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Hey as Bush states the economy is really humming along, Dow is down

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Jon8503 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-20-06 04:03 PM
Original message
Hey as Bush states the economy is really humming along, Dow is down
over 200 points due to worries about corporate earnings and energy. I really would like some insight into when America is going to stop believing the bs that is put out on everything.

I know this is just a day and the market can go up again but it finished down for the entire year and no good prospects futurewise.

Yet, the MSM, Bush & co put out how wonderful this economy is.

Would one of you economists please enlighten us to what they are talking about.
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Uben Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-20-06 04:05 PM
Response to Original message
1. Its not just down
...it wiped out the entire gain for 2005!
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Bonhomme Richard Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-20-06 04:05 PM
Response to Original message
2. Yeah, I'm very worried about corporate earnings.
NOT!
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MazeRat7 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-20-06 04:08 PM
Response to Reply #2
6. You should be...
less you care to pay higher prices for the essentials of living... like food, fuel, etc. When earnings go down, consumer prices go up.

MZr7
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nickinSTL Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-20-06 04:06 PM
Response to Original message
3. not an economist...
but I can tell you what they're talking about...

They're lying.

It's that simple. If the people stop listening to their BS and thinking about how bad the economy is...they're in trouble.

All those scandals and crimes will be paid more attention to if people aren't comfortable in their little worlds.
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stepnw1f Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-20-06 04:07 PM
Response to Original message
4. Greed Doesn't Care about Facts (nt)
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MazeRat7 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-20-06 04:07 PM
Response to Original message
5. Worst single day loss since Mar 2003.... (n/t)
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BobRossi Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-20-06 04:10 PM
Response to Original message
7. Down is Up in shrubworld! nt
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