November 08, 2012

Unexpectedly: Stocks Suffer Heavy Losses Second Straight Day After Election;
Analysts Baffled
— Ace

I can't figure this Mystery out.

Can you?

The markets took heavy losses for a second day in a row Thursday in a broad-based retreat late in the session. Every major sector closed to the downside.

According to preliminary calculations, the Dow Jones Industrial Average fell 121 points, or 0.93%, to 12812, the S&P 500 dipped 17 points, or 1.2%, to 1378 and the Nasdaq Composite slumped 41.7 points, or 1.4%, to 2896.

The S&P 500, considered one of the best barometers of U.S. equities, tumbled 2.4% on Wednesday in its worst day on a percent basis since June. The losses added up in late trading on Thursday as well, with the S&P sinking 1.2%.

Troll Busting: Thank you for letting me know about the Stormfront invasion. I've been busily feeding hashes into the Trollbuster, but just realized it's currently not working. Usually it trollbusts immediately.

I've put into Pixy for the IPs to be banned. This takes longer.

Headline improved by AnonymousDrivel.

Posted by: Ace at 12:37 PM | Comments (368)
Post contains 187 words, total size 1 kb.

1 Gee, dunno.

NO confidence?

Posted by: © Sponge at November 08, 2012 12:38 PM (UK9cE)

2 The free hand of the market is RACIST

Posted by: wooga at November 08, 2012 12:38 PM (vjyZP)

3 Fiscal Cliff isn't even here yet.

Posted by: wheatie at November 08, 2012 12:38 PM (ICEh3)

4 Joe Biden will not be the next CEO of Seven-Eleven.

Posted by: Gerry at November 08, 2012 12:38 PM (i8u8P)

5 Morons at CNBC blame Greece. It is all Obama

Posted by: Jack J at November 08, 2012 12:39 PM (t4nf+)

6 *scratches head*

Posted by: Jane D'oh at November 08, 2012 12:39 PM (UOM48)

7 What is that about 400 - 500 point drop in two days?

Posted by: Vic at November 08, 2012 12:39 PM (YdQQY)

8 Americans jump on board with the policies for full out destruction of the US Economy and investors take their money and run. 

Huh.

  Who'da guessed THAT would happen?!?

Posted by: © Sponge at November 08, 2012 12:39 PM (UK9cE)

9 There's confidence--- that everyone needs to abandon ship.

Posted by: Z Ryan at November 08, 2012 12:39 PM (tsC/8)

10 UNEXPECTED! ta da da!

Posted by: Comrade J at November 08, 2012 12:39 PM (6kkPP)

11 It's an ORCA market.

Posted by: NCKate at November 08, 2012 12:39 PM (MsQkt)

12 Honey Boo Boo's baby sister is having her third thumb removed. It's the only answer that makes sense.

Posted by: Sticky Wicket at November 08, 2012 12:39 PM (L7hol)

13 QE 4 is soon approaching.

Posted by: © Sponge at November 08, 2012 12:40 PM (UK9cE)

14 WOW!!  Republican is the new Attorney General of West Virginia. Dems have owned that state for 150 years

Posted by: Jack J at November 08, 2012 12:40 PM (t4nf+)

15 Europe. Or Sandy. Or Sandy Europe. SQUIRREL!

Posted by: The MSM at November 08, 2012 12:40 PM (RD7QR)

16 I'm glad they sentenced that Anti-Islam Video maker to a year in jail, but I still see his influence is roiling the markets. I think it should settle down soon

Posted by: Truck Monkey at November 08, 2012 12:40 PM (jucos)

17 "Joe Biden will not be the next CEO of Seven-Eleven." Because he can't affect a decent Indian accent?

Posted by: Occam's Safety Razor at November 08, 2012 12:40 PM (8Mgrk)

18 I'll bet the price of gold goes even higher as well. It is shooting up as we speak now

http://www.goldprice.org/spot-gold.html

Posted by: Vic at November 08, 2012 12:41 PM (YdQQY)

19

This is just the beginning. Wait until the ObamaCare taxes hit small businesses. Employment will drop even further. What is most worrisome is that we can no longer depend upon the press for accurate information. For example, the situation in NY and NJ...some areas now ten days without electricity.

 

Posted by: Mike at November 08, 2012 12:41 PM (SKVjG)

20 If I don't have this fixed in three years, then it will be a two term proposition.

Posted by: Barack Obama at November 08, 2012 12:41 PM (l3vZN)

21 Apres moi, le deluge. (Or, during). Next up, Thunderdome.

Posted by: tubal at November 08, 2012 12:41 PM (BoE3Z)

22 Right. Bernake to the rescue with more worthless dollars. Libs at Goldman and Chase will be Happy

Posted by: Jack J at November 08, 2012 12:41 PM (t4nf+)

23 Snooki's baby clothing line must be even more awful than I imagined.

Posted by: HeatherRadish, Crankypants at November 08, 2012 12:41 PM (/kI1Q)

24 Let it fucking burn.

Posted by: Mr. Pink at November 08, 2012 12:41 PM (++kZl)

25 21. LOL!!! Good one. Mad Max will be our leader

Posted by: Jack J at November 08, 2012 12:41 PM (t4nf+)

26 this clearly requires an eight-year plan maybe twelve forwards!

Posted by: Kevin at November 08, 2012 12:42 PM (ApULL)

27 Obama Job approve/dis  49-44 (down 1 from yesterday).

Watching this fall is going to be so much fun. This was a turnout election, where a great number of would-be voters didn't vote because they were scared out of voting for Romney. They still hated Obama though, and still do.

He won with 51% of the VOTE, but he doesn't have 51% of the people's support.

They won because they got their base to the polls. We didn't.

WORK ON IT GOP

Posted by: bigpale at November 08, 2012 12:42 PM (TDbSH)

28 I don't like this. a bad day for Wall Street = bad day for Boehner Boehner is feeling the heat. More days like this make it more likely Boner will buckle.

Posted by: soothsayer at November 08, 2012 12:42 PM (jUytm)

29 Ace Let's be honest .... Obama won because the media and demorats use social issues , culture to win over most democrats states , 2/3 of then have a 75% and over white population and the vote aginst their ecomnic interests. Hispanics and black population are concentrated in red states, so the larger they have gotten , ( mostly Hispanic) the more the are turning former red states blue... First California, Nevada, New Mexcio, Floirda, Virginia, next Arizona, Texas The way democrats win then is by naked appeals to tribe and race...".. This appeal -- appeal to one's tribe -- is powerful. It's also racist, and divisive, and promotes an Us vs. Them mentality... all those things which are terrible if a Republican even hints at it." And giving amnesty to the 15 million illegals isn't going to win over Hispanic , they have become like blacks ... Comfortable with a big fat corrput welfare government It's not like they learned anything from the countries they leave in desperation for a decent living that are big, fat, corrupt socialist countries. Romney who's a honest , decent man... Thought I wouldn't play the nake appeal to race, us vs them, under the radar the way democrats do.....Especially in Ohio, 80% white.... He thought ! the ecomny., jobs, a ecomnic future for that will stop us from becoming to Greece, citizens have to care they leave a viable nation to their children or for themselves. Sorry, whites in blue states care more about abortion that would never be outlawed in their state.... Or to feel socially insink with the media culture. And all these white fools Wisconsin, Ohio, Pennsylvania, Minnesota, New Hampshire, Michigan, and other states like Oregon, and Connecticut.... Who at least 51 % should have woken up.... Wouldn't until it's too late and they realize voting for silly culture issues that would never effect their lives or become laws in the states...... Wasn't worth fiscal suicide. One other piont, if republicans message that didn't connect with voters then with are 30 as of this election run by Repiblcan Governor's or his the House still republicans.... Because the closer to the vote the more they vote on what actually effects them, taxes, fiscual issues, ecomny.... And not storied issues the media invented.

Posted by: Sam at November 08, 2012 12:42 PM (FWINB)

30 Just the evil capitalist bastards getting nervous about the thought of having to contribute to the community for change.

Posted by: Harrison J. Bounel on the Down Low at November 08, 2012 12:42 PM (C34KJ)

31 The market has been doing great the past two days!  Just don't look at the numbers.

Posted by: Jim Cramer at November 08, 2012 12:42 PM (/YJYi)

32 Could it be the sushi?

Posted by: Cricket at November 08, 2012 12:42 PM (DrC22)

33 pfft, no problem govt will start playing the market
and help in its recovery.
stat

Posted by: willow at November 08, 2012 12:42 PM (hX8cq)

34 Tampon scare still filtering through the markets?

Posted by: USA at November 08, 2012 12:42 PM (RIg+t)

35 Arab Spring!!! (someone already said Sandy).... Oh, and newly named winter storm Athena! And, and....Bush McHitlerCheneyPalin....

Posted by: khelek at November 08, 2012 12:43 PM (j1CLz)

36
I'm telling you guys.....

Boehner needs to give the Preezy almost everything he wants.

Posted by: fixerupper at November 08, 2012 12:43 PM (yzX2R)

37 Oh, you'll just looove the new cover of Newsweek. 

"The Obama Conquest"  Lucky General or Master of the Game?

Complete with him dressed as George Washington.  Oh, what's that you ask?  You want to know the upper mag cover blurb? 

"GOP:  YOU'RE OLD, YOU'RE WHITE AND YOU'RE HISTORY!"

Posted by: Lady in Black at November 08, 2012 12:43 PM (lTVJy)

38 We're just raaaaaacists.

Posted by: The Stock Market at November 08, 2012 12:43 PM (DLUX7)

39 For example, the situation in NY and NJ...some areas now ten days without electricity. Posted by: Mike at November 08, 2012 04:41 PM (SKVjG) ---------------------------------------------------------- Well, the sentencing of the Anti-Islam Film Maker will help them out too.

Posted by: Truck Monkey at November 08, 2012 12:43 PM (jucos)

40 But dont worry Bernake will just enact QE999999 and push this off on to the next president. BECAUSE ITS FUCKING BUSH'S FAULT!

Posted by: Mr. Pink at November 08, 2012 12:43 PM (++kZl)

41 Why do I have the sneaking suspicion that there are likely more than a few Congresscritters who've made money shorting specific stocks that they know are in the administration's crosshairs? Unfortunately, I couldn't short Mrs. Jakeman's company, which is one of them. Because *I'd* get my ass tossed in jail for insider trading.

Posted by: jakeman at November 08, 2012 12:43 PM (96M6e)

42 Yeah...enjoy your 'Free Hugs', America.

Posted by: El Kabong at November 08, 2012 12:43 PM (JycCV)

43 Was there a set back in the War on Women?

Posted by: USA at November 08, 2012 12:43 PM (RIg+t)

44 Boehner is feeling the heat. More days like this make it more likely Boner will buckle.

Posted by: soothsayer at November 08, 2012 04:42 PM (jUytm)


----


I want Boehner to buckle.

Posted by: fixerupper at November 08, 2012 12:43 PM (yzX2R)

45 Sunspots.

Posted by: toby928© for TB at November 08, 2012 12:44 PM (evdj2)

46 More days like this make it more likely Boner will buckle.

Posted by: soothsayer at November 08, 2012 04:42 PM (jUytm)



His knees are double-jointed.

The KING at Buckle, That IS MY NAME......

Posted by: © Sponge at November 08, 2012 12:44 PM (UK9cE)

47 Boehner is feeling the heat. More days like this make it more likely Boner will buckle. Posted by: soothsayer at November 08, 2012 04:42 PM (jUytm) ___ He's facing a stiff wind.

Posted by: Cricket at November 08, 2012 12:44 PM (DrC22)

48 31 The market has been doing great the past two days! Just don't look at the numbers.

Posted by: Jim Cramer at November 08, 2012 04:42 PM (/YJYi)

Ah, Cramer, everyone's crazy uncle, or the mumbling crank at the end of the bar.

Posted by: tubal at November 08, 2012 12:44 PM (BoE3Z)

49 The economy will not recover until SCOAMF Is out of office. There will be more layoffs, Higher unemployment until 1/20/2017, if We survive.

