Just wait. Just wait a little while. Watch how this unfolds. Watch how the perception of Ted Cruz’s performance changes. It was a tour de force. How can anyone be sure of that? Easy.
The mindless invective rained upon him tells you all you need to know. The little people (you know, those of us who elect the politicians who then think we work for them) were electrified by Cruz’s “filibuster.”
WASHINGTON — Following the epic, 21-hour speech by Sen. Ted Cruz, R-Texas, supporting the defunding of Obamacare, either voters made so many calls to establishment Republicans that their phone lines melted, or those GOP leaders took their phones off the hook.
Even in this age of digital wizardry and limitless voicemail, callers could not get through at all to Senate Minority Leader Mitch McConnell, R-Ky.
A message said the senator was experiencing a high volume of calls and directed members of the public to call back later or visit his website.
It was the same story with the man who was the face of the GOP in the 2008 elections, former GOP presidential candidate Sen. John McCain, R-Ariz.
His phone was off the hook, too. Callers got a message stating his voicemail box was full.
The Arizona senator apparently had other matters on his mind during the Cruz speech, tweeting, “Final episode of #Broadchurch tonight – one of the most entertaining shows on TV right now.”
That prompted conservative commentator Michelle Malkin to tweet, “Meanwhile, McCain is tweeting about a TV show. See the problem here, America?”
The garbage heaped upon Cruz was almost unimaginable.
Cruz was called a “fraud” encouraging “governmental terrorism.” Cruz has been called a “whacko bird.”
And this was from Republicans.
The media was absolutely vicious and there could not have been a starker contrast between the coverage of Cruz and that of the Abortion Barbie:
Sen. Ted Cruz has been speaking on the Senate floor for almost 19 hours, as of this post. The talk is not technically a filibuster — he can’t actually block the Senate from going about its business — but symbolically, it’s more or less the same thing. The point is to show one’s opposition to something through a demonstration of physical will.
Which is why you can forgive conservatives for being upset with the mainstream media’s coverage of the Cruz affair. When a Democrat like Texas state Sen. Wendy Davis filibusters against abortion restrictions, she is elevated to hero status, her tennis shoes become totems. When Cruz grandstands against Obamacare, he is a laughingstock in the eyes of many journalists on Twitter, an “embarrassment” in the eyes of The New York Times editorial board.
“Gee I wonder why NYT and WaPo and everyone else gave ecstatic coverage to Wendy Davis but not to Ted Cruz. I just can’t make sense of it!” John Podhoretz, the conservative columnist, tweeted on Wednesday morning.
Yes, the difference between filibustering and grandstanding plays a part. Equally important is the fact that Cruz’s theatrics are frustrating members of his own party. But, part of the disparity in coverage is due to the fact that the mainstream media, generally speaking, don’t admire Cruz the way they admired Davis — or rather, they admire him only insofar as he makes for tragicomic theater, whereas they admired her on the merits.
Cruz is portrayed in the media as “aimless and self-destructive” (NYT ed board), elitist (GQ) and likely guided more by presidential aspirations than principles (CNN). Josh Marshall, the editor and publisher of Talking Points Memo, had no qualms about coming right out and calling Cruz, his former Princeton colleague, an “arrogant jerk” — and worse.
These portrayals may be accurate or inaccuarate — Cruz certainly has an elitist strain and he certainly has political ambitions. But that’s not the point: The point is that the coverage of Cruz has been critical, and in some cases unforgiving, from the outset. At least initially, Davis wasn’t viewed through a critical lens at all. Her willingness to stand for 11 hours was evidence of the American dream in action. Period.
GOP Representative Peter King looked around and discovered that he was on the wrong planet:
Rep. Peter King, who has pulled no punches in criticizing Ted Cruz, said Thursday that supporters of the Texas senator have been bombarding his office with “vile” phone calls.
The New York Republican has called Cruz a fraud for his calls to defund Obamacare, and said the senator’s campaign this summer to get the House to pass a government funding bill that defunds the health care law led to some offensive phone calls to King’s office.
