How Low Can It Go?

[FRPLG]

Originally Posted by Schneed10

As soon as we begin to blame the President of the United States for what is happening to the stock market, you can pretty much call the market's behavior irrational. The president of the United States has very little control over the economy, big stimulus bills or otherwise.

The fact that people are blaming Obama shows that too many have no idea what's driving the downturn, which means prices have been driven down too far.

When lending turns around this market will bounce very high. Don't worry about whether you're getting in on the ground floor, just get in before you miss it.

Agreed. But people ARE panicing in the stock market and many are doing so because of O' policies. I am not saying the policies do matter just that they are affecting people. O seems not to care.

[Schneed10]

Originally Posted by FRPLG

Agreed. But people ARE panicing in the stock market and many are doing so because of O' policies. I am not saying the policies do matter just that they are affecting people. O seems not to care.

He shouldn't care. If people want to be irrational (ie retarded) and get all panicky and sell, that's their problem. Eventually someone else will come along and buy up those devalued shares, and they will be the ones to reap the rewards when the market goes back up. From a macro level, it's all good for the United States. Some will get panicky and lose by selling now, and others will pick up those shares and gain.

It's up to the people to decide for themselves to be smart or stupid with their money. If they're looking to the President of the United States to determine what the market is going to do, then they're categorically being stupid.

[FRPLG]

Originally Posted by Schneed10

He shouldn't care. If people want to be irrational (ie retarded) and get all panicky and sell, that's their problem. Eventually someone else will come along and buy up those devalued shares, and they will be the ones to reap the rewards when the market goes back up. From a macro level, it's all good for the United States. Some will get panicky and lose by selling now, and others will pick up those shares and gain.

It's up to the people to decide for themselves to be smart or stupid with their money. If they're looking to the President of the United States to determine what the market is going to do, then they're categorically being stupid.

I see your point an d fundamentally agree but here's the rub. While his policies kill the market real devaluation is taking place. People who don't have 10 years to wait for it come back are getting screwed in the ear. It is not going to bounce straight back up. It will probably be a slow and steady rise.