2007-07-27 05:38:39 · 13 answers · asked by Anonymous in Politics & Government ➔ Politics
Some of the 2nd quarter earnings that came in last week didn't meet investor expectations so a lot of people moved their money.
2007-07-27 05:42:03 · answer #1 · answered by Brian 7 · 2⤊ 1⤋
Markets naturally rise and fall. When everyone's bought and there's no one left to buy, they fall. No other reason is needed although the media likes to find reasons.
The market's gone a long time without a measily 10% correction. It's about time.
The subprime situation is the excuse du jour. Unless this affects you personally, enjoy.
The economy is going great. The dollar is weak, but those strong money countries (Euro countries, for instance) would love to have our booming economy and our bright employment picture.)
Commodies are rising because of the world demand. Heck, even my beverage of choice, milk, is jumping through hoops. It's getting harder and harder for me to afford my white mustache when I'm eating my beloved chocolate chip cookies.
Enjoy the market's fall. The market's creating a fantastic buying opportunity. Buy on November 1st and enjoy the Presidental year runup next year in '08 when the Feds will open up the spigots and give us voters that feel-good feeling. Ben will not disappoint.
2007-07-27 06:25:56 · answer #2 · answered by dnldslk 7 · 1⤊ 1⤋
whilst GWB became elected and became inaugurated in 2001, we've been entering right into a recession then. the extensive tax will strengthen that Clinton had placed into result became inflicting the recession. Did GWB whinge approximately"inheriting the recession"? No. He placed the Bush Tax Cuts into result, which interior the 1st quarter after the tax cuts went into result there became 850.000 new jobs created. that's difficult to forget approximately in regards to the info that interior the Bush Presidency we had a 5% unemployment value. So i visit take the 5% unemployment value of the "Bush Recession" any day over the 9.5% and anticipated 10% unemployment value of the "Obama restoration". The recession that we arte in suitable now is traced back to 2007, whilst the Democrats took administration of Congress. once you get a paycheck, is that your money or the governments? My answer to that question is, that's my money. government gets its money from the human beings with the aid of taxes. whilst the government takes extra of the peoples money away with the aid of taxes, that leaves much less money for the human beings to have. historic previous has shown that when the government reduces taxes and decreases spending the money entering the Treasury is going up. whilst government will strengthen taxes and will strengthen spending the money entering the Treasury is going down. that's what John F. Kennedy did interior the 60's, so Democrats, if it became sturdy adequate for JFK, why is it no longer sturdy adequate for you presently. JFK decreased taxes and spending, and money entering the Treasury greater alongside with a drop interior the unemployment value.
2016-10-12 22:24:25 · answer #3 · answered by ? 4 · 0⤊ 0⤋
I remember when it was said when the Bush economy wasn't creating jobs. We've also been told the economy can't get worse than it is. More fantasy. The Market drop is good for this economy..unless your pension plan is invested in it. I can only imagine what our congressional members are thinking now. Was it our minimum wage increase? Our ports plan? Our isolationists talk? How coincidental. Dems are doing everything they can to tank this economy and they have the audacity to criticize Bush?
2007-07-27 06:02:32 · answer #4 · answered by JohnFromNC 7 · 0⤊ 1⤋
Liberals only talk about the stock market when it's going down and gas prices when they are going up. This is due to their ignorance regarding free market capitalism, which they view as evil. Government controlled socialism is right up their alley.
2007-07-27 06:06:40 · answer #5 · answered by Anonymous · 1⤊ 1⤋
Ever heard of profit taking? It's why those evil capitalists invest money in the first place- oops my limo's here, gotta go.
2007-07-27 05:44:49 · answer #6 · answered by Anonymous · 1⤊ 1⤋
They are seeing the coming collapse of the US dollar.
2007-07-28 17:05:48 · answer #7 · answered by Mario Savio 6 · 0⤊ 0⤋
20 years of conservative economics. The corporations have moved overseas because they know that the U.S. will no longer be their bread and butter consumers by 2010. The Republican party Inc. wants to shrink government to the point that the corporations will be more powerful then people.
2007-07-27 05:45:37 · answer #8 · answered by Anonymous · 1⤊ 4⤋
Yeah the economy is doing great, interest rates are rising, families that were duped into variable interest rate loans when the interest rates were down are losing their houses and their credit is getting destroyed, yup, the economy is great.
2007-07-27 05:43:09 · answer #9 · answered by fieryfox59 3 · 1⤊ 3⤋
a) profit taking. +
b) Demo congress
2007-07-27 05:44:53 · answer #10 · answered by Corruptfile34 5 · 1⤊ 1⤋