ST Alpha - "We desperately need to stop measuring our economy by the stock market. -- nm" (Reading a Post)

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In response to "Look out below!" by DJIA

We desperately need to stop measuring our economy by the stock market. -- nm

Posted by ty97 Feb 10 '09, 08:19

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Responses:

as a metric I think it's pretty good, but it's certainly not the whole picture. -- nm - mafic Feb 10, 08:23 2
- as a long-term metric perhaps. -- nm - ty97 Feb 10, 08:24 1
  - even short-term. if the biggest and most traded companies are tanking, something is probably amiss. - mafic Feb 10, 08:29
[deleted] 18
- I actually take it as an encouraging sign. If Geithner's pissing off Wall Street, he's doing something right. -- nm - znufrii Feb 10, 08:21 17
  - That's predicated on the belief that the stock market's movement is related to Geithner speaking. - ty97 Feb 10, 08:24 11
    - well, it dropped 130 points just as he started speaking... -- nm - znufrii Feb 10, 08:24 10
      - [deleted] 7
        
        Okay, you win. - znufrii Feb 10, 08:28 1
        
        [deleted]
        
        the Wall Street guys know they're idiots. Not getting restricted is bad news. -- nm - Reagen Feb 10, 08:28 4
        
        [deleted] 3
        
        but they don't know that he knows he doesn't know... -- nm - Reagen Feb 10, 08:32 2
        
        Now do we call that "Rummy" or "Gin Rummy"? -- nm - Beryllium Feb 10, 08:34
        
        *head explodes* -- nm - znufrii Feb 10, 08:32
      - "Buy on the rumor, sell on the news." -- nm - TWuG Feb 10, 08:26
      - oh, so the psychics traded early? - ty97 Feb 10, 08:26
  - [deleted] 4
    - Well, it *was* Bush, so chances are pretty good that he *was* wrong. -- nm - TWuG Feb 10, 08:24
    - no, he scared them because it was obvious he didn't know what he was talking about. - znufrii Feb 10, 08:24 2
      - like Obama last night? -- nm - loosilu Feb 10, 08:26
      - [deleted]

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We desperately need to stop measuring our economy by the stock market. -- nm

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