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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Benny B on March 12, 2009, 02:20:50 PM
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Dow gains nearly 240 on good news on banks, GM
Thursday March 12, 4:44 pm ET
By Madlen Read, AP Business Writer
Dow gains nearly 240 on day of good news about banks, General Motors and retailers
NEW YORK (AP) -- Investors have been clamoring for months for a bit of good news. On Thursday, they got a load of it. The Dow Jones industrials shot up 240 points, bringing its gains over the past three days to 622 points. It was the index's biggest three-day jump since last November.
This week's rally got an extra dose of adrenalin after an accounting board told Congress Thursday it may recommend a let-up in accounting rules for troubled banks in three weeks.
Hope that financial institutions might finally get relief in how they value their bad assets spurred a flurry of buying on Wall Street, which accelerated when Bank of America Corp.'s CEO told reporters his bank was profitable in January and February. Citigroup Inc. triggered this week's rally Tuesday with similar remarks.
"We might find that the banks are not as bad, or not bad at all, if these assets are marked differently," said Doreen Mogavero, president of the New York floor brokerage Mogavero, Lee & Co.
Stocks also got a boost as retail sales figures came in better than anticipated, General Electric Co. got its credit rating cut by less than expected and General Motors Corp. said it will not need a $2 billion loan it previously requested from the government.
"There's a lot of money on the sidelines, and a lot of people who've been waiting for the turn to come," Mogavero said.
According to preliminary calculations, the Dow rose 239.66, or 3.5 percent, to 7,170.06. The Standard & Poor's 500 index climbed 29.38, or 4.1 percent, to 750.74. The Nasdaq composite index gained 54.46, or 4 percent, to 1,426.10.
After a modest decline Monday and three days of buying, the Dow is up 8.2 percent so far for the week. The S&P 500 index is up 9.9 percent and the Nasdaq is up 10.2 percent.
Stocks Power to Close, S&P 500 Up 4 Percent
Posted By: Cindy Perman | Writer
CNBC.com
| 12 Mar 2009 | 04:02 PM ET
Stocks powered into the market close Thursday, completing a strong rally that took the major indexes up more than 3 percent and nearly 8 percent for the week.
The Dow Jones Industrial Average gained nearly 240 points, or 3.3 percent, led by bank and pharma stocks as well as General Electric. The Standard & Poor's 500 jumped more than 4 percent to 750, while the Nasdaq tech gauge gained 4 percent.
The surge marked the third straight gain for the Dow, after a tiny gain on Wednesday and a nearly 6-percent burst on Wednesday, the best rally in more than three months. Stocks have been getting pounded this year, and this week fulfilled hopes for a bear rally long in coming even as the averages remain 18 percent lower for 2009.
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Stock Answer
Quit blaming the market's collapse on Obama.
Jonathan Chait, The New Republic Published: March 13 2009
The one conservative talking point that has gotten the most traction since Barack Obama won the election is that he's killing the stock market with his big-government agenda. Conservatives pundits started saying this in November, and mainstream news implies it constantly. "Stocks are down almost 19 percent since the Obama administration took office," reported ABC News recently. MSNBC has been endlessly featuring a graph of the stock market's decline since Obama took office. While Obama's economic policies have gotten plenty of things wrong, the idea that they can be judged by the stock market is unbelievably fatuous.
To understand this ubiquitous notion, let us start at the bottom of the conservative intellectual food chain and work our way up. The crudest version of the Obama Bear Market hypothesis is put forward by the likes of Rush Limbaugh, Sean Hannity, and Fred Barnes. Their favorite data point is that the market tanked at several key moments: the day after the 2008 presidential election, the day of Obama's inauguration, and the day he signed the economic stimulus bill. Clearly the markets panicked in reaction to Obama's incipient big-government, wealth-confiscating agenda, right?
Sure, unless you realize that those events just might have been priced into the market already. Obama, in case you forgot, was considered a lock before Election Day. (On election eve, Intrade had given Obama a 92 percent chance of winning.) Likewise, the vote that made the stimulus bill a fait accompli took place several days before the bill's signing. The real market-driving news came even earlier, when Obama unveiled his plan. Contemporaneous reports on the market reaction-The New York Times, December 9: "WALL STREET SURGES ON STIMULUS HOPES"-dug up little evidence of fears about socialism.
You may not believe me that pundits are citing the market's drop on January 20 as an indictment of Obama. It's true! "The Dow fell 332.13 points on inauguration day," noted Barnes, holding this up as evidence that "The market's view is that an Obamanomics-driven economy looks grim." I'm trying to figure out the operating theory here. One possibility is that, before January 20, investors thought Obama would get cold feet, or that maybe President Bush would surround the White House with tanks and stay forever. Alternatively, the markets did know Obama would assume the presidency that day, but got really depressed when it actually happened. Neither of these possibilities speak well of the stock market as a rational gauge of the country's economic future.
It is true, of course, that stocks have fallen sharply since Obama won the election. A recent Wall Street Journal editorial noted that the Dow Jones Industrial Average fell 25 percent over the first two months of the year. "The dismaying message here," fretted the oh-so-earnest Journal editors, "is that President Obama's policies have become part of the economy's problem."
Well, this is more persuasive than the "Oh my God, some long-anticipated event has finally happened so I'm selling my stocks" hypothesis. But it still lacks some key details. Such as: maybe some other economic events triggered the sell-off? No way, continues the Journal:
So what has happened in the last two months? The economy has received no great new outside shock. . . . What is new is the unveiling of Mr. Obama's agenda and his approach to governance.
Huh? First of all, Obama's agenda was unveiled well before the election. Second, there have been constant new economic shocks, from the massive downward revision of fourth quarter (pre-Obama) GDP to the collapse of economies across the world.
Indeed, American stocks are merely suffering the same drop as stocks in countries not subject to Obama's socialist agenda. While the Dow did fall by 25 percent over the first two months of 2009, the Global Dow fell by 26 percent. If Obama's agenda was the problem, then you'd think U.S. stocks would fall further and faster.
The larger fallacy here is to assume that the stock market is a proxy for the entire economy. Many people realize that the stock market is an imperfect gauge. But it's not just an imperfect gauge of the economy-it doesn't even attempt to measure the economy. Stock prices represent the market's guess at the profitability of corporations. While that's related to the health of the overall economy, it's not the same thing, and sometimes the two diverge sharply. During the Bush administration, for instance, corporate profits soared while wages for most families flatlined.
One clear instance where Obama hurt the stock market came when Tim Geithner announced the administration's financial rescue plan. Stocks dropped that day. Was this a fair indictment of the plan? Or a reaction to the possibility that the government might wipe out shareholders? In other words, was the market drop a signal that Obama's plan was bad for the economy as a whole or just bad for bank stocks? The two propositions mean very different things.
This, alas, is the very distinction the stock-mongers on television fail to grasp. The stock market has become the media's real-time economic report card. Economic statistics that actually measure broader material well-being come out once a month, some once a year, others once a decade. The stock market updates instantly, making it irresistible.
Cable channels, especially CNBC, have come to represent the stock-centric view of the world. Stock televangelist Jim Cramer, who has assailed Obama for "wealth destruction," perfectly embodies the narrowness of this view. "Stocks, along with housing, are our principal forms of wealth in this country," he asserts. In fact, according to University of Wisconsin economist John Karl Scholz, the richest 10 percent has more than half its net worth in stocks, but those in the middle have less than 4 percent of their net worth in equities.
As a case in point, Cramer assailed Obama for "destroying the profits in health care companies (one of the few areas still robust in the economy)." The United States has the most expensive, least efficient health care sector in the advanced world. The flipside of that inefficiency is massive profits in the health care sector. Anything that reduces waste necessarily reduces that profit. Cramer naturally sees this as a disaster. But why should the rest of us care?
Jonathan Chait is a senior editor of The New Republic.
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Crickets!
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All that this talk of Marxism and Socialism will do is to create more interest in those parties. :-\
Wouldn't surprise me if the US Socialist party would've gone up in the ratings and memberships.
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Increasing the size of government will actually increase government spending stimulating the economy - the private sector was given control of the reigns for too long and look what they did.
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Obama's socialist agenda is bad for Wall Street!!!
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Stocks surge on bank plan, rise in home sales
Stocks soar on gov't plan to soak up bad bank assets; home sales show surprise gain
* Monday March 23, 2009, 3:55 pm EDT
NEW YORK (AP) -- Wall Street is getting the good news it wants on the economy's biggest problems: banks and housing. Investors reignited a two-week rally Monday, cheering the government's plan to help banks remove bad assets from their books as well as a report showing a surprising increase in home sales. Major stock indicators jumped as much as 6 percent, including the Dow Jones industrial average, which soared more than 400 points.
The Treasury Department's bad asset cleanup program would tap money from the government's $700 billion financial rescue fund and involve help from the Federal Reserve, the Federal Deposit Insurance Corp. and the participation of private investors.
The government's announcement was what the market had waited weeks to hear. Treasury Secretary Timothy Geithner had announced an outline of the program last month but provided few details then about how it would work, leading to a poor reception in the markets.
