Stock market's worst start in history

[Brother_1969]

According to Reuters today .. http://www.reuters.com/article/hotStocksNews/idUSN0852466320080108

This follows TheStreet.com's report last Friday that the market has not started this bad since 1932 .. http://www.thestreet.com/s/fast-money-recap-worst-start-since-1932/newsanalysis/stockpickr/10397204.html

So one of the most traditional leading economic indicators is pointing to a condition worse than the Great Depression?

Thanks, George!!!

[TalkingDog]

1. Thank You Brother_1969 and welcome to DU!

We can be both surly and nice, sometimes at the same time. But we always appreciate folks who like to participate in the process.


My Favorite Master Artist: Karen Parker GhostWoman Studios

[Mistwell]

2. Doubtful it's that

While it's easy to blame it on George (and really, fun actually), it's kinda hard to make that claim on this particular event. From what I can tell, it's a reaction to the election itself, and the lack of stable front runners for either party. The market hates uncertainty.

[edhopper]

3. No.

It's the result of seven years of the worst economic policy since the Hoover administration. It is all coming to bite us in the ass as we head to the worst recession in decades. The primaries have very little to do with Wall Street right now. Look at the job numbers, the housing collapse, the falling dollar, the debt etc... for answers.

[nadinbrzezinski]

4. You are right, it is not just George... it is TWENTY FIVE YEARS of Trickle Down

Economics... last time this country tried this shit we ended up with the crash of 1929... and yes I include the Clinton Presidency in the pie, but all this started with Reagan... and I fear it will end the same way... can you say DEPRESSION? I knew you could

[Mich Otter]

5. Tinkle-On Economics???

Like a totem pole with the few rich at the top and the many poor at the bottom, supporting the wealthy while drowning in their piss?
If trickle down economics works, I want to know where my checks from Bill Gates have gone? Seems like he has gotten more money from me than I have from him.
It is so clear the money flows to the rich, rather than from them.

[RuleOfNah]

6. What happens after that?

I'm not so sure it will end the same way it did in the 1930's. Ill gotten gains may be tougher to retain this time around.

[nadinbrzezinski]

8. Well last time around it took a visionary

if we have one, things will end in a similar way... otherwise....

[fasttense]

9. The market loves uncertainty

Well, at least the corporations and multi millionaires do. Look at all the money they made off of the Iraq invasion, Katrina, the Tsunami, the collapse of the USSR, the Asian crisis, Pinochet's overthrow of Democracy in Chile, and China after Tiananmen Square.

Don't you understand the Shock Doctrine?

[crazymans economics]

10. The Market loves uncertainty

It certainly does, for uncertainty created motion, and motion creates wealth for the Fat Cats and decreases wealth for the masses.

[ozymandius]

12. It's also called Chaos Capitalism.

They get to make a buck off your tragedy.

[lib2DaBone]

7. Worst Recession 'in a while'

..its going to get ugly. The trickle-down never made it to working taxpayers. It only helped the uber Bushies.
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Rogers Says U.S. to Have Worst Recession `in a While' (Update4)

Jan. 7 (Bloomberg) -- The U.S. economy is heading for a recession that will be the worst ``in a while'' and investors should sell the dollar as global currencies weaken, investor Jim Rogers said.

``It's going to be one of the worst recessions we've had in a while because we had so many excesses going into it,'' Rogers, chairman of New York-based Rogers Holdings, said in a Bloomberg Television interview today from Singapore. ``It's going to be bad for all of us as currencies come under more and more stress and we have more inflation in the world.''

The U.S. and U.K. governments have been ``lying'' about inflation, Rogers said, adding that he's has been selling their respective currencies <snip> http://www.bloomberg.com/apps/news?pid=20601087&sid=ayq29JCsf65c&refer=home

[Warpy]

11. Welcome to DU and we'll be lucky if it's just a deep recession

because all the pieces are in place for an actual depression.

When everything is deregulated, the thieves rush in, money concentrates into the hands of the few and the many are forced into debt to survive. Such an economy is inherently unstable and will crash.

The only questions are when, how deeply it will crash, and how long it will take to recover after common sense regulations are reinstituted.

40 years from now, another generation will come along and be all too willing to swallow the same snake oil about deregulation and lowering taxes on the rich that the WWII generation and the young boomers did and the cycle will start all over again.