Why should I care about Wall Street's Reaction

[malaise]

to the whipping inflicted by the Dems? I was under the impression that it was government of the people and not government of Wall Street. WTF is wrong with MSM?

[Vorta]

1. The DOW is up 110 pts from Monday, isn't it?

[frankenforpres]

2. because it can effect the economy

that is why it is news.


by biggest worry, is that the housing bust is going to tank the economy into a recession and somehow they are going to try and blame DEMs

[leftyladyfrommo]

3. Because most peoples 401K money is on Wallstreet. n/t

[DemocratSinceBirth]

4. I Guess Because

Democrats are investors too... I suspect many Democrats are invested in the market.

I also think if major coporations like Ford and General Motors go bankrupt there's going to be a lot of working folks without health care, jobs, or pensions...

[mondo joe]

5. Why NOT care about it? People are investors. The economy affects people.

Care for the same reason you'd care about anything else that impacts people.

[HereSince1628]

6. The markets are gonna get over it cause nearly every policy

decision creates a bullish opportunity somewhere.

Even the slave-labor based clothing industry out in Saipan will benefit from increased dollars in consumers' hands that come from hike in minimum pay.

[malaise]

8. What I don't get is

the emphasis on Wall Street's reaction rather than the simple truth that the market will simply have to adjust to the will of the fugging people.
The way the discussion is being presented suggests that the corporations interests matter more than the people. Why do these oligarchs who control the media believe that their interests supercede the will of the people.

I thought the majority of the people made a statement about the role of special interests.
Sp.

[HereSince1628]

13. Can you say "folks like Kudlow are friggin sore losers?"

The restoration of taxes on investment income they fear so much probably won't happen during the next congress anyway.

[jobycom]

7. So you think turtles are doing the investing on Wall Street?

Whether you are or not, millions of PEOPLE invest on Wall street. Our governmet "of the people" is affected by what happens there.

In addition, it affects just about everything you buy, and it affects the job security and wage level of most people. Not directly, and it is only one factor, but it is important. It also affects the debt level of the nation and the overall health of the economy. Again, it's not the only factor, and it can be misleading--for instance, sometimes the market can go down even as wages go up, and more often vica versa, where the market goes up but wages go down--but it is one of several factors.

If a major earthquake leveled San Francisco, it would not affect my personally, either, but I would not complain that the media saw fit to report it.

[malaise]

10. I think most of you are missing my point

If Wall Street only supports one party, then fugg Wall Street.

[jobycom]

14. Then you missed mine

Wall Street is non-partisan.

[malaise]

19. I'm not sure about that but

if you believe that, perhaps you should email MSNBC and remind them. By the way which company stopped speculating on oil futures just before the election to keep gas prices down?

[EFerrari]

27. Not true. They are Corporate. That's the real Party in power here.

The rest of us have hobbies but that's where the power is.

[DemocratSinceBirth]

17. They Don't Support One Party...

Goldman-Sachs is one of the biggests houses on Wall Street and it's "Democratic"

Bob Rubin, Jon Corzine, and Warren Buffet, all Wall Street players are all Democrats...

[Double T]

9. MSM is part of the wall street money siphon............

and THEY won't be happy till THEY have bled THIS nation dry by outsourcing every American job and relocating every manufacturing factory to a slave wage market where pollution and environmental controls don't matter; THEY'RE investing in OUR OWN COUNTRIES DEMISE!!!!!

Traitor: # In law, treason is the crime of disloyalty to one's nation. A person who betrays the nation of their citizenship and/or reneges on an oath of loyalty and in some way willfully cooperates with an enemy, is considered to be a traitor. Oran's Dictionary of the Law (1983) defines treason as: "......citizen's actions to help a foreign government overthrow, make war against, or seriously injure the ."
en.wikipedia.org/wiki/Traitor

[malaise]

11. Thank you

Double T.

[earth mom]

12. Wall Street is the devil.

But to some Wall Street is god. :puke:

[Double T]

15. You're absolutely correct!!!! Worshiping the almighty dollar........

says a lot about WHO and WHAT you are.

[DemocratSinceBirth]

22. How Do You Help The Poor If You Don't Have Any Money To Share With Them?

eom

[earth mom]

24. What a joke! You're kidding right?

:rofl:

Yeah, those on wall street are really sharing their windfalls with the poor! NOT! :eyes:

[Mizmoon]

28. How do you know what "people on Wall Street" do?

I live in New York. I know lots of people who work on Wall Street. Some of them fit the selfish stereotype, others are very concerned with other people and donate to charity and whatnot. They are not clones, they are people just like you and me.

