Dow gains 120 points, Republicans blame Obama

[Chris]

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

 

[DiveCon]

so it got back what it lost yesterday

 

[elvis]

People are blaspheming the Ossiah? inexcusable.

 

[Mad Scientist]

Corporations make money while unemployment remains high.

You Libs must be so proud.

 

[xsited1]

Profit taking tomorrow.

 

[DiveCon]

Corporations make money while unemployment remains high.

You Libs must be so proud.

Chris is hoping they make enough to start paying for HIS healthcare

 

[Harry Dresden]

Corporations make money while unemployment remains high.

You Libs must be so proud.

Chris is hoping they make enough to start paying for HIS healthcare

he is in line right now....

 

[elvis]

Corporations make money while unemployment remains high.

You Libs must be so proud.

Chris is hoping they make enough to start paying for HIS healthcare

His MENTAL healthcare. Of course, he's so far beyond help, that could run into billions.

 

[Chris]

Corporations make money while unemployment remains high.

You Libs must be so proud.

Chris is hoping they make enough to start paying for HIS healthcare

he is in line right now....

No, I pay for my own healthcare and Gunny's.

 

[elvis]

Chris is hoping they make enough to start paying for HIS healthcare

he is in line right now....

No, I pay for my own healthcare and Gunny's.

Gunny bought his healthcare ahead of time you stupid fuck. Get Old Rocks' dick out of your ass and stop insulting people just because you're too much of a shitstain to buy your own health insurance.

 

[PubliusInfinitum]

so it got back what it lost yesterday

ROFLMNAO...

Isn't it cute?

the Economy muddles along, DESPITE the punishing, anti-Capitalist policies of this Marxist regime and Chris here wants to Celebrate a 120pt. gain in the equity markets; and this after the LAST round of Socialist Policies caused the Real Estate Market to CRASH, which resulted in that same market tumbling down FIVE THOUSAND POINTS...

OK Chris... Let's celebrate!

WOO HOO KIDS! The Market is gaining DESPITE ANTI-MARKET POLICIES which PUNISH PRODUCTIVITY, PRIVATE OWNERSHIP and the Unalienable rights of the individual to pursue the fullfilment of one's life through the unfettered use of the product of one's LABOR!

YEEeeeeeeeeeeee HAAAwww.... Go MARKET!

We now return you to the regularly scheduled reality...

 

[Toro]

Corporations make money while unemployment remains high.

You Libs must be so proud.

Corporate profits are significantly lower than they were even a year ago.

Of course, a good part of past profits was a mirage in the financial system that have been wiped out forever.

 

[Toro]

so it got back what it lost yesterday

ROFLMNAO...

Isn't it cute?

the Economy muddles along, DESPITE the punishing, anti-Capitalist policies of this Marxist regime and Chris here wants to Celebrate a 120pt. gain in the equity markets; and this after the LAST round of Socialist Policies caused the Real Estate Market to CRASH, which resulted in that same market tumbling down FIVE THOUSAND POINTS...

OK Chris... Let's celebrate!

WOO HOO KIDS! The Market is gaining DESPITE ANTI-MARKET POLICIES which PUNISH PRODUCTIVITY, PRIVATE OWNERSHIP and the Unalienable rights of the individual to pursue the fullfilment of one's life through the unfettered use of the product of one's LABOR!

YEEeeeeeeeeeeee HAAAwww.... Go MARKET!

We now return you to the regularly scheduled reality...

The market will significantly outperform under Obama than it did under Bush.

http://www.usmessageboard.com/economy/64052-stock-market-performance-by-president.html

 

[DiveCon]

so it got back what it lost yesterday

ROFLMNAO...

Isn't it cute?

the Economy muddles along, DESPITE the punishing, anti-Capitalist policies of this Marxist regime and Chris here wants to Celebrate a 120pt. gain in the equity markets; and this after the LAST round of Socialist Policies caused the Real Estate Market to CRASH, which resulted in that same market tumbling down FIVE THOUSAND POINTS...

OK Chris... Let's celebrate!

WOO HOO KIDS! The Market is gaining DESPITE ANTI-MARKET POLICIES which PUNISH PRODUCTIVITY, PRIVATE OWNERSHIP and the Unalienable rights of the individual to pursue the fullfilment of one's life through the unfettered use of the product of one's LABOR!

YEEeeeeeeeeeeee HAAAwww.... Go MARKET!

We now return you to the regularly scheduled reality...

The market will significantly outperform under Obama than it did under Bush.

http://www.usmessageboard.com/economy/64052-stock-market-performance-by-president.html

is that really the bar now?

 

[elvis]

so it got back what it lost yesterday

ROFLMNAO...

