Dow Jones closes LOWEST since EARLY 2003

[GeoFisher]

Actually it closed lower ONE time........WHEN Obama was elected...

This is what we're in for........Since Obama was Elected, the dow is down 2 THOUSAND POINTS.

He has had nearly 4 MONTHS to come up with a SUCCESSFUL plan, and all he can do is put forth a trillion dollar spendfest......

If concensus cannot be found, we are headed for a MUCH deeper recession.

AND whatever happened to eliminating all the pork in the bill. Seems like that does not count for Democrats.

Later,

Geo

[DJD]

Man have you heard of the millions that they have in there? That shows you that these Politicians do not care what we think. They do what is right for their state or backdoor dealings not what is best for us. They feel entitled to do what they want because they can. Wait and see once we get the final report on the earmarks and pork thrown in there. I remember several million going to Indian Reservations, what?? Is Bingo hurtin'?

[cra97]

The sad part about the DOW being this low is the number of FOOLS I have heard of pulling their money outta the market NOW!! I have a brokerage license, just so you know I am not a TOTALLY worthless opinion, and I would tell my clients who have 5 or more years that this is the BEST time to put more into it since, lets say 2003? I don't understand people who think a stock is good at $30/share (lets say a GE, for arguments sake) and then wanna dump it when it is down now in the 11-12 dollar range???? I told my father-in-law, when it hit $11/share to double down on it in his savings and securities account. He has lost 50% of his "mutual funds" and thought I was nuts. I posed the obv question to him, do you think that GE will get to $16/share before the market gets over 12,000 again? If so, DO what I say and if not do it the way you have been and wait it out. He said he had faith in GE but wanted to wait a couple days to move, so what do you think GE did the VERY NEXT DAY???? Jumped 15%...LOL I only mention this because it is something to think about in a very REAL sense. A company like GE is not going outta business, period, no question. They are to diversified to have that happen, but there ARE companies out there you need to watch and do your homework on at this time. It MAY be the right time to sell some things, but not to keep the funds outta the market, but maybe put it in a "bellweather" stock that WILL be around (for sure that is) and see a better return then the WHOLE market.
I am not the world's best financial advisor, I would never even claim to be, but I can give as good advice as the experts at this point....LOL Good luck to you all and lets PRAY TO GOD Obama can do just PART of the grand things he has promised. Doubt it, but am praying for something to give while my 401K, which is now a 201K, still has a "K" after the numbers

Rob

[stratosjoe]

I wish Obama would continue the Bush policy , man we would all be selling apples on the street corner and be so happy. All the politicians as well as greedy ******** in business got us in this mess in AT LEASTthe last eight years. And OUR president has not been able to fix it in three weeks, he should be ashamed of himself.

[DJD]

I wish Obama would continue the Bush policy , man we would all be selling apples on the street corner and be so happy. All the politicians as well as greedy ******** in business got us in this mess in AT LEASTthe last eight years. And OUR president has not been able to fix it in three weeks, he should be ashamed of himself.

Problem is that we had 6 years of good only 2 years of bad and that was mainly caused by the Fannie and Freddie bust. Guess who told us that these companies were running great? Libs in Congress.

Barry has 4 years to try and fix the problems but when you see his plan laid out before you and think about if it will work or not you will see more gubment and less private sector. That's not right in my book. Look into it and please watch Ole' Chuck Shumer talking about us dumb americans not caring about pork in this latest Stimulus Bill. BTW....he is a Lib.

[Devils Horse]

I wish Obama would continue the Bush policy , man we would all be selling apples on the street corner and be so happy. All the politicians as well as greedy ******** in business got us in this mess in AT LEASTthe last eight years. And OUR president has not been able to fix it in three weeks, he should be ashamed of himself.

Nice sarcasm, lemme try.

He's managed to cook up a trillion dollar spending plan during his first three weeks in office that no expert has anything good to say about, and the majority of Americans disagree with. The market takes a nose dive in response to the bill's passage by the oh so wise and bipartisan majority in congress. "We won, so now we can do whatever we want."

Yeah man, Mr. Obama, Nancy, Harry, and the gang are on a roll. I can hardly wait for his next 3 weeks in office. Maybe by his 4th year he'll manage to borrow and spend a few trillion more of our grandkids' grandkids' grandkids money. Don't worry about it though, we'll just tell 'em it was all George W. Bush's fault.

Maybe we can throw another multi million dollar party to celebrate when Gitmo gets closed, because then we'll all be proud to be Americans again and the whole world will love us.