“U.S. stocks lost ground on Monday, with each of the major indexes falling for a fourth straight session, as investors were hesitant to make new bets ahead of an expected shift in Federal Reserve policy that could lead to higher interest rates,” Chuck Mikolajczak reports for Reuters.
“The declines marked the longest losing streak of the year for the Dow and S&P 500, while the Nasdaq matched its longest string of declines since mid-June,” Mikolajczak reports. “The Nasdaq was positive for most of the session, spurred by gains in technology shares, such as Apple Inc (AAPL) and Google Inc (GOOG), before selling pressure in the last hour of trading turned the index negative.”
Mikolajczak reports, “Apple shares gained 1.1 percent to $507.74 while Google advanced 1 percent to $865.65.”
Read more in the full article here.
Government policy shift = socialist manoeuvring to grab more dollars from your pocket.
you’re such an idiot.
No, that would be those that believe him.
If you were a grownup, you would know what Socialism really is. Those of us who risked our lives defending this nation against Soviet agression are disgusted to see little boys like you speak such ignorant trash.
BLN is decidedly correct, the Obama Administration policies are socialist, by definition:
socialism |ˈsōSHəˌlizəm|
noun
a political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.
• policy or practice based on this theory.
• (in Marxist theory) a transitional social state between the overthrow of capitalism and the realization of communism.
I submit, that you are the “little boy.”
you’re such an idiot.
..and you are such an unregistered troll.
If you count trolling against idiocy, then yeah. No rational human being thinks we are suddenly living in a Socialist state because of a president who is far to right of many other US Presidents. You do realize that the highest tax rate in the US was 90% for decades don’t you? This country is so not Socialist there’s just no way to think you’re anything but an idiot, and I mean that in the sincerest, most non-emotionally charged way possible. You just seem to have a basic problem with comprehension regarding the political system as it currently operates. Probably you should not say too much in that area in the future and instead take every opportunity to listen and learn. I’m not saying it would help, but it might.
For a little perspective:
blah, blah, blah x infinity +1.
I am a registered MDN contributor, botvinnik, and I believe that you are an idiot, too. In fact, I would welcome an MDN poll on the subject.
Since you have clearly stated your disdain for me in the past, you must believe that you have the edge. So I say let the forum decide this democratically with a vote off – you versus me. The loser is not allowed to post on this forum for one year (no cheating by using a different alias).
don’t flatter yourself, Melvin…I wasn’t even talking to you.
botvinnik has to study up to get to the stage of an idiot. He just graduated as a moron two years ago.
Even chess grandmasters like botvinnik can be functional sociopaths, idiot savants, deranged nationalists, or plain fools. Still, I detect a glimmer of hard rationality behind the cognitive shields of heavily promoted paranoia and idealism. As for classification of mental retardation, that’s now known as intellectual disability, thanks to Obama’s 2010 Rosa’s Law.
when I get my idiot certification, I’ll be automatically eligible for Canadian citizenship. sURe LoOkiN forWaRD tO tHAt!
That’s right botvinnik, so remember all you have to do is show your birth certificate, uh idiot certification at the border.
well, it wouldn’t be wise to show my real birth certificate, I might want to be president of the United States someday.
You only have to be smarter than GW Bush to get into Canada but you can always dream.
Being able to cut and paste a definition does nothing to advance (nor prove) your assertion. Why don’t you guys go to a political site to do your venting, so we can concentrate on daily news about the Mac.
well, I was hoping you could read and comprehend the definition..I was hoping for too much. Obama Messiah is a Keynesian socialist by practice and definition. If you cannot grasp the definitions of words, it is futile for you to learn.
botvinnik, the federal government has long had a complex mix of policies. This has been true under both Dems and Reps. For instance, how would you classify the prescription drug program passed under Bush? You have a very twisted view of the political world as it exists today. You somehow believe that it has changed radically over the past five years despite the fervent efforts of the GOP to block any and all legislation, regardless of the merits of the bills. And you have an incredibly idealized view of the history of this country, from its founding all of the way through recent Republican administrations. It is worthless to debate with you because you have an unswerving belief in your rightness in all things. I weep for any woman who has ever dated you, and person who has ever befriended you, and especially any family members who had to put up with you and your smug arrogance.