Isn't it cute?

the Economy muddles along, DESPITE the punishing, anti-Capitalist policies of this Marxist regime and Chris here wants to Celebrate a 120pt. gain in the equity markets; and this after the LAST round of Socialist Policies caused the Real Estate Market to CRASH, which resulted in that same market tumbling down FIVE THOUSAND POINTS...

OK Chris... Let's celebrate!

WOO HOO KIDS! The Market is gaining DESPITE ANTI-MARKET POLICIES which PUNISH PRODUCTIVITY, PRIVATE OWNERSHIP and the Unalienable rights of the individual to pursue the fullfilment of one's life through the unfettered use of the product of one's LABOR!

YEEeeeeeeeeeeee HAAAwww.... Go MARKET!

We now return you to the regularly scheduled reality...

The market will significantly outperform under Obama than it did under Bush.

http://www.usmessageboard.com/economy/64052-stock-market-performance-by-president.html

based on what?

 

[Toro]

is that really the bar now?

Pretty much.

based on what?

Well, not too too much on the current administration.

The main reason why the market will outperform under Obama than under Bush is because stocks were expensive when Bush took over and were cheap when Obama took over. So Obama's (and Bush's) actions to save the economy have prevented a melt-down, which means that cheap stocks will become less cheap and do better under Obama than Bush.

The point of all this, however, is for Republicans not to beat Democrats over the head when discussing the market because they will look foolish in the future. What Republicans should say for posts like the OP is that the market is going up because stocks were cheap, and yes, the policies are helping now but will create problems for the market and the economy in the future.

 

[AllieBaba]

Most Republicans said the fear mongering about a huge "Depression" was just that.

I guess we were right.

 

[PubliusInfinitum]

so it got back what it lost yesterday

ROFLMNAO...

Isn't it cute?

the Economy muddles along, DESPITE the punishing, anti-Capitalist policies of this Marxist regime and Chris here wants to Celebrate a 120pt. gain in the equity markets; and this after the LAST round of Socialist Policies caused the Real Estate Market to CRASH, which resulted in that same market tumbling down FIVE THOUSAND POINTS...

OK Chris... Let's celebrate!

WOO HOO KIDS! The Market is gaining DESPITE ANTI-MARKET POLICIES which PUNISH PRODUCTIVITY, PRIVATE OWNERSHIP and the Unalienable rights of the individual to pursue the fullfilment of one's life through the unfettered use of the product of one's LABOR!

YEEeeeeeeeeeeee HAAAwww.... Go MARKET!

We now return you to the regularly scheduled reality...

The market will significantly outperform under Obama than it did under Bush.

http://www.usmessageboard.com/economy/64052-stock-market-performance-by-president.html

ROFLMNAO...

Oh GOD that's PRECIOUS!

Now understand kids... What she wants to point out here are a couple of misnomers...

First, she wants to point to the "President".... as if the president sets fiscal policy... The President SIGNS fiscal policy and executes the policy PASSED AND IMPLEMENTED BY THE LEGISLATURE...

Second she wants to look at gains...

We should HOPE the market does well... and as one who is ass deep in equities, I'm in that camp; but the Market is due for some gains given it's LOSSES since the LEFTISTS GAINED POWER.

And while it's a delightful little graph which hopes to show how the markets reacts to Republican -v- Democrat Presidents... It should be noted that the Market did its best (according to Toro's little graph, during the period when CONSERVATIVES were passing and implementing FISCAL POLICY! It's the lovely, but tallest 'white' box... labeled "Clinton."

Now lets look at the NASTY red bastard up front... Democrat Congress, Republican President... the problem here is two fold... First Hoover signed the Leftist fiscal policy passed by the Democrat Congress... Second, the market was all but wiped out by that policy... and that which preceded it. Thus the gains represented by the blue box... It shows a 150 percent increase in the overall value of the market... up 150% from damn near nothin'... and it only took 12 years to do it... But it does make a lovely little box... even if it is deceptive as HELL to present it as such.

But hey... that is the nature of free enterprise... it will adjust to even the most destructive, counter productive policies... given enough time. Hell if we hadn't been suckered into TARP and the 'stimulus' absurdity, the Market would have crossed over 12000 a year ago and this whole thing would be over by now... but the world needs to re-learn these lessons, I guess..

Of course, Hussein is a one termer and the Markets will survive his communist ass... assuming the Leftists in the Legislature can be shut down and aren't allowed to cripple the means of commerce...

But it'll all come back together once Nature is finished applying her longstanding cure for such... so don't sweat it.

 

[Chris]

Pubes is up to his old tricks.

The world is changing, but you are still the same.

 

[elvis]

Pubes is up to his old tricks.

The world is changing, but you are still the same.

You are changing. you are becoming more and more of a shitstain by the day.