Stock Market Tumbles Again

The Stock Market continues to vote against the policies of Barack Obama as stocks tumbled by 1% on Monday, closing at the 6500 level--the lowest since 1997 during Bill Clinton's 2nd term.

Overall the Market has fallen by 25% this year alone, leading to stunning losses by investors.

Here is the full report.

Stock Market Thunders Against Obama Plan

Although Americans in their mesmerized desire for a 'messiah' to come from heaven and save them from their present woes seem to approve of the Obama voo-doo anyway, the Stock Market keeps thundering against the Obama plan for the economy.

Yesterday was an unmitigated disaster as stocks plunged another 200 points, sending the Dow down to the lower 6000 level.

We haven't seen numbers like that 20 years.

The question is, how low can the Dow go? Some warn that if the trend continues, and if Obama keeps sending the nation spiraling into mind-blowing debt, the U.S. will actually owe more money than there is in the world.

And that, my friends, is what we call the 'doomsday scenario.'

Second Amendment News Roundup for 3/3/09

Focusing on guns, politics, and news of interest, here is today's Second Amendment News Roundup:

Nicki says that Obama should keep his trap shut because every time he opens it, the Stock Market plummets. Maybe that's the plan?

Rev. Kharma posts a good read today entitled, 'Faith and Science.'

JR provides a good report from the TSRA banquet last Friday night.

Caleb has all the information for tonight's edition of Gun Nuts Radio.

Alphecca posts two videos that show the latest lies of the Brady Campaign to rob citizens of their Constitutional rights.

David Codrea has Paul Davis' analysis of the latest setback for Wayne Fincher.

National Gun Rights Examiner gives us an example of how old movies can teach us plenty about the importance of liberty.

Mike McCarville has important info about a gun bill that would prevent potential employers from asking about gun ownership on job applications.

Blogstitution provides a MUST-read book review of The Quest for Comic Justice by the great Thomas Sowell.

Free in Idaho provides essential reading on Muslims and the state.

Sebastian says that the L.A. Times is engaging in some 'pants shittin' hysterics' over gun carry in the nation's National Parks.

Tam reports that she felt a great disturbance in The Force this morning, and for good reason. Take a look at the Stock Market figures. More Obama 'hope and change.'

Pax Parabellum shows us how to make money in the Stock Market even in these dreadful 'Obama Days.'

Say Uncle posts a link to a timeline concerning everything about latest antics of the anti-gun newspaper, The Commercial Appeal, all in one convenient location.

Ride Fast and Shoot Straight blogs on ammo in grocery stores. Interesting topic!

CarteachO has a highly informative post entitled, 'Home Defense Shotgun Ammunition--the Basics.'

Armed and Safe systematically takes apart a statement by the President of the Coalition to Stop Gun Violence.

St. Louis Gun Rights Examiner has the latest on legislation in Illinois that would allow defensive handgun carry.

Western Rifle Shooters Association posts Denninger's 'The Challenge Before America.'

Walls of the City points out that Obama isn't smart enough to understand one basic tenet of economics--if you raise taxes, government revenue will FALL, not rise!

Days of our Trailers has a 'firearms factoid.'

Texas Fred provides an important read on 'Texas Sovereignty.'

The Rustmeister notes that Tennessee has dropped the ball when it comes to an important privacy issue.

Occupied Nashville compares/contrasts the England of yesterday with that of today regarding firearms.

Michelle Malkin reports that the members of the leftwing mainstream media who fawned all over Obama during the campaign, without first thoroughly vetting him, are now expressing 'buyer's remorse.' Sorry, but I have ZERO sympathy.

Dr. John Lott makes a vital, key point about the guns that Mexican drug thugs are getting. Read it all.

Gateway Pundit has the video of CNBC's Jim Cramer blasting Obama on his economic proposals.

Second Amendment News Roundup for 2/17/09

Focusing on guns, politics, and news of interest, here is today's Second Amendment News Roundup:

Via Matt Drudge, the big news today is that apparently the stock market is not impressed with the massive Obama 'stimulus' bill as stocks took a steep nosedive.

Tam is apparently thoroughly 'stimulated' by this news, but not in a positive way, of course. Did I just formulate a 'triple-entendre?'

