Stock Trading and Other Things

Why do you think the stock market fell so much today even though Obama signed the spendulus package?

Can't the stock stock market be used as a measure of how much confidence Wall Street has in the market?

Didn't the investors see Obama sign the spendulus bill?

Why didn't their confidence shoot up???

Public Comments

1. Post hoc, ergo propter hoc fallacy. In other words, correlation does not necessitate causation.

On another topic, I'm wearing my anti-elephant socks. Since I started wearing these socks, I haven't been attacked by an elephant, so there must be a connection!

EDIT - So, are the thumbs down due to the sarcasm or the logic (or both, or neither)?

2. The stock market wants instant action.

3. The bank sector had bad news of poor performance. Walmart sales were down 7%. International markets were down.

It had nothing to do with the spending bill.

Edit: Pack....4Q earnings declined 7.4 percent. Look it up.

4. The stock market is influenced by thousands of factors. Most of them completely irrational. So, don't expect a rational explanation.

5. The market doesn't like uncertainty. Even it they think it will eventually be a positive. Besides, this is far from the only factor the market is watching.

6. It fell over 300 points on friday when it was announced it had a deal. Simply the stimulus plan stinks!!

michelob- Wal-mart sales where up!!!

Headline today at cnnmoney Wal-Mart: Sales up

Wal-Mart exceeded its own fourth-quarter estimate for a profit of between 91 cents to 94 cents per share.

7. The worlds markets tanked over the weekend. We just caught up to the rest of the world.

Not everyone on the planet celbrates our Presidents day, you know.

8. The stock market is an indicator of what investors think is going to happen in the future. The price of gold and silver went up today and stocks went down, meaning investors think the value of the dollar is going down and that companies are not going to be doing better in the future.

9. They saw him sign, that's why they got while the getting was good. They know a bad deal when they see one.

10. Profesional Investers have a tendency to know more about how the economy works than some stupid community organizer and this is the result of lousy democratic policies.
I have read that usually the stock marker does better when Dems are in the White House but this man is way more to the left and not ashamed to show it.

Where will the money come from to pay for this bill? They will have to print it which will cause inflation.

11. Because everyone except the Messiah worshipers know that Hussein Obama's stimulus bill will be a disaster for our economy.

12. It knows Obama is a socialist and will only cause more harm then good.

13. LoL spendulous lol i hadnt heard that one yet. u cons can be so witty sometimes silly goose!
...spendulous... who'd-a-thunk it?

14. Duh......because anyone with a brain knows it's not going to work. Now it you lived in a socialist country this would be like the second coming of Christ....

15. Republicans run the market

16. Uncertainty. How can a company plan when the govt has so much control & its whims change daily.

17. Because the market depends on action. This stimulus hasn't proven anything other than it's going to spend billions of dollars for this and that. When people aren't out spending money for goods and services, or businesses fail to deliver, the stock market is going to go down.

18. Because the messiah is a false prophet and a charlatan.

19. there is no certainty and to much pork.They wanted beef

20. The "stock market" number is made up of THIRTY companies. That's it. I don't gather any information or change my opinion because 30 companies don't like what they see. Sorry.

21. Danni above me...NO! The market is made up of many stocks and indexes. Nasdaq is made up of 100. S &P is 500. Dow is 30, and Russell is 2000.

There's even more companies, but those are the more well known indexes that are tracked when you turn on CNBC.