Welcome, Guest. Please login or register.
Did you miss your activation email?
December 19, 2014, 10:49:08 pm
HomePredMockPollEVCalcAFEWIKIHelpLogin Register
News: Please delete your old personal messages.

+  Atlas Forum
|-+  General Politics
| |-+  Economics (Moderator: ag)
| | |-+  Stock market now lowest since Oct. 1996
« previous next »
Pages: [1] Print
Author Topic: Stock market now lowest since Oct. 1996  (Read 5217 times)
○∙◄☻tπ[╪AV┼cV└
jfern
YaBB God
*****
Posts: 32484


View Profile
« on: March 02, 2009, 10:09:37 pm »
Ignore

This is the S&P 500

Close today: 700.82
Low today: 699.70

Down 55% from the highs of Oct. 2007.

Last lower low: 696.22 on Oct. 29, 1996
Last lower close: 697.26 on Oct. 28, 1996

What was going on then.

Clinton was running for re-election. He win by a decent margin the next week.
OJ's civil trial had just started.
FauxNews had launched earlier in the month.
The Freedom of Information Act had been signed by Clinton earlier in the month.
Clinton had signed welfare reform in August.
The first free version of Internet Explorer was released in August.
MSNBC was launched in July.

Logged
Eraserhead
YaBB God
*****
Posts: 39403
United States


View Profile
« Reply #1 on: March 03, 2009, 01:58:37 am »
Ignore

Obviously, the market has absolutely no confidence with Democrat Presidents.

Yeah, this is all Obama's fault. It's not the result of years worth of Republican economic policies or anything.
Logged

Gustaf
Moderators
YaBB God
*****
Posts: 26997


Political Matrix
E: 0.39, S: -0.70

View Profile
« Reply #2 on: March 03, 2009, 02:10:56 pm »
Ignore

Isn't that the time when Alan Greenspan called the stock market levels "irrational exuberance"?
Logged

This place really has become a cesspool of degenerate whores...

Economic score: +0.9
Social score: -2.61

In MN for fantasy stuff, member of the most recently dissolved centrist party.
Sam Spade
SamSpade
YaBB God
*****
Posts: 27871


View Profile
« Reply #3 on: March 03, 2009, 02:40:55 pm »
Ignore

Isn't that the time when Alan Greenspan called the stock market levels "irrational exuberance"?

Good call.  I believe it was December of that year.  He was a little late, however.
Logged
○∙◄☻tπ[╪AV┼cV└
jfern
YaBB God
*****
Posts: 32484


View Profile
« Reply #4 on: March 04, 2009, 12:08:29 am »
Ignore

Close today: 696.33
Low today: 692.30

Last lower close: 694.61 on Oct. 10, 1996
Last lower low:    691.78 on Oct. 3, 1996

The last day that the market was lower than its low today, the market had opened at a record high of 694.01.
Logged
○∙◄☻tπ[╪AV┼cV└
jfern
YaBB God
*****
Posts: 32484


View Profile
« Reply #5 on: March 05, 2009, 11:11:31 pm »
Ignore

More record lows today.

Close today 682.55
Low today 677.93

Last lower close Sept 18 1996: 681.47
Last lower low Sept 13 1996: 671.15

Logged
Storebought
YaBB God
*****
Posts: 3084
View Profile
« Reply #6 on: March 06, 2009, 12:17:50 pm »
Ignore


President Barack Obama now has the distinction of presiding over his own bear market.


The Dow Jones Industrial Average has fallen 20 percent since Inauguration Day, the fastest drop under a newly elected president in at least 90 years, according to data compiled by Bloomberg. The gauge has lost 53 percent from its October 2007 record of 14,164.53, slipping 4.1 percent to 6,594.44 yesterday.

More than $1.6 trillion has been erased from U.S. equities since Jan. 20 as mounting bank losses and rising unemployment convinced investors the recession is getting worse. The president is in danger of breaking a pattern in which the Dow rallied 9.8 percent on average in the 12 months after a Democrat captured the White House, according to data compiled by Bloomberg.
Logged
Democratic Hawk
LucysBeau
YaBB God
*****
Posts: 14671
United Kingdom


View Profile
« Reply #7 on: March 06, 2009, 12:24:24 pm »
Ignore

Of course, all the causation predates this president

Dave
Logged

Moderate Liberal Populist Smiley [Personal 45%/Economic 42%] / Defense 'Hawk'

Registered in Georgia for Fantasy Politics
Tetro Kornbluth
Gully Foyle
YaBB God
*****
Posts: 11629
Ireland, Republic of


View Profile
« Reply #8 on: March 06, 2009, 12:40:31 pm »
Ignore

Of course putting the trust of the world economy in the hands of the type of people who work on wall street and the goverment of the United States is also, I find, not a very good idea.
Logged



Quote
Keith R Laws ‏@Keith_Laws  Feb 4
As I have noted before 'paradigm shift' is an anagram of 'grasp dim faith'
incredibly specific types of post-punk music
BRTD
YaBB God
*****
Posts: 73021
United Kingdom


View Profile
« Reply #9 on: March 06, 2009, 12:41:43 pm »
Ignore

Of course putting the trust of the world economy in the hands of the type of people who work on wall street and the goverment of the United States is also, I find, not a very good idea.