Meanwhile, the housing report released Monday was overwhelmingly positive for the markets even though it showed a decline in home prices in February. Investors are embracing any sign that a glut in homes for sale may be easing.
The market had received another dose of housing good news last week on the troubled industry as housing starts for February came in much better than expected.
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I can only hope that when the markets recover that all the mass suicides of the retards who want another revolution on here and were banking on Obama to fail makes the news.
MuscleMcAnus and Hugo Chavez, put it on youtube!
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Stocks surge; S&P 500 turns positive for 2009
Surging stocks vault S&P 500 higher for the year as pending home sales data boost mood
NEW YORK (AP) -- The Standard & Poor's 500 index is up for the year. And for once, it was the housing market that sent stocks soaring.
The S&P 500, considered Wall Street's most important indicator, bounded up 3.4 percent Monday and erased the last of its losses for 2009. And the Dow Jones industrials shot up more than 200 points and had their first finish above 8,400 since Jan. 13.
Two months ago, an S&P 500 in positive ground would have seemed impossible, with the stock market having fallen to 12-year lows on fears of a worsening recession. Monday's rally was led by the same financial and housing stocks that were decimated by the credit crisis and the sinking economy, and it added more momentum to a stunning rally that began March 10.
A double dose of good housing news ignited the advance: Pending U.S. home sales rose more than forecast and had their second straight monthly gain, while construction spending rose unexpectedly in March after five straight declines.
With Monday's gain, the S&P has soared 34.1 percent in the 39 trading days since the rally began, its steepest gain over that many days since 1933. The Dow, meanwhile, is up 28.7 percent.
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DOW was up 250+ today.
It's higher under Obama than when Bush left.
Ya know this is pissing off ppl like Rush who actually wanted the economy to fali so they could be right. If obama succeeds - and the economy recovers - voting against this bailout is going to be Iraq Vote II for the repubs.
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Yeah...a few good days.....wait until the bill comes do. Or maybe all this "sacrifice" Barry keeps talking about with the car company creditors....that makes people invest huh. Nonthing Barry has done economy wise was a short term fix. The economy will fix or attampt to right itself. The bill comes due, down the road.
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This is laughable. The same markets that the libs are blaming and demonizing, they are using to gauge progress. Only the libs.
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All that this talk of Marxism and Socialism will do is to create more interest in those parties. :-\
Wouldn't surprise me if the US Socialist party would've gone up in the ratings and memberships.
lol, what by 15 members hahaha
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LOL no worries it will go back down at least one more time mark my words another trench is coming.
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All that this talk of Marxism and Socialism will do is to create more interest in those parties. :-\
Wouldn't surprise me if the US Socialist party would've gone up in the ratings and memberships.
Every time someone calls him a Marxist I ask them what a Marxist is.. yes not 1 person even could answer it correctly... Sad...
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Celebrate, the worst is behind us!
lets pee our pants with excitment.
While the government is intent to flood certain sectors with money, you might as well say "screw reality" and make some money for yourself.
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I can only hope that when the markets recover that all the mass suicides of the retards who want another revolution on here and were banking on Obama to fail makes the news.
MuscleMcAnus and Hugo Chavez, put it on youtube!
You gona be around in 2090 ??
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Every time someone calls him a Marxist I ask them what a Marxist is.. yes not 1 person even could answer it correctly... Sad...
Govt taking over Banks - Check
Govt taking over GM - Check
Govt taking over Chrysler - Check
Govt stifling free speech - check
govt attempting to redistribute other peoples' wealth - check
You want more?
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Gee,I thought the daily fluctuations of the market werent important.Or is Obama just a blowhard that only thinks something is important when it benefits him.
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Signs of healing in manufacturing lift stocks
Stocks push higher as August trading begins amid signs of healing in manufacturing, housing
* By Sara Lepro, AP Business Writer
* On Monday August 3, 2009,
NEW YORK (AP) -- The stock market is extending its summer rally as August brings more upbeat economic data.
Positive reports on manufacturing, housing and banking sent stocks sharply higher Monday, hurling the Standard & Poor's 500 index past 1,000 for the first time since early November. All the major indexes rose more than 1 percent, including the Dow Jones industrial average, which jumped 115 points.
The gains were spread across industry groups. The manufacturing data and rising commodity prices helping to lift energy and material stocks, while stronger earnings reports from European banks lifted shares of financial companies.
Ford Motor Co. hit a new high for the year as the company's sales rose for the first time in nearly two years. The federal government's popular "cash-for-clunkers" program is expected to boost overall auto sales to their highest level of the year.
The market had already started off on a positive note following reports showing stronger industrial activity in China, Britain and Europe.
Stocks surged last month, reigniting a spring rally that had fizzled in June amid growing doubts that the economy was on solid footing. The Dow recorded its best July in 20 years, soaring 725 points, or 8.6 percent. Stocks regained momentum as an increasing number of economic and corporate earnings reports suggested investors' bets had been well-founded.
"At this point through earnings season, patterns have been firmly established," said Lawrence Creatura, portfolio manager at Federated Clover Investment Advisors. "It would take a lot to derail the emerging optimism."
In late afternoon trading, the Dow rose 115.94, or 1.3 percent, to 9,287.55. The S&P 500 index rose 14.76, or 1.5 percent, to 1,002.24. The Nasdaq composite index rose 26.63, or 1.4 percent, to 2,005.13. The Nasdaq rose back above 2,000 on Thursday for the first time since October.
In other signs of investors' growing confidence, safe-haven assets like Treasurys and the dollar fell, while oil and other commodities prices surged.
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Increasing the size of government will actually increase government spending stimulating the economy - the private sector was given control of the reigns for too long and look what they did.
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Yeah, look at what "they" did....nothing but give us Americans the highest standard of living the world has ever known.
Ha, "They", no specifics, no facts, just some vague bogeyman you can point to and blame all of your real and perceived problems, failings and shortcomings.
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Government Spending... Government spending... Government Spending...
WOW- Why didn't anyone think of that until now? Spending peoples tax dollars to create programs to give people jobs where the salaries are paid with revenue from peoples tax dollars! Amazing!
The private sector after all, was using private capital to help people make money and create jobs. Why not just steal everyones money and sell it back to them in the forms of entitlement programs for other people?
Hmmm... Now, these programs have never worked before in sustaining viable economic growth. But this time will be different! YES WE CAN!
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The last GDP number was cushioned by Govt spending and increased defense spending.
This is all smoke and mirrors to mask the continued free fall of the private sector.
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The last GDP number was cushioned by Govt spending and increased defense spending.
This is all smoke and mirrors to mask the continued free fall of the private sector.
Some clowns on this board just don't get it.
GDP is still contracting, U.E. is still continuing to pile up.
After all the govt. spending, nation crippling debt, words, bills, power grabs, begging of the Chinese etc etc, we STILL had a -1% GDP growth. Take into account that the first quarter # was revised down to -6.4% and you will see where this -1% GDP report is going as well.
U.S. Incomes also dropped by 1.4% as well. And lets be serious, Chinese will need solid assurances that this Admin. will take steps to cut the deficit. This Admin. has shown that it won't stop to even think about cutting spending and base line budgets, no, it will def. take steps to raise taxes.
What economic indicators point to a turnaround?
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Some clowns on this board just don't get it.
GDP is still contracting, U.E. is still continuing to pile up.
After all the govt. spending, nation crippling debt, words, bills, power grabs, begging of the Chinese etc etc, we STILL had a -1% GDP growth. Take into account that the first quarter # was revised down to -6.4% and you will see where this -1% GDP report is going as well.
U.S. Incomes also dropped by 1.4% as well. And lets be serious, Chinese will need solid assurances that this Admin. will take steps to cut the deficit. This Admin. has shown that it won't stop to even think about cutting spending and base line budgets, no, it will def. take steps to raise taxes.
What economic indicators point to a turnaround?
They will say that recent earnings reports show progress as do increased home sales. However, those reports are based on jobs cuts, not on increased overall revenues.
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DOW was up 250+ today.
It's higher under Obama than when Bush left.
Ya know this is pissing off ppl like Rush who actually wanted the economy to fali so they could be right. If obama succeeds - and the economy recovers - voting against this bailout is going to be Iraq Vote II for the repubs.
Ha,ha,yeah our deficit will be about 6 trillion by then,the government will control health care and we will be looking at 4,000 extra a year in light bills from cap and trade.Unemployment will still be at about 10%,inflation will be through the roof,interest rates will be higher,more foreclosures on corportate real estate.Yeah,sure,Obama will look fantastic.Please give me examples of the government taking over stuff where its worked out for the good.
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They will say that recent earnings reports show progress as do increased home sales. However, those reports are based on jobs cuts, not on increased overall revenues.
Even if a company eeked out an actual profit, it was usually accompanied by a sharp fall in revenue.
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Dow closes above 10,000 for 1st time in a year
By TIM PARADIS, AP Business Writer
NEW YORK – When the Dow Jones industrial average first passed 10,000, traders tossed commemorative caps and uncorked champagne. This time around, the feeling was more like relief.
The best-known barometer of the stock market entered five-figure territory again Wednesday, the most visible sign yet that investors believe the economy is clawing its way back from the worst downturn since the Depression.
