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Black Monday.
The Dow Jones Index rose 936 points as Obama’s lead solidified. (The Dow did this in 1929, too, but don’t tell the New York Post!)
An Obama Panic: Markets Feat His Policies [New York Post]

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64 COMMENTS

  1. For this good news to jive with your “Hobos of the Great Depression” meme, you should have posted a picture of the Monopoly Man tossing money in the air.

  2. Hey, Ken: typo in altext link to the NY Post article. “Feat” is sort of the opposite of “Fear.” A humorous one, but still a typo. Thanks for the funny!

  3. Why is reality hell-bent on making the folks at the NY Post look like idiots?

    Also — when is capitalism going to thank socialism for saving its ass?

  4. [re=132338]Cogito Ergo Bibo[/re]: That is no typo. There is nothing worse than when the Market feats something.

    Ooops. That’s a banning.

  5. I watched a liberal CNN commentator lament recently that President spoke and the DOW dropped 300 points (he said 500 first, and then was corrected by Lou Dobbs). Then today President Bush speaks, and the DOW has a record gain. What’s the deal? Did the liberals finally learn the difference between correlation and causation overnight?

    http://www.offeringcommonsense.blogspot.com

  6. This is the day where I finally felt panic in the ranks of the Republicans. They were sure Bill Ayers would be their silver bullet, and it failed. Now we are blaming Obama for the market because apparently despite all the problems in the market, the only reason any trader is selling is because Obama is an uppity Negro.

    By tomorrow, Sean Hannity will be proclaiming that Obama came up with New Coke, while Tucker Bounds will state that Obama is not qualified to be president because he was running around helping a terrorist when he was eight, while John McCain was in prison for FIVE AND A HALF YEARS!

  7. [re=132411]Baldeagle79[/re]: Hey Baldy, your comments was posted. You just gotta be a little more patient. Try waiting as long as we’ve been waiting for W to stop destroying the country.

    P.S. Why is your name Baldeagle79, but your avatar a wrinkled old prune?

  8. [re=132411]Baldeagle79[/re]: Your comment posted twice within the space of two minutes. Interesting.

    Who’s that old wrinkly guy in your avatar? I heard tell he was once a Republican hero or something like that.

  9. Beeb: Wrinkly Old Man was an Irish Catholic Democrat name of Reagan (pronounced “REEGAN”) who, according to the New York Post, tried to join the Communist Party USA in the 30s but was turned down for being “unreliable”. He was eaten by a Protestant Californian named Reagan (pronounced “RAYGUN”) in the late 50s, who used the former’s life force to become Governor of California.

  10. Chose your favorite stock market animal. Any of them will kill yo’ portfolio dead.

    Bull Trap–A false signal indicating that a declining trend in the market has reversed and is heading upwards

    Dead Cat Bounce–A temporary recovery from a prolonged decline or bear market, after which the market continues to fall.

    Bear Market Rally–bear market rallies occurred in the Dow Jones index after the 1929 stock market crash leading down to the market bottom in 1932. Bear market rallies typically begin suddenly and are often short-lived because it occurs within a primarily downtrending bear market.

  11. [re=132452]nurple[/re]: unreliable?

    I guess it was just an urban legend among the old time Communist Party organizers in Chicago that he was turned down for being “stupid”.

  12. [re=132452]nurple[/re]: Oh yeah, that guy! I remember him.

    Isn’t he the same one who said that Medicare was, like, a harbinger of a Socialist takeover?

  13. To be fair to the Post, the item has a 4:09am byline – you’d have been pretty nutty to predict a stock rebound today. Or any day for the next five years.

  14. The gain in the markets around the world and wall street is not reflective of the actual economic situation in the US and around the world. There’s only so much that a government can do to prop up the weakened global financial system.

  15. [re=132503]Gopherit v2.0[/re]: Oh, I know, and it’s lovely. I’m really amused by the pundits like Shapiro who are trying to come up with a “Dewey Defeats Truman” narrative for Walnuts! in the long dark night of his soul.

