Oh What a Tangled Spin We Spin (FOX Says Kerry's Crashing Stocks)

[Cats Against Frist]

Has anyone heard this? I hadn't until today. Neil Cavuto, or whatever his name is, was having segments on that said fear over Kerry winning the presidency is causing the market to slow down.

Is this the next big talking point? And is it yet another a la Spain, where I think the Spanish market dropped after the bomb attack.

Is there any basis for FOX floating this -- besides they just suck? Does anyone have any links to any reputable articles or analysts that have said the same thing?

[Skittles]

1. oh good LORD

they are truly, truly getting desperate. First it was Clinton's fault, and now it's Kerry's? Has the Bush "presidency" all been a f***ing dream?

[drscm]

23. RE: "Has the Bush "presidency" all been a f***ing dream?"

Oh, please. Let it be so. I realize it would be better to call it a nightmare, but at least we could all wake up and it would disappear.

[Generator]

28. This is my theory

Or as someone here on DU put it after Limbaughscum tried to call the torturing photos harmless "pranks", maybe the whole thing is one giant PRANK. Stealing the election, letting terrorists crash planes into buildings, going after a country that had nothing to do with that attack, ect., ect. ect.

RE: Fox news, I know I know. If you watch it for more than five minutes when it covers anything political you will know the meaning of propaganda. I flipped one day and they were talking a very similiar line, wall street is all about money, and well Kerry is anti-money of course! I feel like I'm about to become Linda Blair.

And another thing, what's with that bullshit line, "The most trusted name in News." Trust and NEWS don't go together.

It's as laughable as fair and balanced. Just wanted to get that out.

[lottie244]

32. You mean that the "thought" of Kerry is more powerful than Bush tax cuts?

Amazing!!

[bushwakker]

2. Clinton was supposed to tank the stock market

yadda yadda yadda

[unblock]

3. ah, so they're finally admitting that the late 2000 crash was bush's fault

can't have it both ways. 4 years ago the market tanked. was that fear of bush winning? no? how is this time different?

don't worry, i'm sure fox will come up with something :eyes:

[deacon]

4. They are swiftly becoming a laughingstock n/t

[0007]

6. They truly are, the more they spin the worse they look

The repukes can spin both ways at the same time while cranking out new propaganda and lies.

[mongo]

35. Exactly!

And if memory serves me the market didn't start to really drop until after the Nov 2nd election, when it looked like Bush was the winner. The big drop attributed to Clinton happened between the election and when Bush was sworn in.

[teryang]

5. Corporatist spokesman Neil Cavuto

...is a right wing propagandist spinning every thing under the sun into chimp worship.

[wicket]

19. Cavuto is such a WHORE!

[ClintonTyree]

7. It's a proven fact...............

that the stock market does better under Democratic Presidents than Republican Presidents. However the Democrats have the audacity to want the people who make all of that money in the stock market to PAY TAXES ON IT! Those bastards! Imagine that, wanting people to pay their fair share to run this country!
Cavuto is a Neo-Con tool, I can't stomach the asshole.

[KharmaTrain]

8. My Broker's Telling Me To Sell BECAUSE of Bunnypants

We just dumped a bunch of stock...including, gladly, Home Despot...from a portfolio I was overseeing...based purely on the suggestion of a very well-respected broker. He's advising to dump from the market and get into the bond market to ride the next big "financial wave"...rising interest rates and inflation tied to the huge defecit of this regime.

What "Svenghali's" like Cavuto and all those shills on CNBC do is cheerlead for the large brokerage houses, and damn right they want Bunnypants back in...he's given them lots of money and stands to make them even more. It'll be THEIR disaster, not the rest of us.

It's just a matter of time when all the money this country is wasting in Iraq, throwing away on a coporate welfare system gone wild and lack of any long-term financial planning by this regime will lead to a financial crisis as the government will plain run out of money AND credit. This is what happened in 1990 when Poppy Bush was forced to raise taxes, and Bunnypants will be pushed to do the same.