Gateway Pundit reports on the Denver citizen protest of the trillion dollar pork package Obama will sign today...complete with a roasted pig provided by Michelle Malkin.

Atlas points to a story in the New York Post today concerning the continually growing scandals surrounding Rahm Emanuel, Obama's White House Chief of Staff. The circle of corruption is beginning to narrow in on the great Barry-O himself.

Mike McCarville presents his periodic 'Gadfly on the Wall' column, this time focusing on the gun grabbers that have crawled out of the woodwork now that Obama is in the White House.

Texas Fred has an interesting take on Senator Gillibrand's statement that she and her husband 'keep two guns under the bed.'

Rev. Kharma also weighs in on the Gillibrand story.

Days of our Trailers reports that while denouncing the salaries, bonuses, and retreats in plush resorts on the part of corporate execs, the members of Congress seemed to forget about their own questionable activity in the midst of economic hard times. Read it all.

Walls of the City says there seems to be a serious disconnect in the mind of Obama concerning the nation's financial matters. In psychiatric circles they call that 'schizophrenia.'

The Rustmeister does some more fisking of the Commercial Appeal--the newspaper that published the names of concealed carry licensees.

Insight on Freedom has an important update on the move by government to silence conservatives on the radio.

Conservative Libertarian Outpost is going section by section through the stimulus bill and says that it is a socialist manifesto from top to bottom, locking in socialism for generations to come.

Western Rifle Shooters Association has two MUST-reads here and here on what is apparently shaping up to be an economic and social collapse within the United States.

Say Uncle reports magnificent news out of Montana. Their House of Representatives passed a bill snubbing federal gun controls. Good for them!

Breda says that tonight is ladies' night on Gun Nuts Radio. Click on the link for details and then listen in!

Sebastian has the response of the Department of Justice to the Brady lawsuit concerning guns in the national parks.

Nicki provides an important read on nationalized healthcare that the Congress-bastards stuck into the stimulus bill.

Ride Fast and Shoot Straight posts 'Never Forget.' You absolutely must see it.

Being one of William F. Buckley Jr.'s original footsoldiers in the Reagan Revolution, I was particularly struck by this post at Pax Parabellum entitled, 'The Difference Between Reagan and Obama.' Take a look!

The Wandering Minstrel has a great read entitled, 'Understanding the Second Amendment.'

Roberta X comments on a rather interesting exchange that took place on TV between 3 of our illustrious Congress-beasties.

21 Guns Salute blogs on the Examiners (thank-you, sir), and then has a vital post about gun legislation in Arizona.

John Jacob H posts a video interview with Yuri Bezmenov. Be sure to watch it!

Armed and Safe has an important update on ammo shortages.

Kurt Hofmann's St. Louis Gun Rights Examiner column focuses on incorporating the Second Amendment. Read it to find out why this is important.

David Codrea reports that something has gotten Alaskan gun owners stirred up about protecting their gun rights. Take a look!

Codrea's Gun Rights Examiner column focuses on the NRA Director candidate questionnaire.

Mike Vanderboegh will be taking a short break from blogging in order to finish his novel, Absolved. I'm looking forward to the finished product. It is destined to be a classic.

The Best Line I Heard All Day

A local news anchor in the Western Carolinas said this as the lead-in to the story about the big Stock Market drop on the day Obama was sworn in:

Well, apparently the Stock Market wasn't excited at all about the Obama Presidency. Take a look at these figures.

In the midst of endless, incessant, wall-to-wall idol worship on the part of the mainstream media, all the living long day, this one statement was the only real truth I heard proceed from the mouths of the talking heads.

Yesterday's Stock Market experienced the single largest sell-off in history on the day of a Presidential inauguration. Here is a complete report from NewsBusters.

Second Amendment News Roundup for 11/13/08

Focusing on guns, politics, and news of interest, here is today's Second Amendment News Roundup:

National Review publishes a chilling article today on the nationalization of the Internet. If the government controls the Internet, they can control content. And guess who's pushing the idea? George Soros, Moveon.org, and the Democrats in Congress.