“The vehemence of the phone calls coming into the office. I don’t care, people can call me whatever they want … I haven’t heard such vile, profane, obscene language,” King said on MSNBC’s “Morning Joe” on Thursday.
And there’s more blowback. Mark Levin referred to John McCain as a ‘useful idiot for the Democrats’.
Cruz did fire up a lot of people, but he did more than that. He obliterated Dick Durbin:
In the last hour, even as he said he grew “weary” as his time arguing against ObamaCare was coming to a close, he found himself in a debate with the able and smart Democratic Sen. Dick Durbin on the Congress’s generous health-care plan.
Durbin complained that Cruz wanted to deny health care to the uninsured; did he not, Durbin asked, enjoy the benefits of the generous congressional health-care package himself?
Cruz said he wouldn’t answer Durbin until Durbin first replied to three questions Cruz had posed. Durbin, with an “a-ha” gesture, responded by saying it was clear Cruz was simply refusing to answer his embarrassing question.
He’d walked into Cruz’s trap. For then Cruz said, no, Senator, I’m eligible for the congressional plan — but I’m not enrolled in it.
Durbin thought he had Cruz cornered by bringing up his reliance on the absurdly generous health package for Congress. But since Cruz doesn’t rely on it, Durbin humiliated himself in what was supposed to be his gotcha moment.
Despite his marathon of speaking and standing and arguing, after nearly a day on his feet, Cruz — there is no other term for it — squashed Durbin like a bug.
The best democrats had to offer in response? Dr. Seuss wouldn’t approve.
The more noise democrats make, the more Cruz struck at their hearts.
The Cruz faction in the Senate, and its allies in the House (whose leadership is now up for grabs) must now press their advantage. The louder the Democrats squawk, the more they are wounded; the one thing they’ve long feared is a direct assault on their core beliefs as translated into actions, and the deleterious effects of Obamacare, just now being felt by the population, are the most vivid proof of the failure of Progressivism that conservatives could wish for.
And it would be best that conservatives ridded themselves of the democrats’ favorite Republicans:
After his disgraceful attacks on Cruz, including his reach-across-the-aisle, dog-in-the-manger response today, this should be the end of Senator John McCain as a voice of influence in the Republican party. Ditto his mini-me, Senator Lindsey Graham. Indeed, the entire Old Guard of business-as-usual “comity” fans passeth. When you care more about what the other side thinks, it’s probably time either to switch teams or step down.
It was a Tour de Force for Cruz. The ripples from his effort continue to spread and will be felt for a long time. Obamacare is a train wreck unfolding in slow motion right before our eyes.
DrJohn has been a health care professional for more than 30 years. In addition to clinical practice he has done extensive research and has published widely with over 70 original articles and abstracts in the peer-reviewed literature. DrJohn is well known in his field and has lectured on every continent except for Antarctica. He has been married to the same wonderful lady for over 30 years and has three kids- two sons, both of whom are attorneys and one daughter on her way into the field of education.
DrJohn was brought up with the concept that one can do well if one is prepared to work hard but nothing in life is guaranteed.
Except for liberals being foolish.
@retire05, #74:
No one is suggesting that the geological processes that create petroleum have ceased. The problem is that the abundance it took those natural processes untold millions of years to produce, humanity will deplete over the course of a few short generations. If we can then wait patiently for a few more hundreds of millions of years, that abundance might finally be replenished.
I know conservatives have been trying hard to revive the abiogenic petroleum theory. It fits right in with much of the rest of their 19th Century mindset. More importantly, it allows them to rationalize squandering a finite supply of an important resource to make a lot of money in the moment. They don’t give a rat’s ass what happens in the not-so-distant future, providing it’s distant enough that they won’t have to personally deal with it.
Somehow it always seems to get back to GWB with you, doesn’t it?
The same people who elected GWB would have elected Sarah Palin—no doubt wishing that her name had been at the top of the ticket—and seem to believe that Ted Cruz is also presidential material. Little more needs to be said.