Posted by: CarolT at November 08, 2012 12:44 PM (5PkZK)

50 Ellery Queen reference?

Posted by: moviegique at November 08, 2012 12:44 PM (Cepxj)

51 The big question for me, where do you put the money after you pull it out of the market?

Posted by: Paladin at November 08, 2012 12:44 PM (LTquJ)

52 My gf still has big titties!!!

Posted by: Zac at November 08, 2012 12:44 PM (F6KtL)

53 okay, let's say the Republicans in the House roll over now let's fast forward to 2014 Are you gonna vote for the Republican running in your district? If yes, why?

Posted by: soothsayer at November 08, 2012 12:45 PM (jUytm)

54 I find Boner useful.

Posted by: Harrison J. Bounel on the Down Low at November 08, 2012 12:45 PM (C34KJ)

55 It's all that damned racism. And math. Don't tell me that decimals and commas aren't evil little bastards.

Posted by: AnonymousDrivel at November 08, 2012 12:45 PM (eHIJJ)

56 Bush's Fault !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Posted by: Wall_E at November 08, 2012 12:45 PM (48wze)

57 Helicopter Ben already announced back in August that the Fed was going to do QE to infinity, so he's used up all his bullets. Prime interest rates are already at near zero.

Since the Bush tax cuts expired 12/31, you'll see lots of profit taking while there's still profits to take.

The MBM of course will blame storms, insufficient Keynesian solutions in the EuroZombieZone, and evil Republicans who won't reach an instant agreement with TFG to unconditionally jack up the debt ceiling another 200 billion

Remember reality tv watchers, Barry Obullshit isn't doing anything for you, but you know, he CARES about you

Posted by: kbdabear at November 08, 2012 12:45 PM (wwsoB)

58 >>>Fiscal Cliff isn't even here yet.

Wallstreet is on about a 6mo guess of the future.

Posted by: MikeTheMoose at November 08, 2012 12:45 PM (0q2P7)

59 the announcement of QE 3 was the market top.  Said it at the time.  We are probably looking at another 2008 style crash, except Helicopter Ben will devalue the dollar a little more to "soften" the blow.

Posted by: tofer732 at November 08, 2012 12:45 PM (2zM0P)

60 Probably Romney selling off stocks to buy more binders. We were warned!

Posted by: USA at November 08, 2012 12:45 PM (RIg+t)

61 "GOP: YOU'RE OLD, YOU'RE WHITE AND YOU'RE HISTORY!" You know that will be a collector's item since they are going out of the print business.

Posted by: toby928© for TB at November 08, 2012 12:45 PM (evdj2)

62 The economy will not recover until SCOAMF
Is out of office.

Who care bout dat shiz? I gots my Bama pho!

Posted by: Typical Obama Voter at November 08, 2012 12:45 PM (/kI1Q)

63 Don't worry, I'll fix it in 2016.

Posted by: Moochelle at November 08, 2012 12:45 PM (96M6e)

64 Barack Obama is a stuttering clusterf*ck of a malignant traitor.

Posted by: AllenG (Dedicated Tenther) All Dead Inside at November 08, 2012 12:45 PM (/eBe8)

65 I think the headline might be missing an "Unexpectedly".

Posted by: AnonymousDrivel at November 08, 2012 12:46 PM (eHIJJ)

66 Invest in ammo.

Posted by: Jane D'oh at November 08, 2012 12:46 PM (UOM48)

67 I blame it on Sandy.

Posted by: AllenG (Dedicated Tenther) All Dead Inside at November 08, 2012 12:46 PM (/eBe8)

68 So the GOP is going to improve on their weaknesses and do better in the next election. Who'll be counting the votes in the next election? The Progs have 4 more years to consolidate power. They will never relinquish that power.

Posted by: Scobface at November 08, 2012 12:46 PM (IoNBC)

69 Expected, significant pending increase in dividend taxation means a CURRENT reduction in equity valuation.

Why. . .its almost as if stock prices tend to "predict" the future value of a company, or something.  Who would have thought?

Posted by: looking closely at November 08, 2012 12:46 PM (PwGfd)

70
Imagine what the markets would look like after a Romney win.

Historical highs.

And, I would be swimming in it.

With tfg back; I'm not touching a penny.

Posted by: longtime moronette at November 08, 2012 12:46 PM (LpQbZ)

71

51 The big question for me, where do you put the money after you pull it out of the market?

 

Invest in Toilet Paper...and Ammo.

There's a shit storm coming.

 

Posted by: wheatie at November 08, 2012 12:46 PM (ICEh3)

72 So really NEWSWEEK: YOU'RE OLD, YOU'RE LIBERAL AND YOU'RE HISTORY! Dentist Offices hardest hit.

Posted by: toby928© for TB at November 08, 2012 12:46 PM (evdj2)

73 Wait.  No.  I blame it on SoCons.

Posted by: AllenG (Dedicated Tenther) All Dead Inside at November 08, 2012 12:46 PM (/eBe8)

74 No, back to Sandy.

Posted by: AllenG (Dedicated Tenther) All Dead Inside at November 08, 2012 12:46 PM (/eBe8)

75 Tell me what's gonna happen in 2014. Will we lose the House or keep it? If we lose it, then what should expect to happen when the Democrats have full control?

Posted by: soothsayer at November 08, 2012 12:46 PM (jUytm)

76 FEAR

Posted by: tasker at November 08, 2012 12:47 PM (r2PLg)

77 No, that can't be it.  Project ORCA?

Posted by: AllenG (Dedicated Tenther) All Dead Inside at November 08, 2012 12:47 PM (/eBe8)

78 Can't the young lad from Chicago out smart the stupid white people running the market?

Posted by: George at November 08, 2012 12:47 PM (qBLA2)

79 64 Barack Obama is a stuttering clusterf*ck of a malignant traitor.

Posted by: AllenG (Dedicated Tenther) All Dead Inside at November 08, 2012 04:45 PM (/eBe

As worn as this is, I never get tired of hearing it.

Posted by: tubal at November 08, 2012 12:47 PM (BoE3Z)

80 Well they told me if I voted for Rombley that,..... wait, what did they say was going to happen again?

Posted by: Truck Monkey at November 08, 2012 12:47 PM (jucos)

81 You know who's going to do well the next four years?  Whoever owns the lavish vacation properties and golf courses where the First Grifters will be traveling.

Posted by: Jane D'oh at November 08, 2012 12:47 PM (UOM48)

82 How long before the idiot bottom suckers that voted for Obama realize they screwed themselves up their on ass ?????????????

Posted by: Wall_E at November 08, 2012 12:47 PM (48wze)

83 Okay conspiracy time! *dons festive tinfoil hat, the one with the propeller* So. Who wants to come out here on this limb with me that this is being done purposefully so that there will be calls to nationalize retirement accounts? Because it's just wrong and a sin that people's life savings could be wiped out by those fat cats on Wall Street. Better the government step in and pay out a guaranteed amount.

Posted by: alexthechick - SMOD. Coming not nearly soon enough. at November 08, 2012 12:47 PM (VtjlW)

84 Wait.  I have it:  BOOOOOSH!!!!

Posted by: AllenG (Dedicated Tenther) All Dead Inside at November 08, 2012 12:47 PM (/eBe8)

85 Invest in ammo.

Booze and bullets are looking like a really good investment strategy right now.

Posted by: Meiczyslaw at November 08, 2012 12:47 PM (4+LTj)

86 If i had a shit ton of money in the stock market i would take it out before they jacked up taxes in January. But hey thats just me, and WTF do I know im a moron who voted for Romney. Single white chicks who just graduated fucking college with degrees in womens studies obviously know more than I do and they all voted for Obama. Shows me huh?

Posted by: Mr. Pink at November 08, 2012 12:47 PM (++kZl)

87 Whose in charge of making up the asinine reasons that the market goes up or down? Yesterday it was down because of a looming problem. Today I read first thing that it was up because the trade deficit was down. Later in the day it was down because of the looming problem again. I've heard it go up in the past becaus of layoffs, and down --- because of layoffs. Whoever is making up these reasons needs to STFU.

Posted by: Whatev at November 08, 2012 12:47 PM (2t6Gz)

88 Ben Bernanke, call your office.

Posted by: hannitys_hybrid at November 08, 2012 12:47 PM (zpqa2)

89 Give Obama everything he wants. Give him the defense cuts. Give him the tax hikes. Give it all to him. Let him own it.


Posted by: bigpale at November 08, 2012 12:48 PM (TDbSH)

90
Boehner needs to be kicked out.


Posted by: longtime moronette at November 08, 2012 12:48 PM (LpQbZ)

91 65 I think the headline might be missing an "Unexpectedly". Posted by: AnonymousDrivel at November 08, 2012 04:46 PM (eHIJJ) ______________ Well finally...something--unexpected!

Posted by: tasker at November 08, 2012 12:48 PM (r2PLg)

92 Mad Max will be our leader


Ahemm!

Warrior of the wasteland.

Posted by: Lord Humgoius at November 08, 2012 12:48 PM (LTquJ)

93 Who wants to come out here on this limb with me As you wish, m'lady. As you wish.

Posted by: jakeman at November 08, 2012 12:48 PM (96M6e)

94 "I've been busily feeding hashes into the Trollbuster, but just realized it's currently not working. Usually it trollbusts immediately."



So ORCA and the Trollbuster were written by the same person?

Posted by: Tami at November 08, 2012 12:49 PM (X6akg)

95 So. Who wants to come out here on this limb with me that this is being done purposefully so that there will be calls to nationalize retirement accounts? Because it's just wrong and a sin that people's life savings could be wiped out by those fat cats on Wall Street. Better the government step in and pay out a guaranteed amount. It'll be done in the name of "economic justice."

Posted by: Scobface, Staying Positive at November 08, 2012 12:49 PM (IoNBC)

96 When the market goes down, it's investors sending a message to Ben to crank up the presses. Nothing more.

Posted by: hannitys_hybrid at November 08, 2012 12:49 PM (zpqa2)

97 Fucking Dow Jones. How does it work?

Posted by: Armando at November 08, 2012 12:49 PM (5iuEW)

98 Stock market losses?

Never heard of them.

Posted by: Charlie Gibson at November 08, 2012 12:49 PM (kFnmp)

99 Unfortunately, I couldn't short Mrs. Jakeman's company, which is one of them. Because *I'd* get my ass tossed in jail for insider trading.

Posted by: jakeman at November 08, 2012 04:43 PM (96M6e)


SOOOOOO....is there any particular company that Mrs. Jakeman works for? Just a ticker symbol will do....

Posted by: joncelli at November 08, 2012 12:49 PM (RD7QR)

100 For example, the situation in NY and NJ...some areas now ten days without electricity.
Posted by: Mike at November 08, 2012 04:41 PM

I read from Staten Island business owners that FEMA is not going to aid them, they instead were told to go to their local banks for loans

Staten Island also went for Obama on Tuesday. It's coming to the point where I'll only care about the displaced pets there, since doggehs and kittehs are nonpartisan

Posted by: kbdabear at November 08, 2012 12:49 PM (wwsoB)

101 ORCA!!!!

oh sorry, must have been that cumin Ace told me to put in my coffee.

Posted by: Guy Mohawk at November 08, 2012 12:49 PM (PHb2k)

102 To the victor goes the spoils.

Even when spoiling the spoils is precisely what the victor has in mind in the first place.

...

Posted by: SD Tom at November 08, 2012 12:49 PM (BkZ6Z)

103 If i had ... money in the stock market i would take it out before they jacked up taxes in January.

I haven't been contributing to my 401(k) since April. Even with the company matching, it just seems like a bad investment right now.

Posted by: Meiczyslaw at November 08, 2012 12:50 PM (4+LTj)

104
If I hear Jeb Bush one more time...

Posted by: longtime moronette at November 08, 2012 12:50 PM (LpQbZ)

105 If only the DJIA was black, it would do Obama's bidding.

Posted by: Hussein in the Membrane at November 08, 2012 12:50 PM (EX+sq)

106 36
I'm telling you guys.....

Boehner needs to give the Preezy almost everything he wants.

Posted by: fixerupper at November 08, 2012 04:43 PM (yzX2R)

 

Yes. In exchange for a hard debt ceiling that will be announced when the deal is done. Make it explicit and frame it as any tax increase should go towards what we spend. No mas. The GOP cannot be seen as the ones holding the knife.