A couple weeks ago I heard the groundwork already laid for this when one of this regime's mouthpieces claimed that the "tax cuts" really aren't going to last that much longer, and "corrective actions" caused by those cuts "may" have to be taken (bend over, middle class, it's gonna be without vasoline).

Yep, we're hearing the doom and gloomers...damn right they're saying the sky is falling...it's cause they're seeing their gravy train may be running off the tracks.

[Cocoa]

9. David Brock noticed this too

back when Edwards was named, he caught Cavuto saying this:

http://mediamatters.org/items/printable/200407060010

CAVUTO: Well they're calling it the Edwards Dip. Good morning everybody, I'm Neil Cavuto and this is the FOX Morning Market Report. Expect stocks to open on the negative this morning in just about 20 seconds as activity begins after a shortened holiday week, which commences today because of the July 5th holiday. But this is the same rule of thumb we've been seeing in the markets lately, anything that looks good for the Democratic ticket generally does not look good for the guys at Wall and Broad. I'm not really casting politic aspersions here, one way or the other, the simple fact of the matter is that Wall Street is largely -- largely, I stress -- a Republican bastion, so anything that makes the Democratic ticket look good -- and obviously this is deemed good news for the Democrats here, this Kerry-Edwards ticket -- will be deemed bad for the corner of Wall and Broad.

[Ganja Ninja]

10. Well it couldn't have anything to do with the war going badly ...

or inflation coming back or gas prices or the decline in P/E ratios. It couldn't be that stock are simply overpriced. It must be the fear that Kerry will win or maybe the fear he'll loose.

Anybody that takes FOX news seriously deserves to take a bath in the markets. It's a perfect example of the old saying "A fool and his money are soon parted."

[tom_paine]

11. He's a witch! Burn him! FAUX has the same basis Der Strumer did

www.calvin.edu/academic/cas/gpa/sturmer.htm

Which of course is to say none but their own self-appointed superiority and love of Fuhrer.

You just KNEW they would stoop this low...and lower still.

Totalitarians are SOOOOOO predictable.

[Democat]

12. What about Bush's nomination and the 2000 market?

No one would ever dare to mention that. It was all Clinton's fault! :)

[MetaTrope]

13. or the stolen election...

four years of national angst :puke:

[Cats Against Frist]

14. Thanks, Everybody

I did a little reading too, and apparently most of the "Kerry brings the market down" does come from neo-tools and the pages of the NRO, who, I think, started saying it first.

And I did find a few articles about how the market does better under Dems.

This economy, and all the wealth going to the investor class makes me sick -- couple that with the fact that the crazy right is trying to drum all altruism out of government. These people really are extreme, and very fascist-like.

I've heard so much shit and desperation fly out of their mouths, though -- I can't believe they'd say this stuff about Kerry. I know people are pretty dumb -- but are they THAT dumb? Do the pukes think that people would actually swallow it -- and even if it was minimally true -- the obvious conclusion is that if Kerry makes some people nervous, it might be because he'll make them pay their taxes?

This all feels too surreal.

[Mayberry Machiavelli]

30. Some idiots I know actually parrot this stuff. Stocks going down because

markets afraid of a Dem Win! (This was some months ago, not even the one now.) I just laughed, like, oh now I'm supposed to vote for this incompetent fool because that's supposed to keep the Dow Jones up? NOT!

[rpannier]

15. We've known that Kerry was going to be the nominee

since the end of March. The Market didn't drop then. Cavuto is a twit.

[ewagner]

16. I was trapped in RW Radio Hell

during the Florida recount fiasco........

The Tech bubble was bursting and the markets were starting to tank...and Limbaugh reported it with panic in his voice....siad AL GORE was killing the economy....over and over and over and over again.

Faux is harping on a rifff here......it will get old fast.