The milestone caps a stunning 53 percent comeback for the Dow since early March, when stocks were at their lowest levels in more than a decade.
"It's almost like an announcement that the bear market is over," said Arthur Hogan, chief market analyst at Jefferies & Co. in Boston. "That is an eye-opener — 'Hey, you know what, things must be getting better because the Dow is over 10,000.'"
Cheers went up briefly when the Dow eclipsed the milestone in the early afternoon, during a daylong rally driven by encouraging earnings reports from Intel Corp. and JPMorgan Chase & Co. The average closed at 10,015.86, up 144.80 points.
It was the first time the Dow had touched 10,000 since October 2008, that time on the way down.
"I think there were times when we were in the deep part of the trough there back in the springtime when it felt like we'd never get back to this level," said Bernie McSherry, senior vice president of strategic initiatives at Cuttone & Co.
Ethan Harris, head of North America economics at Bank of America Merrill Lynch, described it as a "relief rally that the world is not coming to an end."
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Dow ends above 11,000 for first time in 18 months
Stocks climb after Greece loan agreement curbs default fears; Dow closes above 11,000
Stephen Bernard and Tim Paradis, AP Business Writers, On Monday April 12, 2010, 4:11 pm
NEW YORK (AP) -- The Dow Jones industrial average has closed above 11,000 for the first time in a year and a half.
A loan agreement for Greece and corporate takeover announcements Monday have nudged stocks higher. The news is lifting investors' hopes for the economic recovery.
The Dow is up 9 to close at 11,006. It is the Dow's first close above 11,000 since Sept. 26, 2008. It briefly topped 11,000 during trading Friday but faded by the close.
The Standard & Poor's 500 index is up 2 at 1,196. The Nasdaq composite index has gained 4 to 2,458.
Three stocks rose for every two that fell on the New York Stock Exchange. Volume came to 966 million shares compared with 1 billion Friday.
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Didnt it get to 14,000 under Bush?Yet libs call him an idiot.Very strange.Once again.
BUSH=54 CONSECUTIVE MONTHS OF JOB GROWTH
OBAMA=7 MILLION JOBS LOST.
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Govt taking over Banks - Check
Govt taking over GM - Check
Govt taking over Chrysler - Check
Govt stifling free speech - check
govt attempting to redistribute other peoples' wealth - check
You want more?
http://www.mybanktracker.com/bank-news/2009/12/14/citigroup-gets-its-chance-to-repay-20-billion-in-tarp-funds/ (http://www.mybanktracker.com/bank-news/2009/12/14/citigroup-gets-its-chance-to-repay-20-billion-in-tarp-funds/)
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http://www.mybanktracker.com/bank-news/2009/12/14/citigroup-gets-its-chance-to-repay-20-billion-in-tarp-funds/ (http://www.mybanktracker.com/bank-news/2009/12/14/citigroup-gets-its-chance-to-repay-20-billion-in-tarp-funds/)
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I guess being allowed to borrow money for 0% from the Government and then lend it out and jam higher interest rates on credit card holders, pay no interest on savings or checking accounts, sort of makes it kind of easy to do no?
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I guess being allowed to borrow money for 0% from the Government and then lend it out and jam higher interest rates on credit card holders, pay no interest on savings or checking accounts, sort of makes it kind of easy to do no?
No that doesnt make it right and you're absolutely correct with your above statement but that doesnt mean in any form or shape that they are taking over and controlling the banks from the top.
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No that doesnt make it right and you're absolutely correct with your above statement but that doesnt mean in any form or shape that they are taking over and controlling the banks from the top.
Check this book out when you get a chance.
It changed my entire way of thinking about banking and federal reserve.
These banks are robbing us blind along with govt.
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Didnt it get to 14,000 under Bush?Yet libs call him an idiot.Very strange.Once again.
BUSH=54 CONSECUTIVE MONTHS OF JOB GROWTH
OBAMA=7 MILLION JOBS LOST.
You make it sound like shit started happening under Obama not about 4 months before he took office. Let me refresh your memory Dow went down to 6000 soon after the financial meltdown. :o
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You make it sound like shit started happening under Obama not about 4 months before he took office. Let me refresh your memory Dow went down to 6000 soon after the financial meltdown. :o
The UE numbers started in Oct when it was Obvious Obama would win.Companies were smart enough to stop laying off because they knew this man would come in and PURPOSELY try to wreck the private sector.
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S&P crosses 1,200
NEW YORK (AP) -- Upbeat forecasts from Intel Corp. and JPMorgan Chase & Co. propelled stocks higher for a fifth day.
The gains Wednesday pushed the Standard & Poor's 500 index over the 1,200 mark for the first time in a year and a half. The Dow Jones industrial average rose about 85 points and move above 11,100.
The market made a broad advance on a range of signs that the economy is recovering. Federal Reserve Chairman Ben Bernanke told Congress' Joint Economic Committee that the recovery should hold but that high budget deficits must be addressed to avoid big jumps in interest rates.
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S&P crosses 1,200
The market made a broad advance on a range of signs that the economy is recovering.
That needle has been stuck on the same groove for a long time now.
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"BUSH=54 CONSECUTIVE MONTHS OF JOB GROWTH"
Just curious... serious Q here... is an increased number of military personnel included in the job numbers?
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the way the market continues to be destroyed; please keep up the good work; my portfolio has grown 32% so far this year!
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"BUSH=54 CONSECUTIVE MONTHS OF JOB GROWTH"
Just curious... serious Q here... is an increased number of military personnel included in the job numbers?
We grew 20K...big friggen deal.
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S&P crosses 1,200
NEW YORK (AP) -- Upbeat forecasts from Intel Corp. and JPMorgan Chase & Co. propelled stocks higher for a fifth day.
The gains Wednesday pushed the Standard & Poor's 500 index over the 1,200 mark for the first time in a year and a half. The Dow Jones industrial average rose about 85 points and move above 11,100.
The market made a broad advance on a range of signs that the economy is recovering. Federal Reserve Chairman Ben Bernanke told Congress' Joint Economic Committee that the recovery should hold but that high budget deficits must be addressed to avoid big jumps in interest rates.
BELOW 10,000 YOU MORON!
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Govt taking over Banks - Check
Govt taking over GM - Check
Govt taking over Chrysler - Check
Govt stifling free speech - check
govt attempting to redistribute other peoples' wealth - check
You want more?
HMM...did we take the bank over...So do the people who work in all the banks work for the government..
What about GM..TODAY..Right now...Are their employees working as government employees?
Hmm..free speach...yeah..whatever
Obama also phoned the swat team to beat up grandmothers too huh?
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"BUSH=54 CONSECUTIVE MONTHS OF JOB GROWTH"
Just curious... serious Q here... is an increased number of military personnel included in the job numbers?
Dont know,probably.But if we are going to not count government workers then the Obama numbers are even worse then people think because EVERY job that has been created under his watch is government jobs.
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Dont know,probably.But if we are going to not count government workers then the Obama numbers are even worse then people think because EVERY job that has been created under his watch is government jobs.
Yeah thats just wrong...There are insurance companies as well as medical groups that are holding massive fares as a result of the new bill..SCAN in Long Beach is doing massive hiring as a result
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ha ha ha Talk about being an obamabot.
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ha ha ha Talk about being an obamabot.
yeah but you havent said nothin..I know for sure this is happening..like for sure for sure...
while you make dumb ass hyperbole comments like a 17 year old girl describing an event in high school
Obama is gettin shit done..
You are a Palin follower...so :-\
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yeah but you havent said nothin..I know for sure this is happening..like for sure for sure...
while you make dumb ass hyperbole comments like a 17 year old girl describing an event in high school
Obama is gettin shit done..
You are a Palin follower...so :-\
lol. Palin's high school transcripts?? Just when you thought you've seen everything. :)
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Bump.
Were zooming right Benny?
::) ::) ::) ::)
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BUMP AGAIN FOR BENNY.
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Crickets!
ONLY FROM YOU AND BENNY 240.
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dow dropped 280 points with in 15 min of the start of trading today, after word got out that harry reid wanted a do over on financial reform bill, and as of 315 today dow is 376 down, wow real good for economy huh?
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Dow closes above 10,000 for 1st time in a year
By TIM PARADIS, AP Business Writer
NEW YORK – When the Dow Jones industrial average first passed 10,000, traders tossed commemorative caps and uncorked champagne. This time around, the feeling was more like relief.
The best-known barometer of the stock market entered five-figure territory again Wednesday, the most visible sign yet that investors believe the economy is clawing its way back from the worst downturn since the Depression.
The milestone caps a stunning 53 percent comeback for the Dow since early March, when stocks were at their lowest levels in more than a decade.
"It's almost like an announcement that the bear market is over," said Arthur Hogan, chief market analyst at Jefferies & Co. in Boston. "That is an eye-opener — 'Hey, you know what, things must be getting better because the Dow is over 10,000.'"
Cheers went up briefly when the Dow eclipsed the milestone in the early afternoon, during a daylong rally driven by encouraging earnings reports from Intel Corp. and JPMorgan Chase & Co. The average closed at 10,015.86, up 144.80 points.
