ANOTHER RED DAY IN THE MARKETS!!! DOW FUTURES -100!!!

The Ugliness Continues — Markets Are Deteriorating Again

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3 hzerohedge‏@zerohedge

Japan’s Total Government Debt Rises to 983.3 Trillion Yen

ftse is only down right now 20 points

and fut is down 17

If there was ever an indication of how the captains of industry and the business world view Obama, this market slide right after the election is very revealing.

FTSE 100 /quotes/zigman/3173262 5,752 -24 0.42% [link to www.marketwatch.com] well it's a start...

i think this is more about europe and south eu countries situation...

So the timing is just a coincidence?

13 minBusiness Insider‏@businessinsider

The Euro Is Getting Smacked [link to read.bi]

of course there are a disapointment with Obama election, but the greek situation is a huge problem to big banks etc...

Last Edited by Luisport on 11/09/2012 05:42 AM

Business Insider‏@businessinsider

KRUGMAN: Dear Obama, Don't Make A Fiscal Cliff Deal [link to read.bi]

Ridiculous. The Greek situation was well understood before the markets began their slide Wednesday. Obama elected Tuesday. Bloodbath in the markets since Wednesday. Its that simple.

The Greek situation is critical now... but ok i don't want to go by politics because i'm outside...

and there are the fiscal cliff issue too...

No. Not a coincidence. Same thing happened in 2008 after Obama's election. The financial markets get jittery because of Obammy, IMHO.

55 sBusiness Insider‏@businessinsider

John Boehner And Barack Obama Should Reveal A Lot About The Fiscal Cliff Today [link to read.bi]

Daily gyrations with a trend downwards. The markets have no appetite for austerity. After all, which business owner wants to be operating in an austere economy. So all this talk of austerity is basically driven by a need to drive down wages but is also tempered by the need to ensure that consumers are not pauperised.

But then again, you don't own a business so this is probably all too hard for you to grasp.

Austerity - the policy of a government cutting spending by reducing benefits and entitlements? I believe you are comparing governmental economic policies with free market. Of course, I don't own a business so I'm too dumb to understand, right?

LMFAO! In a week some of you low-brows will be like hey futures are only down 95%, they'll bounce back any minute.

Let it all burn so idiots can learn.

Exactly. Do you think a business owner cares where his profits come from. Oh yeah, I can see him standing at the door to his mall saying, no benefit spenders please. God, are you people that stupid!!

edit: its a fine balance. Enough benefits to keep em spending but not too much to raise taxes. However at the end of the day, he wants shoppers in is store, not a percentage reduction in taxes that are nowhere as high as they were when social democrats where much further to the left, and empty stores. Obama is an educated man. He knows this.

Last Edited by Marxist on 11/09/2012 06:22 AM

Precisely. Business owners don't care where their profits come from -- they'll suck the tit of whoever they have to to get their shekels.

Which is why capitalism and Marxism are in bed with each other and have been since the Second World War.

The growth economy itself needs to be destroyed.

I think you find putting together a simple coherent train of thought hard to grasp. Businesses don't care where the money comes from, yet you blame "Austerity" for the downward trend?