Yeah, Ralph Nader should be running the economy!
Logged




01/05/2004-01/10/2014
Tetro Kornbluth
Gully Foyle
YaBB God
*****
Posts: 11629
Ireland, Republic of


View Profile
« Reply #10 on: March 06, 2009, 12:49:11 pm »
Ignore

Of course putting the trust of the world economy in the hands of the type of people who work on wall street and the goverment of the United States is also, I find, not a very good idea.

Yeah, Ralph Nader should be running the economy!

Yeah, people putting words in my mouth and thinking in silly binary either/or reasoning!
Logged



Quote
Keith R Laws ‏@Keith_Laws  Feb 4
As I have noted before 'paradigm shift' is an anagram of 'grasp dim faith'
incredibly specific types of post-punk music
BRTD
YaBB God
*****
Posts: 73021
United Kingdom


View Profile
« Reply #11 on: March 06, 2009, 12:57:24 pm »
Ignore

Of course putting the trust of the world economy in the hands of the type of people who work on wall street and the goverment of the United States is also, I find, not a very good idea.

Yeah, Ralph Nader should be running the economy!

Yeah, people putting words in my mouth and thinking in silly binary either/or reasoning!

Well you've said out of Gore, Bush and Nader, Nader is the best choice to be President and you didn't support Kerry or Obama either...
Logged




01/05/2004-01/10/2014
Tetro Kornbluth
Gully Foyle
YaBB God
*****
Posts: 11629
Ireland, Republic of


View Profile
« Reply #12 on: March 06, 2009, 01:08:14 pm »
Ignore

Of course putting the trust of the world economy in the hands of the type of people who work on wall street and the goverment of the United States is also, I find, not a very good idea.

Yeah, Ralph Nader should be running the economy!

Yeah, people putting words in my mouth and thinking in silly binary either/or reasoning!

Well you've said out of Gore, Bush and Nader, Nader is the best choice to be President and you didn't support Kerry or Obama either...

And pray tell me, what does this fact have to do with anything in this thread?
Logged



Quote
Keith R Laws ‏@Keith_Laws  Feb 4
As I have noted before 'paradigm shift' is an anagram of 'grasp dim faith'
incredibly specific types of post-punk music
BRTD
YaBB God
*****
Posts: 73021
United Kingdom


View Profile
« Reply #13 on: March 06, 2009, 01:10:28 pm »
Ignore

Of course putting the trust of the world economy in the hands of the type of people who work on wall street and the goverment of the United States is also, I find, not a very good idea.

Yeah, Ralph Nader should be running the economy!

Yeah, people putting words in my mouth and thinking in silly binary either/or reasoning!

Well you've said out of Gore, Bush and Nader, Nader is the best choice to be President and you didn't support Kerry or Obama either...

And pray tell me, what does this fact have to do with anything in this thread?

Of course putting the trust of the world economy in the hands of the type of people who work on wall street and the goverment of the United States is also, I find, not a very good idea.

So basically we should put it in Ralph Nader's hands instead. Yeah, that's not worrying at all!
Logged




01/05/2004-01/10/2014
??????????
StatesRights
YaBB God
*****
Posts: 31302
Political Matrix
E: 7.61, S: 0.00

View Profile
« Reply #14 on: March 06, 2009, 01:36:17 pm »
Ignore

Obama is a fool who has no idea what to do or what's going on. Change we can believe in! Yes we can! Yes we can!
Logged
Tetro Kornbluth
Gully Foyle
YaBB God
*****
Posts: 11629
Ireland, Republic of


View Profile
« Reply #15 on: March 06, 2009, 01:36:22 pm »
Ignore

Way to fail to read, BRTD.

Amounts of time I have mentioned Nader in this thread = zero. I gave no advice on what to do regarding this mess, only that our ideas about how to solve it are self-defeating and essentially conservative (that's not necessarily bad btw).
Logged



Quote
Keith R Laws ‏@Keith_Laws  Feb 4
As I have noted before 'paradigm shift' is an anagram of 'grasp dim faith'
Judischen Volksfront
exnaderite
YaBB God
*****
Posts: 5489


Political Matrix
E: -3.29, S: -8.26

View Profile
« Reply #16 on: March 06, 2009, 02:16:44 pm »
Ignore

Obama is a fool who has no idea what to do or what's going on. Change we can believe in! Yes we can! Yes we can!

My guess is that the Dow will be about 3000, if McCain were in the White House again.