It was the first time the Dow had touched 10,000 since October 2008, that time on the way down.
"I think there were times when we were in the deep part of the trough there back in the springtime when it felt like we'd never get back to this level," said Bernie McSherry, senior vice president of strategic initiatives at Cuttone & Co.
Ethan Harris, head of North America economics at Bank of America Merrill Lynch, described it as a "relief rally that the world is not coming to an end."
How are we doing a year later jackass?
Typical left wing fool.
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dow dropped 280 points with in 15 min of the start of trading today, after word got out that harry reid wanted a do over on financial reform bill, and as of 315 today dow is 376 down, wow real good for economy huh?
I'm sure the crises in Europe and turmoil all over the world didn't have ANYTHING to do with this.. ::)
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or the new jobless numbers
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Where are Benny and 240?
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they are waiting for general electrics news outlets to put a spin on this to make it sound good
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Benny & 240 - I will bump this till you jokers make peace with reality and truth.
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And what caused that Mr. Rubin?
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maybe job losses were up cause of the tornados in oklahoma ??? maybe thats it
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Bump for 240
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???
Bump for what? Obama didn't get any credit when he moved up DOW 4000 points, so I hardly see how you can blame him when it drops 400 poinds.
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Re: STOP RADICAL MARXIST OBAMA...HE IS DESTROYING THE MARKETS!!!
« Reply #2 on: March 14, 2009, 10:49:10 AM » Quote
--------------------------------------------------------------------------------
Crickets!
________________________ ________________________ _________________
You posted that in March 2009, over a year ago.
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obama did too get credit, all the idiots that support him wouldnt shut up about ooo ooo look the stim is working, i dont think the pres deserves credit for creating a couple thousand temp jobs though and the fact the he did that hardly means stim worked
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many ppl on getbig said Obama didn't get any credit for the DOW rising. I can accept that position - but only if he can't get any blame when it drops.
As far as the stim working, we will evaluate that after 18 months. We're not there yet.
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many ppl on getbig said Obama didn't get any credit for the DOW rising. I can accept that position - but only if he can't get any blame when it drops.
As far as the stim working, we will evaluate that after 18 months. We're not there yet.
And how far are we from that 240? In February 2009 you said give iy 18 months no?
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after 18 months job numbers wil be really bad when the census workers dont have jobs any longer and the job loss rate continues . I dont think obama is going to want to see those numbers come aug and sept.
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Once the census and stim bill ends, along with the end of UE, state budget layoffs, market collapse, we are headed for mad max.
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Once the census and stim bill ends, along with the end of UE, state budget layoffs, market collapse, we are headed for mad max.
;D
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what was the date the Stim bill passed and became law/implemented?
Signed into law by President Barack Obama on February 17, 2009
http://en.wikipedia.org/wiki/American_Recovery_and_Reinvestment_Act_of_2009
So yes, 18 months from that will be August 2010. I will evaluate the bill for effectiveness at that point. Anything before then would be holding a victory parade in the 3rd quarter.
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what was the date the Stim bill passed and became law/implemented?
Signed into law by President Barack Obama on February 17, 2009
http://en.wikipedia.org/wiki/American_Recovery_and_Reinvestment_Act_of_2009
So yes, 18 months from that will be August 2010. I will evaluate the bill for effectiveness at that point. Anything before then would be holding a victory parade in the 3rd quarter.
He promised at that time UE would not go above 8% correct?
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it was signed about 4 million jobs lost ago
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Can you list the goals of the stimulus as stated by the Obama campaign?
Not a chart. Obama and Biden's exact words - what they promised, and the listed goals of the stim bill.
33, do you consider the Iraq War to have been a success? I do. Even though we didn't reach 100% of our goals, overall it was a success. No complex victory achieves 100% of goals. That is unrealistic.
So if you believe you can determine the bill to be a failure (3 months before the end date), can you at least tell us the criterion you are using to make this evaluation? Thanks!
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Can you list the goals of the stimulus as stated by the Obama campaign?
Not a chart. Obama and Biden's exact words - what they promised, and the listed goals of the stim bill.
33, do you consider the Iraq War to have been a success? I do. Even though we didn't reach 100% of our goals, overall it was a success. No complex victory achieves 100% of goals. That is unrealistic.
So if you believe you can determine the bill to be a failure (3 months before the end date), can you at least tell us the criterion you are using to make this evaluation? Thanks!
The EXPLICIT PROMISES WERE 4 MILLION NEW JOBS 70% PRIVATE SECTOR AND UNEMPLOYMENT STAYING UNDER 8%.
ANYTHING LESS = FAILURE.
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well he also said this would be the most transparent admin ever, also said any bill he signed would never have an earmark, but hey !!
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The EXPLICIT PROMISES WERE 4 MILLION NEW JOBS 70% PRIVATE SECTOR AND UNEMPLOYMENT STAYING UNDER 8%.
Link?
ANYTHING LESS = FAILURE.
Soo.... Obama could create 3,999,999 new jobs, and that's a failure?
Can you name a SINGLE goal in american history which was achieved at 100%? Any war? Any economic policy? Anything? Are you calling america a failure? Not cool.
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jfk space program, all though there are cts, it has never been disproved moon before the end of the 60s
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The EXPLICIT PROMISES WERE 4 MILLION NEW JOBS 70% PRIVATE SECTOR AND UNEMPLOYMENT STAYING UNDER 8%.
Link?
ANYTHING LESS = FAILURE.
Soo.... Obama could create 3,999,999 new jobs, and that's a failure?
Can you name a SINGLE goal in american history which was achieved at 100%? Any war? Any economic policy? Anything? Are you calling america a failure? Not cool.
Ha ha ha. So in the next 3 months we are going to create 1.3 million jobs a month?
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bet in the next 3 months 1.3 mil jobs are lost
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Probably way more.
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yea , how many census workers are employed that will not be by aug?
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Well we know the radical mosque will still be getting its 23,000 a month to house the census staff in VA.
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so you can't link to the list of stim goals?
and you won't answer if 3,999,999 new jobs would be a failure?
come on dude, you start a debate, answer the Qs please.
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yes i know, thats enough to make a true american wanna puke i bet by the mid terms u.e. will be 12-13
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so you can't link to the list of stim goals?
and you won't answer if 3,999,999 new jobs would be a failure?
come on dude, you start a debate, answer the Qs please.
It doesnt matter cause its not going to happen.
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I'll look it up in a bit. I'm doing work and listening to on my my fellow paisans who passed away. RIP RDJ. A true NY Italo American hero.
240 - this is pure legend. They just dont make em like RJD anymore.
Check this out. Best version ever and way better than Ozzy.
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so a rock video will make me forget the Q I asked?
how many jobs is a failure, and how many is a success? List the number, please. If you believe you can quantify a failure, then please give us the number you are using.
Dont feel bad - most libs can't quantify how they feel about the iraq war either. They use emotion, but no numbers.
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Ha ha. The answer is nothing since no real jobs have been created.
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I see. So he could create 10 million new jobs and you'd still consider the bill a failure. We have your answer. Cool.
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The money used is from china borrowed for future generations to pay for. Do you realize how insane this?
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they are waiting for general electrics news outlets to put a spin on this to make it sound good
oh snap!
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"The money used is from china borrowed for future generations to pay for. Do you realize how insane this?"
Absolutely.
So you want to change the subject from "Rubric for stimulus success" to "The insanity of borrowing from china"?
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How we discuss the fact that the stim bill is disaster of epic measure and asking me questions based on impossible scenarios is a waste of time?
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BUMP FOR BENNY!
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BUMP FOR BENNY!
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BUMP FOR BENNY!
Yes, I LOVE it when this thread is bumped. ;D It was created primarily because of you, PEA BRAIN. Apparently the sarcasm of it's intention went right over your head, because you are dumber than dirt. LOL
So are you still of the mind that the president's general economic policies are the reason for the market's day to day fluctuations, PEA BRAIN?
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How is you call for a major crash in Gold working out Butthead?
Or your predictions for the Stim Bill?
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How is you call for a major crash in Gold working out Butthead?
Or your predictions for the Stim Bill?
When did I predict a "major crash in gold," PEA BRAIN? ???
The success of the Recovery Act? Sure, I'll take credit for that. ;D
(http://my.barackobama.com/page/smartproxy/www.barackobama.com/images/issues/economy/chart-480w-jobs-20100507.jpg)
*sigh*
Perhaps one day I'll take the time to explain to your dumb ass the intent and sarcasm of this thread. For now, I'll just continue to let its logic soar over your head. :-X
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Ha ha ha. A moronic chart of Pelosi.
Did you even read the lastest UE numbers fool?
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That chart deals with US job loss and growth numbers ..what's so difficult to understand??? There isn't any reference to UE
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And most of those are Temp. Govt hires which are not real jobs.
The POFS=in-Chief said the stim bill would create 70% private sector jobs, and the opposite of that is in fact true.
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And most of those are Temp. Govt hires which are not real jobs.
The POFS=in-Chief said the stim bill would create 70% private sector jobs, and the opposite of that is in fact true.
Nevertheless, if there will be a spike in UE and those jobs will be lost soon they will show up on that graphic at some point....am I correct?
