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  • Obama is an Idiot [Edit or Delete]1 comment
    May 23, 2011 11:49 AM

    Stocks oversold, but why?  Obama is an idiot

    Obama is in Ireland and apparently he's very popular there. Well lets have him run their government for 2 years and we'll see how popular he is

    Why are stocks lower? Greece? Austerity? Profit taking?  Or no good reason at all? Or Obama is an idiot? My money is on the later. Why do stocks go up? Answer: strong fundamentals. The PE ratio for the S&P 500 is between 15-20 depending on which metric you use. Meanwhile the bond markets which are hypersensitive to volatility are surging again. Meridith Whitney and Bill Gross keep losing money for themselves and their clients because there will be no default, no debt crisis.

    Newt Gingrich,  Palin  and Mitt Romney still embody working, hard- working family and American values. That’s why republicans will win. Obammi doesn’t believe in the flag, doesn’t believe in hard work, was not born in America, thinks Americans are bitter and cling to guns, religion, the constitution. He wants to see wall st. fail, wants to spread the wealth around. Obama’s sexist campaign caused Hillary, a more qualified candidate, to lose the primary. Few people actually care about Gingrich ‘s infidelity according to recent polls. It’s old news, and voters actually sympathize with him for having to live with such a boring woman that he even felt compelled to cheat in the first place. Maybe she burned dinner too any times or was bad in bed.

    Rasmussen: Obama polls fall to new lows on Vacation, failure to release Bin Laden photos, debt, unemployme­nt

    Osama/Obama name confusion hurting Obama in polls in swing states

    76% of Americans feel LESS safe after OBL killing

    34% of Americans think Obama is Muslim

    We need a candidate that will stand besides China, not against it. A candidate that supports wall st., - that will keep the free market free, financial markets stable, and enable free trade. Protectionism is worst thing that can happen now. Job creation, healthcare & education, and debt reduction should not be a priority. We need pro-growth values, not pro- regulation. Open borders, more potholes, more pain at the pump, more crowded public schools, but more drill baby drill.

    I’m voting republican again like I did in 2008. I want drill baby drill, I want free markets, I want bailouts when things go wrong. I want stocks to go up. Buying Facebook IPO as soon as it trades. 
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  • Hillary more qualified? That is about as meaningless as saying an oak tree leaf is more qualified to wipe my butt than an elm tree leaf. It might be, but who cares, a leaf is still a leaf. I would say Ron Paul is like toilet paper compared to those candidates, but somehow that doesnt sound right.

    At any rate stock didnt go up because of "strong fundamentals". Stocks went up because the central bank devalued the currency after all these corporation borrowed a whole bunch of money at low rates. A devalued currency has the effect of literally reducing the amount of principal they owe, thus directly pushing up corporate earnings. This lowers the P/E ratio and the drones home in on that and say it is a good time to buy stocks. It is beyond idiotic, and always ends in tears when the money printing stops and the margin compression hits. (Or when the lower classes riot from having to pay higher prices while receiving no increase in income to offset the currency devaluation.)
    24 May 2011, 10:04 AM Reply Like
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