We'll hit it soon and point to Obama agreeing to it at the time. Make them make choices to who in thier coalition gets paid off. The problem with the dems is they are all paid mercenaries looking for freebies. What happens to a bunch of mercs when the money runs out?

Posted by: JollyRoger at November 08, 2012 12:50 PM (t06LC)

107 My other monocle just popped into my other martini.

Posted by: eleven at November 08, 2012 12:50 PM (fsLdt)

108 Well, if these selfish businesses aren't going to hire anyone, we're just going to have to do something about that.

Posted by: Big Daddy Government at November 08, 2012 12:50 PM (JycCV)

109

Yeah, quite a mystery how the markets would take a dump right after an anti-busness socialist is reelected.

Embrace The SUCK

Posted by: maddogg at November 08, 2012 12:50 PM (OlN4e)

110 If you believe in charting, this was all set to go last week. (My AAPL short is good by over 80 pts) He's got what he needs, unchecked power. Is there any need for the Fed to backstop stocks anymore? Who knows.

Posted by: t-bird at November 08, 2012 12:50 PM (FcR7P)

111 Well, it's official.  Husband just called and said our kid won't be re-upping.  Getting out next fall.  Many of his buddies, as well.

What we need now is the return of the draft.  Let the hipsters and young wimmins be forced to serve. 

Posted by: Jane D'oh at November 08, 2012 12:51 PM (UOM48)

112 It is quite a mystery, the markets should have been up today on the news that Cornyn is no longer running the NRSC.

Posted by: SpongeBob Saget at November 08, 2012 12:51 PM (SDkq3)

113 I had been considering asking my wife to buy me an iPad for Christmas--obviously an expensive purchase, since I don't need it for work.

Now I don't know. And I am even considering canceling cable.

If the future is another recession, or 4 more years of no growth, I need to think about saving more money.

Posted by: edj at November 08, 2012 12:51 PM (+QKfp)

114 Normally I abide trolls as part of of the price of blogging, but post this execution, ups I mean election ( I think) I have not the patience of them. Ban away!

Posted by: Nevergiveup at November 08, 2012 12:51 PM (79ueO)

115 Rubio going to Iowa in two weeks. We need to start prepping for 2016 immediately. Those who put off 2012 until the debates started gave us Romney

Posted by: Flapjackmaka at November 08, 2012 12:51 PM (iEujK)

116 SOOOOOO....is there any particular company that Mrs. Jakeman works for? Just a ticker symbol will do....

Posted by: joncelli at November 08, 2012 04:49 PM (RD7QR)


---


heh.... beat me to it.


(and if you tell enough people.... its no longer insider trading.... ;-)

Posted by: fixerupper at November 08, 2012 12:51 PM (yzX2R)

117 How long before the bottom feeders realize that living life off the government tit really blows? Why do those hard working idiots still go to work everyday?  They have money and stuff and seem happy and I do not. I cannot figure it out, President Obama says I have the good life?

Posted by: Wall_E at November 08, 2012 12:51 PM (48wze)

118 "Stocks Suffer Heavy Losses Second Straight Day After Election"

Global warming. Has to be.


Posted by: torquewrench at November 08, 2012 12:51 PM (ymG7s)

119 I've been investing for the past two years and recently only on the Toronto Stock Exchange (I'm Canadian, no currency exchanges) and it's dropping too. What's more, I've never seen it so volatile. Usually there are a lot of people with limit orders. So before the price can move, all those limit orders have to be bought or sold. Right now, the bid or ask sizes are tiny. The prices are very volatile. Sometimes there are large limit orders, but they don't stay long. Prices are unpredictable. Looks at the price of a barrel of oil today. It's insane. It jumped to around 89 dollars and dropped all the way down to 84 and back up to 87 within the span of an hour.

Posted by: MrX at November 08, 2012 12:51 PM (PxmNZ)

120 Tomorrow it will go up 2 points and the MFM will shout from the rooftops about how der Fuhrer's policies are working!

Posted by: J.J. Sefton at November 08, 2012 12:51 PM (vCK/R)

121 Nate Silver sell off?

Posted by: TD at November 08, 2012 12:52 PM (DQMcq)

122 I sold my paper a long time ago. I'm may be optimistic but I'm no dummy.

Posted by: james at November 08, 2012 12:52 PM (aFFFO)

123 Gas in my area has gone up twenty cents since tues. So at least something is going up /

Posted by: Wi Lurker at November 08, 2012 12:52 PM (9pqWr)

124

OMG! This is bad! Are ... are ... the vaginas safe?

Posted by: Warden at November 08, 2012 12:52 PM (HzhBE)

125 Actually, I blame the Joos. Especially the ones that stabbed Obama in the back by voting for Mitt.

Posted by: J.J. Sefton at November 08, 2012 12:52 PM (vCK/R)

126 Fear will keep the local markets in line. Fear of this printing press.

Posted by: Grand Moff Bernanke at November 08, 2012 12:52 PM (evdj2)

127 Market is rigged. I'm more concerned when it rises sharply. Ever wonder how it stays propped up at all (I don't).

If it stays going down, watch for Fed to start rumbling about a QE.

Posted by: hannitys_hybrid at November 08, 2012 12:52 PM (zpqa2)

128 If you pull your money, put a little into denominational coins. (Yeah I know, Ron Paul and so forth - but). If the shit hits the fan (why Tubal, that will never happen!, ...blah, blah) then you would have something worth trading with. For vodka and jerky and shit.
Not silver bars. Most people are too fucking stupid to understand those.

Posted by: tubal at November 08, 2012 12:52 PM (BoE3Z)

129 Gas has stayed the same here in Boston area.

Posted by: soothsayer at November 08, 2012 12:52 PM (jUytm)

130 Meanwhile, propagandists at Slate seem to have a *cough* race-baiting *cough* "problem" with the fact that the racial distribution of Romney voters fairly closely matches that of ... the U.S. population.

http://slate.me/Twqvbr


Posted by: goy at November 08, 2012 12:52 PM (QsFws)

131 I'm ready to tell leftist family and friends on FB when they ask my reaction;

"I've finally seen the light! Free shit! Working is for suckers! I've decided to quit my job/close my business because it's too stressful and it's more fun to sit home and live off the government tit. Still working? Thanks for paying for my free shit!"

Posted by: kbdabear at November 08, 2012 12:53 PM (wwsoB)

132 What we need now is the return of the draft. Let the hipsters and young wimmins be forced to serve.

Won't the psych exam weed the hipsters out?

Posted by: HeatherRadish™, predenounced for your convenience at November 08, 2012 12:53 PM (/kI1Q)

133 Well, it's official. Husband just called and said our kid won't be re-upping. Getting out next fall. Many of his buddies, as well.

What we need now is the return of the draft. Let the hipsters and young wimmins be forced to serve.

Posted by: Jane D'oh at November 08, 2012 04:51 PM (UOM4

==========



good


and


yes

Posted by: longtime moronette at November 08, 2012 12:53 PM (LpQbZ)

134 124 Gas in my area has gone up twenty cents since tues. So at least something is going up / Posted by: Wi Lurker at November 08, 2012 04:52 PM (9pqWr) Gas rationing in NYC. Thank you Doomberg!

Posted by: J.J. Sefton at November 08, 2012 12:53 PM (vCK/R)

135 Well, it's official. Husband just called and said our kid won't be re-upping. Getting out next fall. Many of his buddies, as well. What we need now is the return of the draft. Let the hipsters and young wimmins be forced to serve. Posted by: Jane D'oh at November 08, 2012 04:51 PM (UOM4 Yes there is a foul cloud hovering over the Military. If the economy were healthier I fear a wholesale departure would be at hand. As for me, they will have to kick me out, and they may, they very well may.

Posted by: Nevergiveup at November 08, 2012 12:53 PM (79ueO)

136

@82

Likely never.  Too many of them seem to already believe that the current US economic issues are the "new normal", and things will never return to the way that they were.

Posted by: junior at November 08, 2012 12:53 PM (UWFpX)

137 In light of the election, the GOP should adopt one position: no more borrowing. Obama won because Americans love government spending. Well guess what. You want the spending? You get the taxes. Raise taxes to cover 100% of federal spending. Let the populace feel the pain of their decision directly.

Posted by: Hussein in the Membrane at November 08, 2012 12:53 PM (EX+sq)

138 Don't forget to blame the Zionist Marxist Mormon communists.

Posted by: Adam at November 08, 2012 12:53 PM (/YJYi)

139

58>>> Fiscal Cliff isn't even here yet.

 

Wallstreet is on about a 6mo guess of the future.

 

------------

 

Since Barky has been quietly doing all those EO's that give him total power over the internet, transportation, communications...basically everything...

With the trigger for each of those being -- "in the event of crisis"...

 

The only question now is, what crisis will trigger them?

 

Posted by: wheatie at November 08, 2012 12:54 PM (ICEh3)

140 Luckily I no longer have to worry about paying for all of my abortions. And birth control. Which I forget to take, because it's free, which is why I need all those abortions! Which I schedule using my free Obama phone. Whoopie!

Posted by: Single Woman who voted for Obama at November 08, 2012 12:54 PM (gjIQF)

141 Glad I moved my 401k to "safe" stuff.

Posted by: BignJames at November 08, 2012 12:54 PM (HtUkt)

142 How long before the bottom feeders realize that living life off the government tit really blows? ----- They already know it blows. But being socialists they simply want to make sure their neighbor is also suffering.

Posted by: Whatev at November 08, 2012 12:54 PM (2t6Gz)

143 But but the LIGHTBRINGER saved us from the binders!

Posted by: Stupid Swing Voter at November 08, 2012 12:54 PM (H84UO)

144 90 Boehner needs to be kicked out. Posted by: longtime moronette at November 08, 2012 04:48 PM (LpQbZ) ___ Nah, most Morons just use their hands

Posted by: Cricket at November 08, 2012 12:54 PM (DrC22)

145 The heck with the draft. Now is the time for SCOAMF to institute his internal security force. The one that was to have more funding than the DoD.

Posted by: J.J. Sefton at November 08, 2012 12:54 PM (vCK/R)

146 Despite these blips, the stock market can and will go up, because of Bernanke's printing and because you can't get any yield elsewhere. The problem is that the dollars invested are worth less. Eventually, that could be one word, worthless. To wit, the Dow, inflation adjusted, is worth the same as it was in 1963. Also, I'm no crazy goldbug, but it will go over $2000 next year. After that, who knows.

Posted by: jakeman at November 08, 2012 12:54 PM (96M6e)

147 116 Rubio going to Iowa in two weeks. We need to start prepping for 2016 immediately. Those who put off 2012 until the debates started gave us Romney

Posted by: Flapjackmaka at November 08, 2012 04:51 PM (iEujK)


=====


We need to focus on 2014 as well.

Posted by: longtime moronette at November 08, 2012 12:54 PM (LpQbZ)

148 If you pull your money, put a little into denominational coins.

It's one of the recommendations from the LDS Survival Manual.

Also, break your fresh new bills into smaller, worn ones for your mattress so it doesn't look like you're rolling in dough when you need to raid it.

Posted by: Meiczyslaw at November 08, 2012 12:54 PM (4+LTj)

149

Sturm-Ruger and Smith and Wesson stock price both up around 12% the last two days. Says it all, dunnit?

Posted by: Gromulin at November 08, 2012 12:54 PM (SNjPs)

150 Sequestration Now!

Posted by: Scobface, Staying Positive at November 08, 2012 12:54 PM (IoNBC)

151

@120

Its because oil has competing reasons for its price.

As a commodity, oil is influenced by demand which will be lower in a recession, but the markets are reacting to the inflationary fears of which oil is a hedge. The question is which is a bigger risk? I think the answer is both equaling stagflation.

Posted by: JollyRoger at November 08, 2012 12:55 PM (t06LC)

152 Gee, gold is holding up well since the election!

Posted by: MatthewJohn at November 08, 2012 12:55 PM (r4W5l)

153 Jane, it is tragic that our country not currently worthy of your son's service.

Posted by: alexthechick - SMOD. Coming not nearly soon enough. at November 08, 2012 12:55 PM (VtjlW)

154 This is going to go downhill fast and its probably not going to end well. The leeches are going to have to feel the pain of their decisions before this is going to get better.

