Why does the market keep tanking?
I thought we were at the bottom at the end of the election. And yet the market keeps dropping. Will the DOW go below 7000? Did Obama make another press appearance again? It seemed like every time the president say something, the market tanks. Did they say anything different this time? Market lost faith on the government. http://www.reuters.com/article/topNews/idUSTRE50K4DA20090223
Asked By: amalone - 2/23/2009
Best Answer - Chosen by Asker
Because consumer confidence is very low... More
Answered By: qncyguy21 - 2/23/2009
Additional Answers (9)
He spoke at 4pm today and that's why we were down 250.
Answered By: candeepal - 2/23/2009
Perception and confidence.... Everything else is window dressing.
Answered By: ggraves1724 - 2/23/2009
Obama is promising to raise taxes for the rich and corporations. How are the rich and corporations supposed to respond? Obama has become a complete moron. He needs to scrap that Harvard degree. He has no clue what he's doing. Blame is the only game he has left.
Answered By: Liberal AssKicker - 2/23/2009
Because the fundamentals of the US economy are NOT sound.
Answered By: End Fed - 2/23/2009
Answered By: mooned22 - 2/23/2009
I'm beginning to think that Obama is kryptonite to the markets. If he stays away and doesn't open his mouth, the market catches its breath. As soon as he mutters anything regarding the economy, it's like Lex Luthor putting that kryptonite necklace around Superman's neck.
Answered By: Nooner - 2/23/2009
The market keeps tanking because it has become evident after one month that Obama will seriously persue his socialist ideas.
Answered By: Track P - 2/23/2009
Well it tanked today because the Obama administration is taking steps toward Nationalizing our banks, which is a HUGE step towards socialism.
Answered By: Maelstroms Wake - 2/23/2009
The truth being, no one in the biz has any confidence in socialism. socialism fails every time it's been tried. Unless you like driving 1964 Chevy's
Answered By: zip40215 - 2/23/2009
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
(89) Local Jobs Paying $18-$97 Per Hour- Available Today. Apply Now!
Over 471 Local Jobs Available. Hiring Now – Apply Today!
Part-time, Full-time, Work at Home - Hiring Now. Find a job and apply.
Other Career Questions
What jobs are there in the business field that are night jobs? Places and job titles please. Im have a BA in Business Admin and looking for a night job, already have a morning/day job.
Enumerate these jobs Say, patent application writting. patent application writing. In a company, what jobs are needed to keep confidential?
Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.
Best-Paying Work-from-Home Jobs
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
2013 Engineering Jobs Outlook
Engineers will find job opportunities in select disciplines in 2013, with candidates who are all-around, client-oriented businesspeople in demand.
Best-Paying Jobs by Major
What could you earn with a particular four-year degree? Find out by checking out this list of the top-paying jobs for 20 of the most common majors.
Eight High-Paying, Secure Jobs
Want to earn a good salary and enjoy a measure of job security as well? Check out these well-paying jobs on tap for fast growth in the coming years.