Re: dow 1000 means impeachment to me
The both of you (CSB and the number) don't understand what is happening. I have noted that CSB doesn't even know how congress works. I have explained what stock market participants look for on this forum. They have no faith in what congress and this administration is doing. They are looking to the future.
All you have is hope and the belief that it is the fault of Bush. Now, if you are so sure that Bush policies are causing these drops in the markets, would you care to explain to us how and why?
And another poster recently told us that the market is rigged. This is another person who just posts but can't explain the hows or the whys or who is doing the rigging. If the market is rigged then, there should be someone who makes easy money year after year. If this is true, more than likely, more than one person is in the game rigging it. I am a former futures speculator who likes to invest in the stock market. I am still a speculator. Let me tell you something, no speculator in his or her right mind thinks they can control the market. The market is more powerful than any individual. I have distaste for the policies of George Soros but I sometimes believe what he says. He has made this point too. His son has described his dad's market losses. When the market moves against Soros, Soros gets out before the market takes his money away.
On a side note, the media has to conjure up some story to explain why the stock market went up or down every day it moves. Much of it is just part of the truth or just plain conjecture. Sometimes good news or bad news will come out and the market will react in what seems to be in opposition of the report. Sometimes that information is already factored into the market and other times the participants don't care about that news. Sometimes that news is just based on half of the truth and a few big players wanted the public to hear about it.