Gas prices through the roof, food prices up exponentially.  obscenely high taxes, 3 Wars at once (with no plan to get out), Healthcare crisis made worse by Obamacare, no respect in the world as a nation, and Our credit gets DOWNGRADED for the 1st time under any President EVER!

Obama is a Nightmare & MUST GO !

Obama never even ran a lemonade stand before taking office & the liberal media gave Socialist Obama a free pass. Now we're stuck with this unmitigated disaster of a President. Of course Wall Street has no confidence in this Bozo. He's clueless.

Oh, but he's had 76 rounds of golf in 2 1/2 years, gone to many concerts, taken a lot of junket trips, and shot a lot of Hoops.

The Chinese own us and laugh at weak inept Obama, and the rest of the world thumbs their noses at at us as a nation.  Only Jimmy Carter was in this morons league for stagflation and a lack of world respect as a leader.

Investors have no confidence in this lame weak President with no plan.  Buy gold & vote for ANYONE but Obama and his lackeys at any ans all elections!

Well Obama hasn't figured out how to bounce a cat or skin a cat. (Even though there are a dozen ways to skin a cat). The markets and the world have no faith or confidence in , or respect for our Socialist President Obama. This country is in steep decline and the markets recognize it. It's sad and disheartening.  

Obama has made a bad situation under Bush 10 times worse. Bushes' 2nd term was a  big mess, but seems like the good old days compared to the dozens of crises Obama has created. He's pissed away our children's and grand children's future with nothing to show for it, but more debt. He has no respect around the world either. At least Bush had that.

Anyway, it closed up 131.  I'll take it.  Sheesh, 429 would've been nice, though!  I might have celebrated with you!

The Dow really was up 429!  Wish I was celebrating with Sindee!

Don't pop the champaign just yet... Fed outlook was quite bleak.

Expect lots of rapid ups and downs in the market. We're still in a serious economic crunch with unemployment being at 9.2% (in reality, that's around 11%) and that's just the government average. In certain areas of the country the measured unemployment rate spikes dramatically from the "reported" government statistics of unemployment. You need to understand that those percentages represent millions (with a capital M) of Americans that aren't making money and not contributing to the economy. The ripple effect is significant. It will take some major steering efforts on behalf of big business AND the right efforts of government to make things right.

And now I'll get off my soapbox

nycad

Dead Cat Bounce, thats all.

taxes are at their lowest levels in decades. do some research...

If we can compete with China then we would do well...but continuing business as usual is no longer an option in this globalised world. Until the early 70s we sold everything to everybody, from guns to cars, cause nobody could produce it. Now from Japanese to Chinese and Koreans everybody produces the same stuff, minus the guns, and we find ourselves stuck with high costs.

To cut a long story short I am taking a vacation from hobbying until we get back our AAA rating and the Dow sticks to 15k. I would invest the savings in productive enterprise.

Obabama's fault when BUSH started this BS war and drove this country into a ressesion for 8 years. And because Obama can't clean up that mental giant's  mess fast enough I'd be pressed to see who could.

Never comes all the way back in one day, though, and the losses from the previous week won't likely be made up for some time.  Still, I'll take it!

Took a dive yesterday, feel a tad bit better today. Really could care less about a political debate. And as someone pointed out earlier OPTIMISTS ARE SEXY!
I'm finished, carry on if you wish.

The market is generally going to bounce up after a big drop.  It's seen as a buying opportunity but the trend is clearly down.  Factor in the S & P downgrading and the European problems and the Supreme Court decisions clearly favoring big business and the average and upper middle and lower upper class is in for a rough time.  It will be several years before he market shakes itself out and the housing crisis just gets worse.  What happens when the foreclosed properties are put on the market (the banks are keeping them on their books now rather than take a bath at least for those properties they can find the proper paperwork for).  The economy is a mess and now, thanks to the Tea Party freshman, debt ceiling threats are now part of the extremely partisan politics being practiced in Congress.  It amazes me that no one sees the value of the others point of view.  Business negotiations can't run like this so how does Congress get away with it (I have many thoughts...too much for here).