@Greg:
It doesn’t surprise me that you are not in touch with reality. Instead of throwing out your theories that the earth is running out of oil, why not deal with the reality of how much oil there is just in the US. Just in the year 2011 the US proven crude oil reserves was increased by 3 billion barrels. It has always increased every year and the rate of increase has increased every year. Why is it that oil wells that ‘went dry’ years ago are now producing oil as a result of new extraction methods. It seems to be your theory that once the oil runs out, there won’t be more for millions of years. So just how is it that just using a different extraction method has increased production ten fold. Just imagine how much will be produced when an even different extraction method is introduced. You should learn to deal with reality. Look at the numbers yourself, how much reserves were in 1970 vs what reserves are today. The earth will never run out of energy resources, the biggest limitation we have is the innovation to take advantage of all the miracles in the world. Nuclear power is capable of producing all the electricity the world will ever need forever, even without consuming fossil fuels. I’m not so sure why libs/Dims are so eager to have a ‘crisis of the day’. And they’re not even concerned about the Dimocrat Senators taking the day off when the nation is on the verge of shutdown (they set the Senate schedule).
@Redteam, #103:
The U.S. consumes 7 billion barrels of oil per year. Assume that proven recoverable reserves have, in fact, grown to 30 billion barrels, due to hydraulic fracking technology.
Do the division. A proven U.S. domestic supply of how many years results?
This is what I’m referring to, when I raise the issue of short-term thinking and planning. The problem of limits isn’t somewhere off in the distant future. In historical terms, it’s almost on the front doorstep.
This is why I sincerely believe it is very important that the government push alternative energy technologies. The free market won’t do so, so long as the highest profits can still be made exploiting conventional resources. Private sector special interests will actually resist alternative energy development, since it competes with their own product.
Not forever, without the development of fusion, but for a long time. There are serious risks at present, however. People here in the States aren’t paying much attention to what’s currently going on at the Fukushima Daiichi reactor site. A crisis situation exists. Contaminated water is already being dispersed into the Pacific Ocean. They’ve got to disassemble a concentration of stored fuel rods that many theorize are severely damaged, and could fall apart when they attempt to move them. If they do, the long-term environmental results could be catastrophic, reaching far beyond Japan. Radiation levels could become so high that even robotic equipment in the immediate vicinity would become useless. Oddly, I haven’t even heard this mentioned by the televised news media.
GREG
WITH THE RESOURCES FOUND YOU ARE GOOD FOR 4OO YEARS OF OIL,that before other sources are in working condition,
@Redteam: I was a stockbroker for almost 10 years. Investors are more likely to invest in the market when interest rates are low and reasonable safe returns can not be achieved through investment in fixed interest investments like C.D.’s or bonds.
You seem obsessed with BHO and want to blame him for whatever you perceive to be bad news. Markets went down after he took office and have skyrocketed to all time highs in last 5 years. Do I give him sole credit for this historic upward move. No.
@Richard Wheeler: Lately, RW, the stock market has plummeted on even vague fears that QE4,5,6, infinity? will end.
As soon as the Fed says, we’ll keep pumping over $80 billion into the market each month, it props back up.
There is nothing under this market.
If and when the Fed slows this gravy train or does the unthinkable of stopping it, the market will drop like a rock and stay way down.
Nan G
that’s very interesting to know,
is it why they are so angry at the Congress slowing them from
playing with those fix they are doing underneath the citizens’ knowledge of it, and framing the numbers which are not what people should be reading,
it’s telling me that the REPUBLICANS DISTURB MORE THAN THE OBAMACARE GIMMICK,
if the REPUBLICANS don’t raise the DEBT CEILING,
we will see more of what OBAMA is up to,
because he will become desperate AND AND AND,
all will crumble in his face
@Richard Wheeler:
First, I’m not even sure i’ve mentioned BHO. The markets are not related to the president or to interest rates long term. Most money made in the market is made on a daily basis, not long term investments and interest rates have somewhere near zero to do with daily activities. If you really were a stock broker, you would know that. Sure, when an interest rate increase is announced, the Dow goes down for a short time then bounces right back up. You know very well when day traders are in and out on a microsecond basis, interest rates are not in their minds. Just like a wager on a football game, no one asks what the interest rate is when they place a bet.