[Cat Atomic]

17. Imagine trying to believe all these things simultaneously:

1. The market is improving right now because of Bush.
2. The market is weakening right now because of Kerry.

3. The market downturn in the last year of Clinton's presidency was Clinton's fault.
4. The market downturn in the last year of Bush's presidency is Kerry's fault.

Anyone who can manage to believe all this at once can be safely written off. They're masters of doublethink. They're hopeless.

[Mr_Spock]

22. You said it. I wonder if someone could put together a list of a hundred

or so Right-Wing "talking points" comparisons that show the true hypocrisy and "flip-flopping" of these knuckleheads. I know these "talking points" are written for the idiots who only care about the emotional "ring" to them, but the independent voters who decide elections in this country do consider hypocrisy to be important.

[Mayberry Machiavelli]

31. Nice summary.

Of f*cktard thinking.

[DrWho]

18. oh gawd

ARGHHHHHGHGHGHGHGHGHGH!@!!!!!

This stupidity is so dangerously close to forms a Nazism!!

Faux News needs a good fining!

[midwayer]

20. NO but

I can give a hundred other reasons the market is tanking

Jim Rogers and more

http://moneycentral.msn.com/content/CNBCTV/Articles/Dispatches/P90170.asp

Historically, bull markets in commodities run for 15 to 20 years, and this one is only six years old -- suggesting there’s a lot more room for more upside.

Beyond that, Rogers sees plenty of areas to avoid or short. First, he’s worried about the housing sector. "People are speculating in Park Avenue condos and in second and third houses. It is all the rage at cocktail parties," says Rogers. That’s created a housing bubble, which he thinks is going to "break hard." So he’s short Fannie Mae (FNM, news, msgs) and home-building stocks.

Next, Rogers is bearish on the dollar. Huge federal deficits will make foreigners wary of holding assets in the U.S. -- which reduces demand for dollars. And the current administration has a policy of letting the dollar drift down to spur exports. Rogers is also bearish on bonds -- partly because interest rates are headed back up, but also because the high level of government debt worries fixed income investors.

Finally, he’s leery of the U.S. stock market. True, stocks may hold up through the election. But 2005 and 2006 will be bad years for equities, he predicts. That’s because the recovery will sputter soon after the elections, and there’s not much room to provide even more stimulus. The Federal Reserve has little leeway to cut interest rates. And the federal government has no more room to borrow and spend to spur growth. "The government has shot its wad," says Rogers. One way Rogers is betting on over stock market weakness: short positions in money management firms.

-- Charley Blaine and Kim Khan

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Posted 7/23/2004
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Indexes
Dow 9,983.73 -66.60
Nasdaq 1,863.74 -25.32
S&P 1,089.46 -7.38

[midwayer]

21. Fleck

fleck tonight:

One of the key issues that I have talked about from a micro standpoint, i.e., the buildup of inventories in technology, is also likely to be a problem across the economy, especially if companies like General Motors, Ford, and Caterpillar are any indication. When you have a lot of inventory building and then demand slows, you have a real problem, as the next thing that tends to happen is a cut in production. I believe that we are just "one bad data point in July (or August)" from shattering the "blip" thesis and getting people to understand that we are about to experience the "next time down," the scenario that I outlined in my New York speech and repeatedly in the Rap. I think that it's time to be on red alert, because any sign of weakness could turn what has been an orderly stock market decline into an all-out rout.

http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=20336969

[Kathy in Cambridge]

24. The Stock Market Historically does better under DEMOCRATS!

http://money.cnn.com/2004/01/21/markets/election_demsvreps/

"Looking at the 72-year period between 1927 and 1999, the study shows that a broad stock index, similar to the S&P 500, returned approximately 11 percent more a year on average under a Democratic president versus safer, three-month Treasurys. By comparison, the index only returned 2 percent more a year versus the T-bills when Republicans were in office."

[Kikosexy2]

25. Someone should....

go on a freeper site and promote "Outfoxed"--buy the dvd NOW!!

