good news for the dow

Discussion in 'Economy' started by Truthmatters, Nov 30, 2011.

  1. Truthmatters
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    Pre-Market Report - Nov. 30, 2011 - CNNMoney



    NEW YORK (CNNMoney) -- U.S. stocks were poised for a higher open Wednesday, as investors focused on China's move to increase bank lending and signs of progress in the European debt crisis.

    Dow Jones industrial average (INDU), S&P 500 (SPX) and Nasdaq (COMP) futures were higher. Stock futures indicate the possible direction of the markets when they open at 9:30 a.m. ET.


    The gains followed a rally in European markets, as reports said eurozone finance ministers have approved an increase to the region's bailout fund, and may potentially receive help from the IMF.

    "There's a feeling we'll have a bit of action from the eurozone on the debt crisis, which has, for a change, put markets in a much more positive mood," said David Jones, chief market strategist at IG Markets.
     
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  2. Mad Scientist
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    I own no stocks, only precious metals.

    As Jack Abramoff said about the Stock Market:
    In other words, it's totally rigged.
     
  3. Truthmatters
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    the doomsayers will say it means nothing but the signs are really starting to move in the right direction.,

    we should all be glad for our country
     
  4. Truthmatters
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  5. Mad Scientist
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    So Gov'ts and Finance Ministers will increase Spending and Loaning in an attempt to get economies moving again. Sounds just like the Stimulus we just had, that failed.

    So money will be pumped into the Stock Market causing it to rally for a few days or a week, then it will fall again to pre-stimulus levels. You haven't noticed that? Stocks go up 100-200 points one day or two, then fall 100-200 the next day or two. That means people are just moving money around and the only people who are making money are the Brokers who make fees on the trades.

    Seems to me Stock Traders are buying in Europe causing it to rally and the US market to fall. They notice that and shift their "investment strategy" to buy in the US Markets causing that to rally and the Euro Markets to fall. As long as gov'ts and finance ministers provide money for investors to push around, this will continue. I wouldn't call it actual Economic Growth that creates jobs in any way other than Brokerage Firms.

    As a result of all this money printing will be inflation, which is why I'm buying precious metals. Hey, I hope I'm wrong but that's how I see it.
     
  6. Mr. H.
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    Dow lookin' up...

    [​IMG]
     
  7. Truthmatters
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    The stim worked

    get your facts straight
     
  8. Truthmatters
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    It will be interesting to see what the dow does today
     
  9. Mad Scientist
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    The CBO begs to differ:
    The CBO Quietly Downgrades Obama's $825 Bil Stimulus - Latest Headlines - Investors.com
    You think I like reading sh*t like that? Hey, I live here too and I want the economy to recover. I don't give a f*ck who gets the credit.

    Pull your head out and stop being a partisan hack. You're not even a good one.
     
  10. Truthmatters
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    that did not say the stim didnt work
     

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