PLYMCO_PILGRIM
Gold Member
Not really....
NEW YORK (CNNMoney.com) -- Stocks sustained gains Wednesday after the Federal Reserve held interest rates near historic lows and signaled the economy has finally started to stabilize.
The Dow Jones industrial average (INDU) added 120 points, or 1.3%, giving up bigger gains. The S&P 500 (SPX) index rose 11 points, or 1.1%. The Nasdaq composite (COMP) advanced 29 points, or 1.5%.
Wall Street rallied leading up to the Fed announcement as signs of improvement in the housing market pushed investors back into stocks following a two-day retreat.
The market seesawed a bit after the announcement, with the Dow, Nasdaq and S&P 500 pushing toward fresh 2009 highs, before trimming those gains by the close.
"The Fed reinforced what investors already knew, that the economy has gotten a little better," said James Barnes, fixed income portfolio manager at National Penn Investors Trust.
CNNMoney.com Market Report - Aug. 12, 2009
Just remember to be intelectually honest chris. Now ANYTHING that happens to the economy is 100% obama's baby according to you.
If it keeps getting better its because of Obama's Plans
If it gets worse its because of Obama's plans.
Just wait until his record national defecit and debt spending catches up to us......just remember when it does who made it happen, Obama.
And I hope I'm wrong about that last bit and he actually decides to make the cogress pay down the debt.
But of course, you right wing zealots don't have to be "intellectually honest" you can blame the bad economy on Obama before he even takes office and deny him credit after he takes office and the economy improves.
That was a good one....funny stuff you should take that on the road and start a comedy tour.
Go read some of my bush bashing over the stimulus plan and then come back and post again assumption master.