Anyway, given the economy are providers now targeting in the bankers with the $150 million bonuses.  What about the average guy.  When I see providers upping their donations by hundreds of dollars I have to wonder what kind of volume they are going to get, even if they are low volume providers.  $600-$1200 is ridiculous for an average provider without reviews.. Even those with great reviews have to look at the reality of their client's finances.

OK, I'm off the soap box.

-- Modified on 8/10/2011 12:42:56 AM

nycad, you're right about unemployment being higher than reported - but including those who are un- and underemployed or discouraged from searching for work, we are somewhere in the 17-20% range.  That is 1 in 5 Americans making less money than they need!  The Fed adding liquidity to the market is useless - there's already too much cash in the system (BoNY charging for cash balances!).  The problem is there is no loan demand from qualified borrowers.  And there are no qualified borrowers because we have somewhere between 9.2 - 20% unemployment.  I hope people don't go out and spend money they don't have on flat screen TV's, new cars, etc. from 1 day of paper profits in the stock market - I'm sick of paying for someone else's lack of responsibility.

     Volatility seems like its here to stay.

This is what I have started a thread about and all the providers jumped me trying to tell the great lie that they are busy at 600+ p/hr.  Tell the lie long enough people will believe it and think they are busy and stand in line to get a chance/shot.

Obama and his advisors, Daley, Rohm etc are all from the Chicogo machine.  Had anyone read the NY Daily News Sunday centerfold opinion 2 pager.  Chicago has lost a large % of their population due to the policies of Obama, Daley, Rohm etc and the only areas that are surviving is the ultra rich lakefront (our Fifth/Park Aves) and the tourist centers of town.  The middle have run due to taxes, policies, unemployment etc.

Google the article and tel me this Prez and advisors have a clue beyond corrupt politics and chronies.  They make Bushes oil barons look legit and Clintons Arkansas mob look better.

I had to respond to your message because it is so fucked up. Do you own a home? Do you pay real estate taxes. Do look at medicare deduction on your pay stub? Do you pay payroll taxes in your business? Do you pay for medical insurance for yourself or employees? Do you pay that new MTA tax? Do you even look at sales tax or the $12 Bloomberg wants to cross the GW Bridge or the cost of a train ride? All of these costs have sky rocketed. These are all taxes. They all fund services. The federal income tax rate is just a small part of the picture Take your head out of your ass! Nothing will ever be solved if you can't admit reality.

Sindee, clearly you are hot and a well respected provider, but an expert in politics...you are not.
There is plenty of blame to go around to both parties and over many years. Obama is clearly an inexperienced and poor leader, and as bad as Bush may have been on many fronts, Obama and his group of Socialist minions have done nothing but accelerated a bad problem. Best to stay neutral on politics and stick to making people happy. You seem to do that very well!!

Oh Oh24...you are a true liberal. How can you possibly blame the Tea Party? They were the only ones who came up with a sensible plan, (Cut, Cap, and Balance) that took into account S&P's warning about downgrading. If they didn't force these irresposible government growing free spending socialists, we would be in MUCH worse shape then we are now. The curtain has now been open and the Great Oz (Obama) has been exposed for the college professor / community organizer that he is. This is a good thing. Now we need a Reagan to come in and clean up the mess. Who that is...I haven't a clue, but this time "CHANGE" will have a meaning.
PS Oh Oh...don't tell anyone what they should charge for ANYTHING. Let the free market dictate, comrade!

I was replying to some right wing nut whining about Obama re: taxes. It is a FACT that federal income taxes are lower than they have been in decades. Obama has not raised taxes.  What the fuck does Obama have to do with an MTA tax or the GW Bridge? Get YOUR head out of YOUR ass, and ask your Mommy for some help in writing a letter to Mayor Bloomberg.