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Yes, and it already is.
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BUMP FOR BENNY
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wait til the census is over you will see one hell of a spike
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BUMP FOR BENNY!
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I turned on NPR or whatever the other day and apparently the market, the economy and the oil spill are the fault of Ronald Reagan.
How about that...
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I remember the Reagan years very fondly growing up.
Regan was a giant, a patriot, a man who exhibited strength, leadership, and credbility, and gave the nation a sense of confidence and optimism.
What we have now is an associate professor communist/marxist who is trying to take us down as fast as he possibly can.
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BUMP -
YES - OBAMA IS A RADICAL MARXIST AND IS KILLING THE MARKETS WITH HIS GARBAGE AGENDA.
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U.S.EuropeAsiaGoldOil
Current DateTime: 12:12:18 04 Jun 2010
LinksList Documentid: 19874752
Expiration DateTime: 6/4/2010 12:13:52 PM
Dow Falls Over 300 as Selloff AcceleratesDow Jones Industrial Average
DOW9937.72-317.56-3.1%
NASDAQ2223.28-79.75-3.46%
S&P 5001066.61-36.22-3.28%
Current DateTime: 12:12:51 04 Jun 2010
LinksList Documentid: 19875171
Expiration DateTime: 6/4/2010 12:15:51 PM
US Jobs Data, SocGen Pulls Euro Shares LowerFTSE 100 Index
FTSE5126.0-85.18-1.63%
DAX5938.88-115.75-1.91%
CAC 403455.61-101.73-2.86%
Current DateTime: 12:12:38 04 Jun 2010
LinksList Documentid: 19875158
Expiration DateTime: 6/4/2010 12:15:38 PM
Asia Is Mixed Ahead of US Jobs DataHang Seng Index
HSI19780.07-6.64-0.03%
NIKKEI9901.19-13.00-0.13%
China2553.5930.937+0.04%
Current DateTime: 12:12:50 04 Jun 2010
LinksList Documentid: 33883549
Expiration DateTime: 6/4/2010 12:15:49 PM
Gold Recovers From Losses After US Jobs ReportGOLD FUTURES
GOLD1218.38.30+0.69%
SILVER17.43-0.501-2.79%
COPPER2.805-0.1415-4.8%
Current DateTime: 12:12:50 04 Jun 2010
LinksList Documentid: 25191830
Expiration DateTime: 6/4/2010 12:15:50 PM
Oil Finishes Below $72 on US Jobs Report, Euro LowsLight Sweet Crude
OIL71.18-3.43-4.6%
GAS1.9885-0.0927-4.45%
BRENT71.78-3.63-4.81%
MARKET BUZZ
Current DateTime: 12:13:11 04 Jun 2010
LinksList Documentid: 19977009
Expiration DateTime: 6/4/2010 12:14:09 PM
Schork: Will Oil-Spill Rules Kill Jobs?Why Euro May RISE to $1.60: EconomistWhy Unemployment Won't Die: MoriciTraders: Smaller Europe Markets FallingDow 30 Stocks — in Real TimeNew Trading Rules Set for Next Week?
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www.businessinsider.com
Markets Fall Hard AGAIN: Here's What You Need To Know
x Email ArticleFrom To Email Sent!You have successfully shared the post.
Buzz
Joe Weisenthal | Jun. 7, 2010, 4:00 PM | 2,354 | 24
Another day, another disappointment for the markets. This one was particularly bitter, because after last night's overseas losses, US bulls actually were putting together a run in early action.
But first, here's the scoreboard:
Dow: -120
S&P 500: -15
NASDAQ: -46
And now, the big story of the day:
It's getting harder and harder to argue that we're not in a new bear market. The default is to sell. When there's no huge news folks are selling. Even when world leaders seem to have their act together (Hungary getting in line, the G20, etc.) the market is selling off.
The big news in the US today was the launch of the much-anticipated iPhone 4. You can follow our complete coverage of it here.
In the financial space, the day was characterized by news that Goldman Sachs (GS) got into a spat with the Financial Crisis Inquiry Commission, which accused the Wall Street bank of dropping too many documents on it, and forcing the panel to play "Where's Waldo." The stock fell 3% today. Overall, the financial index, as measured by the XLF fell about 2%.
In line with the global austerity trend, Germany released its new budget. Learn more about it here.
Tags: Closing Bell
Read more: http://www.businessinsider.com/closing-bell-june-7-2010-6#ixzz0qCsT4MwM
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Gold is only a little ways away from all time high again but after that it'll crash back down to 300, just like Markos said it would. ::) Were are Benny Bitchface and Markos anyway?
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i have to think - IF that chart were backwards...
if Obama had inherited things at the TOP of job surplus - and had dropped that number - that chart would be the #1 thing posted 24/7 here.
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Gold is only a little ways away from all time high again but after that it'll crash back down to 300, just like Markos said it would. ::) Were are Benny Bitchface and Markos anyway?
I'm gonna keep bumping this thread until Buttface appears.
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Dow tops 11,000 for 1st time since May
Friday, October 8, 2010
Investors ignore a weak jobs report. Instead, they focus on a lower dollar and potentially lower interest rates, pushing stocks higher. Food processors drop as grain stocks shrink.
NEW YORK (AP) -- Stocks rose Friday after another weak report on unemployment added to expectations that the Federal Reserve will step in to prop up the economy. The Dow Jones industrial average climbed above 11,000 for the first time since early May.
High unemployment remains a major hurdle as economic growth continues to be sluggish. The Labor Department's report, considered the most important piece of news on the economic calendar, did little to alter the view that the economy remains weak.
While job creation remains scarce, however, there could be a silver lining. Expectations are growing that the Federal Reserve will try to stimulate the economy by stepping up its purchases of government bonds. The gloomy jobs report could give the Fed more incentive to act.
Jason Pride, director of investment strategy at wealth management firm Glenmede, said "by not being stronger, (the jobs report) gives them the window of opportunity to take action."
Anticipation of the Fed making a move has driven bond yields and the dollar sharply lower in recent days. Bond yields fell again Friday after the jobs report was released. The yield on the two-year note hit a new record low, but the dollar crept slightly higher.
The Fed's goal, if it starts buying bonds again, would be to drive interest rates down further from their already low levels and spark borrowing and spending. Lower rates could also eventually drive investors into riskier assets like stocks or into currencies in countries with more attractive interest rates.
Scott Brown, a senior vice president and chief economist at Raymond James & Associates, predicted the Fed would announce a specific plan when it wraps up its next meeting Nov. 3. But Brown warned not to expect an immediate improvement in the economy after the Fed starts buying bonds again.
"It's a long process. It doesn't happen overnight," Brown said. "The key factor in a recovery is time."
The Dow rose 67.51, or 0.6 percent, 11,016.09 in late afternoon trading. It hadn't traded above the psychological 11,000 barrier since May 4 just days before the "flash crash" spooked investors and added to a broad sell-off during the spring.
The Standard & Poor's 500 index rose 7.79, or 0.7 percent, to 1,165.85, while the Nasdaq composite index rose 20.18, or 0.9 percent, to 2,403.85.
About three stocks rose for every two that fell on the New York Stock Exchange where volume came to 640 million shares.
The yield on the 10-year Treasury note, which helps set rates on loans including mortgages, fell to 2.37 percent from 2.38 percent late Thursday.
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Gold is only a little ways away from all time high again but after that it'll crash back down to 300, just like Markos said it would. ::) Were are Benny Bitchface and Markos anyway?
idiot
I'm gonna keep bumping this thread until Buttface appears.
D'oh!
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Ha ha ha.
17.15 UE U6 nuber you jackass. 95,000 job losses last month, QE2 coming because obama's policies SUCK, Gold going to record highs, etc etc.
Benny = dumbest posted on this site.
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David Rosenberg: Here's The Most Damning Stat Of Today's Jobs Report
Joe Weisenthal | Oct. 8, 2010, 1:54 PM | 1,224 | 5
________________________ ________________________ ______
David Rosenberg of Gluskin-Sheff boils today's ugly jobs number into one key point:
As far as the September data is concerned, the key was that excluding the Census worker layoffs, payrolls fell 18,000. Full stop. This marks the first time since December 2009 that the underlying level of nonfarm payrolls fell in a month. So perhaps the equity market will rally on hopes that a weak economy will spur on more aggressive Fed intervention. Make no mistake, the economy is on very soft ground, especially benchmarked to all the steroids that have already been injected in terms of monetary, fiscal and bailout stimulus. This economy is still 7.75 million jobs shy of where it was when the Great Recession began in late 2007 — by this stage of the cycle, what is normal is that we are either at a new peak or well on our way.
Click here for all the ugly details behind today's jobs report >
Read more: http://www.businessinsider.com/david-rosenberg-heres-the-most-damning-stat-of-todays-jobs-repport-2010-10#ixzz11nh4Ebwh
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Ha ha ha.
17.15 UE U6 nuber you jackass. 95,000 job losses last month, QE2 coming because obama's policies SUCK, Gold going to record highs, etc etc.
Benny = dumbest posted on this site.
