good news for the dow

[Truthmatters]

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.

 

[Mad Scientist]

I own no stocks, only precious metals.

As Jack Abramoff said about the Stock Market:

"An inherently unfair “casino” in which the house had far more information than the players."

In other words, it's totally rigged.

 

[Truthmatters]

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

 

[Truthmatters]

U.S. Consumer Sentiment Tops Forecasts at Start of Holiday Season: Economy - Bloomberg


things are really coming together

 

[Mad Scientist]

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.

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.

 

[Mr. H.]

Dow lookin' up...

 

[Truthmatters]

The stim worked

get your facts straight

 

[Truthmatters]

It will be interesting to see what the dow does today

 

[Mad Scientist]

The stim worked

get your facts straight

The CBO begs to differ:
The CBO Quietly Downgrades Obama's $825 Bil Stimulus - Latest Headlines - Investors.com

After nearly all the stimulus money has been spent, the Congressional Budget Office now admits it cost more than advertised, did less to boost growth and will hurt the economy in the long run.
While Obama promised the massive stimulus would "ignite spending by businesses and consumers," unleash "a new wave of innovation, activity and construction," and keep unemployment under 8%, what we actually got was the worst recovery since the Great Depression.

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.

 

[Truthmatters]

that did not say the stim didnt work

 

[Truthmatters]

what was the dow at when Obama took office?

 

[Warrior102]

Gallup: Obama's Approval Plunges Below Worst-Ever President Carter

 

[Truthmatters]

lets see how the dow does today ok.

 

[Truthmatters]

Stock futures surge as central banks join forces- MSN Money

 

[diptherio]

Why is it that the Dow is somehow the thermometer for how the economy is doing? What about unemployment stats? Even if the stock market goes up, that just means that the Wall Street doofuses who caused this mess are recovering, not the rest of us; hence our current "jobless recovery." That just means that if you make your money from a job, your still screwed. And as anyone who has actually studied economics can tell you, the President has little to do with the performance of the overall economy.

 

[Truthmatters]

who said it was the only marker?

NO ONE

are you feeling good about the new consumer confidence numbers?

 

[westwall]

Best news for the Dow was Franks decision to retire. Instant up after that!

 

[Truthmatters]

wow what a partisan hack you are

 

[Truthmatters]

Are you feeling good about the Auto sales being up?

 

[Ernie S.]

The FED and other central banks are flooding Europe with dollars

The Federal Reserve cut the cost of emergency dollar funding for European banks as part of a globally coordinated central-bank response to the continent’s sovereign-debt crisis.

The interest rate has been reduced to the dollar overnight index swap rate plus 50 basis points, or half a percentage point, from 100 basis points, and the program was extended to Feb. 1, 2013, the Fed said in a statement in Washington. The Fed will coordinate with the European Central Bank in the program, which was also joined by the Bank of Canada, Bank of England, Bank of Japan (8301), and Swiss National Bank. (SNBN)

This basically means our dollar is worth less so it takes more of them to buy a share of stock.