And yet for all that he has a bearlike charm and the certitude of an avenging angel
Well said, Sir.
Republicans, changing facts and history one word at at time.
These political and economic ideologies (Socialism, communism etc) are different from capitalism in that the government/collective owns, produces and distributes goods and private ownership is not permitted. In addition, the news media is also controlled by the government.
These conditions do not exist in the US, especially the points of private business and media ownership not permitted as evidenced by MDN.
Tell it to Government Motors, honey.
Hey Rush lemming,
The US government owns stock in GM because it lent money to GM. The US does not operate GM in any way. Just like when a person buys a house. You and the bank are “owners” until your note is paid off. The back doesn’t tell you what color to paint your hour or which brand of appliance to purchase.
You Yanks are funny, constantly resorting to a binary argument and confusing social ‘responsibility’ with political dogma.
Your loss.
If you think we are socialist today then you must really have utter disdain for the 30s 40s 50s and 60s. Doesn’t that make you anti-American in general?
Government Policy Shift = Corporate Fat Cats and Mega-Banks renewing their wealth distribution policies that brought on the financial collapse of 2008.
The Federal Reserve saved capitalism.
a cadre of private banks (primarily European), accountable to no one, in charge of the printing the currency of the United States is the bane of anyone who believes in individual liberty.
“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered…I believe that banking institutions are more dangerous to our liberties than standing armies… The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
@ Ballmers’s left nut.
Socialist Mumbo jumbo is BS, grabbing
more of your tax dollars, I agree emphatically. Now act like the patriot that I know you are, sell your right nut and contribute the money to Uncle Sam like you’re suppose to.
By the way, how do know if Ballmer have any nuts?
What those policies are are low interest rates on borrowed money. WELFARE for the 1% and their businesses. Increase the money supply to “stimulate” the economy.
IF another 1 or 2 percent was grabbed from your pocket, our schools would be funded. Our roads would be repaired. ETC.
IF the same thing was taken from the military budget the results would be the same.
IF we stopped giving welfare to billion dollar corporations, the results would be even more impressive.
Politics aside, a decline in the major stock indexes is like a fire sale at the Apple Store: it could be an opportunity to buy the stock of a great company on the cheap.
Only in the stock market do investors panic when stock prices drop, with the media fanning the flames of panic. But shrewd investors see this as a FABULOUS NEW YORK STOCK EXCHANGE AND NASDAQ SUMMER BLOWOUT SALE!!! (WE’VE GONE CRAZY!! THESE STOCK PRICES ARE INSANE!!!!!)
For every terrified investor when prices drop, there’s a shrewd investor who has waited for this moment to buy. Funny. If I told you that you should race to Nordstrom because prices just went up 20%, you’d think I was insane. But in the topsy-turvy world of the stock market, that’s exactly what small investors do, and the media is only too happy to hype this. When the opposite happens, it’s the end of the world. Unless of course, you know a bargain when you see it.
Think about it.
Exactly. Pullbacks like this are normal market behavior.Savvy investors get nervous when they don’t see one.
“Politics aside…”
I see you’re new here.
lol. Good one, C1. Glad to see your humor back in this forum.
Thank you!
Not everyone shares your enthusiasm. I salute your individuality, and your belief in personal freedom.
I admire you. And KingMel somewhat as well 🙂
Steve Jobs was one of history’s greatest capitalists.
“Aid is just a stopgap. Commerce [and] entrepreneurial capitalism take more people out of poverty than aid.” – Bono, November 2012, after growing up and gaining some wisdom, thereby becoming a fiscal conservative
Sure, call Jobs a capitalist, because you sure as hell can’t call him a conservative. Nice try, First 2010, Then 2012.
Yes aid is a stopgap that is needed when out of control unregulated capitalism crashes the economy.