Posted by: DanInMN at November 08, 2012 12:55 PM (XqeyF)

155 140 Don't forget to blame the Zionist Marxist Mormon communists. Posted by: Adam at November 08, 2012 04:53 PM (/YJYi) Magic underwear and tefilin. Coincidence? I think we've cracked the code.

Posted by: J.J. Sefton at November 08, 2012 12:55 PM (vCK/R)

156 Let it burn!

Posted by: Hello, it's me Donna really.really bummed at November 08, 2012 12:55 PM (9+ccr)

157 Has anyone checked brass on the spot market? I'm sure there are more than a few home reloaders stocking up.

Posted by: Rob McNeece at November 08, 2012 12:55 PM (hNXHo)

158 Yeah, yesterday is was a "sudden" concern about Europe. Sudden? Get the fuck out of here with that bullshit! They've been blackballing stories out of Greece for a month. It's almost full on zombie apocalypse mode over there and you haven't heard a damn thing about it until a second after they call the election for Barry. Riiigggghhhttt! Sure it's the European situation.

God, I hate these people.

Posted by: Dack Thrombosis at November 08, 2012 12:55 PM (BuSM8)

159 What we need now is the return of the draft. Let the hipsters and young wimmins be forced to serve. If enough people resign, they'll turn it into a blue-helmet army. Oh, and increase their budget.

Posted by: t-bird at November 08, 2012 12:55 PM (FcR7P)

160 Gold is up again.

Posted by: scofflawx at November 08, 2012 12:55 PM (N1Rjx)

161 My brother just texted me all these layoffs announced today: Nextel 20% of all jobs in VA RIM 200 in Texas TE Connectivity to close plant in Greensboro, NC. 620 Pratt & Whitney 100 Vestas Wind Systems 3,000 Harper Collins 200 Hawker Beechcraft 410 Lower Bucks PA Hospital 30 Corning 100 Bristol Myers Squibb 480

Posted by: rockmom at November 08, 2012 12:55 PM (qe2/V)

162 I have gone into preserve capital, saving mode and conservative investing.  I will not spend my money on items I do not need and would normally buy. I know this will lead to a endless down spin cycle, but hey the bottom feeders with no job and no money asked for it. They don't understand just because taxes go up, doesn't mean I pay more taxes.

Posted by: Wall_E at November 08, 2012 12:55 PM (48wze)

163 My fav. I've got Sirius in my car, and on the way to work yesterday I was listening to Patriot radio and every hour of course is a news break, in this case from AP Radio News. And the usual Obama wins (Yeah) got announced then right after...right after...DOW is down by 250 points on fears of a European recession.

Really? Really? The day after the election suddenly Wall Street is all OMGZ! Europe is all screwed up!!!! When the day before they logged a 100 point gain?

Really?

Posted by: MikeTheMoose at November 08, 2012 12:56 PM (0q2P7)

164 What we need now is the return of the draft. Let the hipsters and young wimmins be forced to serve.

Posted by: Jane D'oh at November 08, 2012 04:51 PM (UOM4




BOOOOOOOOOOSSSSSHHHHHH!!!!!!!!!!!!!!

Posted by: © Sponge at November 08, 2012 12:56 PM (UK9cE)

165 smart move Obama will probably invade Syria very soon.

Posted by: soothsayer at November 08, 2012 12:56 PM (jUytm)

166 The sign of the cliff won't be the Dow. It will be the bond markets. The Dow is bought and paid for.

Posted by: hannitys_hybrid at November 08, 2012 12:56 PM (zpqa2)

167 Hey, everybody!

Any messages for me?

Posted by: Fiscal Cliff at November 08, 2012 12:56 PM (H84UO)

168 I'm not an investment advisor, but consider investing in War on Women Bonds before its too late!

Posted by: USA at November 08, 2012 12:56 PM (RIg+t)

169 151 Sturm-Ruger and Smith and Wesson stock price both up around 12% the last two days. Says it all, dunnit? Posted by: Gromulin at November 08, 2012 04:54 PM (SNjPs) I called that yesterday. But it didn't take a Larry Kudlow to figure that one out.

Posted by: J.J. Sefton at November 08, 2012 12:56 PM (vCK/R)

170 Oh and one of my closest friends outside the box is living in NJ and she is still without power. She was fortunate enough to be able to flee to stay with someone who does but they won't even give her an estimate on when the power will be back.

Posted by: alexthechick - SMOD. Coming not nearly soon enough. at November 08, 2012 12:56 PM (VtjlW)

171 For the ordinary trolls that Ace doesn't ban, search for the commenter 'backhoe' who wrote a script to ignore them.

He dropped a link to the Firefox script in a comment a few weeks ago. You'll need Firefox and the add-on called GreaseMonkey.

The script allows you to hide comments by a particular commenter.

Posted by: burned cut-loop [/i] [/b] at November 08, 2012 12:57 PM (SX6wc)

172 Boeing is laying off 1000.

Posted by: tubal at November 08, 2012 12:57 PM (BoE3Z)

173 Obama will probably invade Syria very soon.

Yeesh. Look out for that "stop loss" order, and Inactive Reserve status.

Posted by: Meiczyslaw at November 08, 2012 12:57 PM (4+LTj)

174 Obama will probably invade Syria very soon. Posted by: soothsayer at November 08, 2012 04:56 PM (jUytm) No, but he might give his peep in Turkey the OK and logistical support to do it.

Posted by: Nevergiveup at November 08, 2012 12:57 PM (79ueO)

175 @82 they didn't realize it this time go round, why should the next be different?

Posted by: khelek at November 08, 2012 12:57 PM (j1CLz)

176 My brother just texted me all these layoffs announced today: Amazing. Unemployment will be 10% by February.

Posted by: soothsayer at November 08, 2012 12:57 PM (jUytm)

177 Boehner is a pu$$

Posted by: teebone at November 08, 2012 12:57 PM (YtLSL)

178 If we lose it, then what should expect to happen when the Democrats have full control?

bitches...you aren't getting to the New Year.

Posted by: Myan Calendar at November 08, 2012 12:57 PM (LTquJ)

179 155 Jane, it is tragic that our country not currently worthy of your son's service.

Posted by: alexthechick - SMOD. Coming not nearly soon enough. at November 08, 2012 04:55 PM (VtjlW




Yeah.  He truly loves the Corps (Corpse™) but having his absentee ballot get "lost" and then have his vote not counted was the final straw.  He hopes to join the Reserves.



Military not fans of General for Life Pissypants.

Posted by: Jane D'oh at November 08, 2012 12:57 PM (UOM48)

180 Dow History week after Nov 9, 2004: http://tinyurl.com/botkfll

Posted by: BuddyPC at November 08, 2012 12:57 PM (jfUIE)

181 Mike Pence?

Posted by: bigpale at November 08, 2012 12:58 PM (TDbSH)

182 Has anyone seen "Adam Smith's invisible Pimp Hand" Lately?
This seems like something he'd comment on
As he'd say "SLAP BITCHES!"

Posted by: tsrblke (work) at November 08, 2012 12:58 PM (DrI+i)

183 As a christian I am concerned about all this negativity coming from our side. We need to make the best of this situation and show Americans that our party is still willing to work for the common good, even if it means reaching out to President Obama. The language of violence and "burning" doesnt help anybody.

Posted by: Concerned Christian at November 08, 2012 12:58 PM (8EBWh)

184 169 Hey, everybody! Any messages for me? Posted by: Fiscal Cliff at November 08, 2012 04:56 PM (H84UO)169 Hey, everybody! ___ Hi, Cliff! Mrs Preference Cascade says "hello."

Posted by: Cricket at November 08, 2012 12:58 PM (DrC22)

185 173 Oh and one of my closest friends outside the box is living in NJ and she is still without power. She was fortunate enough to be able to flee to stay with someone who does but they won't even give her an estimate on when the power will be back. Posted by: alexthechick - SMOD. Coming not nearly soon enough. at November 08, 2012 04:56 PM (VtjlW) But non-union crews coming to help would be an "infamnia."

Posted by: J.J. Sefton at November 08, 2012 12:58 PM (vCK/R)

186
Feets be votin!

Posted by: Joe Mama at November 08, 2012 12:58 PM (JJ+PT)

187 Does your back ache? Do you have puny arms? Do you still need to carry large quantities of paper? Then we have the product for you! On Sale! this month... 10% Off* our Jumbo, Steel-reinforced, Pneumatic Tire, 35-Gallon Wheelmaster!



*Cash Sales not Accepted. Will accept gold, silver, or discuss Commodity Trade.

Posted by: Wheelbarrows-R-Us at November 08, 2012 12:58 PM (eHIJJ)

188   Were they low level jobs?  Let's see VA voted for Obama and PA voted for Obama......       163 My brother just texted me all these layoffs announced today:


Nextel 20% of all jobs in VA
RIM 200 in Texas
TE Connectivity to close plant in Greensboro, NC. 620
Pratt & Whitney 100
Vestas Wind Systems 3,000
Harper Collins 200
Hawker Beechcraft 410
Lower Bucks PA Hospital 30
Corning 100
Bristol Myers Squibb 480  

Posted by: Wall_E at November 08, 2012 12:58 PM (48wze)

189 I got nothing.  Allen somebody is rumored to have a blog.

Other than that, nothing.

Posted by: Billy Bob, pseudo intellectual at November 08, 2012 12:59 PM (wR+pz)

190

So. Who wants to come out here on this limb with me that this is being done purposefully so that there will be calls to nationalize retirement accounts? Because it's just wrong and a sin that people's life savings could be wiped out by those fat cats on Wall Street. Better the government step in and pay out a guaranteed amount.

 

^^^This

 

I told my insurance guy, who was trying to sell me his retirement bs this was going to happen.  It was deer in the headlights from him.

Posted by: Infidel at November 08, 2012 12:59 PM (Vk6ZI)

191

Stock market! I command you to stop going down! Businesses! I order you to hire workers! Oceans! You will now recede and allow the power to be restored to the eastern coast!

Posted by: President Saystuff at November 08, 2012 12:59 PM (HzhBE)

192

Posted by: Myan Calendar at November 08, 2012 04:57 PM (LTquJ)

 

Fucking Bring It.

 

I'm ambivalent at this point.

Posted by: JollyRoger at November 08, 2012 12:59 PM (t06LC)

193 The Nobama News agency Pravada does report negative numbers ...it makes the czars unhappy as they play golf

Posted by: Very grumpy momma bear at November 08, 2012 12:59 PM (IyACK)

194 As a christian I am concerned about all this negativity coming from our side. We need to make the best of this situation and showAmericansthat our party is stillwilling to work for the common good, even if it means reaching out to President Obama. The language of violence and "burning" doesnt help anybody. Posted by: Concerned Christian at November 08, 2012 04:58 PM (8EBWh) Sure the minute he reaches out to us like he did in his first term?

Posted by: Nevergiveup at November 08, 2012 12:59 PM (79ueO)

195 169 Hey, everybody! Any messages for me? Posted by: Fiscal Cliff at November 08, 2012 04:56 PM (H84UO)169 Hey, everybody! We're coming!

Posted by: Democrat leftist lemmings expecting free health care at November 08, 2012 12:59 PM (vCK/R)

196 It is all the fault of Bush.

Posted by: wallstreet says no at November 08, 2012 12:59 PM (Kflw4)

197 The Dems in NY and NJ no longer enjoy my best wishes.

Posted by: Bart at November 08, 2012 12:59 PM (he2LC)

198 No matter how bad it gets, will Obama and his policies ever get blamed?

Posted by: Wall_E at November 08, 2012 01:00 PM (48wze)

199 Off vole sock!

Posted by: J.J. Sefton at November 08, 2012 01:00 PM (vCK/R)

200 I was told by my libtard brother that the word in Prog circles is this is just bitter conservatives having a hissy fit and things will be OK next week.