None of this has anything to do with the markets. You claimed Obama was destroying the financial markets, yet his POLICIES have brought the market from 6500 to 11000. That's a lot of people's retirement savings getting back to a level pre-financial crisis.
333345678= PEA BRAINed IDIOT.
You raced to this thread when the market took a dip, all because you were too stupid to realize the overall trend of the markets was upwards, and that the European induced dip was bound to wind down and be contained.
Another "Swing and a Miss" for PEA BRAIN! ;D ;D
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The "markets" are completely dislocated from the actual economy, meaning you and me and "main street". The U.E. report was awful but the market was up...why? Because the market was betting (literally) on the Fed beginning another round of QE....this means that the economy is bad and getting worse so the FED must pump more adrenaline into the corpse to keep it "alive". That's it. It wasn't up because the actual economy was getting better or the prospects of the economy were better...no, it was up because the hope that the FED would begin another round of cheap money, POMO and QE bullshit.
Hope this helps.
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The "markets" are completely dislocated from the actual economy, meaning you and me and "main street".
Tell that to the millions working and seeing their retirement nest egg rise (401K). ;)
Hope this helps.
Not in the slightest.
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None of this has anything to do with the markets. You claimed Obama was destroying the financial markets, yet his POLICIES have brought the market from 6500 to 11000. That's a lot of people's retirement savings getting back to a level pre-financial crisis.
333345678= PEA BRAINed IDIOT.
You raced to this thread when the market took a dip, all because you were too stupid to realize the overall trend of the markets was upwards, and that the European induced dip was bound to wind down and be contained.
Another "Swing and a Miss" for PEA BRAIN! ;D ;D
So according to your logic Obama is also responsible for greatly increasing UE correct?
Or is it that you only want to give credit for perceived successes, but still blame others for the failures/
By the way jerkoff, how is that crash in gold you called for?
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So according to your logic Obama is also responsible for greatly increasing UE correct?
No
By the way jerkoff, how is that crash in gold you called for?
LOL
When was this? Lies...time to run away and avoid THAT question again! ;D
How did that stop of the stimulus plan work out for you, PEA BRAIN? How is that promise that health care reform would never pass go down, PB?
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;D
_________________
Teacher Who Served as Symbol of Jobs Measure Gets Laid Off
The Wall Street Journal ^ | 10-09-10 | JUSTIN LAHART
Posted on Friday, October 08, 2010 8:58:33 PM by GOP_Lady
For a while, it looked like a federal measure aimed at supporting teachers and other state and local workers had helped save Amanda VanNess's job. It turned out it was only a temporary reprieve.
In July, the 25-year-old Ms. VanNess lost her job teaching kindergarten at Pickett Elementary School in Toledo, Ohio, as a result of cuts that came after voters rejected an income-tax increase aimed at shoring up a budget deficit at the Toledo Public School District.
In August, the White House had contacted Ms. VanNess's union and invited her to Washington to watch as the House, in a special one-day session, passed a $26 billion plan to save teachers' jobs, and then to stand by President Barack Obama as he signed the bill in the Oval Office.
"The idea was, with this bill passing, it was going to give teachers a better chance of being called back," Ms. VanNess said.
(Excerpt) Read more at online.wsj.com ...
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;D
???
Wrong thread, dipshit.
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???
Wrong thread, dipshit.
I just an opportunity to rub in your face the complete failure of the admn you have spent three years kneepadding for.
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I just an opportunity to rub in your face the complete failure of the admn you have spent three years kneepadding for.
It didn't work, sorry PEA BRAIN. "I just an opportunity?" ???
Keep whining and crying, maybe someday it'll work out for you! :-\
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Hey, 33386 you know what I was thinking the other day?
Obama is not even halfway through his first term. In other words, your (at least) four year melt down still has a long way to go.
You've got to pace yourself, buddy.
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Hey, 33386 you know what I was thinking the other day?
Obama is not even halfway through his first term. In other words, your (at least) four year melt down still has a long way to go.
You've got to pace yourself, buddy.
Nah - after the epic destruction that will occur in a few weeks essentially ending the obama presidency, I predict he will come down with some mysterious illness related to his smoking and drinking, resign, and let Hillary run in 2012.
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Hey, 33386 you know what I was thinking the other day?
Obama is not even halfway through his first term. In other words, your (at least) four year melt down still has a long way to go.
You've got to pace yourself, buddy.
yup. every time i read the obama posts i smile; for 8 years I had the same feelings for the shrub bush. enjoy the angst of the other side.
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No
LOL
When was this? Lies...time to run away and avoid THAT question again! ;D
How did that stop of the stimulus plan work out for you, PEA BRAIN? How is that promise that health care reform would never pass go down, PB?
Someones 401k doing "well" because of Fed manipulation, inflation, 0% interest rates and all sorts of other gimmicks does not = good for main street as the real economy is still flatlined. How are those 401ks going to look when basic commodities, gas, oil, food, heating oil spike further in price because of said Govt./Fed gimmicks that pump those 401ks up? Does the inflation help the 10% unemployed? How about the 17% (up from the last report) underemployed? Does the inflated DOW help them?
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Someones 401k doing "well" because of Fed manipulation, inflation, 0% interest rates and all sorts of other gimmicks does not = good for main street as the real economy is still flatlined. How are those 401ks going to look when basic commodities, gas, oil, food, heating oil spike further in price because of said Govt./Fed gimmicks that pump those 401ks up? Does the inflation help the 10% unemployed? How about the 17% (up from the last report) underemployed? Does the inflated DOW help them?
401k' still greatly below where they were in 2007 does not pay the mortgage or put food on the table.
Benny is so desperate to look for anything to try to support this horrific "Miracle Presidency" he shilled for that he will grasp at anythuing, regardless of how idiotic it is,.
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NEW YORK (AP) --
The Dow Jones industrial average rose 199.51, or 1.7 percent, to 11,414.82 in afternoon trading, a day after closing at its highest level since September 2008.
The dollar fell against other currencies as traders anticipated lower U.S. interest rates because of the Fed's massive bond-buying program announced Wednesday. Commodities prices including crude oil rose.
Retailers reported solid sales in October, sending shares of major retailing companies sharply higher. Gap Inc. rose 6.4 percent while Macy's Inc. jumped 7.4 percent.
"Those retail numbers are telling us that the holiday season is going to get off to a good start," said Stephen Jones, the chairman of Jones Villalta Funds.
The Standard and Poor's 500 index rose 18.53, or 1.5 percent, to 1,216.49, coming within range of its highest closing level this year. The technology-heavy Nasdaq composite index rose 31.37, or 1.2 percent, to 2,571.64
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::) ::)
Yeah Trillion is Fed funny money devaluing the dollar didnt hurt much you dope. ::) ::)
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Dow hits 30-month high; gold slumps
By Charley Blaine on Fri, Jan 14
Stocks pushed higher after JPMorgan Chase (JPM) reported a 47% increase in profits today and Intel (INTC) beat estimates in an earnings report late Thursday.
The Dow Jones industrials ($INDU) finished at a 2 1/2-year high.
While financial stocks led the market, sharp drops in the prices of gold and silver and lower energy prices pulled metals shares lower.
In addition, China's new efforts to rein in the inflationary pressures on its economy and a disappointment in U.S. retail sales in December were keeping the stock market in check.
The Dow closed up 55 points to 11,787, its best close since June 25, 2008. The Standard & Poor's 500 Index ($INX) added 9 points to 1,293, its best close since Aug. 28, 2008.
The Nasdaq Composite Index ($COMPX) was up 20 points to 2,755. The close was its best since Nov. 6, 2007, and the index is now within 4% of its all-time high on Oct. 31, 2007.
Markets will be closed Monday for the Martin Luther King holiday.
As the rally strengthened, interest rates began to move higher. The 10-year Treasury note was yielding 3.333%, up from Thursday's 3.301%.
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Dow hits 30-month high; gold slumps
By Charley Blaine on Fri, Jan 14
Stocks pushed higher after JPMorgan Chase (JPM) reported a 47% increase in profits today and Intel (INTC) beat estimates in an earnings report late Thursday.
The Dow Jones industrials ($INDU) finished at a 2 1/2-year high.
While financial stocks led the market, sharp drops in the prices of gold and silver and lower energy prices pulled metals shares lower.
In addition, China's new efforts to rein in the inflationary pressures on its economy and a disappointment in U.S. retail sales in December were keeping the stock market in check.
The Dow closed up 55 points to 11,787, its best close since June 25, 2008. The Standard & Poor's 500 Index ($INX) added 9 points to 1,293, its best close since Aug. 28, 2008.
The Nasdaq Composite Index ($COMPX) was up 20 points to 2,755. The close was its best since Nov. 6, 2007, and the index is now within 4% of its all-time high on Oct. 31, 2007.
Markets will be closed Monday for the Martin Luther King holiday.
As the rally strengthened, interest rates began to move higher. The 10-year Treasury note was yielding 3.333%, up from Thursday's 3.301%.
Sell all your gold before its too late! lol ::)
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Obama and the fed are pulling a pump and dump scheme with QE2. Only kneepadders like benny buy into this malarchy that anything real has changed.
