate charts, showing 21 individual stocks & indexes that have shown major declines since the beginning of the year. Dow Jones down -7% Year-to-Date S & P 500 down -8% Year-to-Date NASDAQ down -10% Year-to-Date Freddie Mac: -15% Year-to-Date Fannie Mae: -14% Year-to-Date Bank of America: -11% Year-to-Date Citigroup: -15% Year-to-Date Office Depot: -14% Year-to-Date Best Buy: -13% Year-to-Date The Gap (-15%) Sears (Parent of Kmart) (-13%) Walgreens (-10%) Yahoo (-12%) Google (-12%) Halliburton (-17%) Wachovia (-17%)
|
|
|
Post by lasher on Jan 20, 2008 10:34:26 GMT -6
And it looks even worse if you go back to October, when the S&P 500 got above 1550. This index is now lower than it was when Bush assumed office 7 years ago. A stimulus package might pump things up for awhile but I expect things to be worse by EOY. I wonder if any other president has ever seen a net loss in this index during their time in office.
Well there's always a bright side. I've been getting lots of yuks watching the Larry Kudlow Comedy Show these days. I'll bet he's starting to have trouble finding the customary congregation of guests who can be counted on for amens to his 'supply-side or death' sermons.
|
|
|
Post by unlawflcombatnt on Jan 21, 2008 4:55:53 GMT -6
And it looks even worse if you go back to October, when the S&P 500 got above 1550. Exactly. On the charts I used, the year-to-date numbers were the only ones that came out clearly. But as you've pointed out, it's the last quarter of 2007 when things really started to tank. Yes. I hadn't noticed that. It looks like the main purpose of the stimulus package is to keep the economy from crashing during the election season. The stimulus package will fix nothing. It will only postpone the decline—until after we've elected a new crop of Corporate plutocrats to run the country. LOL. I've stopped seeing him altogether, except late at night on "Squawk Box". They must be keeping him locked up somewhere during the day.
|
|