Posted by: Joe Mama at November 08, 2012 01:00 PM (JJ+PT)

201 By the time the feds seize our 401ks there won't be any value left.  How's that for sweet revenge, bitchez?

Posted by: Cicero (@cicero) at November 08, 2012 01:00 PM (QKKT0)

202 186 As a christian I am concerned about all this negativity coming from our side. We need to make the best of this situation and showAmericansthat our party is stillwilling to work for the common good, even if it means reaching out to President Obama. The language of violence and "burning" doesnt help anybody.

Posted by: Concerned Christian at November 08, 2012 04:58 PM (8EBWh)

That train has left the station. See you in the Coliseum.

Posted by: tubal at November 08, 2012 01:00 PM (BoE3Z)

203

Nextel 20% of all jobs in VA
RIM 200 in Texas
TE Connectivity to close plant in Greensboro, NC. 620
Pratt & Whitney 100
Vestas Wind Systems 3,000
Harper Collins 200
Hawker Beechcraft 410
Lower Bucks PA Hospital 30
Corning 100
Bristol Myers Squibb 480

 

Boeing is laying off 1000.

 

I hope that all these people voted for TFG but I know they didn't.

 

Thus it begins.

Posted by: eleven at November 08, 2012 01:00 PM (fsLdt)

204 Mike Pence? Posted by: bigpale at November 08, 2012 04:58 PM (TDbSH) No.

Posted by: Nate at November 08, 2012 01:00 PM (i3OIF)

205 192 I got nothing. Allen somebody is rumored to have a blog.

Other than that, nothing.

Posted by: Billy Bob, pseudo intellectual at November 08, 2012 04:59 PM (wR+pz)


The hell you say?

Posted by: Dack Thrombosis at November 08, 2012 01:00 PM (BuSM8)

206 Ask and you shall receive BAM!!!

But seriously what the hell is up with Greece, they vote austerity cause they will run out of money by the end of the month.

Posted by: Adam Smith's Invisible Pimp Hand at November 08, 2012 01:00 PM (NzBQO)

207

So. Who wants to come out here on this limb with me that this is being done purposefully so that there will be calls to nationalize retirement accounts? Because it's just wrong and a sin that people's life savings could be wiped out by those fat cats on Wall Street. Better the government step in and pay out a guaranteed amount.
 
Posted by: alexthechick - SMOD. Coming not nearly soon enough. at November 08, 2012 04:47 PM (VtjlW)
 


Uh, it's not a conspiracy when those very people have publically floated the idea multiple times.  It's coming.  Long before they legalize weed too.

Posted by: Is what JQ Public is thinking... at November 08, 2012 01:00 PM (NBj0d)

208 *dons festive tinfoil hat, the one with the propeller*

Oh...if your selling that while wearing something low-cut...I'm listening.

Posted by: Paladin at November 08, 2012 01:00 PM (LTquJ)

209 Unemployment will be 10% by February.

Pshaw.  Look at all those people who gave up looking for work and went on disability. 

Posted by: HeatherRadish™, predenounced for your convenience at November 08, 2012 01:00 PM (/kI1Q)

210 Boeing is laying off 1000. My brother works for Boeing. Right now, his plant isn't at risk but still. I asked Mommy last night why I'm still working. The best she could come up with was that it'll give me something to do. That's about it. It'll give me something to do, hopefully keep my brain somewhat engaged, give me a reason to get up and get dressed in the morning and pay me enough to pay my bills with maybe a little to spare. I am not going to bother looking for a better job, even if there were any to be had. I am not paying one red cent more in taxes than I must.

Posted by: alexthechick - SMOD. Coming not nearly soon enough. at November 08, 2012 01:01 PM (VtjlW)

211 Posted by: rockmom at November 08, 2012 04:55 PM

Ayn Rand's Producer Strike - she's a comin.

Posted by: Guy Mohawk at November 08, 2012 01:01 PM (PHb2k)

212 Stormfront? Where????

Posted by: Walkers! at November 08, 2012 01:01 PM (C4dFv)

213 *plastics!*

Posted by: Teven Schu at November 08, 2012 01:02 PM (rzTDZ)

214 Vestas Wind Systems 3,000

That's just until SCOAMF cuts them more checks.

Posted by: HeatherRadish™, predenounced for your convenience at November 08, 2012 01:02 PM (/kI1Q)

215 Here's the 2016 dream team: Jeb Bush-Chris Christie! Hallelujah, mi hermanos!

Posted by: J.J. Sefton at November 08, 2012 01:02 PM (vCK/R)

216 let it burn.

Posted by: Iblis at November 08, 2012 01:02 PM (9221z)

217 The SMOD can't come soon enough!

Posted by: Quilly Mammoth at November 08, 2012 01:02 PM (7Fyd0)

218 How much of the very small improvement in the economy leading up to the election was due to hope that Romney would win?

I mean, other than the part that was due to government lies?

Now Romney did not win and there is little hope--but still lots of lies, thank God!

Posted by: edj at November 08, 2012 01:02 PM (+QKfp)

219 Remember, unemployment rate goes down the longer people go without a job. It's complicated. We could be looking at 6% by then!

Posted by: hannitys_hybrid at November 08, 2012 01:03 PM (zpqa2)

220 218 Here's the 2016 dream team:

Jeb Bush-Chris Christie!

Hallelujah, mi hermanos!



I lol'd.

Posted by: Jane D'oh at November 08, 2012 01:03 PM (UOM48)

221 If i had a shit ton of money in the stock market i would take it out before they jacked up taxes in January.

The Clinton's made a tax retroactive to the previous year...what's to stop Barry?

Posted by: Paladin at November 08, 2012 01:03 PM (LTquJ)

222

51The big question for me, where do you put the money after you pull it out of the market?

 

Beanie Weenie and Bullets.

Posted by: wth at November 08, 2012 01:03 PM (wAQA5)

223 And in other words, deficits and taxes and inflation go up?  The deuce you say.

Posted by: Emperor of Icecream at November 08, 2012 01:03 PM (ZMzpb)

224 Uh, it's not a conspiracy when those very people have publically floated the idea multiple times. It's coming. I should note that the conspiracy part is that They are manipulating the markets to bring it about. That there are those who want to seize the accounts is well known.

Posted by: alexthechick - SMOD. Coming not nearly soon enough. at November 08, 2012 01:04 PM (VtjlW)

225 223 Posted by: Jane D'oh at November 08, 2012 05:03 PM (UOM4 I was going to say Zombie Arlen Specter-Jon Huntsman but that was too obvious, no?

Posted by: J.J. Sefton at November 08, 2012 01:04 PM (vCK/R)

226 Gee.... couldn't be because without a 'Grand Deal', and even WITH the Grand Deal... Capital Gain taxes will be much higher next year?  So you need to cash out before Dec 30?

Posted by: Romeo13 at November 08, 2012 01:04 PM (lZBBB)

227 What's Stormfront again?

Posted by: Burn the Witch at November 08, 2012 01:04 PM (uD2fR)

228 So how soon is Barry going to go along with the UN on gun-banning? 

Posted by: Jane D'oh at November 08, 2012 01:04 PM (UOM48)

229 The SMOD can't come soon enough! Posted by: Quilly Mammoth at November 08, 2012 05:02 PM (7Fyd0) Yes it's elections like this that prepare you for death with equinimity and acceptance

Posted by: Nevergiveup at November 08, 2012 01:04 PM (79ueO)

230 "As a christian I am concerned about all this negativity coming from our side. We need to make the best of this situation and showAmericansthat our party is stillwilling to work for the common good, even if it means reaching out to President Obama. The language of violence and "burning" doesnt help anybody." Hi Welcome Our party has always been for the common good. The public is no longer interested in the common good. I hope I drew that picture clear enough for you. Now step aside and let the adults play ball.

Posted by: W.H. Doubter at November 08, 2012 01:04 PM (Td9D+)

231 I am not going to bother looking for a better job, even if there were any to be had. I am not paying one red cent more in taxes than I must.

Posted by: alexthechick - SMOD. Coming not nearly soon enough. at November 08, 2012 05:01 PM (VtjlW)

Hang tough, Alex. I have detached from this fiasco, emotionally, already. In most ways, the black humor value has struck me. If you can, enjoy the farce that will unfold, and wait for a rebirth. Like a phoenix.

Posted by: tubal at November 08, 2012 01:04 PM (BoE3Z)

232 Hallelujah, mi hermanos!
I lol'd.
Posted by: Jane D'oh

The GOP management isn't.

I guarantee trial balloons for that exact ticket will be released next year.

Posted by: burned cut-loop [/i] [/b] at November 08, 2012 01:04 PM (SX6wc)

233 Dow down 434 points in two days.

Posted by: Ed Anger at November 08, 2012 01:05 PM (tOkJB)

234 Correction:

Unemployment will be 10% by Dec. 1.


Posted by: Bart at November 08, 2012 01:05 PM (he2LC)

235
There are some folks selling off their real estate to pre-empt the ACA 3.8% transfer tax, too.


Good times.

Posted by: longtime moronette at November 08, 2012 01:05 PM (LpQbZ)

236 stormfront = nazis

Posted by: Walkers! at November 08, 2012 01:05 PM (C4dFv)

237 California's newest income tax hike is retroactive to Jan. 1, 2012. Just another gem from our dem voters who keep on giving (as long as it's my money they're giving, and they're giving it to their SEIU pension funds).

Posted by: LASue at November 08, 2012 01:05 PM (gjIQF)

238 there's a funny thing about fake low unemployment, though: it translates into very real low tax receipts. no withholdings = no $$ for Obama and Reid = bigger deficit.

Posted by: soothsayer at November 08, 2012 01:06 PM (jUytm)

239 Beanie Weenie and Bullets.>>

Don't forget the canned bacon.

Posted by: Buzzsaw at November 08, 2012 01:06 PM (tf9Ne)

240 I have a number of friends and acquaintances of some means and believe me, most of their money has left the stock markets and banks about 2 years ago. One of them sold a condo in Florida just a day before the election. ECONOMIC. SCORCHED. EARTH. POLICY.

Posted by: J.J. Sefton at November 08, 2012 01:06 PM (vCK/R)

241 Bob Beckel - Chris Christie 2016

The dumb, fat and bloated party.

Posted by: Jane D'oh at November 08, 2012 01:06 PM (UOM48)

242 You laughed when I told you I was studying DYI bio-diesel, but now the ADVANTAGE is mine! Mad Max my ass.

Posted by: The Poster Formerly Known as Mr. Barky at November 08, 2012 01:06 PM (qwK3S)

243

Posted by: tubal at November 08, 2012 05:00 PM (BoE3Z)

 

Lions and Tigers and Bears??? WTF????

Posted by: Dorothy in the Colesium at November 08, 2012 01:06 PM (lZBBB)

244 I'm thinking that the Dow dive might be influenced by some of this (from the Corner at NRO):

I have a very good friend who is a hard lefty. While discussing politics with him once, I tried to establish some common ground. I asked if we could agree that any taxation that demonstrably reduced revenue was too high. He thought for a minute and then answered that, no, removing money from the hands of the rich was a good in itself, regardless of the revenue raised. He believes that making the wealthy less wealthy is a sufficient reason for taxation.

Posted by: WalrusRex at November 08, 2012 01:06 PM (Hx5uv)

245 Sure the minute he reaches out to us like he did in his first term?

 

Posted by: Nevergiveup at November 08, 2012 04:59 PM (79ueO)

 

Yes, Mr Obama seems to have some problems reaching out, but like many young black men he never had a real father. I think an oldfashioned gentleman like Mr Boehner can be helpful in that respect and with a little effort lead the President to a reasonable compromise with Republicans.

Posted by: Concerned Christian at November 08, 2012 01:06 PM (8EBWh)

246 242 Beanie Weenie and Bullets.>>

Don't forget the canned bacon.

Posted by: Buzzsaw at November 08, 2012 05:06 PM (tf9Ne)

Spam and Magnums for me.

Posted by: tubal at November 08, 2012 01:07 PM (BoE3Z)

247 The SMOD can't come soon enough! Posted by: Quilly Mammoth at November 08, 2012 05:02 PM (7Fyd0) Yes it's elections like this that prepare you for death with equinimity and acceptance Posted by: Nevergiveup at November 08, 2012 05:04 PM (79ueO) I was never kidding about being Team Meteor. Get it over with. My father has been reading stuff about the entire financial system collapsing on January 1st. I'll admit to more or less eyerolling at him. I'm starting to think I should listen up.

