Monday, April 20, 2009

ABC News: DJIA Sharply Lower Because of "Profit Taking"

Occasionally, I hear stuff on the news that is aired for no particular reason, but I have started to listen to the market report on ABC daily. It is a F*CKING laugh riot.

Today, at noon, ABC News stated that the Dow Jones Industrial Average is sharply lower today because of "profit taking." Let's just look at where the "profit" is with regards to the DJIA. Because, just from memory, I know that window for those "profit takers" is somewhat small. Let's find it.

Now, recall, we are talking about the Dow Jones Industrial Average companies, these are not the day trader stocks, these are Blue Chips that people buy to KEEP. And the DJIA is DOWN today, BECAUSE OF PROFIT TAKERS.

From the last week (April 13-20) and then the last Month:
Wow, we are getting slaughtered this past week. Profit is not there, huh? Let's hang on to these, maybe we can make it up.

In the past month, we are seeing a good return on expensive stocks, maybe it is a good idea to sell off these things. Over six percent is a pretty good return in one month, but REMEMBER, these are Blue Chips, we buy and hold them.

Let's hold them.










Now, let's look at the last three months and then six months:

Shit, shit, shit.
















How about the last year and then the last two years:

Yeah, it's profit takers that have run down the DJIA today. It could NOT possibly be the fact that we have a admitted MARXIST in the White House and the most anti-business Congress that has ever existed in this country.

Profit taking, INDEED. Folks, Barry Obama can say all he wants to about the economy coming back, BUT when the market is decidedly DOWN, (not just today, either) unemployment is continuing to skyrocket, banks are being seized by the FDIC, production is plummeting, new housing starts fall by eleven percent in the month of March, we have a new minimum wage increase slated to hit in three months, and government spending has gone through the roof, quintupling the deficit, there is ABSOLUTELY NO HOPE OF THE ECONOMY GETTING BETTER.

Plant a damn garden, TODAY.

Please take the time to comment.

2 comments:

christinajade said...

While O was giving his little talk about the CIA, I was watching the market fall a point per word. Of course, before some O-lover says it, I shall point out that the damage for the day had already been done.

Earlier I saw something on the Twitter about the bank reports (the ones the fed wanted kept secret) being leaked? I can't find that link again for anything, though.

christinajade said...

While O was giving his little talk about the CIA, I was watching the market fall a point per word. Of course, before some O-lover says it, I shall point out that the damage for the day had already been done.

Earlier I saw something on the Twitter about the bank reports (the ones the fed wanted kept secret) being leaked? I can't find that link again for anything, though.

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