Comments on: Anyone Seen the IBD Congrats to Obama?

By: Hey You

Hey You — Tue, 05 Jan 2010 21:05:20 +0000

Barry, Seems to me that spending TRILLIONS to prop up a corrupt too big to fail banking system and using tax payer dollars to fund loser GMAC , GM, AIG, FANNY, Freddy, etc. will create short term economic activity. The taxes, regulations and mandates the Obama Administration is imposing on our society will come at some cost. The big reason that the stock market is doing well is; people who are prudent savers are punished with zero interest rates. Maybe this administration is rewarding the wrong behavior. As I am a prudent saver, my thanks to Obama will be forth coming when there are some prudent policies.

I thought that BAILOUT NATION had consequences.
(Great book by the way)

By: redline1

redline1 — Mon, 04 Jan 2010 23:12:31 +0000

Dear Barry:

Just to make any serious reference to Moore and Cockburn insults your intelligence. Here’s a guy who believes 9/11 may be an inside job: http://www.youtube.com/watch?v=xTdA350Hkt4

And Cockburn, who is praised here: http://www.ritholtz.com/blog/2009/09/new-yorker-movie-review-american-casino/ and authored a book that gives credence to the urban myth that CIA distributed coke to blacks in South Central LA.
http://www.amazon.com/Whiteout-Drugs-Press-Alexander-Cockburn/dp/product-description/1859842585

This is akin to Larry Kudlow interviewing Lyndon LaRouche on his show, and, yes, I know you have been a guest on Larry’s show.

Some people just don’t know what they don’t know, but I’ll leave it at that.

Happy New Year!

John

~~~

BR: Talk to Chris Whalen about the Cockburn movie — that was his post. As to the 9/11 truthers, I have noted elsewhere I think they are all morons.

By: Moss

Moss — Mon, 04 Jan 2010 21:57:35 +0000

I would not hold your breath waiting for anything positive about Obama from IBD.
They want Obama to fail and therefore would never attribute anything positive to him even when he is correct. He called BS on Irag and now a major market bottom. Not bad for a communist/ socialist palling around with terrorists. The right feels he is not credible and that is that in their minds. This tenor is quite consistent from all the right leaning participants. As I always say, listen but do not heed since irrationally is very stubborn.

By: redline1

redline1 — Mon, 04 Jan 2010 21:50:26 +0000

Bigpicture regularly carps against ideology (for instance, the IBD editorial) as it espouses its “objectivity”; yet, it cites on multiple occasions far left pundits like Mike Moore and Andrew Cockburn, who is a columnist for the leftist Nation magazine and whose brother edits the far left site http://www.counterpunch.org.

http://www.ritholtz.com/blog/2009/07/the-wall-street-white-house/

http://www.ritholtz.com/blog/2009/09/michael-moore-talks-capitalism/

There is nothing wrong with commenting about right/left bias, but don’t be blind to your own predispositions.

~~~

BR: Its amazing how partisans see partisanship everywhere. Its called massive projection (look it up)

A video link to Dylan Ratigan’s interview of Moore does not mean I agree with Moore — that is hardly ideological. And calling a criticism of the Obama White House and its economic appointments a leftist post, because it cites Andrew Cockburn, is simply dumb.

Sorry, dude, but I am sorry to tell you this but your criticisms are simply foolish: You simply don’t have the chops to comment here.

No soup for you! Come back one year!

By: catman

catman — Mon, 04 Jan 2010 21:18:44 +0000

Always loved IBD. Next best thing to the venerable Daily Racing Form. So we’ve got bond fund all in and small investor loving the stock market and here in the echo chamber it’s all a fraud and will soon come to a bad end. After last year it makes sense to sidle away from some of the spec’s that rocketed off the bottom, taking wheelbarrows of cash with you. Personally I am very leery of the dear old USA as an investment idea, but I love the world and its been loving me back – no end in sight. I enjoy the irony of our position. If the dollar stays weak we cant sell enough bonds overseas leading to hyperinflation and if the economy improves rates might rise cratering the stock market. Looks like we’re screwed.

By: krice2001

krice2001 — Mon, 04 Jan 2010 17:28:14 +0000

Hmm.. got oddly truncated and mixed… let’s try that again

While I lean progressive, socially, I try to be agnostic investment-wise. If Barry has taught me one thing (and it’s way more than one thing at this point), it’s not to let ideology cloud my judgment.

Ideologically driven broadcasters bring their followers along with them much to their own peril. I don’t listen to CNBC or listen to right wing radio (or left wing for that matter) at least not for any real information. I do listen to Bloomberg Radio on satellite and read Business Week as they don’t seem to have any noticeable ideological biases. Fortunately there are blogs like this one that follow seemingly reliable models rather than political ideology.

By: krice2001

krice2001 — Mon, 04 Jan 2010 17:24:47 +0000

While I lean progressive, socially, I try to be agnostic investment-wise. If Barry has taught me one thing (and it’s way more than one thing at this point), investors follow political pundits, much to their financial peril.

I don’t listen to CNBC or listen to right wing radio (or left wing for that matter) at least not for any real information. I do listen to Bloomberg Radio on satellite and read Business Week as they don’t seem to have any noticeable ideological biases. But fortunately there are blogs like this one that follow seemingly reliable models rather than political ideology

By: VennData

VennData — Mon, 04 Jan 2010 17:08:56 +0000

IDB and the right wing media touts say anything to get their followers emotionally riled up.

The take-away is this: self-styled conservatives should step back and listen to all sides before giving into their feelings when they hear another barrage of right wing media talking points (especially the personalization of hatred the anti-Gore, anti-Clinton and now anti-Obama feelings.) You can’t listen to anything someone you hate says. IDB and their ilk do that to you.

If want emotion…. if you missed this market because of IDB you must be seething at their craven cherry-picked “we kept you out of the decline” ads. … there’s your emotion.

IDB has cost you plenty, and not just wealth.

By: Steve Barry

Steve Barry — Mon, 04 Jan 2010 17:08:34 +0000

Months before Obama was elected, I predicted here that he would be elected and that it would cause the Bush admin to stop pumping the market. That would make it look like the drop was due to Obama’s election and stick Obama with a huge problem day one. The market did tank and eventually made the low in March, when Obama settled in and his PPT got moving. This is just common sense. All this market manipulation will end in a heap someday though…it is not healthy.