Posted by: alexthechick - SMOD. Coming not nearly soon enough. at November 08, 2012 01:07 PM (VtjlW)

248 237 Correction: Unemployment will be 10% by Dec. 1. Posted by: Bart at November 08, 2012 05:05 PM (he2LC) And that's the U-3 number. U-6 will be approaching Weimar-like territory.

Posted by: J.J. Sefton at November 08, 2012 01:07 PM (vCK/R)

249 9 There's confidence--- that everyone needs to abandon ship. Well I'm not rearranging the deck chairs!

Posted by: rickb223 (I am John Galt) at November 08, 2012 01:07 PM (GFM2b)

250 Correction:

Unemployment will be 10% by Dec. 1.


Posted by: Bart at November 08, 2012 05:05 PM (he2LC)

===============================



And, that will be the manipulated, new model figure.

Posted by: longtime moronette at November 08, 2012 01:07 PM (LpQbZ)

251 Volvo truck plant in Pulaski Ohio to lay off 300 in January

Posted by: rockmom at November 08, 2012 01:07 PM (qe2/V)

252 Feeling blue? Give a Socialist a hug ... it worked for me!

Posted by: Chris Christie at November 08, 2012 01:07 PM (+QKfp)

253 So how soon is Barry going to go along with the UN on gun-banning?

Posted by: Jane D'oh at November 08, 2012 05:04 PM (UOM4


Shirley, you just!

http://tinyurl.com/bcsd8mf

Hours after U.S. President Barack Obama was re-elected, the United States backed a U.N. committee's call on Wednesday to renew debate over a draft international treaty to regulate the $70 billion global conventional arms trade.


Posted by: LC LaWedgie at November 08, 2012 01:07 PM (rzTDZ)

254 I can't wait to hear more baffled analysts trying to figure out why federal revenues continue to decline even after they hike taxes up on those eeeevil rich people, and then on the middle class.

Posted by: Burn the Witch at November 08, 2012 01:08 PM (uD2fR)

255 Given the day to day decline in the stock market that President Obama has now inherited, don't you wonder why George Bush never put his country killing mind ray on some of our enemies?

Posted by: The Poster Formerly Known as Mr. Barky at November 08, 2012 01:08 PM (qwK3S)

256 246 Bob Beckel - Chris Christie 2016 The dumb, fat and bloated party. Posted by: Jane D'oh at November 08, 2012 05:06 PM (UOM4 Ha!

Posted by: J.J. Sefton at November 08, 2012 01:08 PM (vCK/R)

257 I am going to be writing (and also calling) all republican house members to urge them to allow the sequestration and the expiration of tax cuts. Firstly, because that will allow people to experience what they voted for immediately and will put more people back on the tax rolls so that they have skin in the game. Secondly, because Boehner is a milquetoast that will get nothing substantial in negotiating.

Also, no increase in debt ceiling without major actual budget cuts. I am fine with the government shutting down but you can bet Obama's voters will be screaming if their checks are late.

Anyone care to join me?

Posted by: Amy at November 08, 2012 01:08 PM (OrI3J)

258

231 So how soon is Barry going to go along with the UN on gun-banning?

 

I think he's been for it all along, Jane.

 

And I'm glad that your son isn't re-upping.

I also agree about the draft.

We gave 18 yr olds the vote, because of the draft...then abolished the draft.

Hasn't worked out too well, has it.

 

Posted by: wheatie at November 08, 2012 01:08 PM (ICEh3)

259 240 California's newest income tax hike is retroactive to Jan. 1, 2012. Just another gem from our dem voters who keep on giving (as long as it's my money they're giving, and they're giving it to their SEIU pension funds). Posted by: LASue Wow. That slipped by me. These people are insane.

Posted by: Walkers! at November 08, 2012 01:08 PM (C4dFv)

260 Hey Concerned Christian,  How is that HHS mandate requiring you to pay for abortions and other goodies for your workers working for you?  Oh?  You are not an employer?  Oh, you don't really subscribe to those old Xtian precepts that come to us from ancient Rome in the Didache?


Posted by: Bart at November 08, 2012 01:09 PM (he2LC)

261 Ameridose Pharmaceuticals to Lay Off Hundreds

Posted by: rockmom at November 08, 2012 01:09 PM (qe2/V)

262

WAIT.JUST.A.MINUTE.

 

They have canned bacon?

Posted by: Infidel at November 08, 2012 01:09 PM (Vk6ZI)

263 >>Bob Beckel - Chris Christie 2016 >>The dumb, fat and bloated party. Secretary of State Michael Moore

Posted by: jakeman at November 08, 2012 01:09 PM (96M6e)

264 From the now-dead previous post: to "damn sockpuppet," I just wanna say no apology is necessary. I've been around long enough to know throwing cold water on some people's Grand Delusions does nothing, but it may make others think a bit.

I advocate the old Reagan "trust but verify." Also, I tend to believe that a political party that bases its operations on lies and deceit is unlikely to suddenly be squeaky-clean in one major area.

One thing I enjoy at the HQ (though it is unfortunately rare) is that reasoned discussions can start among commenters. The name-calling, trolls and doctrinaire types, I ignore.

Oh, yeah. Boobehs are good, too.

Posted by: MrScribbler, banned at TepidAir at November 08, 2012 01:09 PM (yKUrR)

265 I know I sound like a demented survivalist but if a significant number of us refused to pay income taxes... Okay, stop laughing. But seriously....

Posted by: J.J. Sefton at November 08, 2012 01:09 PM (vCK/R)

266 Yes, Mr Obama seems to have some problems reaching out, but like many young black men he never had a real father. I think an oldfashionedgentleman likeMr Boehner can be helpful in that respect and with a little effort lead the President to a reasonable compromise with Republicans. Posted by: Concerned Christian at November 08, 2012 05:06 PM (8EBWh) Jesus, so to speak, your either a troll or an idiot. Either way, post this election, I have no patience for you and regret answering you in the first place.

Posted by: Nevergiveup at November 08, 2012 01:09 PM (79ueO)

267 Sandra Fluke to lay off. Or on. Or under.

Posted by: J.J. Sefton at November 08, 2012 01:10 PM (vCK/R)

268 WAIT.JUST.A.MINUTE. They have canned bacon? Tactical bacon, baby! One thing I enjoy at the HQ (though it is unfortunately rare) is that reasoned discussions can start among commenters. Longbows 4eva!

Posted by: alexthechick - SMOD. Coming not nearly soon enough. at November 08, 2012 01:10 PM (VtjlW)

269

Posted by: LASue at November 08, 2012 05:05 PM (gjIQF)

 

Yeah.... that pesky constituion and Ex Post Facto Laws.... just ignore it...

Posted by: Romeo13 at November 08, 2012 01:10 PM (lZBBB)

270 The schools suck big time not because of lack of money but because they are run poorly. Enrollment has dropped yet they want more money.

Posted by: Walkers! at November 08, 2012 01:10 PM (C4dFv)

271 "They don't understand just because taxes go up, doesn't mean I pay more taxes."

I posted the other day about a friend who had a 20ish door to door salesman come by. Friend pointed out that the voters just raised his taxes without bothering to raise his income, and that he wasn't going to be buying anything any time soon, because the money was going to the taxman instead.

This apparently came as an unwelcome revelation.

Posted by: torquewrench at November 08, 2012 01:10 PM (ymG7s)

272
The pederast already said he would raise the debt ceiling.

Why even call it a ceiling anymore?   Why not just call it a black hole?

Posted by: longtime moronette at November 08, 2012 01:10 PM (LpQbZ)

273 As a christian I am concerned about all this negativity coming from our side. We need to make the best of this situation and showAmericansthat our party is stillwilling to work for the common good, even if it means reaching out to President Obama. The language of violence and "burning" doesnt help anybody.

Posted by: Concerned Christian at November 08, 2012 04:58 PM (8EBWh)

 

My faith does not demand that I extend my hand to a godless socialist intent upon destroying my country, sorry. Your concern is duly noted.

Posted by: troyriser at November 08, 2012 01:10 PM (vtiE6)

274 J.J.,

You pay income taxes?


Posted by: Bart at November 08, 2012 01:11 PM (he2LC)

275 It's because everyone involved with Wall Street is racist. Reparations Now!

Posted by: Xavier at November 08, 2012 01:11 PM (tqAdU)

276 The nation voted for decline. Reap the whirlwind. 

Posted by: puddleglum at November 08, 2012 01:11 PM (cRcVM)

277 And yea, piss off MADD.........I don't care.

 

 

Posted by: Mallamutt, RINO President for Life at November 08, 2012 05:09 PM (OWjjx)

 

 

Well.... I am a Charter Member of DAMM.... Drunks Against Mad Mothers...

Posted by: Romeo13 at November 08, 2012 01:11 PM (lZBBB)

278 270 We could probably convince the 18 plus to go along with the draft if we also include lowering the drinking age. And yea, piss off MADD.........I don't care. Posted by: Mallamutt, RINO President for Life at November 08, 2012 05:09 PM (OWjjx) Putting them on the road is dangerous. Legalize all narcotics. Let them all OD and then we can start over with kids who have not been brainwashed. Clean out the gene pool.

Posted by: J.J. Sefton at November 08, 2012 01:11 PM (vCK/R)

279 CC has to be a sock.

Posted by: Burn the Witch at November 08, 2012 01:11 PM (uD2fR)

280 Yeah.... that pesky constituion and Ex Post Facto Laws.... just ignore it...

I'm pretty sure that SCOTUS doesn't consider taxes to be ex post facto.

And no, I'm not joking because of the mandate/tax.

Posted by: Meiczyslaw at November 08, 2012 01:11 PM (4+LTj)

281 Talk to the The Invisible Hand. Bitchez

Posted by: Adam Smith at November 08, 2012 01:12 PM (IZf7e)

282 279 J.J., You pay income taxes? Posted by: Bart at November 08, 2012 05:11 PM (he2LC) Not if I can help it!

Posted by: J.J. Sefton at November 08, 2012 01:12 PM (vCK/R)

283

Reporting from Clownifornia to tell you how miserable and hopeless I feel. Looking around at the obamaville of Panorama City I see a bleak future.

Posted by: ktnxbai*coughing up lace wigs* at November 08, 2012 01:12 PM (he33V)

284 281 You guys realize Concerned Christian was a sock.....right

Posted by: Mallamutt, RINO President for Life at November 08, 2012 05:11 PM (OWjjx)

Oh... sure was fun to bat around for awhile.

Posted by: tubal at November 08, 2012 01:12 PM (BoE3Z)

285 I take that back.  We are probably looking at a repeat of 1936-1937, rather than 2008.  Since Obama presidency most closely resembles FDR, that is a better comparison.  And it is not pretty. 

Posted by: tofer732 at November 08, 2012 01:12 PM (2zM0P)

286 okay, so those industries are laying off employees and downsizing that also means they won't be investing in new equipment or expanding their facilities that means Every Other Industry will be affected and hurt that means more layoffs and on and on it goes... but the goddam GOP can't explain the economy to people...

Posted by: soothsayer at November 08, 2012 01:12 PM (jUytm)

287 231 So how soon is Barry going to go along with the UN on gun-banning?

Posted by: Jane D'oh at November 08, 2012 05:04 PM (UOM4

 

I don't think he can. After all, a treaty has the same effect as a law and as such if unconstit--- oh yeah. That presupposes the rule of law is followed. Fuck.Why even go through the trouble of a treaty?

Posted by: JollyRoger at November 08, 2012 01:13 PM (t06LC)

288

The language of violence and "burning" doesnt help anybody.
 
Posted by: Concerned Christian at November 08, 2012 04:58 PM (8EBWh)


Don't worry honey, the Lord's mercy in regard to our flaws and faults is much more forgiving than yours.  Thanks for checking in though.

Posted by: Is what JQ Public is thinking... at November 08, 2012 01:13 PM (NBj0d)

289

AlextheChick,

if you find a better job, take it.  Otherwise some lefty idiot will get it, and pay little taxes because tax fraud, that's why, and it will be your fault and the IRS will come after you for being racist.

