Czuch: Nope, the downfall was already in process before he got elected and by the way things happened (fraud, etc) .. The financial market has not and will not recover for some time. It's pure economics, no-one has much confidence in the market at the mo... I wouldn't buy shares now, in case another big mess in the market comes to light (eg the $50 billion hedge fund fraud)

People over here have seen some shares tumble from £100 per share to £3 per share.

(V): It's pure economics, no-one has much confidence in the market at the mo.

Dont you think that a presidents economic policies have anything to do with the consumer confidence level?

I can agree that in general the markets act independent of any president, that the markets had gone too high and for too many wrong reasons, and it was due for a correction, and that correction had started before Bam got elected...

but, if a president starts implementing policies that are contrary to a healthy market, cant that have an effect as well? (speaking hypothetically of course)

Czuch: Not at the moment. Too soon. It is gonna take time to correct what has gone wrong, and if anyone thinks an instant upturn is going to happen because of a new Pres (it wouldn't have mattered if McCain got elected the same situation would still be happening) they are then thinking that the Pres is God and can perform miracles and wipe out all the debt, fraud, etc just with a wave of a wand... better find the Pres a large deposit of gold.

(V): "better find the Pres a large deposit of gold."

Apparently a large deposit of gold is one of the things missing from beneath the WTC. Another unsolved mystery.....

The Usurper: No Pres could make the markets recover just like that, they are two screwed at the mo and short on cash thanks to bad debts, no money to lend, reduced sales and alot of people worrying more about losing their homes, jobs, etc.

There is a lack of trust in the USA economy and those who were supposed to be .... wise in the matters of money. Until that is restored.... ....

(V): I agree with you, not disputing that at all. Of course no Pres can solve this deepening crisis, and certainly not right away. I was only taking an opportunity to point out another of those 9/11 mysteries. lol

(V): they are then thinking that the Pres is God and can perform miracles


Funny, when Bush was President, thats what was expected from him, to perform miracles, to the point where every disaster was blamed on him... but no such lofty expectations from the Bam.

Czuch: I didn't I just expected Bush (and those 'guiding' him) to be truthful as much as possible. Not make up stories of weapons bunkers that were so vague. You could tell from interviews with officials like Ms Rice that something was up.

No Pres can perform miracles. But they can at least show intelligence and wisdom and not be pushed and pulled by interested parties.

Czuch: Yes. It means that wall street isn't confident in his plan. That's a huge drop. He should have taken Regan's approach to the stock market fall of 87. Regan left it alone to do its own thing. It not only bounced back, but it flourished. Obama's plan should have at least softened the downward trend but it seems to have made it worse.

OTOH, it takes months for the stock market to correct itself. One analysis says there is tons of money just waiting for the stock market to show signs of a recovery and then it will soar to new heights. We'll see.