Anyone else think its going to crash?
After this healthcare bill passed tonight does anyone else think that the stock market is going to crash?
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Anyone else think its going to crash?
After this healthcare bill passed tonight does anyone else think that the stock market is going to crash?
Absolutely. This is not simply a healthcare bill. It will have wide spread economic effects. You can bet that everyone will begin selling like mad as soon as this passes. It's going to cripple the private sector like no other piece of legislation in history. The job losses it will cause are also going to be drastic.
Hopefully the other 2 don't pass. They probably will though. Congress is run by the Democrats.Absolutely. This is not simply a healthcare bill. It will have wide spread economic effects. You can bet that everyone will begin selling like mad as soon as this passes. It's going to cripple the private sector like no other piece of legislation in history. The job losses it will cause are also going to be drastic.
Elephant_Couple
who cares on way or the other? only uneducated people think the stock market = the economyAtheists_Pwn:| You can't be serious. I'll tell you who cares. Everyone who invests. How does it effect the economy? It's people's money. Hopefully I don't need to explain beyond that.
:| You can't be serious. I'll tell you who cares. Everyone who invests. How does it effect the economy? It's people's money. Hopefully I don't need to explain beyond that.[QUOTE="Atheists_Pwn"]who cares on way or the other? only uneducated people think the stock market = the economyPirate700
stock market is important, but atheists_pwn has a bit of a point: often when economies slump, it is from an emtiononal domino effect. normal people sit on their couches and say OH LAWD THERE GOES THE STOCK MARKET, THAT *MUST* MEAN THE ECONOMY IS BAD. and they will therfore just stop buying stuff.
idk if any of what i said makes sense. i am tired. :P
:| You can't be serious. I'll tell you who cares. Everyone who invests. How does it effect the economy? It's people's money. Hopefully I don't need to explain beyond that.[QUOTE="Pirate700"]
[QUOTE="Atheists_Pwn"]who cares on way or the other? only uneducated people think the stock market = the economyIronBeaver
stock market is important, but atheists_pwn has a bit of a point: often when economies slump, it is from an emtiononal domino effect. normal people sit on their couches and say OH LAWD THERE GOES THE STOCK MARKET, THAT *MUST* MEAN THE ECONOMY IS BAD. and they will therfore just stop buying stuff.
idk if any of what i said makes sense. i am tired. :P
I agree people are WAY too quick to go into "shut down spending" mode but the market is somewhat closely indicative of the economy.It will drop down a bit....people will realize it isn't the end of the world and stocks will go back to normal.
:| You can't be serious. I'll tell you who cares. Everyone who invests. How does it effect the economy? It's people's money. Hopefully I don't need to explain beyond that. Then dont invest into something so volatile. Personal responsibility right?[QUOTE="Atheists_Pwn"]who cares on way or the other? only uneducated people think the stock market = the economyPirate700
Afghanistan, Argentina, Austria, Australia, Belgium, Brazil, Canada, Chile, China, Cuba, Costa Rica, Cyprus, Denmark, Finland, France, Germany, Greece, Iraq, Iceland, Ireland, Israel, Italy, Japan, Luxembourg, the Netherlands, New Zealand, Oman, Portugal, Russia, Saudi Arabia, Spain, Sweden, South Korea, Sri Lanka, Ukraine and the United Kingdom all have National Health Care. If a nation like Cuba can afford it than so can we. People really need to open their eyes and stop being so pessimistic.
[QUOTE="Pirate700"]:| You can't be serious. I'll tell you who cares. Everyone who invests. How does it effect the economy? It's people's money. Hopefully I don't need to explain beyond that. Then dont invest into something so volatile. Personal responsibility right?:| I'm not even going to get into this with you.[QUOTE="Atheists_Pwn"]who cares on way or the other? only uneducated people think the stock market = the economyAtheists_Pwn
Afghanistan, Argentina, Austria, Australia, Belgium, Brazil, Canada, Chile, China, Cuba, Costa Rica, Cyprus, Denmark, Finland, France, Germany, Greece, Iraq, Iceland, Ireland, Israel, Italy, Japan, Luxembourg, the Netherlands, New Zealand, Oman, Portugal, Russia, Saudi Arabia, Spain, Sweden, South Korea, Sri Lanka, Ukraine and the United Kingdom all have National Health Care. If a nation like Cuba can afford it than so can we. People really need to open their eyes and stop being so pessimistic.
painguy1
Most of these also don't spend trillions of dollars on useless wars. ;)
[QUOTE="painguy1"]
Afghanistan, Argentina, Austria, Australia, Belgium, Brazil, Canada, Chile, China, Cuba, Costa Rica, Cyprus, Denmark, Finland, France, Germany, Greece, Iraq, Iceland, Ireland, Israel, Italy, Japan, Luxembourg, the Netherlands, New Zealand, Oman, Portugal, Russia, Saudi Arabia, Spain, Sweden, South Korea, Sri Lanka, Ukraine and the United Kingdom all have National Health Care. If a nation like Cuba can afford it than so can we. People really need to open their eyes and stop being so pessimistic.
LOLuMADzz
Most of these also don't spend trillions of dollars on useless wars. ;)
Most of those countries still dont have as much money as we do despite not spending trillions of dollars on wars.
At the opening bell, the Ghost of Stalin shall appear and lay waste to wallstreet.
