Did you even bother to read my post? If that is your inference regarding what I wrote, then I should undertake not to waste any more of my time on you and your 145 IQ.
Yes. You said when Obama speaks he delivers bad economic data and then the market tanks. Is that what you said? Thunderdog I am sorry to inform you but Obama doesn't even release 1% of the economic data the market looks at. Funny how the minute Obama starts speaking the market starts tanking yet isn't even releasing any new economic data. Maybe the market doesn't like Obama's plans for the market? Please fill me in on what your post actually meant if I am wrong.
No, I didn't. That is just another one of the countless false inferences you have drawn over the course of your ET career. Ask an adult to read the original post and to then explain it to you.
Quote from NeoRio1: So whats your expert explanation as to why the market tanks when Obama speaks? -------------------------------------------------------------------------------- Thunderdog- "Does it? Or is the market merely responding to increasingly dismal economic data as it surfaces with remarkable regularity?" Thunderdog are you even a trader? Have you even looked at an intra-day chart in the last month? Thunderdog the following scenario has happened countless times in the last month. All the bad news comes out in the morning. The market starts to consolidate within a range and volume drops. Then with the day becoming more and more quiet Obama starts talking, volume picks up and the market starts tanking. Because Obama is the only thing the market is currently looking at I have no other option but to equate your "increasingly dismal economic data" bullshit with Obama talking. However the market ALREADY KNOWS about the bad economic data. That means that the market does not like Obama's plans and ideas on the economy. You are not a trader are you?
The depth of the problem unfolds almost every day, you airhead. The bottom is not yet in sight and the market reflects accordingly. Take your pick and make special note of the little red stars: http://online.barrons.com/public/page/barrons_econoday.html?mod=topnav It is you who do not trade, and if you do then you are far too stupid to make any money at it.
Turns out Bobby Jindal is just a bull shit artist. http://tpmmuckraker.talkingpointsmemo.com/2009/02/jindal_admits_katrina_story_was_false.php Jindal Admits Katrina Story Was False By Zachary Roth - February 27, 2009, 12:39PM Looks like the game is up. Remember that story Bobby Jindal told in his big speech Tuesday night -- about how during Katrina, he stood shoulder-to-shoulder with a local sheriff who was battling government red tape to try to rescue stranded victims? Turns out it wasn't actually, you know, true. In the last few days, first Daily Kos, and then TPMmuckraker, raised serious questions about the story, based in part on the fact that no news reports we could find place Jindal in the affected area at the specific time at issue. Jindal had described being in the office of Sheriff Harry Lee "during Katrina," and hearing him yelling into the phone at a government bureaucrat who was refusing to let him send volunteer boats out to rescue stranded storm victims, because they didn't have the necessary permits. Jindal said he told Lee, "that's ridiculous," prompting Lee to tell the bureaucrat that the rescue effort would go ahead and he or she could arrest both Lee and Jindal. But now, a Jindal spokeswoman has admitted to Politico that in reality, Jindal overheard Lee talking about the episode to someone else by phone "days later." The spokeswoman said she thought Lee, who died in 2007, was being interviewed about the incident at the time. This is no minor difference. Jindal's presence in Lee's office during the crisis itself was a key element of the story's intended appeal, putting him at the center of the action during the maelstrom. Just as important, Jindal implied that his support for the sheriff helped ensure the rescue went ahead. But it turns out Jindal wasn't there at the key moment, and played no role in making the rescue happen. There's a larger point here, though. The central anecdote of the GOP's prime-time response to President Obama's speech, intended to illustrate the threat of excessive government regulation, turns out to have been made up. Maybe it's time to rethink the premise. Late Update: Politico's Ben Smith has updated his post with the following: UPDATE: I'd initially misunderstood Sellers to be saying Jindal and Lee didn't meet while rescue efforts were still underway. In fact, she said, the conversation took place in the aftermath of the storm, but after the boat incident. "Bobby and I walked into harry lee's office - he's yelling on the phone about a decision he's already made," Jindal chief of staff Timmy Teepell recalled. "He's saying this is a decision I made, and if you don't like it you can come and arrest me." Teepell said the exchange took place in the week following Katrina, when Jindal visited Jefferson Parish multiple times. "He was boots on the ground all the time," he said. This doesn't seem to bear on the key question. As we said, the key elements of Jindal's story were that he was in Lee's office during the crisis itself, and that his support for the sheriff helped ensure the rescue went ahead. Neither of those things was true, it now seems. Late Video Update: Here's the relevant section of Jindal's speech.
If you traded you would realize that when Obama starts giving plans and bashing Wall Street the market starts going down. In the economics forum there was a poll that asked if Obama and Geithner were the reasons for the strong downward movements. 133 voted yes. 50 voted no. I do not think Obama is the only reason the market is going down. But I do think he is a big part of it based on the fact that the market tanks instantly when he delivers plans and opinions.