It is of note that you don’t give him credit for the stock market either way because he has about zero point zero effect on that. If he does, why did it plummet on news of his election? You do know that just as much money is made selling short as when the market goes up. Uh, don’t you?
Redteam
hi,
would you know if the ALGORITMS can be a part of freaking up the MARKET
on their own, therefor creating a crooked sign of falsehood on the screen ,
while the players
play all and send it as legitimate numbers at times,
happening more or less numerous instance.
I have read some weird story about those algoritms, having the possibility to change number without any human intervention, it has happened,
and the market work a lot with algoritms,
it lead me to the last election, being work in a secret underground space and control by GOOGLE SCIENTISTS,
MORE THAN ONE
IN COMMAND OF A NEW TECHNOLOGY THEY ALONE KNOW
IN CHARGE OF HUNDREADS OF COMPUTERS, LOCATED ON THE ABOVE FLOOR OF THAT BIG SPACIOUS BUILDING
where all the hundreads of laptops where working non stop for the election and for OBAMA TO WIN.
@Greg:
You really don’t have a clue, do you Greg?
Notice that I said the known reserves GO UP EVERY YEAR, if that were static the US would have depleted all their oil back about 1920, but nooooooooo, there is more known reserves in the US today than there were back then and even compared to last year. Assume the reserves go up by 3 billion barrels a year, just think how much we will have in 10 years. But it doesn’t go up 3 billion a year, the rate of increase increases each year. So, 3 billion this year, 3 billion 500million the next year, more the next, etc. Get it? This seems so simple, but then when the person you are writing to is not capable of adding 1 + 1, I’m not sure you will grasp the concept.
And that’s what I’m referring to when you do zero thinking.
Greg, please stop singing the environmentalists song. There is no truth to that rumor.
And that’s how you can be sure there is no truth to it. You know damn well the environmentalist liberal news media would be singing to the heavenly choir if they had a leg to stand on.
Do you just blindly accept everything your lib buddies say? Don’t you think you should be proud enough to have a mind of your own that you can use for more than sucking up to the progressives?
@ilovebeeswarzone: Bees, yes, absolutely. Algorithms used by the markets do just as you say.
@Redteam: You know little about the stock market. I don’t have the time or desire to school you.
BTW You surely mentioned BHO was in office when market declined in early o9 AND posited how R.E will rise more rapidly once he’s out. Obsessed. You can’t even remember your own B.S RT. Truth is, you know next to nothing about the R.E Market or the Stock Market.Why would you? I’ve made a pretty good living in both.
Correct, Redteam.
And one part of the definition of ”known reserves,” has to do with economic feasibility in extracting the oil we know we have.
Fracking is making it more economical every year.
Thus more known reserves added every year.
The oil we know about but do not consider economically feasible to extract is VAST.
And our technology keeps working on better ways of getting to it.
Also, there is no ”peak oil.”
The earth’s pressures will continue to create oil all around the globe.
Someday other places not currently known for oil at all will be the new Saudi Arabia.
It’s God’s little energy bank account for all of us.
@Greg:
.
The United States consumed a total of 6.87 billion barrels (18.83 million barrels per day) in 2011 and 7.0 billion barrels (19.18 million barrels per day) of refined petroleum products and biofuels in 2010.
Did you miss the part about “biofuels” in your eagerness to provide that little bit of research? The amount of biodiesel consumed in the U.S. in 2012, according to the government, was almost 900 million gallons.
Again, you rely on government stats. But no where does the government admit that they could be waaaaay off mark.
Spindle Top was once considered the largest oil find in the U.S. with its 5+ billion barrels. Then came the Mexia fields with 7+ billion barrels. But we now have the Eagle Ford discovery, once estimated at around 5 billion barrels only……………………………..every year the estimate increases and now it is being said that there is a possibility of 20 billion barrels of oil under the land of 25 Texas counties. Do you want us to believe that Texas has 2/3 rds of the U.S. oil reserves?
Jimmie Carter, radical Islams favorite charity, told us in the ’70’s that we were running out of oil. “Put on a sweater and turn down the thermostat” recommended the peanut farmer. Guess he never dreamed about Eagle Ford. You see, like you, Carter was fixated on a premise that we had just so much oil and we were rapidly running out. And let’s not forget the O-zone scare. You know, how we were all going to die because of the atmosphere and global cooling?