Posted by: Emperor of Icecream at November 08, 2012 01:13 PM (ZMzpb)

290 51 The big question for me, where do you put the money after you pull it out of the market? Fireproof gun safe. Same rate of return, easier access, safer.

Posted by: rickb223 (I am John Galt) at November 08, 2012 01:13 PM (kj2rY)

291 CC is a sock? 

Oh well.  I came the thread late and was scanning trying to avoid the ubiquitus SCOAMF stuff and took it seriously.

Please morons, have a hearty laugh at me.

It's OK.  Really.


Posted by: Bart at November 08, 2012 01:13 PM (he2LC)

292 Reporting from Clownifornia to tell you how miserable and hopeless I feel.

The wife and I have decided to go full prepper. That should keep us OK in place until Texas secedes, and we need to bug out.

Posted by: Meiczyslaw at November 08, 2012 01:13 PM (4+LTj)

293 291 I take that back. We are probably looking at a repeat of 1936-1937, rather than 2008. Since Obama presidency most closely resembles FDR, that is a better comparison. And it is not pretty. Posted by: tofer732 at November 08, 2012 05:12 PM (2zM0P) Can't wait for '41 when we get attacked again and the Libs apologize and surrender.

Posted by: J.J. Sefton at November 08, 2012 01:13 PM (vCK/R)

294 My brother just texted me all these layoffs announced today: Nextel 20% of all jobs in VA RIM 200 in Texas TE Connectivity to close plant in Greensboro, NC. 620 Pratt & Whitney 100 Vestas Wind Systems 3,000 Harper Collins 200 Hawker Beechcraft 410 Lower Bucks PA Hospital 30 Corning 100 Bristol Myers Squibb 480 Posted by: rockmom at November 08, 2012 04:55 PM (qe2/V) I hear J&J and Neutrogena will be laying off in large numbers soon. Warn notices may already have gone out. (Based in NJ and LA, Ca. - both true blue.)

Posted by: LASue at November 08, 2012 01:13 PM (gjIQF)

295 There are some folks selling off their real estate to pre-empt the ACA 3.8% transfer tax, too.


Good times.

Posted by: longtime moronette at November 08, 2012 05:05 PM (LpQbZ)


When does that kick in?

Posted by: Tami at November 08, 2012 01:13 PM (X6akg)

296 I know I sound like a demented survivalist but if a significant number of us refused to pay income taxes... Okay, stop laughing. But seriously.... There are only a limited number of Cabinet openings.

Posted by: t-bird at November 08, 2012 01:14 PM (FcR7P)

297 I would take SMOD over Let it Burn anyday.

Posted by: willow at November 08, 2012 01:14 PM (hX8cq)

298 So, where are the Nazis? Did they think we were fucking Poland? We've got longbows, biaytches!

Posted by: Walkers! at November 08, 2012 01:14 PM (C4dFv)

299 Simple fix to a nosediving stock market - "POAT" Print out another trillion.

Posted by: Whatev at November 08, 2012 01:14 PM (2t6Gz)

300 soothsayer, we're just getting to that Magical Pelosi Moment when everyone can pursue their dreams of being an artist or a poet without having to worry about teh health insurancez.

Posted by: jakeman at November 08, 2012 01:14 PM (96M6e)

301 >>>I was never kidding about being Team Meteor. Get it over with.
>>>  Posted by: alexthechick - SMOD. Coming not nearly soon enough.

Looks like it might make it before Christmas at this point, which is really "soon enough" for me; They are looking for a reason to bail right now. And are already hedging in that direction. If the Dow blinks much more, we get a lousy jobs report, worse than expected consumer confidence, industrial output drops, durable goods orders drop, etc etc. The show is over.

I predict it starts it's epic tank by mid December

Hmmmm mid December 2012, I seem to remember something abou....bahhh never mind probably wasn't important anyway.

Posted by: MikeTheMoose at November 08, 2012 01:15 PM (0q2P7)

302 Business baked in a R win thinking there was no fucking way TFG could get reelected.  They were wrong.  Lotta people gonna get laid off and small business owners who can afford to retire are going to close up shop and give up.  They won't go through another 4 years when they can clip coupons and suck down mojitos.

Posted by: @PurpAv at November 08, 2012 01:15 PM (al6zW)

303 Stocks are not expected to do well during WW III

Posted by: Steven W. at November 08, 2012 01:15 PM (R9C6I)

304 wish i could go prepper but after the last 4 years we have used  any free assets to just stay alive

Posted by: willow at November 08, 2012 01:16 PM (hX8cq)

305 Quilly Mammoth: "The SMOD can't come soon enough!"

Dream on. I've adjusted my vector. I wouldn't touch Obama's USA with Chris Matthews' d*ck. You think I want that stink on me?

Posted by: SMOD at November 08, 2012 01:16 PM (eHIJJ)

306 Reliable Rule of Thumb: Any commenter whose nic has "Concerned" in it is a sock.

Posted by: Cicero (@cicero) at November 08, 2012 01:17 PM (QKKT0)

307 He thought for a minute and then answered that, no, removing money
from the hands of the rich was a good in itself, regardless of the
revenue raised. He believes that making the wealthy less wealthy is a
sufficient reason for taxation.

Posted by: WalrusRex at November 08, 2012 05:06 PM (Hx5uv)


Yeah he better make it a moral argument, because the economic one is pure shit.

Posted by: Adam Smith's Invisible Pimp Hand at November 08, 2012 01:17 PM (NzBQO)

308 @ #274 -- Need I say I am also a tireless advocate for Maximum Happy Fun Alex? And, naturally, Stompy Boots?

Paraphrasing what the immortal Fat Freddy said, "AtC will get you through times of no money better than money will get you through times of no AtC."

Posted by: MrScribbler, banned at TepidAir at November 08, 2012 01:17 PM (yKUrR)

309 Over the last several years I found a winning investment strategy.

Buy when the Dow is 8,000.

Sell when the Dow hits 12,000

Repeat as necessary.


Posted by: Bart at November 08, 2012 01:17 PM (he2LC)

310 There are some folks selling off their real estate to pre-empt the ACA 3.8% transfer tax, too. Ah, this reminds me of another thing that's supposed to lapse on Dec. 31: the Mortgage Debt Relief Act of 2007. Anyone who forecloses or short sells from then on will be on the hook for the difference -- it won't be forgiven as it has been for the past 5 years. People are gonna be very happy when they get 1099'd on that!

Posted by: jakeman at November 08, 2012 01:18 PM (96M6e)

311 perhaps we should place bets on who wins first.

SMOD
EMP
NUKE
BROWNSHIRT
STARVATION
LET it BURN

Posted by: willow at November 08, 2012 01:18 PM (hX8cq)

312 "wish i could go prepper but after the last 4 years we have used any free assets to just stay alive"

Don't go prepper.

Go moocher.

Sign up for as much free shit as you can.

Absolutely no shame in it.

If they weren't gaming the system, it would be dishonorable to do it. They are gaming the system ruthlessly. Go join them. Help collapse the whole rotten edifice faster.

Posted by: torquewrench at November 08, 2012 01:19 PM (ymG7s)

313 I am personally going to do a lot of returns that year just to see the leeches and mooches of society have their precious little refunds hacked by the fine (oh, sorry Justice Roberts) tax.

That's kind of hot.

Posted by: HeatherRadish™, predenounced for your convenience at November 08, 2012 01:19 PM (/kI1Q)

314 Yes, I've been sitting here watching it the past two days. Sometimes, all the little blinky lights are red at the same time...kinda like Christmas except for the lack of green to go with it.

I'm waiting for the first up day - there'll be some, there are always a few mini-rallies here and there, like the next time Bernanke announces a new round of money printing - to unload at least 15-20% of the portfolio, and then will let the cash sit till it looks like this Obama "bounce" is done with, which I expect to happen around about 2025 or so...maybe

Posted by: davidinvirginia at November 08, 2012 01:20 PM (qEkGZ)

315 No, you fools. Raise the debt ceiling. Eventually, either China demands it's chinks back, or the market realizes that the debt increase is nothing more than printing money. Either way, it will cause inflation. And not just any inflation - hyper inflation. And then it's Zimbabwe.

Posted by: Juji Pill at November 08, 2012 01:20 PM (4DvER)

316 Posted by: Concerned Christian at November 08, 2012 04:58 PM (8EBWh)

Fair warning. Ace said last night he is going to start to ban even fake trolls.

Posted by: MikeTheMoose at November 08, 2012 01:20 PM (0q2P7)

317 He believes that making the wealthy less wealthy is a sufficient reason for taxation.


And he's an idiot, because we don't tax "wealth."  We tax income. 

I will never be wealthy, because they keep taking my income.

Posted by: HeatherRadish™, predenounced for your convenience at November 08, 2012 01:21 PM (/kI1Q)

318 Ah, this reminds me of another thing that's supposed to lapse on Dec. 31: the Mortgage Debt Relief Act of 2007. Anyone who forecloses or short sells from then on will be on the hook for the difference -- it won't be forgiven as it has been for the past 5 years.


Correction: They'll be on the hook for TAXES on the forgiven part of the debt.  Under most state law, the lender cannot come after the borrower to recover a deficiency after foreclosure if the foreclosed property was the borrower's primary residence.

Posted by: Cicero (@cicero) at November 08, 2012 01:21 PM (QKKT0)

319 it won't be forgiven as it has been for the past 5 years.

That's gonna be a  lot of Obama voters in my area hit.  The IRS is already shaking down unemployed people who owe a few hundreds bucks, they'll be coming after this batch with a vengeance.

Posted by: @PurpAv at November 08, 2012 01:22 PM (al6zW)

320 Posted by: torquewrench at November 08, 2012 05:19 PM (ymG7s)

perhaps soon the decision would be made for me.

hope not!

Posted by: willow at November 08, 2012 01:22 PM (hX8cq)

321 I'm looking into a new career. In smuggling.

Posted by: Scobface, Staying Positive at November 08, 2012 01:22 PM (IoNBC)

322 Exactly, wooga.

"Stock" and "market" -- dog whistles, people.

Posted by: PJ at November 08, 2012 01:23 PM (ZWaLo)

323 Wait, what's the difference between a sock puppet and a "fake troll."

I kind of enjoyed reading the "Concerned Christian" sock puppet comments.

Posted by: Kensington at November 08, 2012 01:23 PM (H84UO)

324 Fair warning. Ace said last night he is going to start to ban even fake trolls.


There's nothing objectionable about fake concern trolls IF THEY'RE FUNNY.  We've had some pretty good ones around here in the past.  If they're not funny, they're no different from real concern trolls.

Posted by: Cicero (@cicero) at November 08, 2012 01:24 PM (QKKT0)

325 Fair warning. Ace said last night he is going to start to ban even fake trolls.

Posted by: MikeTheMoose at November 08, 2012 05:20 PM (0q2P7)

 

Alright, alright I stop it. I thought it might release tensions to beat up something Brooksian or Frumesque.

Posted by: Elize Nayden at November 08, 2012 01:24 PM (8EBWh)

326 You laughed when I told you I was studying DYI bio-diesel, but now the ADVANTAGE is mine! Mad Max my ass. Steam is the future, my man.

Posted by: toby928© for TB at November 08, 2012 01:24 PM (evdj2)

327 I'm looking into a new career. In smuggling.

It staked the Kennedy's...  always a lot fo smuggling in totalitarian regimes.

Posted by: @PurpAv at November 08, 2012 01:25 PM (al6zW)

328 Wondering why the economy might be not so fresh is like wondering why somehow the Roman civilizational advancements faded away after the Franks took over. I mean, the Franks only took over the top stratas of society. The Roman Gauls still were there. But with barabarians in control.

Posted by: A. at November 08, 2012 01:25 PM (pIQIE)

329 whoa. JohnE just got a brit hume RT.

Posted by: bacoNate at November 08, 2012 01:26 PM (jgJxl)

330 Groupon just announced more layoffs - looks like bad news ahead across all sectors.

Posted by: Steven W. at November 08, 2012 01:26 PM (R9C6I)

331 They'll be on the hook for TAXES Thank you for clarifying, Cicero. The point still stands, that people are going to get hit with a bill.