He promised to veto every beer, which is cute, though.
Logged

opebo
YaBB God
*****
Posts: 47606


View Profile
« Reply #17 on: March 06, 2009, 03:33:19 pm »
Ignore

Obama is a fool who has no idea what to do or what's going on.

Perhaps, but what does this have to do with the stock market or the depression?

Logged

The essence of democracy at its purest is a lynch mob

Marokai Besieged
Marokai Blue
YaBB God
*****
Posts: 16931
United States


Political Matrix
E: -7.42, S: -7.39

P

View Profile
« Reply #18 on: March 06, 2009, 03:58:58 pm »
Ignore

Obama is a fool who has no idea what to do or what's going on. Change we can believe in! Yes we can! Yes we can!

My guess is that the Dow will be about 3000, if McCain were in the White House again.

He promised to veto every beer, which is cute, though.

Are you saying you don't trust plans to massively cut taxes and freeze all but defense spending? How silly!
Logged

J. J.
YaBB God
*****
Posts: 32091
United States


View Profile
« Reply #19 on: March 07, 2009, 02:45:52 pm »
Ignore

Obama is a fool who has no idea what to do or what's going on. Change we can believe in! Yes we can! Yes we can!

My guess is that the Dow will be about 3000, if McCain were in the White House again.

He promised to veto every beer, which is cute, though.

He might have stabilized things, but no improvement over last fall.  The question is, will Obama make things worse?  It is too early to tell.
Logged

J. J.

"Actually, .. now that you mention it...." 
- Londo Molari

"Every government are parliaments of whores.
The trouble is, in a democracy the whores are us." - P. J. O'Rourke

"Wa sala, wa lala."

(Zulu for, "You snooze, you lose.")
Gustaf
Moderators
YaBB God
*****
Posts: 26997


Political Matrix
E: 0.39, S: -0.70

View Profile
« Reply #20 on: March 08, 2009, 04:41:36 am »
Ignore

A note: the stock market tends to reflect expectations of future cash-flows so it should, at least in theory, be a lot less sensitive to time-lags. While Obama can't be blamed for most other indicators getting worse the stock market is arguably somewhat about what he's done or promised to do.
Logged

This place really has become a cesspool of degenerate whores...

Economic score: +0.9
Social score: -2.61

In MN for fantasy stuff, member of the most recently dissolved centrist party.
Gravis Marketing
brittain33
YaBB God
*****
Posts: 13087


View Profile
« Reply #21 on: March 08, 2009, 10:50:06 am »
Ignore

A note: the stock market tends to reflect expectations of future cash-flows so it should, at least in theory, be a lot less sensitive to time-lags. While Obama can't be blamed for most other indicators getting worse the stock market is arguably somewhat about what he's done or promised to do.

What might he have done or promised to do that would have averted the realization of massive losses at blue-chip companies and banks?
Logged
Zarn
YaBB God
*****
Posts: 3782


Political Matrix
E: 7.35, S: -5.91

View Profile
« Reply #22 on: March 08, 2009, 11:11:56 am »
Ignore

Obama is a fool who has no idea what to do or what's going on. Change we can believe in! Yes we can! Yes we can!

My guess is that the Dow will be about 3000, if McCain were in the White House again.

He promised to veto every beer, which is cute, though.

My guess is that you haven't been paying attention to the DOW, and what the investors are saying. No, they are not asking for bailouts.
« Last Edit: March 08, 2009, 11:13:53 am by Zarn »Logged
Boris
boris78
YaBB God
*****
Posts: 7027
United Kingdom


Political Matrix
E: -1.55, S: -4.52

P
View Profile WWW
« Reply #23 on: March 08, 2009, 11:54:48 am »
Ignore

Obama is a fool who has no idea what to do or what's going on. Change we can believe in! Yes we can! Yes we can!

good to see you back, bro Smiley
Logged

Gustaf
Moderators
YaBB God
*****
Posts: 26997


Political Matrix
E: 0.39, S: -0.70

View Profile
« Reply #24 on: March 13, 2009, 05:02:14 pm »
Ignore

A note: the stock market tends to reflect expectations of future cash-flows so it should, at least in theory, be a lot less sensitive to time-lags. While Obama can't be blamed for most other indicators getting worse the stock market is arguably somewhat about what he's done or promised to do.

What might he have done or promised to do that would have averted the realization of massive losses at blue-chip companies and banks?

If you read my post again you should find both that a) the implicit proposal in your post is fully compatible with what I said and b) it is not really relevant to the point I was making.
Logged

This place really has become a cesspool of degenerate whores...

Economic score: +0.9
Social score: -2.61

In MN for fantasy stuff, member of the most recently dissolved centrist party.
Pages: [1] Print 
« previous next »
Jump to:  


Login with username, password and session length

Logout

Powered by SMF 1.1.20 | SMF © 2013, Simple Machines