The thing about you liberals is that you are constantly wrong. And your do-goodedness causes people to die. Oh, not from global warming, but thinking you are so much smarter than the rest of the world. As a case in point, I give you DDT. One radical left wing do-gooder, who never held a job that was not in the federal government, is the reason that millions of people have died from malaria. No good deed goes unpunished, only Carson was not affected by her radicalism, millions of children were.
@Richard Wheeler: If you think the interest rates affect daily trading on the stock market, I’m surprised if you made a dime in it. Tell me, when you make a bet on a football game, do you check the interest rate first. Same thing. You don’t need to school me, I can already tell you don’t have much familiarity with the stock market. I’m sure you are likely aware every time I might mention Obama, I’m sure you probably have a climax over the mention. I’ll help you out, Obama, Obama, Obama. That’s 3.
@Nan G: So true, Nan. It is amazing that areas that were considered not feasible for oil recovery just a few years ago are now producing more than ever. Though they have found vast reserves using deep water techniques in the oceans and gulf’s, these techniques are just being implemented on land. As you said, areas that once was thought to not have any oil, have been proven to have vast reserves. The US could easily be completely self sufficient in oil within just a few years. It already is in natural gas. As I said, just known reserves in Louisiana can supply the US infinitely. There is no danger of a shortage. Liquified natural gas will be fueling all Semi trucks within 10 years and a huge portion of automobiles. Notice how the libs worry about the US becoming self sufficient, then they won’t have any environmental issues for their cronies to get rich off of, such as solar power. What is their excuse for not approving the Keystone pipe line. We’ll have too much oil in the US. They surely aren’t concerned about the environment. There has been no environmental episodes in so many years involving pipelines that no one can even remember one.
And I want to comment on DDT. There are many thousands of people that have died because DDT was banned. There is not and never was any proof that DDT was a threat to humanity, only the do gooder libs frantic screeching. The libs need to live with the fact that they are directly responsible for all those deaths that could have been prevented had they not banned DDT. Why it’s likely more than all the babies they have killed in the same period.
@Redteam:
I wonder if anyone has ever bothered to count the children that have died due to one left wing radical, Rachel Carson, and her screeching about how we must “save” the children from the harms of DDT?
Funny how those on the left never look at the actual goals of those who claim to want to change the world for the better. Those like Margaret Sanger, a supporter of eugenics who hated anyone that was not a WASP, but who is responsible for the deaths of more blacks than all the slave ship owners [combined] in history.
Apparently there was no basis for an assumption that you could perform simple arithmetic, or would grasp the significance of the result, even if you could.
@Redteam: I’m not talking about day traders,but rather INVESTORS. As suggested day traders are gamblers ,little different than one who bets horses or football games. Most lose but enjoy the rush. Interest rates play no part other than being in front and on the right side of a Fed. announcement.
Investors, like mutual funds,insurance companies and individuals like NanG. BUY AND HOLD for anywhere from months to years. They generally seek a combination dividend yield and capital appreciation Buy a sound $50 stock paying a $2 dividend. If it goes to 52 in one year you’ve made 8%. With rates at historic lows why would INVESTORS settle for a safe 2% in C.D.s or treasuries? With interest rates LOW money flows INTO equities. OR R.E . Interest rates head UP and fixed income instruments yield 5 % and higher money moves OUT of equities into SAFE fixed interest instruments. Pretty simple.
@Richard Wheeler: RW, I see you’re agreeing with me again, your liberal buds aren’t gonna like that.
@Redteam: Glad to hear you agree with me that interest rates do play a large role in an investor driven stock market and almost no role for day traders. Common sense R.T KISS This agreement is so rare I’m gonna repeat it lol
does anyone know how does the oil is made of,?
where does that slick substance come from,?
is it from above the deep, or below the deep?
It just so happens there is a Malaria Death Clock to show how many died since DDT was banned.
http://junksciencearchive.com/malaria_clock.html
@Greg:
People here aren’t paying much attention to the incredible advancements in nuclear technology.