  16. And global warming has gotten worse since he’s been a senator, and more people have died in Iraq, and America is less respected abroad. Wow, MSM has really been asleep at the wheel on this.

  17. Rupert’s decided he’s done dancing with the Democrats (since known guaranteed news Vesuvius HRC got knocked out of the primaries). It’s back to what he knows best…GOP clap trap. Who’d run a headline like that on a Monday? Saturday’s paper sure.

  18. [re=132411]Baldeagle79[/re]: Hey, we heard you the first time, grandpa. Oh, and please tell us how Ronald Reagan won the cold war while rainbows filled the air, and pure silk streamed from Ollie North’s ass, ok? Maybe when Barry Hussein gets elected, we’ll “repurpose” Gitmo, if you get my drift…

  19. [re=132411]Baldeagle79[/re]: You’re an impatient little lady aren’t you? Just breathe, you’ll have 8 years to complain about how democrats run things.

  20. [re=132557]Special Agent Jack Mehoff[/re]: Looks like he might be a bit generous, by a factor of two or so. That’s not leadership I can trust.

    (BTW, Wonkette Overlords, isn’t it time to use the “That’s Not Racial Transcendence” animated GIF again for something? The wife and I miss it, and it might work with some of the cultural descendants of Sen Allen, who’ve totally gone off their meds the last 24 hours).

  21. [re=132472]Neon Trotsky[/re]: So, it was BONZO at the McCain-Palin rally!!! See, the guy wasn’t a racist!!! He was just saying that Reagan’s former co-star supports Obama!

  22. In September 2000 there was a little bump in Gore’s poll numbers on a day when the Dow had a serious dip and that CNBC comb-over-economic-terrorist Kudlow blamed it on the prospect of a Dem in the White House. Of course the Lar had just lived thru one of the greatest bull markets in history under Clinton, but NOOOOOOOO, all the sudden the traders were supposedly on the run because Whistleass wasn’t gonna win.

    Well you know the history and here we are 8 years later BELOW where we were on that date. So eff you all you effing Repugs and your effing lies. And Kudlow continues to spew his shite everyday on the tube when he’s been wrong about everything every step of the way.

  23. To Baldy: I thought the reason the market bounced back was because the countries with major markets agreed to not let a single bank fail, no matter what it costs. So pull out your pipe, there plenty of crack for you to smoke while you wait for your Mom’s internet connection to come back up.

  24. HOW TO WRECK THE ECONOMY
    By Arun Gupta. Illustrations By Frank Reynoso
    October 3, 2008 – THE INDYPENDENT

    Everything you ever wanted to know about the biggest economic meltdown since the Great Depression but were afraid to ask. A guide to the financial meltdown is also illustrated through a click-through slideshow presentation.

    “From 1982 to 2000, the U.S. stock market went on the longest bull run ever, as share prices rose to dizzying heights. In the late 1990s, a combination of factors, which included the Federal Reserve lowering interest rates, created a huge price bubble in Internet stocks. A speculative bubble occurs when price far outstrips the fundamental worth of the asset. Bubbles have occurred in everything from real estate, stocks and railroads to tulips, beanie babies and comic books. As with all bubbles, it took more and more money to make a return*. This led to the Internet bubble popping in March 2000.”

    To read the entire article and see the slideshow, visit:
    http://www.indypendent.org/2008/10/02/how-to-wreck-the-economy

    GAMBLING ECONOMY GOES BUST
    The United States has faced one economic crisis after another this year — from the foreclosure of millions of homeowners to soaring food and fuel prices to the implosion of the credit markets and Wall Street’s demand for a $700 billion bailout. Throughout it all, The Indypendent newspaper in New York City has dug deeper to explain what is going on and why.

    To review a complete list of Indypendent articles on the economy in the last year, visit:
    http://www.indypendent.org/2008/09/25/gambling-economy-goes-bust/

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