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Major indexes open up 2 pct on Fed move ($200b injection)
Reuters ^
| 03/11/08
| Caroline Valetkevitch
Posted on 03/11/2008 6:45:17 AM PDT by TigerLikesRooster
Major indexes open up 2 pct on Fed move
Tuesday March 11, 9:41 am ET
NEW YORK (Reuters) - The three major stock indexes opened 2 percent higher on Tuesday as the Federal Reserve announcement of a new effort with other central banks to add up to $200 billion to strained credit markets boosted investor optimism. The Dow Jones industrial average (DJI:^DJI - News) jumped 268.66 points, or 2.29 percent, to 12,008.81. The Standard & Poor's 500 Index (^SPX - News) was up 27.18 points, or 2.13 percent, at 1,300.55. The Nasdaq Composite Index (Nasdaq:^IXIC - News) was up 56.41 points, or 2.60 percent, at 2,225.75.
(Reporting by Caroline Valetkevitch; Editing by Kenneth Barry
TOPICS: Business/Economy; News/Current Events
KEYWORDS: 200b; fed; liquidity
To: TigerLikesRooster; Uncle Ike; RSmithOpt; jiggyboy; 2banana; Travis McGee; OwenKellogg
2
posted on
03/11/2008 6:45:50 AM PDT
by
TigerLikesRooster
(kim jong-il, chia head, ppogri, In Grim Reaper we trust)
To: TigerLikesRooster
Just exuberance over the Spitzer story. ;)
3
posted on
03/11/2008 6:46:34 AM PDT
by
Roccus
(The ruling class WILL have its way.)
To: Roccus
I wouldn’t discount that.
4
posted on
03/11/2008 6:50:12 AM PDT
by
FreedomPoster
(Guns themselves are fairly robust; their chief enemies are rust and politicians) (NRA)
To: Roccus
Just exuberance over the Spitzer story. ;) I don't know, I think it may hurt the GDP. Spitzer's lawyers only make $500 per hour vs. the $4500 per hour for the prostitutes.
5
posted on
03/11/2008 6:50:37 AM PDT
by
Always Right
(Was it over when the Germans bombed Pearl Harbor?)
To: Roccus
Make sense.:-)
6
posted on
03/11/2008 6:50:53 AM PDT
by
TigerLikesRooster
(kim jong-il, chia head, ppogri, In Grim Reaper we trust)
To: TigerLikesRooster
7
posted on
03/11/2008 6:58:25 AM PDT
by
vietvet67
To: TigerLikesRooster
8
posted on
03/11/2008 7:00:59 AM PDT
by
Uncle Ike
(Sometimes I sets and thinks, and sometimes I jus' sets.........)
To: Always Right
I don't know, I think it may hurt the GDP. Spitzer's lawyers only make $500 per hour vs. the $4500 per hour for the prostitutes. But the lawyers can work you over for 10 hours every day with multiple law partners. If the hooker did that she'd kill you.
9
posted on
03/11/2008 7:07:25 AM PDT
by
KarlInOhio
(Rattenschadenfreude: joy at a Democrat's pain, especially Hillary's pain caused by Obama.)
To: Uncle Ike
Well, they are entitled to take a vacation from grim reality now that their archenemy is in flames.
10
posted on
03/11/2008 7:09:24 AM PDT
by
TigerLikesRooster
(kim jong-il, chia head, ppogri, In Grim Reaper we trust)
To: TigerLikesRooster
BS speculative run-up...get a few dummy fish to bite, then short the very same stock for tomorrow's close.
Still, I will say, there are very sound investments out there with many good companies and market sectors.
Wonder if oil will come back to levels of sanity this week? Naaahhhh!!!!
11
posted on
03/11/2008 7:24:26 AM PDT
by
RSmithOpt
(Liberalism: Highway to Hell)
To: TigerLikesRooster
So, is this the “inflate the currency” strategy? These guys aren’t foolin’ anybody.
12
posted on
03/11/2008 7:39:41 AM PDT
by
The Duke
(I have met the enemy, and he is named 'Apathy'!)
To: The Duke
” These guys aren’t foolin’ anybody. “
The DOW’s up $248.... *Somebody’s* being fooled....
13
posted on
03/11/2008 7:42:31 AM PDT
by
Uncle Ike
(Sometimes I sets and thinks, and sometimes I jus' sets.........)
To: Uncle Ike
The DOW’s up $248.... *Somebody’s* being fooled.... Post 11 sums it up. This run up will just bleed the suckers again, just as they were sure they were going to stay out of the market...
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