[FighttheFuture]

26. I thought it was because of fear of another Bush term since the 9/11...

report dulled any direct real blame of BushCo. You have to dig and parse for it.

[Literate Tar Heel]

27. ha, I said on a thread the other day

that they would start spinning the stock market dip this way ... "Kerry going up in the polls is the reason stocks are going down, so unless you want a bear market, you better vote for Bush" ... these people are getting so predictable it's silly

[struggle4progress]

29. Boo! Ooga booga! eom

[Robin Hood]

33. The same time that they were reporting these lies, CNN was reporting:

That Mutual fund managers want Kerry. This was foxs' way of keeping their people mis-informed. They are so blatantly obvious with the fact that they are not a news organization.

Fox= American pravda.

[SemperEadem]

34. yeah, but at least the stock isn't crashing like it did under Reagan

the market is always slower in the summer

[SemperEadem]

36. The reason why it's tanking is because bush's tax increase on the

middle class and poor and the economic fall out from his outsourcing of jobs to India. Bush has been very good to India--in fact, it seems he's more interested in helping out their economy than ours.

When he says there is job growth, one must remember that he's talking about India, not America. When he says the economy is getting stronger, he's talking about India's economy, not ours.

[proud patriot]

37. So let me get this straight

Republicans control the Excecutive , Judicial and
Legislative All Three Branches of our Government
but it's Kerry's fault we are in a bad economy .

meme: Ask puke pundit's if everything is
Clinton and Kerry's fault when they have
no power , when exactly can we expect the
president to see any results on his policies
when exactly will the president be held accountable
(responsible)for the good bad and the ugly ?

It seems the republicans are conspiricy nuts thinking
the Dems still somehow control everything from
some secret underground bunker , because on the
surface the republicans are in control of everything .

[JerseygirlCT]

38. Interesting spin...

I've read that uncertainty over the outcome of the election may be having an effect on the markets. That is, any unanswered question is a bad thing in that world.

So, from there we move to "it's all Kerry's fault". Well, yes! Damn him for not losing so we know the outcome now!

It's silliness.

[Monde]

39. The trouble with television is...

...not JUST that Rupert MurDICK (and his hierarchy of masters and minions) have been using time-tested corporatist techniques to "outfox" Americans.

Perhaps you've read about university studies which have shown TV does weird things to the psychological phenomena of attention. I am in a rush and can't hunt the link down but do a search* for "television" AND "brainwaves" AND "study" and it will likely get you there; if anyone can't find it and wants to, message me and I'll find and send you the link(s).

What the psychologists did was wire some children to a TV, and set it up so that the set would turn itself off at the exact point when they were showing more brainwaves other than awake and attentive beta waves.

None of them were ever able to keep the set running for more than three minutes! They slipped into states (I think it was alpha and/or theta) in which ideas entered the mind, but weren't processed or analysed, compared with the other stuff up there.

These brainwave states are the sort of mindset sought by hypnotic therapy practitioners, preachers in revival tents, the "Diamonds" leading Amway pump-up rallies - or any frontpersons for Todd Robbins-style "power-ins"...all those big-deal "seminars" attended by the more gullible amongst the obsessive dollar-chasers.

I used to be skeptical about the whole "TV itself regardless of the programming can control your mind" notion, but now I have moved my position up to "guarded skeptic, but open to accepting the notion, but just need more data". Such as if any experiments such as this ever were done on adults, and what the results were.

If there's anything to this, the Faux/Rove/Leo Strauss/Goering etc. "repeat the message again and again" method used in conjunction with it could virtually hypnotise people into believing utterly and obviously false - or completely contradictory - ideas. Such as this latest installment of anti-Kerry/Edwards blamestorming.

*I say "do a search" instead of using Google as a synonym for same; the reasons should be obvious. I am not a corporatist - and do not wish to aid the process of adding yet one more corporation-name to the overall mass linguisticon.