~Snip
http://www.extremetech.com/extreme/160131-thorium-nuclear-reactor-trial-begins-could-provide-cleaner-safer-almost-waste-free-energy
You have to love it just for the name, if nothing else. Thorium…..brilliant.
@Greg:
You’re the one that went on the diatribe about, “not since this president has there been so much hate…”
And then there is this….
Are you serious? George W. Bush was a very, very center-right president. He barely had a conservative bone in his body. The man outspent democrats and his domestic policy was abysmal. And you think he’s some kind of hard right politician?
You and others call Obama a centrist when he is more to the left than Ted Kennedy was. I never thought Clinton was a centrist until Obama came along.
@Richard Wheeler:
Sorry you are under such mis conception. Hope your stock customers don’t catch on to you.
@Nan G:
True, but planned parenthood is trying to equal it.
@Redteam: Did you read fully my #120? Take a minute and tell me how you disagree. Thanks
@Richard Wheeler: Yes, I read it and it seems as if you are in almost complete agreement with what I had been saying. That being the case, why would I disagree with myself. I’m glad you conceded and got on board. There is hope for you, maybe.
@Redteam: If you believe that an investor driven stock market is directly influenced by the movement of interest rates, then most certainly we concur. Good job.
If you feel otherwise, I again ask you to SLOWLY read FULLY my #120. Rebuttal?
@Richard Wheeler: It wasn’t a rebuttal in 120, it was a concurrence.
@Redteam: In #120 I said interest rates directly influence the stock market. In #132 you confirm your agreement. .Great
Next case.
RW, since the Dow has gone down about 275 over the last 3 days, how much did the interest rates change that drove that? I don’t actually recall a large change in interest rates last week, but maybe I’m just not reading the correct lib articles. (must have been a secret)
@Richard Wheeler: I do not agree that interest rates have any overall effect in the stock market. See my question just above. In any case, interest rates do not affect profits and losses on the market. Trades are made with the market going both up and down, and profits are made both ways.
@Richard Wheeler: The concurrence was that you were agreeing with what I had said.
@Redteam: i explained in #120 how interest rates DIRECTLY effect an investor driven market on any time frame beyond a couple of weeks. Agreed it rarely effects day traders. I’m not going over it again–it’s very basic.
Short sellers and day traders comprise a very small % of overall trade. Did you know high short interest in a stock is actually considered bullish?
The DOW is down about 150 in last 3 days–a blip in % in a 15000 market. Intermediate to long term trend has been up as rates dropped to all time lows-When rates head up as they will in economic recovery the markets will come down.
I explained this very simply in 2nd half of my #120. I learned these basics in my first few weeks with Merrill Lynch and son of a gun they’ve been right on with remarkable consistency.
BTW You certainly don’t have to buy it. That’s why they’re called Markets.
@Richard Wheeler: I see you apparently still haven’t visited whentostopdiggin.com. You will never convince me that interest rates are what persons looking to invest in the market are interested in. If an IPO comes up that you are expecting to go from 100 to 200 withing 6 months, I doubt you will ask anyone what long term interest rates are gonna do tomorrow.
While you are displaying all this brilliance about what Merrill-Lynch taught you so many years ago, tell us, are you in agreement with all those Dimocrats in the House and Senate that continually refer to the US as a democracy? I’ve heard it at least 10 times today alone and always by a Dimocrat. Seems as if Republicans think it’s a Republic. Now I don’t know about you, but I don’t think some dumbass that doesn’t know that simple difference has any place in the Congress. Geez…..
@Richard Wheeler:
RW, are you actually saying that when the economic recovery begins (i.e., companies start making money again) that their stock will go down and interest rates will go up. That’s a heck of a recovery, companies make money, interest goes up, stock goes down. I guess 1+1+1 doesn’t always add up to 3? Did Merrill-Lynch teach you that when the economy recovers that stock values go down?
@Redteam: It may be counter- intuitive to you but that’s exactly how it works. Rates are down because the economy has been very weak, Agreed? Big money MUST INVEST.. They look for a good return with reasonable safety.Though safe,they aren’t happy with 2% CD’S or treasuries. Would you be?They believe they can do better in solid stocks possibly paying dividends. Money flows into stocks and market goes up.Earnings are good as companies cut the fat and eps actually improve.