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According to this chart gold should be back to 800 any day now. The recovery is in full swing.
(http://www.kitco.com/LFgif/au0182nyb.gif)
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According to this chart gold should be back to 800 any day now. The recovery is in full swing.
(http://www.kitco.com/LFgif/au0182nyb.gif)
who will sponsor Glenn Beck then ???? ::) :o
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Dow has first close above 12,000 in 2 1/2 years
Dow has first close above 12,000 in 2 1/2 years on improving earnings, manufacturing
David K. Randall, AP Business Writer, On Tuesday February 1, 2011, 4:07 pm
NEW YORK (AP) -- The Dow Jones industrial average has closed above 12,000 for the first time in 2 1/2 years -- yet another sign that the economy is extending its recovery from the recession.
Another big stock market index, the Standard & Poor's 500, reached a milestone of its own Tuesday. It closed above 1,300.
Investors found plenty of reasons to send stocks sharply higher. Earnings reports from companies including Pfizer, UPS and Archer Daniels Midland were better than expected. And manufacturing had another good month in January.
According to preliminary calculations, the Dow, which fell to a low of 6,547 in March 2009, soared 148 points, or 1.3 percent, Tuesday to 12,040.16.
The S&P 500 rose 21, or 1.7 percent, to 1,307.59, its first close above 1,300 since August 2008.
The Nasdaq rose 51, or 1.9 percent, to 2,751.19
Volume on the New York Stock Exchange came to 1.1 billion shares. Five stocks rose for every one that fell.
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Honestly the dow doesnt represent how the economy is doing. Thats just wealthy people trading money around.
GDP is what you look for and its not good. Im very pissed that obama gave all our money to the banks and they spent it on bonuses for record profits. Then they never released it to the common man on main street to build a business with. Thus it is all an illusion of what is really happening on MAIN street.
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Honestly the dow doesnt represent how the economy is doing. Thats just wealthy people trading money around.
GDP is what you look for and its not good. Im very pissed that obama gave all our money to the banks and they spent it on bonuses for record profits. Then they never released it to the common man on main street to build a business with. Thus it is all an illusion of what is really happening on MAIN street.
Good Post. The Fed prints and loans out tons of hot money which finds itself being used to speculate on stocks and commodities. How many Middle class Americans are invested in the stock market in any appreciable degree? The Dow couuld go to 20,000 and the U.E. would still be where it is at today, it's just inlfation, a devalued dollar and money printing...it isn't hard to figure out. The banks and those closest to the inflation (large corporations, defense, the govt.) all benefit immensely from it. Everyone else....not so much, have you seen the cost of cotton,bread, basic staples and oil/gas?
Don't be fooled by the Fed/Bank/Govt. propoganda machine. Even Greenspan spoke of the wealth "effect" where "normal" people (sheep) see the stock market, 401ks, IRA's go up and think they are wealthy so their mind set doesn't change and the real stuff like gasoline, their stagnant wages, the U.E. level, mortgage, savings account interest, the purchasing power of the dollar etc all go by the wayside.
On a side not, sort of, the cost of inputs is surging right now....the real deal inflation that can't be spun and kept hidden by Wal-Mart and slave labor in the 3rd world will soon follow.
Don't fall for it.
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Thu, Apr 21, 2011, 5:50pm EDT - US Markets are closed
Blue chip earnings push stock indexes higher
Apple, UnitedHealth beat earnings estimates; Dow average hits another 2011 high
NEW YORK (AP) -- Strong earnings reports from big companies including Apple Inc. and UnitedHealth Group Inc. lifted stocks across the market Thursday.
The Dow Jones industrial average closed at another 2011 high. The 30-company index rose 52.45 points, or 0.4 percent, to 12,505.99.
"There are a lot of concerns out there, but investors are looking at the bottom line right now, and that's earnings," said Yu-Dee Chang, the chief trader at ACE Investment Strategists, a money management firm based in Virginia.
The Standard & Poor's 500 index gained 7.02, or 0.5 percent, to 1,337.38. The S&P 500, a benchmark for most mutual funds, is now less than 6 points away from its highest close of 2011.
The gains were broad. All 10 company groups that make up the S&P index rose, led by a nearly 1 percent gain in technology companies.
The Nasdaq composite index rose 17.65 points, or 0.6 percent, to 2,820.16.
Apple Inc. rose nearly 3 percent after reporting sales and income late Wednesday that came in way ahead of analysts' estimates. The company sold 18.7 million iPhones in the latest quarter, millions more than expected. Verizon Wireless started selling the phones in February, ending three and a half years of exclusivity by AT&T Inc.
The Travelers Companies Inc. rose nearly 4 percent, leading the 30 companies in the Dow average, after reporting stronger earnings and a 14 percent dividend increase. The commercial insurer benefited from a drop in losses from catastrophe claims and more companies buying insurance.
UnitedHealth jumped 8 percent after the health insurer said profits rose 13 percent as more employees signed up for coverage.
The stronger earnings results were tempered by weaker-than-expected economic reports. The Labor Department said Thursday that the number of people who applied for unemployment benefits fell last week to 403,000. Economists had expected a larger drop. A separate report from the Federal Reserve Bank of Philadelphia found that manufacturing activity in the Philadelphia area fell in April.
Other companies in the Dow fell after investors found worrying signs in their earnings reports.
McDonald's Corp. fell nearly 2 percent, despite beating analyst's earnings estimates, after the company said it expects the cost of most of its ingredients to rise by as much as 5 percent throughout the year.
General Electric Co. dropped 2 percent, also despite beating estimates. The company said revenues at its industrial businesses were not growing as quickly as the company's rivals.
Two stocks rose for every one that fell on the New York Stock Exchange. Consolidated volume came to 3.7 billion shares.
Markets will be closed on Friday for the Good Friday holiday.
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Thu, Apr 21, 2011, 5:50pm EDT - US Markets are closed
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Blue chip earnings push stock indexes higher
Apple, UnitedHealth beat earnings estimates; Dow average hits another 2011 high
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FILE - In this file photo taken March 16, 2011, traders work on the floor of the New York Stock Exchange. Upbeat U.S. earnings buoyed stock markets around the world Thursday, April 21, ahead of another round of company reports, while the euro neared a one-and-a-half year high against the dollar as investors were willing to take on more risky trades. (AP Photo, file)
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Matthew Craft and David K. Randall, AP Business Writers, On Thursday April 21, 2011, 4:58 pm
NEW YORK (AP) -- Strong earnings reports from big companies including Apple Inc. and UnitedHealth Group Inc. lifted stocks across the market Thursday.
The Dow Jones industrial average closed at another 2011 high. The 30-company index rose 52.45 points, or 0.4 percent, to 12,505.99.
"There are a lot of concerns out there, but investors are looking at the bottom line right now, and that's earnings," said Yu-Dee Chang, the chief trader at ACE Investment Strategists, a money management firm based in Virginia.
The Standard & Poor's 500 index gained 7.02, or 0.5 percent, to 1,337.38. The S&P 500, a benchmark for most mutual funds, is now less than 6 points away from its highest close of 2011.
The gains were broad. All 10 company groups that make up the S&P index rose, led by a nearly 1 percent gain in technology companies.
The Nasdaq composite index rose 17.65 points, or 0.6 percent, to 2,820.16.
Apple Inc. rose nearly 3 percent after reporting sales and income late Wednesday that came in way ahead of analysts' estimates. The company sold 18.7 million iPhones in the latest quarter, millions more than expected. Verizon Wireless started selling the phones in February, ending three and a half years of exclusivity by AT&T Inc.
The Travelers Companies Inc. rose nearly 4 percent, leading the 30 companies in the Dow average, after reporting stronger earnings and a 14 percent dividend increase. The commercial insurer benefited from a drop in losses from catastrophe claims and more companies buying insurance.
UnitedHealth jumped 8 percent after the health insurer said profits rose 13 percent as more employees signed up for coverage.
The stronger earnings results were tempered by weaker-than-expected economic reports. The Labor Department said Thursday that the number of people who applied for unemployment benefits fell last week to 403,000. Economists had expected a larger drop. A separate report from the Federal Reserve Bank of Philadelphia found that manufacturing activity in the Philadelphia area fell in April.
Other companies in the Dow fell after investors found worrying signs in their earnings reports.
McDonald's Corp. fell nearly 2 percent, despite beating analyst's earnings estimates, after the company said it expects the cost of most of its ingredients to rise by as much as 5 percent throughout the year.
General Electric Co. dropped 2 percent, also despite beating estimates. The company said revenues at its industrial businesses were not growing as quickly as the company's rivals.
Two stocks rose for every one that fell on the New York Stock Exchange. Consolidated volume came to 3.7 billion shares.
Markets will be closed on Friday for the Good Friday holiday.
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Related Headlines
* April 21, 2011: Market Summary - at Investopedia
* Earnings Propel Stocks - at The Wall Street Journal
* One Difference Between Apple's Music Locker and Amazon's: Label Deals - at AllThingsD
* AT&T's iPhone Excuse, and Other Merger Nuggets - at The Wall Street Journal
* Top 3 Reasons Markets were Up Like Kevin Durant - Wall St. Cheat Sheet
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A Yahoo! User
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A Yahoo! User 16 minutes ago Report Abuse
fraud, qe2, wall street, bankers, corporations, glen beck, world is ending, gold, silver, tea party, ammo, food, jobs, gas, phony stock market, commodities, speculators, trillions, crash.