[earth mom]

32. Greed is fueling this country to the tune of outsourcing & criminally low wages

aka total exploitation of workers. All of which can be directly connected to wall street and the ever increasing demand of stockholders for more and more dividends.

Those with a so called "conscience" on wall street are contributing to the problem whether they can admit that or not; no matter how much they donate to charity.

[DemocratSinceBirth]

36. I Suspect They Pay Taxes...

How are you going to run a government without revenue?

[Double T]

25. A GROWING segment of OUR population that was NOT previously poor........

has either become or will become poor thanks to wall street, corporate america AND investors that have come to DEMAND UNREALISTIC RETURNS for their investments. The vast middle class of this nation has paid a VERY HIGH PRICE so that rich and filthy rich can become even richer; WHEN IS 'MORE' ENOUGH?? ANSWER: NEVER. When corporations made 'the investors' priority number 1 in THEIR MISSION STATEMENTS, somebody and something had to pay THAT price. Reinvestment in USA manufacturing facilities and the American workers jobs have been sacrificed for the corporations commitment to its investors. THIS is an ugly scenario THAT will ONLY continue to become uglier. Few american workers want 'welfare' in ANY form; THEY do want to have a sense of worth with a DECENT paying job.

[earth mom]

34. You are spot on!

Bravo! :applause:

[HereSince1628]

18. Wall Street is similar to Las Vegas. It just reflects human nature

Pros scamming the easy marks is just part of the game.

[mondo joe]

23. Wall Street is neither devil nor god, but a human tool and part of our

economy.

[SmokingJacket]

Wall Street only cares about Wall Street.

Over the years it's become less and less connected to the real world economy, and now it's really just a barometer of itself.

[WI_DEM]

16. I agree, I couldn't care less what Wall Street because it's a done deal

and Wall Street can kick and cry all they want or they can let it go.

[nonews]

20. What an idiotic statement!

Most of all America is involved with Wall Street in one way or another: IRA's, 401-k'. Roth IRA'S; all pension plans, etc. Even the janitor in your kids' school has some kind of pension plan. Guess where this money is invested? Wall St. People come up with such stupid stements sometimes.

[Double T]

29. Just because a lot of people or organizations do IT, IT does NOT make IT RIGHT......

a lot of people thought invading Iraq was a good idea? When monopolies and cartels bribe politicians so THEY can do as THEY wish with whomever THEY choose, MOST of 'US' will be screwed....eventually.

[mondo joe]

31. And yet because it touches so many lives it is worth attention.

That was the question - why care about it. And now you have the answer.

[emulatorloo]

21. Dunno, but looks like the market is up! EOM

[EFerrari]

26. The corporate media is the propaganda arm of Wall Street.

Nothing wrong with them. They're just earning their paychecks.

[RebelOne]

30. I care a whole lot. I have a 401K and an IRA

and I want to retire sometime in the near future.

[Selatius]

33. You'll retire better under a Congress undominated by corporate crooks than one that...

is dominated by corporate crooks.

[DemocratSinceBirth]

38. Some Of Your Fellow Posters Think Investing Is Evil. I Guess You Can Work To You Drop

eom

[nolabels]

35. WTF is wrong with MSM is that the corporate interests that own them..........

think they are the king makers. In reality they are but maybe that's changing too. For an example on how it really works you just have to look at Arnold in California.
Raygun was one of their proto-types also.

The more rural states that are often ignored by MSM could wind up being the fixer here

[Selatius]

37. In a true democracy, only a person's vote counts, not the size of his wallet.

That's true democracy.

[malaise]

39. And that was the only point I

was making. Thank you very much for repeating the point.

I have nothing against investing as some posters on this thread are suggesting. Bottom line - the people select the government not the corporations or Wall Street.

[Selatius]

40. Yes, I agree wholeheartedly with your sentiments

What distresses me is people who are either non-committal or even opposed to the idea of ensuring the will of the people is heard over the interests of a select few monopolists and industrialists on Wall Street. What bothers me is an economy that largely is operated as an oligarchy dictatorship as opposed to a democratic order of living. The ownership society only sounds good when you live among the Haves instead of the Have-Nots.

[malaise]

42. Bingo n/t

[MazeRat7]

41. You may not... but I sure as hell do...

Of course it doesn't really matter to me "how" they react... so long as I can understand it and trade accordingly.

MZr7