Economy begins to improve and rates move up. Agreed?Treasuries and CD yields move up. Remember yield and safety important to investors. Money moves out of stocks to safe return of 6%+in fixed income investments. Stock market pulls back.
Try to get a hot IPO on the offering. You seem to have the Day Trader mentality. I’d rather be in Vegas with the free drinks and pretty girls.There’s also lots of Brokers at the tables.lol
BTW Stock market is a leading indicator and usually moves up prior to the recovery. Real estate is a lagging indicator and will move up strongly during and towards the end of the recovery. KISS
Democratic Republic sounds good to me——–Semper Fi
Someone your age, who still has a mortgage, doesn’t need to be in Vegas, free drinks or no free drinks. And only a liberal would think those drinks are, in fact, free.
@retire05: That was a joke 05. You take everything so damn serious.Ltghten up.
How bout betting football or the ponies. You got as could a shot as the stock market day trader. People who buy stocks thinking they’re gonna double their money in a short time are no different than the Vegas gambler minus the drink and the hooker.
@Richard Wheeler:
It is a democratic Republic, but the key is that it is not a democracy. So why do the dimwit Dimocrats in Congress refer to it that way. Anyone that thinks the US is a democracy has no business in the Congress.
@Richard Wheeler:
isn’t that counter to your theory that when interest rates go up the market goes down? Maybe the tail is wagging the dog? Or more likely the tail is not attached to the dog!!
@Redteam: No. Read again what I have postulated.
I’m gonna watch MLB playoff game and Monday night football.
Got a small wager on both. lol
Note I said interest rates go up market goes down, though not necessarily dramatically, as money moves out of market into safer high yield fixed income instruments—CDs Treasuries. Rates have come down in weak economy so monies moved out of low yielding fixed and into stocks, Market up 7000 points last 5 years mainly due to these historically low rates.
@Richard Wheeler:
Sorry, but I fail to find humor in liberals like you.
Don’t gamble. Might as well start a bar-b-que fire with the money.
Never believed in day trading. Perhaps that is why, when the stock market took a nose dive due to the actions of Democrats, I came out pretty good. I am more interested in a company’s debt ratio than what the prime rate is.
@Richard Wheeler:
DJIA closings:
October 1, 2008 10,831.07
September 30, 2013 15,129.67
Perhaps that is why you didn’t last at Merrill Lynch. Some how you managed to turn 4298.60 into 7,000.
@retire05: Actually market up about 8000 in last 4.5 years since March of 09 Thanks for correction. Up an incredible 8o% under this Dem. admin. I credit historically low rates.
@Richard Wheeler:
RW, the market was at October 1, 2008 10,831.07 and on Mar 6, 09 it was 6600 and Now it is 15,100. Give us a brief rundown on what happened to interest rates on Oct 1 08 that turned the market down, and what happened to interest rates on Mar 6 09 that turned the market back up. This should be interesting.
@Richard Wheeler:
So I’m gonna guess you would also add that if interest rate goes down the market goes up. So, let me see now. Apr 30, 2008 Prime rate 5.o Oct 1 market at 10,831.07 Oct 8 Prime rate cut to 4.5, market goes which way? Oct 29, 08 Prime rate cut to 4.0, market goes which way? Dec 16, 08 Prime rate cut to 3.25, market goes which way? There has been no further change in prime rate, even in Mar 09, so what caused the change in direction in Mar 09?
@Redteam: Although the P.R. does effect long term trends it’s the purchaseable 10 year treasury that most closely mirrors the stock market and mortgage rates. The treasury was at approx. 3.85% in March of 09 and began a descent to 1.56% in May of this year as market peaked just short of 16,000.It pulled back and tested 16000 again in early Sept. Treasury is now up to 2.6 as market has pulled back in recent weeks. We may see July/Sept double top as peak of Dow if treasury continues to trend upwards.
One thing is certain. Predicting the market is NOT a science and many factors play a role.