Mike McCarville reports that Leftwing federal judges are likely under Obama due to the Chairman's statements about the Constitution being 'flawed' because it did not address redistribution of wealth.

The Herald-Sun says that Australia will begin filtering Internet content and blocking over 13,000 websites. The official target is child pornography, but one has to wonder if there isn't another hidden agenda. Beware of powerful government watchdog groups that exercise control over citizens.

JR issues an alert from the Fifty Caliber Institute on a vote this coming Monday in New Jersey to ban the .50 Caliber.

Alphecca says that in light of the fact that liberals claim we conservatives are nutcases, it seems some conservatives have some proof that liberalism is a mental disorder. Read it all.

Armed and Safe has essential reading on Socialism and guns.

From Codrea's War on Guns:
*Giving Him What He Wants
*Mixed Feelings
*Unpublished Opinions

Gun Rights Examiner has today's article by David entitled, 'Another Child Shooting.'

Sebastian comments on the Rahm Emanuel statement that Barack Obama plans to implement the 'civilian national security force.'

Say Uncle has a must-read entitled, 'Race Wars.'

Nicki says it like I like it on the Democrats' latest 'money-suck.' Read it. If you don't, then to use one of Nicki's favorite words, you're a 'douchbag.' ROFL!

Breda has this nifty item entitled, 'The Bottom of Bird Cages.'

West, By God posts today's edition of 'Chicks and Guns.'

Mindful Musings has a great read, entitled, 'Obamanation Countdown--Spot the Looters.'

The Wandering Minstrel provides a description and some great gun art on the American Eagle Pistol.

From Western Rifle Shooters Association:
*Beck: It's About the Values, Not the Prices
*Gordon Brown on a 'universal society'--scary stuff here!
*Desperate Times--essential reading!

Dr. John Lott confirms what I've been saying all along about the Stock Market's nosedive after Obama's election. This is an Obama market, and investors are saying they don't like it. Thus, the nosedive.

Front Sight, Press has an interesting read on the spike in gun permit applications in Boulder County.

An Ol' Broad's Ramblings has a 'mini-Obamarama' that you must see for a good laugh! I love those funnies she posts.

Stock Market Loses $3 Trillion in 3 Days

Continuing with the pattern set the day after the election of Barack Obama, the stock market has lost a staggering 3 trillion dollars in just 3 days.

The market is already in the worst post-election plunge in U.S. history, but the losses over the past 3 days make other post-election losses pale in comparison.

True, other forces are at work in bringing about the market's woes.

But the election of a new President is also a leading indicator of whether or not Wall Street views the policy proposals of that new President to be financially sound for the economy.

The American people protested loudly and clearly concerning the bailout passed by Congress. And now we have an incoming President who not only embraced that bailout but is proposing even more.

And, as reported today by Forbes, the current price-tag of the bailout, all at taxpayer expense, stands at $5 trillion dollars and counting.

As reported earlier, most of the leading economists in the U.S. believe that the bailout of Wall Street and other large corporations is a terrible idea. Perhaps most investors deep in their heart of hearts believe the same thing.

Stocks Lose 7% of Value Since Election Day

In the largest election week decline in U.S. history, the stock market lost 7% of its value in the first 3 days after the vote.

Even the election of Herbert Hoover in 1929, Franklin Roosevelt in 1932 at the beginning of the Great Depression, and Jimmy Carter in 1976 did not match the decline following Barack Obama's election.

Reuters News Service provides a table of market activity showing the gains and losses in the stock market in the week following every election since William McKinley in 1896.

The only other Presidential election in history that came close to matching the losses in the market following the election of Obama was that of Harry Truman in 1948.

That week in 1948 following Truman's victory, the market lost 6% of its value.

STOCK MARKET: WORST 2-DAY LOSS IN HISTORY

Perhaps the past 2 days, not just the day after the election, will help convince some skeptics that the election of Barack Obama is the single biggest factor in the stock market's history-making 2-day decline.

In the 2 days since the election, the market has experienced its worst 2-day decline in U.S. history.

Prior to the election, the market was making a decent recovery. In fact, it was inching upward toward the 10,000 mark once again.

But as I predicted (along with several others), electing Barack Obama to the White House would send the market into an immediate tailspin due to his investor-hostile policy positions.

