August 2, 2009

Obama market connection only valid when it's on the down swing? Bull Shit!

The right has a hobby, blame the 10 year in the making market meltdown on their favorite negro-in-chief, their words not mine, President Barack Obama. Right leaning market witch doctors have been at this even before Obama took office. Of course if you've been following the stock market you'll notice more than a few market tarot card readers saying the word bullish. What they mean by that is, we can look forward to is approximately a 17 month long up ward trend, and if you ask Larry Kudlow, it's because Obama's master plan to destroy the free market failed. Because the free market is just that bad ass. In other words the right only gives Obama credit when it makes him look bad.

This of course this is all bull shit.

The market did not go down because of Obama, it is not going up because of him either. The animated stock ticker is not a magic tell all of how well the economy is doing at that moment, or how good, or bad the president is doing at his job. It's just one of many complex indicators of how well the investors think the economy is going to preform, and with Christmas right around the corner it's kind of a no brainier. Money will be spent, retailers will post profits, and stock will go up. The market is going to take an up swing at least for a little while.Unless of course Rush Limbaugh cancels Christmas to help Obama fail, like he hopes for.

This is my real pet peeve however. Here we have a group of people who claim to be expert market professionals, whose main duty is to give good sound market advice, lying to our face about the market, to further their own political goals. If your an expert, and a professional, you should be expected to put your pettiness aside, and just give us the numbers. Failing that you should at least be able to defend your reasoning , and behavior to a comedian.

The Daily Show With Jon StewartMon - Thurs 11p / 10c
Jim Cramer Extended Interview Pt. 1
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apparently not...

I almost feel bad for Jim Cramer in that interview. But then I remember that he was really asking for it in the days, and weeks leading up to that beautiful jewish bitch slap that Jon Stewart delivers, and like a kid who throws a rock at a wasp nest, I can't help but laugh when he gets stung in his dumb ass. The more serious question here is why is it up to Jon Stewart, a comedian, to call this foul bull shit. Economics is a science, you can earn a PhD in the field, and if CCP can hire one to help them with their pretend economy, to help their player base with their pretend money, I demand the same from MSNBC, FOX, CNN, and CBS when it comes to the real economy, and real money. Is a clinical level of professionalism really so much to ask?

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