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Stocks drift following mixed economic readings ('stimulated' market going nowhere fast)
AP on Yahoo ^
| 2/19/09
| Stephen Bernard and Tim Paradis - ap
Posted on 02/19/2009 8:59:19 AM PST by NormsRevenge
NEW YORK – Investors are sitting on the sidelines for a second day as they wait for signals about the direction of the economy.
Mixed economic readings are offering the market little guidance.
A private research group said its index of leading economic indicators has shown a surprise increase for January. But the Philadelphia Federal Reserve says conditions in the region's manufacturing sector have weakened this month.
(Excerpt) Read more at news.yahoo.com ...
TOPICS: Business/Economy; Extended News; News/Current Events
KEYWORDS: drift; mixed; readings; stocks
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To: NormsRevenge
2
posted on
02/19/2009 9:00:11 AM PST
by
allmost
I don’t know, maybe they are stimulused out ..
or maybe they just need some more stimulus.
It’s YOUR money!
You make the call.
3
posted on
02/19/2009 9:01:05 AM PST
by
NormsRevenge
(Semper Fi ... Godspeed.)
To: NormsRevenge
The votes are in on Obama’s program and they are thumbs down. The Market is down about 10% since he started revealing these giveaways.
4
posted on
02/19/2009 9:01:42 AM PST
by
TCats
To: TCats
The bad thing is this is change over half the country voted for. :(
5
posted on
02/19/2009 9:02:24 AM PST
by
DonaldC
To: allmost
Thanks!
Dow 7,516.84 -38.79 -0.51%
Nasdaq 1,459.22 -8.75 -0.60%
S&P 500 786.82 -1.60 -0.20%
Thursday, February 19, 2009, 11:55AM ET
U.S. Markets close in 4 hours and 5 minutes.
6
posted on
02/19/2009 9:02:46 AM PST
by
NormsRevenge
(Semper Fi ... Godspeed.)
To: NormsRevenge
Obama has been worse than I ever imagined. It’s still the first month of his term. God help us.
7
posted on
02/19/2009 9:02:58 AM PST
by
allmost
To: DonaldC
The bad thing is this is change over half the country voted for. :(No it isn't. They just voted for a smiley face who wasn't Bush.
8
posted on
02/19/2009 9:03:31 AM PST
by
rhombus
To: TCats
The good news, of course, is that the New York Times is at a new all time low.
9
posted on
02/19/2009 9:03:33 AM PST
by
Mr. Lucky
To: NormsRevenge
7490 and dropping fast at 12:03.
10
posted on
02/19/2009 9:04:14 AM PST
by
allmost
To: allmost
11
posted on
02/19/2009 9:04:20 AM PST
by
Salvation
( †With God all things are possible.†)
To: DonaldC
The election of 2008 proved you can make idiot voters out of ignorant people by promising them lots of free stuff.
Just like you can call CO2 a pollutant if the people are dumb enough.
12
posted on
02/19/2009 9:04:28 AM PST
by
Tarpon
(If you don't stand on principle, you stand for nothing at all.)
To: DonaldC
Well. The REAL votes (i.e., The ones cast by the Markets) cannot be altered or influenced by things like ACORN and the Media although I'm sure Obama’s team is working on this minor complication.
13
posted on
02/19/2009 9:05:10 AM PST
by
TCats
To: TCats
“The votes are in on Obama’s program and they are thumbs down. The Market is down about 10% since he started revealing these giveaways.”
You can fool people but you can’t fool money.
14
posted on
02/19/2009 9:05:55 AM PST
by
henkster
(0bamanomics: "I'll loan you all the money you need to get out of debt.")
To: Salvation
15
posted on
02/19/2009 9:06:02 AM PST
by
allmost
To: allmost
Yup, here we goooo..
Last update: 09:04 am PST -
Symbol Price Change
DJIA 7,485.06 -70.57 -0.93%
NASDAQ 1,453.96 -14.01 -0.95%
16
posted on
02/19/2009 9:06:04 AM PST
by
NormsRevenge
(Semper Fi ... Godspeed.)
To: Mr. Lucky
How much you want to bet that somewhere in the unread Stimulus Bill there is a lot of ‘Stimulus’ for the NYT and others who carried Obama’s water.
17
posted on
02/19/2009 9:07:06 AM PST
by
TCats
To: allmost
A free-fall. How The nOne’s approval rating is still at 60% baffles me. A few more weeks of this and he’ll soon be below 50% as the honeymoon period ends.
18
posted on
02/19/2009 9:07:20 AM PST
by
Carling
("We've lost two people in my family because you dickheads won't cut trees down," - Warwick Spooner)
To: NormsRevenge
7486 now ....
DJIA 6/9/1997 : 7478 ....
We haven't seen the Dow this low since 1997
That should tell you something right there.
19
posted on
02/19/2009 9:10:16 AM PST
by
Centurion2000
(01-20-2009 : The end of the PAX AMERICANA.)
To: NormsRevenge
If DJIA closes below the previous low (7,552) that could be a strong bearish signal.
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