Obama Wins! - So What's Next?

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It was at ~10,750 when he took office & ~8125 when he left office today at noon.
It dipped below 8,000 in 3rdQ '03 & 1stQ '04 & in 4thQ '08.

The smiley was because i thought it a rather funny coincidence that it dropped they day after the elections & the day of his oath-taking.

As far as i'm concerned the market can nosedive as i sold off everything by mid december. I would love to see it hit 5,000. that would be the time to get back in.

 

So are you saying that you believe it will bottom at 5000? Or that is just a random number that you may think suits your own investment strategy, rather than say, 7000?

 

I think it will get close to if not all the way to 5,000. I really fell it is going to get worse before it starts to make a turn-around.
I really feel that either GM or Chrysler is going to fold as they just don't seem to be able to get their s*** together.

 

I don't believe Barack will let that happen, since there are too many jobs at stake and everyone is clamoring for more manufacturing output from the US. AtM, everyone is hating on the "service industry," even though that's where the best jobs have been. I feel that 7000 will be the bottom, and it's only because the credit situation should improve within the next few months, according to some business types, that I feel that 2nd quarter 09 will be the bottom. But what do I know about this stuff?

 

Hey when even the "experts" throw up their hands & go "i dunno!", Your guess is as good as anyones

 

I just watched the Feinstein speech:



It didn't seem that bad to me. I thought her focus was more on the possibilties and changes that freedom and democracy can bring about, such as electing a black President. I didn't really see it as taking shots at Bush.

 

Maybe I just don't see the point of racism. I have always assumed that at some point there would be a black president, and someday there will be a female president, so I fail to see the big deal. In that regard, Obama is just going to be a trivia question.

The $150 mil spent today is gone, maybe a little much, but I want to see what he does with the next 4 years...

And from what I heard, the speeches were a dissapointment--no swearing at all!

 

I'm sorry, but I couldn't help but post this headline from MSN's main page:

Dirty, dirty Obama!

 

Sorry, Gnarff, but I hear Obama swore quite solemnly.

 

Well, that's actually pretty enlightened. I guess you won't object to the first openly gay president!

(P.S. - yes, that's probably a strawman, no matter how you take it. )

 

A trivia question? Because you "imagined" it, and so it's "no big deal." This election will be an entire chapter in the American history textbooks (and American historians are already commenting that it will be). At the moment, most of this country is on fire with the magnitude of this event. I'm sure people used to sit around and "imagine" that one day a man would walk on the moon. But it didn't mean anything until it actually happened. Your attempts at belittling this event are just plain rude. You actually have the gall to believe that because "it's no big deal" to you, that the event has no particular significance outside your own imagination?

Try to imagine that there were older black people, many of whom at some point in their lives could not even use the same bathroom as a white person, or eat in the same room with them because they were black, that witnessed what happened yesterday. Many of them commented that because of Obama, they believed that "anything was possible now." Can you "imagine" what it must mean them, to have their full dignity as human beings retored to them by the event of Obama becoming president? No, I don't think you can. You don't get it.

 

In all fairness, I don't think anyone who is not black (and even many who are) can truly imagine what it means to those "older black people."

One of the first unpleasant tasks I had as a new Naval Officer was to demote an experienced petty officer. He simply was not providing the leadership needed for the position. I replaced him with a newly promoted black petty officer of equal rank, but many years less experience. In my mind, I had simply replaced someone who was over his head with another who showed potential -- it had been the first time on that ship a white man had ever been fired and replaced by a black man. I didn't recognize it at the time, but I became instantly known as someone who promoted equal opportunity and minorities wanted to come work for me. I was told years later promoting this man and putting him in a position of great responsibility made him a role model for all minorities on the ship and he became a mentor for dozens of young men. This carried on to his subsequent commands. To be honest, I still don't understand how picking the right person for the job could have such wide spread affect -- just as I don't think I could ever truly understand what a black man in the White House means to black men and women.

 

That's true enough, but we do have a shared humanity, regardless of race. I'm sure most people realize that the event moves us beyond "mere poltics" and takes us further along the American dream of a more equal nation. Even many conservatives, some on this board, have suggested that Obama helps to settle the issue of racial fairness. I don't agree with that notion fully, but I believe that it moves us a giant step closer towards social justice, equality and the statements which Jefferson, Adams and Franklin wrote into the DoI.

Here is one historian's take on that notion and how it moves us beyond politics:

And thanks for the personal story, T2.

http://www.newsweek.com/id/180488

 

Chandos, I don't think that Gnarff was ripping on Obama -- indeed, I would say that his position is rather hopeful -- that one day having a black (or other minority) president is not a big deal because it is commonplace. I didn't read his post as trying to demean the event at all. I think Obama's presidency will be an excellent one, but I don't think it will be as spectacular as some are making it out to be -- simply because no living human can live up to all the hype generated around him. I just hope swing voters don't overcompensate when they find out that Obama has frailties and weaknesses just like every other human being on the planet.

To be fair, Obama himself has not personally fed into that silliness -- he strikes me as humble yet confident. I really hope that he is able to make some headway in dealing with the nation's problems.

 

Well, you read quite a bit more than I was able to from the statement:

I did not believe that he was "ripping" on Obama, but that he was trivializing the event, which in reality is very significant. Even if it does, one day, become "commonplace," the event, will assume greater importance, rather than becoming trival, because it will be pointed to as the moment when the dream of equality became more commonplace because Obama was the FIRST black president.

Perhaps then, LKD, you can describe the "trivia question" that Gnarff is referring to in his post.

And, as far as Gnarff "ripping" on Obama is concerned, I really don't think Obama, or the rest of us here, are too concerned about the Canadian vote.

 

Quite simple: Trivial Pursuit, 2124 edition:

"Who was the first American President to have African American Heritage?"

BOB: Was it Powell?

TRINA: Nope, but you're close.

BOB: Winfrey?

TRINA: Nope, she was after Powell.

BOB: I give up.

TRINA: It was Obama!

BOB: Maybe I shoulda payed attention in history class instead of looking down your blouse, Trina.

I'm not trying to trivialize the event, Chandos, believe me -- I really do hope that this signifies a change and is not just a "one hit wonder" -- in the political sense, that is.

 

Ok, even from your post, you commented that Obama, as the first black president, will be a subject of history, taught in school. That's very different from being JUST a trivia question. The word "just" implies its ONLY value. I'm sure it will be a trivia question, but it will also be a subject for American history as well. Maybe Gnarff didn't really mean what he said - in that regard.

 

Ahh, I didn't infuse as much meaning into that one word as you did. No biggie.

 

Many of us, understandably, are very proud of what happened in our country yesterday. It was a big day for us. Gnarff, typically, is full of anti-American rhetoric and he tends to stereotype us, without knowing much of what he's talking about. So yes, I was offended by his remarks.

But, more to your point, I think there are some changes already from how business in Washington is done:

It's a good thing.

http://www.msnbc.msn.com/id/28767687/

 

No, no chandos you are confusing gnarff with ragusa again!