Wall St & stock hypers have been shorting stocks for years and the market has never taken a hit like this. Cramer is entertainment after eyeball ratings, but Santelli, and more important the Chicago Merc floor traders who were with him, are a whole different story. If they are making money shorting, they appear to be very upset about doing it. This gov believes profits are wrong, so why would anybody want to own stock Name me 1 policy that has been proposed or implimented that will help companies generate profit, and profits drive the market.
Full dis: I am long SDS (short etf) and still holding a little RAS and others
We all have change, change left over from the hard earned dollars that we invested in good companies. Exactly what many of those of us conservatives argued about have come true. Now as we further go down the socialist path we will see further deterioration of our economy and find that we are all equally poor. Worse than Venezula here we come.
8 years of the Bush, Cheney, cabal and their see no evil, hear no evil allowed unfettered, unregulated markets to destroy US economy. The dictatorship will take year to fix.
Dictatorships leave lasting painful legacies.
Dick tator ship, crap the democratic congress has had
a majority for the last 2 years, they weite the bills,
dole out the pork.... the o" great one just signs it
and tells the treasury print the money !!
He said he wasn't going to raise the taxes of the 95% of workers, but he did not say he wouldn't destroy your savings and investments.
If you have personal assets, it is harder to convince you the government should do everything for you.
Next up-- people saying you've done so poorly with your own investments, IRAs, 401(k)s etc should be rolled into a government retirement program to help you.
Of course, you would no longer have control of the assets, but hey, everyone needs to share their wealth, right?
Why isn't Davis here defending Obamanomics like he pumped Obama/RAS for a year leading up to the election? All those hours on this message board stroking his ego. Elitest dogma meets reality! Another blow hard has crawled back into the darkensss........ Good riddance!