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The prediction is the socialist moves by the government will drive the DOW to under 5000, do you agree?
I know the short sellers are getting filthy rich. A guy in my office has made 400K.
For being gung ho supporters you obviously quit paying attention after he was elected.
What socialist moves? you ARE kidding right.
10 Answers
- Anonymous1 decade agoFavorite Answer
Barack Obama expanded government spending by $1500 billion to 27% of GDP. Every single penny of corporate earnings will be confiscated to pay for such huge government waste.
And if all corporate profits are going to be confiscated why exactly should I or anyone else want to own any corporate stocks? At any price?
- Boss HLv 71 decade ago
With as much as retirement accounts, hedge funds, and mutual funds have lost, and how much investors and speculators alike have lost, how many jobs our economy keeps shedding and lack of consumer confidence due ot outsourcing, it is pretty much a given that the DOW will fall under 5000.
I could have made that guess in June of 2008.
- ThomasLv 61 decade ago
why do the ideal of this so called socialist driving dow under. when you have capitalism system that really mock up everything? how do you fix this system to avoid all talk about socialist? so, what is the best move to make?
- Duchess XLv 61 decade ago
Uh, no. The DOW has been dropping due to bad economic news. If you really think Obama has something to do with the market dropping, you shouldn't be in the market
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- Anonymous1 decade ago
How will the market do anything but continue to tailspin with obama promising trillions of more spending, and raising of taxes. Its going past 5000 mark my words.
- Anonymous1 decade ago
I think it's going down to 1000, it's a slow leak.
The central banking cartels did this to us.
- 1 decade ago
Hmmm, can you send me the math you used to come up with the correlation. Statistics and correlation is a hobby of mine.
- Anonymous1 decade ago
What socialist move in specific?
- Anonymous1 decade ago
What type of socialism are you referring to?