It is the height of naivete to think that the election of someone who will slap investors with heavy taxes would not negatively impact the market in a major way.

Investors are not imbeciles. They watch tax policy very closely. And they correctly determined that in order to avoid losses in 2009 resulting from the hefty tax increases of the Democrats and Obama, they need to sell now.

Thus, the stunning 2-day plunge.

And unless the Democrats and Barack Obama signal that they will NOT implement the promised tax policies that will penalize those who create wealth and invest in our markets, we can expect more dramatic and painful losses.

We are headed for another Great Depression unless the new 'chosen leaders' back off from their ill-conceived intention to increase taxes on the very ones who can pull us out of the current economic downturn.

Stocks Plummet in Reaction to Obama Win

As predicted here, the stock market plummeted on Wednesday in reaction to the Barack Obama win.

In fact, the drop of nearly 500 points is the largest post-election loss in U.S. history.

And thus, my point is confirmed. Barack Obama's tax proposals are not only bad for the markets, but they may well be enough to push the economy over the edge into either a severe recession or an outright depression.

When investors know that after the shift in power in January their taxes will be raised, particularly capital gains taxes as Obama has promised, we can rest assured that those investors will sell NOW rather than wait for the tax increases to take effect.

In fact, I will make a further prediction. The losses on Wall Street will continue unless Obama and the Democrats eliminate capital gains taxes altogether and immediately promise there will be no tax increases, period--not even allowing the Bush tax cuts to expire.

This will give confidence to those who invest in the markets and create the wealth and the jobs in America.

But if Obama and the Dems are intent on doing what they promised with regard to taxes, look for a deepening economic decline resulting in even greater pain and suffering for the average citizens.

Stock Market to Plummet if Obama Wins

While hordes of mesmerized, hypnotized Obama-worshippers march like sheep into the polls to vote for their messiah, investors are openly dreading an Obama Presidency.

In fact, many stock market analysts predict a major drop in the markets if Obama wins on Tuesday.

Obama's economic policies are not friendly to investors. He will raise taxes on those who invest in the stock market, particularly in the realm of capital gains.

In addition, the Obama campaign has consistently lowered the threshold of those who can expect to avoid tax increases. First, it was $250,000. Then, suddenly and inexplicably, the candidate stated it was $200,000.

Then, Joe Biden stated on the campaign trail that the threshold is $150,000. But then Obama campaign operative, the bumbling Governor of New Mexico Bill Richardson, stated that only those making under $120,000 would avoid a tax increase.

This sort of thing scares investors and business people to death.

As time has progressed in this campaign, Obama has publicly inched closer and closer to his vote in the Senate to raise taxes on those making just $42,000 per year--a charge which he has falsely denied.

But one thing we do know. For Barack Obama, the definition of 'rich' has gone from $250,000 to $120,000 in just over a month.

Clearly, these people don't know what they're doing when it comes to economic policy and taxes. Those who invest in stocks know it. Thus, we can look for massive losses that will make the past 2 months seem like a bull market if Obama wins on Tuesday.

The market will not be able to sustain more losses in the aftermath of those over the past 2 months, particularly since we have seen signs of hope and recovery in the last week. The election of a man whose policies will bring the gains to a grinding halt and catapult us backward into losses will be more than the economy can handle.

And not even the 700-billion-dollar bailout will save it.

And this means that the beginning of the nation's plunge into the 2nd Great Depression will commence if Obama is announced as the winner.

Market Could Regain Losses This Week

The stock market opened on Monday to speculation that a rebound was about to occur. And boy did it ever.

Stocks rose by their sharpest gains in the history of the market, posting a 955-point-gain by the end of the day.

Market watchers say that today could be a repeat of Monday's windfall.

And thus, it is entirely possible that the market this week could regain most if not all that it lost in the past few weeks.

If this good news continues to hold until Election Day, does this mean, then, that John McCain and the Republicans get to benefit handsomely from the upswing? It would seem only fair given how thoroughly they have been blamed for the woes in the financial markets of late.

Isn't it interesting--Obama benefits from bad news. Let's see if McCain benefits from good news.