Pixel-Pirate
All whilst the common folk march the sound of communism.
http://www.youtube.com/watch?v=f2-zzmCmMVI
=P
Then dont invest into something so volatile. Personal responsibility right?:| I'm not even going to get into this with you. In other words, you wish i wasnt right? If you are a capitalist then you should, at the very least accept that i have no obligation to care about your investments.[QUOTE="Atheists_Pwn"][QUOTE="Pirate700"]:| You can't be serious. I'll tell you who cares. Everyone who invests. How does it effect the economy? It's people's money. Hopefully I don't need to explain beyond that.
Pirate700
Hey look, the DJIA closed up .4% today...xaoswell in this situation, it doesnt matter! Obama is terrible, still! omggggggggggg
No. I think the stock market will be just fine and then everyone who has been predicting that the passing of health care reform will be the same immediate apocalypse that the passing of Gay Marriage in Massachusetts was will look as silly as they did then.nocoolnamejimNah, didn't you hear? God sent floods to smite MA. It just took Him a while to get around to it because He was busy looking at pictures of lolcats
[QUOTE="xaos"]Hey look, the DJIA closed up .4% today...pianist
Oh, just you wait. Eventually we'll have a heavy red day for some reason or another... and you know as well as I that it will be blamed on the healthcare bill. You know, delayed effect and all.
I thought everything takes time to have an effect? I guess that's only when it doesn't work out.[QUOTE="xaos"]Hey look, the DJIA closed up .4% today...imaps3fanboyyep..im sort of surprised to be honest Why would you be? Didnt I tell you yesterday its not going to be doom and gloom?
[QUOTE="xaos"]Hey look, the DJIA closed up .4% today...pianist
Oh, just you wait. Eventually we'll have a heavy red day for some reason or another... and you know as well as I that it will be blamed on the healthcare bill. You know, delayed effect and all.
It's always a good day when I get to say "post hoc, ergo propter hoc"No. I think the stock market will be just fine and then everyone who has been predicting that the passing of health care reform will be the same immediate apocalypse that the passing of Gay Marriage in Massachusetts was will look as silly as they did then.nocoolnamejim
I agree. Here's the thing - the stock market is forward-looking, and the people who wield the real power over it are ALWAYS more informed than the average investor. So if it was going to crash on account of the healthcare bill passing, this would have already happened, because it's certainly not surprising news.
[QUOTE="pianist"]
[QUOTE="xaos"]Hey look, the DJIA closed up .4% today...Snipes_2
Oh, just you wait. Eventually we'll have a heavy red day for some reason or another... and you know as well as I that it will be blamed on the healthcare bill. You know, delayed effect and all.
I thought everything takes time to have an effect? I guess that's only when it doesn't work out.Indeed it does, and that's why it was absurd for people to be crying "apocalypse!" yesterday. I wonder how many of these people actually control their own investments and have familiarity with the stock market. The news that the bill may pass (or when it does pass) is old news as far as the markets are concerned. Now with confirmation, the healthcare stocks are up today. That too is no surprise... if you understand the markets.
[QUOTE="nocoolnamejim"]No. I think the stock market will be just fine and then everyone who has been predicting that the passing of health care reform will be the same immediate apocalypse that the passing of Gay Marriage in Massachusetts was will look as silly as they did then.pianist
I agree. Here's the thing - the stock market is forward-looking, and the people who wield the real power over it are ALWAYS more informed than the average investor. So if it was going to crash on account of the healthcare bill passing, this would have already happened, because it's certainly not surprising news.
Indeed. Often misunderstood aspect of stock performance. It's an analysis of future expectations and in the days leading up to the final vote on Health Care, it was more and more obvious that the bill was going to pass. Undecided Democrat after undecided Democrat committed to supporting the bill. Intrade predictions went steadily upwards. The bill passing wouldn't have caused the market to go down the day AFTER the vote. The effects would have happened in the days leading up to the vote - and then maybe a further plunge the day after - but we would have seen the market beginning to react days or even a week or so in advance of the actual vote.[QUOTE="nocoolnamejim"]No. I think the stock market will be just fine and then everyone who has been predicting that the passing of health care reform will be the same immediate apocalypse that the passing of Gay Marriage in Massachusetts was will look as silly as they did then.xaosNah, didn't you hear? God sent floods to smite MA. It just took Him a while to get around to it because He was busy looking at pictures of lolcats In god's defense, some of the lolcat pictures ARE pretty amusing.
I thought everything takes time to have an effect? I guess that's only when it doesn't work out.[QUOTE="Snipes_2"]
[QUOTE="pianist"]
Oh, just you wait. Eventually we'll have a heavy red day for some reason or another... and you know as well as I that it will be blamed on the healthcare bill. You know, delayed effect and all.
pianist
Indeed it does, and that's why it was absurd for people to be crying "apocalypse!" yesterday. I wonder how many of these people actually control their own investments and have familiarity with the stock market. The news that the bill may pass (or when it does pass) is old news as far as the markets are concerned. Now with confirmation, the healthcare stocks are up today. That too is no surprise... if you understand the markets.
John Stossel actually reported that Liberals tend to be richer than Conservatives, so my guess is t hat not many republicans or conservatives in general get involved with finance and such.Please Log In to post.
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