{"id":5144,"date":"2011-08-11T11:41:26","date_gmt":"2011-08-11T18:41:26","guid":{"rendered":"http:\/\/www.newscorpse.com\/ncWP\/?p=5144"},"modified":"2011-08-11T11:41:26","modified_gmt":"2011-08-11T18:41:26","slug":"falling-skies-a-perspective-on-the-gyrating-stock-market","status":"publish","type":"post","link":"https:\/\/www.newscorpse.com\/ncWP\/?p=5144","title":{"rendered":"Falling Skies? A Perspective On The Gyrating Stock Market"},"content":{"rendered":"

Ever since the Tea Party Downgrade<\/a>, the stock market has been a roller coaster of wild swings. Triple-digit ups and downs have become routine. And throughout, the media, and partisan politicians and pundits, have fretted over impending doom and the end of civilization.<\/p>\n

So just to help us keep things in perspective…..<\/p>\n

\"Falling<\/center>
\n<\/p>\n

Neil Cavuto, and others on Fox News, have been relentlessly harping on every scrap of negative news they can find. Glenn Beck and Rush Limbaugh have been predicting London-style riots. But we should not buy into the Fox News pessimism.<\/p>\n

The market is up more than 50%, and over 3,000 points, since Barack Obama was inaugurated as president. Corporations in many sectors of the economy are reporting record profits. Does that mean we shouldn’t be concerned about the recent gyrations. Of course not. We still have a serious deficiency of jobs and a severely unbalanced income gap. But at least we should recognize the reality of the big picture.<\/p>\n

There is much to be hopeful about, and if Washington will do the right thing – i.e. invest in growth and job creation, and make the rich pay their fair share – we can prevail over hard times. To do that we must fight back against the obstructionism of the TeaPublicans whose only agenda is to enrich their wealthy, corporate contributors and defeat Democrats in 2012.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ever since the Tea Party Downgrade, the stock market has been a roller coaster of wild swings. Triple-digit ups and downs have become routine. And throughout, the media, and partisan politicians and pundits, have fretted over impending doom and the end of civilization. So just to help us keep things in perspective….. Neil Cavuto, and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[219,1],"tags":[183],"class_list":["post-5144","post","type-post","status-publish","format-standard","hentry","category-economy","category-general","tag-barack-obama"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4Ijg-1kY","jetpack-related-posts":[{"id":7031,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=7031","url_meta":{"origin":5144,"position":0},"title":"Fox Nation Panic: Run For The Hills, The World Is Ending","author":"Mark NC","date":"5\/5\/2012","format":false,"excerpt":"Sell! Sell! Sell! It's all over. The stock market is collapsing. Wall Street is bankrupt. The economy is toast. Head for your bunker with your gold bullion, guns, and bibles. The End Times are here. Fox Nation is feverishly reporting that \"Stocks Tank, Nasdaq's Worst Week Of 2012.\" If this\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=219"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1215,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=1215","url_meta":{"origin":5144,"position":1},"title":"Fox News Fires Up Financial Fear","author":"Mark NC","date":"3\/6\/2009","format":false,"excerpt":"It's been going on for months. Conservatives have been pointing their fat finger of blame at Barack Obama. Somehow, perhaps by mystical Voodoo spells, Obama managed to cause a global economic collapse even before he was elected President. Earlier this week, Rush Limbaugh declared that... \"Barack Obama has been the\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=219"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1230,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=1230","url_meta":{"origin":5144,"position":2},"title":"Fox News Is Heavily Invested In A Bear Market Rally","author":"Mark NC","date":"3\/27\/2009","format":false,"excerpt":"From March 10, 2009 to March 26, 2009, the Dow Jones has advanced 1,377 points. That's a 21% increase in 16 days - a feat that has not been recorded in modern stock market history. 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