I say bring it on.
single malt & kobe steak for dinner tonight.
If it's all going to end might as well enjoy it rather than whine on public forums.
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Paul
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Paul 17 minutes ago Report Abuse
Wait until Qe2 is over and see what happens to that stock market. Down 20 percent or better.
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Deezee
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Deezee 22 minutes ago Report Abuse
Look at my EARNINGS, not the debt I've rolled over. That is the name of the game.
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Average Joe
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Average Joe 24 minutes ago Report Abuse
Confucius say....when you bite the bullet..... you get lead poisoning.
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A Yahoo! User
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A Yahoo! User 27 minutes ago Report Abuse
Since they are doing so great why don't we end QE2 ??
Answer: Because it's a lie. The freeloaders can't make it on their own.
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John
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John 28 minutes ago Report Abuse
I'm all in LOL LOL LOL LOL LOL LOL
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Deezee
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Deezee 28 minutes ago Report Abuse
Borrow Print Trillions- POOF everyone in Corporate America is profitable! Its AMAZING
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NEO
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NEO 32 minutes ago Report Abuse
Buy gold, silver, an oil. The world is falling apart...lol
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whited
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whited 34 minutes ago Report Abuse
AP (American Propaganda) still thinks we believe this crap they print. Government money counterfeiters are the only thing holding up the phony stock market.
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A Yahoo! User
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A Yahoo! User 35 minutes ago Report Abuse
Fraud street will soon be filling out applications at McDonalds.....LMAO
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Wow.
The S&P changed its outlook to poor, were going to hit the debt limit this week, other countries are moving away from the dollar, and youre still trying to prove 333 wrong and defend Obama?
Youll probably still be defending him and attacking 333 if he held a press conference, laughed and told the country his whole purpose was to bankrupt the country and introduce communism.
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NEW YORK (AP) -- The Dow Jones industrial average is closing higher after Caterpillar reported a huge gain in first-quarter earnings.
The world's largest maker of mining and construction equipment rose 3 percent Friday after its earnings increased more than five-fold.
The Dow added 4 percent in April, its best month since December.
The Dow rose 47 points, or 0.4 percent, to close at 12,811. Caterpillar accounted for a large part of those gains. The company's stock has soared over the past year on booming demand for its products.
The S&P 500 rose 3 points, or 0.2 percent, to close at 1,364. The Nasdaq composite added 1 point to 2,874.
Two stocks rose for every one that fell on the New York Stock Exchange. Trading volume was 3.7 billion shares.
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NEW YORK (AP) -- The Dow Jones industrial average is closing higher after Caterpillar reported a huge gain in first-quarter earnings.
The world's largest maker of mining and construction equipment rose 3 percent Friday after its earnings increased more than five-fold.
The Dow added 4 percent in April, its best month since December.
The Dow rose 47 points, or 0.4 percent, to close at 12,811. Caterpillar accounted for a large part of those gains. The company's stock has soared over the past year on booming demand for its products.
The S&P 500 rose 3 points, or 0.2 percent, to close at 1,364. The Nasdaq composite added 1 point to 2,874.
Two stocks rose for every one that fell on the New York Stock Exchange. Trading volume was 3.7 billion shares.
Oh man..... ::)
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Ceo of the black chamber of commerce called bama a marxist. And he voted for him!
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That stock markets up alright....
How is that working out for gas prices? food prices? producer prices? prices of inputs?
How about the 9% U.E.?
Tanking housing prices?
Record numbers of foreclosures ?
Record number of people on food stamps?
Millions of people that have stopped looking for work?
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That stock markets up alright....
How is that working out for gas prices? food prices? producer prices? prices of inputs?
How about the 9% U.E.?
Tanking housing prices?
Record numbers of foreclosures ?
Record number of people on food stamps?
Millions of people that have stopped looking for work?
The interest is up and the Stock Market's down
And you only get mugged
If you go downtown
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BUMP
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DOW plunges 400 points in panic selloff
fox43.com ^ | 4 Aug 2011 | Annalyn Censky
NEW YORK -- Stocks plunged Thursday, with the Dow tumbling 400 points to hit its lowest level since December, as global economic fears gripped the market.
U.S. markets were already sharply lower on widespread worries, including the weak job market. But the selling gained momentum as Japanese and European policymakers stepped in with dramatic measures to shore up their financial markets.
There's "total fear" in the market, said Bob Doll, chief equity strategist at the world's largest money manager, BlackRock.
All three major indexes tumbled more than 3% Thursday and erased all their gains for the year. The indexes have also pushed into 'correction' territory - defined as a 10% drop from their highs earlier this year. Over the past 10 days alone, the Dow, S&P 500 and Nasdaq have dropped more than 8%.
"In the last two weeks, we've been through the ringer," said Rich Ilczyszyn, market strategist with futures broker Lind-Waldock. "When we start looking at the recovery, there's nothing to hang our hats on anymore."
The market's fear gauge -- the VIX -- surged 18% to a reading of 27.6. That's still just shy of 30 -- the level that signals a high degree of fear. With the VIX up 57% from the start of the year, it's clear that fear has been escalating.
In afternoon trading Thursday, the Dow Jones industrial average was down 400 points, or 3.3%, with Alcoa, Caterpillar and Bank of America among the biggest drags on the blue chip index. The only gainer was Kraft, following news that the company plans to split itself in two.
The S&P 500 was down a staggering 44 points, or 3.5%.
(Excerpt) Read more at fox43.com ...
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Wait a second, wasn't this supposed to happen if they didn't come to an agreement on the debt ceiling? Sounds strangely like if we don't pass the stimulus unemployment will go over 8%, or if we don't pass obamacare people will be dieing in the streets.
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Wait a second, wasn't this supposed to happen if they didn't come to an agreement on the debt ceiling? Sounds strangely like if we don't pass the stimulus unemployment will go over 8%, or if we don't pass obamacare people will be dieing in the streets.
More Hoax and Chains.
They should have shut the govt down until they stopped this radical freakshow admn from having access to the nations' credit cards.
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lol
you were saying!!?
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Geithner stays and the market tanks
MarketWatch ^ | 8/4/11 | MarketWatch
Of course, that is very unfair to Geithner, but there’s a kernel of truth to it. It’s not simply that the U.S. economy is in danger of falling back into recession (on cue — “we never left it”), or that the euro-zone debt situation threatens to spiral out of control. It’s that there is a lack of confidence globally that these problems can be addressed by policy makers.
If there’s anything that the debt-ceiling debate demonstrated, it’s that current politics don’t allow for stimulus, whether that’s new spending the White House prefers or the tax breaks Republicans favor. Even relatively minor initiatives can’t get through; no-brainers like reauthorizing funding for the Federal Aviation Administration are locked in byzantine battles
(Excerpt) Read more at marketwatch.com ...
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Wow - less than 500 points.
Disaster
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I suspect we won't see Benny Le douche defend this thread now.
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Hey Benny - why are you hiding you racist little prick?
And where is your other little racist shoe shine bitch Andre to tell me how my ass is getting kicked?
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Bump.
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Taking a break from the lawyer duties and making the rounds today, are we?
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BUMP
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I remember when Benny had a nice harden for Bank of America.
Now:
NEW YORK (CNNMoney) -- Bank of America shares plunged 20% Monday, fueled in part by a steep selloff in the broader market and news that insurer American International Group is suing it for billions of dollars over alleged mortgage securities fraud.
Bank of America (BAC, Fortune 500), the nation's largest bank, tumbled more than 20% while shares of AIG (AIG, Fortune 500) fell 10% on Monday. Bank of America has already lost nearly 49% of its value this year, while AIG has tumbled more than 59%.
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I remember when Benny had a nice harden for Bank of America.
Now:
NEW YORK (CNNMoney) -- Bank of America shares plunged 20% Monday, fueled in part by a steep selloff in the broader market and news that insurer American International Group is suing it for billions of dollars over alleged mortgage securities fraud.
Bank of America (BAC, Fortune 500), the nation's largest bank, tumbled more than 20% while shares of AIG (AIG, Fortune 500) fell 10% on Monday. Bank of America has already lost nearly 49% of its value this year, while AIG has tumbled more than 59%.
Not only does the Emperor have no clothes....no one has any clothes. As has been stated on here many times, the banks are still not healthy or solvent. They grew bigger and more leveraged but that's about it.
Bad things ahead. I'm guessing the massive, and I mean MASSIVE, govt./fed intervention in the global markets today will lead to some sort of gain in the global markets or at least a smaller decline. Either way, don't buy the head fake.
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BUMP for the missing ghost Benny
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Bump so you can have 100 hate threads going simultaneously while still being a top notch lawyer with a gf who understands.
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Bump so you can have 100 hate threads going simultaneously while still being a top notch lawyer with a gf who understands.
whoa!
what....?
a 'gf' ?
how did that happen?
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BUMP