DescentBB

....turns out that the concept that deregulation leads to economic growth was 'just made up', according to one of those around the GOP when it came up with the notion:
http://www.huffingtonpost.com/2011/10/3 ... 66949.html

Just like Mitch McConnell and the Republicans taking credit for the now "good" economy, an economy that struggled to come back because Republicans constantly put up roadblocks for the last 7 years, all so that Obama wouldn't get any credit for it until Republicans finally took both Houses. So think Mitch Magoo will take credit for the stock market now tanking because of those super low oil prices? Think he'll take credit for the stagnant wages that didn't rise with this "good" economy either?

http://www.chicagotribune.com/news/opin ... story.html

fair points, but don't worry about the stock market tanking. At an 18,000 Dow it was clearly overheated, overpriced and overdue for more correction than we've seen. I've been shocked how it hasn't just settled back to the high 16K level and resumed steady growth from there. Thus, going to 17.3K for one day or two isn't exactly tanking. Tanking is dropping to 14 or less in a week or so. I don't see that. Low oil is bad for some sectors but GREAT for others.

You mean that they pulled a Gruber????? Never seen a political party do something like that before WTF?!?!?!?!?!?!

callmeslick wrote:fair points, but don't worry about the stock market tanking. At an 18,000 Dow it was clearly overheated, overpriced and overdue for more correction than we've seen. I've been shocked how it hasn't just settled back to the high 16K level and resumed steady growth from there. Thus, going to 17.3K for one day or two isn't exactly tanking. Tanking is dropping to 14 or less in a week or so. I don't see that. Low oil is bad for some sectors but GREAT for others.

Hmmm, aren't you the same callmeslick who warned everyone to sell their stock portfolio on the eve of the repub win a month ago stating the market was going to drop drastically?

No, I think I said that, but I added that the poop wouldn't hit the fan UNTIL we also elected a Republican president in 2016. THEN we'll have the exact same political setup we had right before the Great Depression.

Will Robinson wrote:

callmeslick wrote:fair points, but don't worry about the stock market tanking. At an 18,000 Dow it was clearly overheated, overpriced and overdue for more correction than we've seen. I've been shocked how it hasn't just settled back to the high 16K level and resumed steady growth from there. Thus, going to 17.3K for one day or two isn't exactly tanking. Tanking is dropping to 14 or less in a week or so. I don't see that. Low oil is bad for some sectors but GREAT for others.

Hmmm, aren't you the same callmeslick who warned everyone to sell their stock portfolio on the eve of the repub win a month ago stating the market was going to drop drastically?

well, I said sell back, not sell the whole damned portfolio. And, as I said above, I am rather surprised that the fallback wasn't steeper than the 5% or so we saw.