Posted by: jakeman at November 08, 2012 01:26 PM (96M6e)

332 The roof the roof the roof is on fire The roof the roof the roof is on fire The roof the roof the roof is on fire We don't need no water let the motherfucker burn Burn motherfucker burn

Posted by: toby928© for TB at November 08, 2012 01:27 PM (evdj2)

333 Thank you for clarifying, Cicero. The point still stands, that people are going to get hit with a bill.


Yep.  And if they voted for Obama, fuck 'em.

Posted by: Cicero (@cicero) at November 08, 2012 01:27 PM (QKKT0)

334 I am personally going to do a lot of returns that year just to see the leeches and mooches of society have their precious little refunds hacked by the fine (oh, sorry Justice Roberts) tax. Posted by: Mallamutt, RINO President for Life at November 08, 2012 05:06 PM (OWjjx) ````` I would agree with you, however, I have a hard time believing that any core Democratic constituency will actually be penalized. You know, social justice, etc. etc.

Posted by: D. R. Ainbough at November 08, 2012 01:28 PM (BgIBZ)

335 Question: If we reinstitute the draft, which I'm all for by the way, who's going to take care of all these bastard children left behind by the single wimmin airheads?

Not that I care, mind you, I just don't want to pay for them at all anymore.

Posted by: Dack Thrombosis at November 08, 2012 01:29 PM (BuSM8)

336 Fuck these fuckers......

Posted by: fu52 at November 08, 2012 01:29 PM (NYXC6)

337 >>>They'll be on the hook for TAXES on the forgiven part of the debt.

That makes absolutely no sense. That's taxing a loss.

You buy a house for 100k make payments on it for say two years. whittle it down to 97K sell it for 90k at which point the bank eats 7k in capital losses.

And they want to tax you on that 7k? on a loss?

How on earth do they justify a tax on that.

Posted by: MikeTheMoose at November 08, 2012 01:29 PM (0q2P7)

338 336 Groupon just announced more layoffs - looks like bad news ahead across all sectors.

Posted by: Steven W. at November 08, 2012 05:26 PM (R9C6I)


HAHAHAHA WHOOOO AHHHHH HEEHEE!

Posted by: Joe Biden at November 08, 2012 01:30 PM (BuSM8)

339 The now certainty of ObamaCare, the fiscal cliff and TFG's re-election have set the stage for something real big and bad for our economy. The problem is like in 2008, there was plenty of notice but it seemed to blow up every quickly. Everyone knew something was up but all the people who could do something about it were paralyzed about how to best tackle it. Regardless of the fiscal cliff being resolved, capital gains taxes - going up about 40%, payroll tax - up about 30%, and it cost your family more to have you die as the estate tax threshold goes from $5M down to a paltry $1M. These will all attack mainly, the upper middle class, the job creators...A plausible scenario - The DOW is @ 12800 today but what if the Bears take money out of the market slowly over the next 2 months and is at 10000 at years end? Panic sets in about the time the fiscal cliff is approached and the Dow really crashes, a big bank fails...This time there is no bottom or available Fed solution because they've used all those arrows in the quiver...

Posted by: Tony253 at November 08, 2012 01:31 PM (PryWG)

340 Good thing many of us love to play zombie survival games 'cause we're gonna actually need it.

Posted by: katya the designated driver at November 08, 2012 01:33 PM (DoZD+)

341 Well, I'm sure as hell not making any major purchases or spending much money for a while now and am working with my financial advisor on how to hide, I mean reallocate my savings before the 47% decide I'm too rich and they need that money too.  My emergency fund needs to change from 6 months to years now in case I lose my job.  Say buh-bye to SS and Medicare folks, ain't gonna be around either.   I'm gonna be saving all I can now and my funding of any businesses is getting down to necessities.  Save save save.  That's my new mantra.  After I buy a gun first.



Posted by: lilliew at November 08, 2012 01:34 PM (xK3nx)

342 >>How on earth do they justify a tax on that. Because a forgiven debt is exactly the same as income in the eyes of Big Brother.

Posted by: jakeman at November 08, 2012 01:35 PM (96M6e)

343

The beatings will continue until morale improves.

Posted by: Adam Smith's Plimp Slap of the Market at November 08, 2012 01:36 PM (IZf7e)

344 Has anyone checked over at The Stormfront when they are announcing their layoffs?

It's tough being a member of the Illinois Nazi Party in this economy...


Posted by: Adolf Hitler's Last Parody Video at November 08, 2012 01:37 PM (CUoon)

345 That makes absolutely no sense. That's taxing a loss.

No. 

You borrowed $100k. (To buy your house, or whatever.  Doesn't matter.)  Although the money went into your pocket, you weren't taxed when the loan funded because it was a loan.  It carried an equal obligation to pay it back so the impact on your net worth was zero.  No taxable effect.

Later, you've paid it down to $80k.  The lender, being an all around great guy, tells you that you don't have to pay the rest back.  He forgives the loan.  NOW you're $80,000 richer.  The IRS hears of this and they're on your porch the next morning.

The fact that YOU chose to spend the loan funds on an asset that lost value IS IRRELEVANT.  That's your problem for making bad decisions and shit.  As far as the IRS is concerned, you could have snorted the loan money up as cocaine.  Regardless of what you spent it on, the IRS only cares that, in effect, someone spotted you a free $80,000.

Posted by: Cicero's Glass Eye at November 08, 2012 01:37 PM (QKKT0)

346 Better to carry the debt as unpaid unless your current income has shrunk enough.

Posted by: Jcw46 at November 08, 2012 01:43 PM (SP4jC)

347 I would guess that by Dec 31 there will be a lot of layoffs and notices and we will not have a Happy New Year.

Posted by: Jcw46 at November 08, 2012 01:44 PM (SP4jC)

348 I've managed to tease out one tiny bit of good news concerning the outcome on Tuesday; we know he'll have to leave in 2016. (even I don't believe he can manage to get an extension or steal one.)

If I'm still alive, I'll worry about who's running then.

Posted by: Jcw46 at November 08, 2012 01:46 PM (SP4jC)

349
Because a forgiven debt is exactly the same as income in the eyes of Big Brother.

Its all clear to me now -- Obama intended this all along.  This IS why the banks have been kinda dragging their feet on clearing foreclosures.   Bomber Ben's liquidity pumps were a quid pro quo for holding off.

This IS precisely how Obama plans to zonk the middle and lower class with a  whopping tax increase that has "deniability".  Its really quite a brilliant scheme.

Posted by: @PurpAv at November 08, 2012 01:48 PM (al6zW)

350 The thing with the stocks is to be expected. Everyone's selling out in anticipation of big tax increases and capital gains tax increases in 2013. Whether it's from the cliff or by design of Obama. Taxes are going up and those that have stocks will get out now.

Thank you economically oblivious Democrat voters.

Posted by: Jcw46 at November 08, 2012 01:48 PM (SP4jC)

351 I look back on my life and I now see that all the trouble, lost jobs, travel to find work, living on the edges etc. has all been training for living through the next whatever amount of years.

If I'd made it big or even modestly successful, I wouldn't have learned the spending discipline and the self reliant abilities I have now.

I currently own my dwelling (a modest trailer. cheap) and my living expenses are less than $500 a month. That includes the payments on a car and the insurance. I live right on the edge of government ordained poverty. Lucky me.

Posted by: Jcw46 at November 08, 2012 01:53 PM (SP4jC)

352 239 stormfront = nazis



"Nazis. I hate these guys."--Prof. Henry Jones, Jr., Ph.D.

Posted by: Leo Ladenson at November 08, 2012 01:53 PM (mAm+G)

353 Hey 52 Zac just wait til your big tittied girlfriend finds out you're going to ban her birth controls HAHAHAHAH

Posted by: Deliriumtremens at November 08, 2012 01:56 PM (rc8dj)

354 210
So. Who wants to come out here on this limb with me that this is being done purposefully so that there will be calls to nationalize retirement accounts? Because it's just wrong and a sin that people's life savings could be wiped out by those fat cats on Wall Street. Better the government step in and pay out a guaranteed amount.

Posted by: alexthechick - SMOD. Coming not nearly soon enough. at November 08, 2012 04:47 PM (VtjlW)


Uh, it's not a conspiracy when those very people have publically floated the idea multiple times. It's coming. Long before they legalize weed too.     This sounds just like something that Liawatha would try to sponsor as her first bill in the Senate.  After all, she's all about consumer "protection".    

Posted by: djm1992 at November 08, 2012 01:56 PM (1o4B5)

355 Must be all these weird announcement of layoffs now... How odd...

Posted by: TFC3Tweets at November 08, 2012 01:56 PM (Umv2b)

356 For all the people who are saving saving saving, the quantitative easing will take care of that. Probably the barbaric relic is your best bet but who knows?It's not like the govt. hasn't confiscated that in the past. We're screwed.

Posted by: snowcrash at November 08, 2012 01:57 PM (I30qo)

357 Profit taking before the expected increase in capital gains taxes? the deuce you say!

Posted by: I R A Darth Aggie ® at November 08, 2012 02:05 PM (1hM1d)

358 Ruger and Smith & Wesson up. Go figure.

Posted by: yobobbyb at November 08, 2012 02:07 PM (VzkNh)

359 invest in Ammunition. One way or another.

Posted by: Jcw46 at November 08, 2012 02:53 PM (SP4jC)

360 What about these bottom feeder debt collectors? Someone defaults on a small credit card and it is sold to a debt collector for a pittance. They continue charging the interest until it is maybe 5 times the amount of the original debt. If they decide to write it off, then the IRS sees that as income? I don't see how you can collect blood from a turnip.

Posted by: Walkers! at November 08, 2012 02:58 PM (C4dFv)

361 The way most folks get screwed is by taking the reduced amount to settle the debt. Most debt collectors won't write it off. The credit card company might but they usually sell the account.

I've been offered some really really sweet down ward adjustments on my defaults but since I HAVE NO MONEY, I can't take advantage.

Plus a debt write off and subsequent 1099 with the taxes accruing can be avoided if you really are unable to pay. The IRS will expect lots of verification and hard copies proving it but if you don't have the dough, they'll see it for what it is.

If you stiffed the credit card companies purposefully and had the money to pay, then they'll consider it income. It's a fine line. Best to actually be unable to pay when you stop paying.

Posted by: Jcw46 at November 08, 2012 03:09 PM (SP4jC)

362 Maybe someone needs to study history a little more before dismissing the SF'ers out of hand. Some of them actually do know what they're talking about. Most do not pretend to be dyed-in-the-wool Republicans. Many of their issues straddle the left/right/libertarian line, rendering conventional paradigms somewhat obsolete. By '16, Don Black and company may be something to be reckoned with.

Posted by: nobama2012 at November 08, 2012 04:00 PM (i5xnd)

363 I wonder why that is?

Posted by: Free Shit Mafia at November 08, 2012 04:45 PM (NIZHJ)

364 And he's an idiot, because we don't tax "wealth."
----------
Not yet anyway. Obama has 4 years to rectify that.

Posted by: Steve at November 08, 2012 04:57 PM (vK6ug)

365 Funny thing. In my blog rounds over the years, I've noticed it's the leftists who are quick on the ban button and the reactionaries who bend over backwards to engage people in conversation rather than just shutting them down. Even when they know the visitors are talking nonsense. Even when it's nonsense they've heard a hundred times before. They would stop and take the time to explain WHY it was nonsense. The ban-buttoners though pretty clearly didn't have any argument to make, they just wanted contradiction to go away. If it wasn't for that I'd still be a leftist.

Posted by: Rollory at November 08, 2012 06:35 PM (iTTjg)

366 16 I'm glad they sentenced that Anti-Islam Video maker to a year in jail, but I still see his influence is roiling the markets. I think it should settle down soon
-
Not yet. More midnight knocks will be required. The Attorney General is working on it.

Posted by: The Lightworker at November 08, 2012 07:58 PM (B/XPo)

367 The daily price of the stock market is driven by extremely short term thinking, and what's good for the stock market isn't necessarily what's good for America.

Posted by: Jeff at November 08, 2012 09:59 PM (qRuw3)

Posted by: Fred at November 09, 2012 04:25 AM (55FNt)

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