It occurred to me that if Obama does something to calm the markets...

[Kablooie]

... the market will shoot up like a skyrocket.

There are many below bargain priced stocks right now but no one will buy because of fear for the future.

If Obama calms that fear, all of a sudden traders will want to quickly grab these fire sale stocks before they increase in value which mean the market will see a huge lift.

[DJ13]

1. There are many below bargain priced stocks right now

......until they release drastically lower earnings reports, which will push their P/E's back up.

Its the loss of earnings across all market segments thats pushing the markets lower, and that wont improve until the consumers can afford to buy again.

[global1]

4. What's Happened Is The Economy Finally Caught Up With All The Shenanigans Foisted On Us By.....

Reagan/Bush/Bush Jr. and I'm sure even some of the decisions made during the Clinton years.

What do you expect when you ship industries and jobs overseas; don't pay workers a decent wage and continue raising prices and wiping out the middle class?

Finally - things have caught up. People don't have jobs. Those that do have jobs have to work harder for less money. People have to cut back on spending. They stop buying. And finally all those businesses that took advantage of us can't move product.

They then lay off more people. Or raise prices higher to compensate. The raw materials that are used to make their products start to suffer as they now won't be purchased and we keep on spiraling further and further down this rabbit hole.

The best thing that Obama can do is to create jobs for people. Provide them with a decent working wage so they can again have the confidence that they can support their families and start buying product again. Jobs and decent wages are the economic engine to get this economy going again.

Christmas '08 will be lean. Retail sales will further suffer as people just don't have the money to purchase gifts as they are just trying to pay the utilities, rent, house payment or feed the family.

It was predictable that this would happen - when the Repugs systematically began dismantling the middle class.

I was in China in 1995. I saw a great deal of building projects underway. Infrastructure. Roads, airports, industrial complexes, whole cities going up. Back then the bicycles outnumbered the cars on the road.

Things have changed in China now. As the Chinese went to work and began drawing a decent wage. A middle class began to emerge that began to purchase products to furnish their new apartments or houses. They purchased cars. The economic engine is jobs. Put people back to work.

It's kind of ironic now - China has gone from bicycles to cars and America is going from cars to bicycles.

What's wrong with this picture?

[dkf]

2. Skyrocketing stocks are a bit ambitious for now.

I'm just hoping we stop the bleeding.

Settling the Citi situation would help.

[bedslave]

3. I think if Obama nominated Sarah Palin as secretary of treasure

it would make obama seem batshit crazy,but it would keep wall street on there heels to not fuck up,or else Palin will have to come in and fix it.

[opihimoimoi]

5. The DOW went up 500+ Friday after Dept of Com Sec was announced

That was a shock of ObI's Mana Power