So is Obama helping or hurting?

Yesterday the Market opened up surprisingly well and kept going up due to the news of Obama’s foreclosure plan. This news comes on the heels of an article (an opinion not factual) by the Wall St Journal sayin that Obama’s polices have hurt the economy even more with the Dow dippin to the lowest point since ’97. First problem with both articles is that you can’t credit Obama for anythin that happens in the Market…well kinda sorta grey area. The Market is based on speculation, so if the people think the economy is gonna get better, then they’ll invest more and the Market will increase. But if they remain fearful, then it will continue on its downward spiral. So when Obama injects hope into people’s lives, the Market goes up. But to say his policies have had a direct impact on the downward spiral is ridiculous. Second problem with the WSJ (besides the fact it’s owned by the same news group of NY Post and Fox News) is the fact that you would blame the current state of the economy on a man who has been on the job for 5 weeks. If the stimulus bill had somethin along the lines of selling auto makers to foreign companies, then yes, I could see that negatively impacting the Market. But the man’s policies haven’t even been started yet, how the fuck can he be to blame? Sensational journalism at its WORST! So many people want to see him fail. Which is kinda stupid because the last President failed and look where it left us…now you want another President to fail? The ignorant masses of America.

Stocks dip, badly

Now, I just wanna point out to my new readers that I’m not a Socialist, I just have Socialist tendencies. And those points of views usually come out when I read dumb shit like the Dow and S&P are at lows not seen since 97. The stock market is one of the few things that is controlled by the individual rather than a corporation. Stocks don’t increase in price due to the fact a CEO is tryin to boost his/her profits (not legally). Stocks go up when people have faith and invest their money, and go down when people start selling them off (for the most part). So that means the only reason the indexes are fallin is because people are getting scared and sellin off their stocks. Why? Beats me. Because of their capitalist mentality which is “I need to get MY money out of the market to save MY ass. Fuck what everyone else is doing.” When enough individuals think like that, you get the aforementioned scenario (oohhh, “aforementioned”. The Rant also prepares kids for SATs). What would be better is if everyone did their part and kept their faith in the economy and help strengthen it rather than weaken it. Maybe we are gonna be bought out by China and I missed the memo.

Who died today?

I’d like to report that the economic crisis did not kill anyone today!!! Hooray!! (Except the fat man that was already on death row). I would like to also applaud the Illinois sheriff that is refusing to evict people from their homes because the mortgage owner didn’t pay the bill. I wonder if any provisions like that were included in the BOB, prolly not. The bill was passed and the market crashed. Wow. Some real dick heads around there. You know what’s even funnier? Remember how Buffett was all for the quick passing of the bill? And I said it was because he wanted to see his portfolios do better? How could I be sooooooo fucking (not fuckin, fuckING) blind? He probably knew the market would crash and was hoping for a good sale. I have securities that used to cost up to like $3 a share, now they are $.75. That hurts. Hurts like a muthafucka. But you know what? I know the shares aren’t going down because they are a bad company; it’s goin down because the market sucks. When it bounces back to $3, I’m gonna triple my return. Wowzers. And that’s even with my blue chips too. Retirement in 10 years never seemed so close.