Posted on 09/01/2010 10:00:23 AM PDT by SMCC1
Stocks surged the first trading day of September after a report showed U.S. manufacturing has surprising strength, and after news of strength in the global economy. The markets also shrugged off news of a decline in auto sales.
(Excerpt) Read more at cnbc.com ...
Yes, Cat is makin a killing selling dozers to all the Urban cities having to raze their empty, crime-ridden, residential areas.
My guess is less unionized workers, more productivity with less overhead and better quality product being produced.
I still believe American Workers produce the best quality products in the world and those products are in demand worldwide.
Once again, capitalism wins!
Big buy in today, big sell off tomorrow.
These days, any article on stock trends without discussion of the volume of trade needs to come with a block of pine rosin because there's a good chance you're being played like a fiddle.
“Yes, Cat is makin a killing selling dozers to all the Urban cities having to raze their empty, crime-ridden, residential areas.”
The IDF should write their manuals.
“Why?”
Because it is a new month, and lots of 401K and other investment accounts just got a fresh influx of cash. It’s not unusual to see a spike on the first couple of days of the month. In any case, I doubt this rally will survive the August unemployment data, due out on Friday.
And in related news:
GM posts double-digit drop in August sales
http://www.marketwatch.com/story/gm-posts-double-digit-drop-in-august-sales-2010-09-01?siteid=yhoof
>>Big buy in today, big sell off tomorrow.<<
Yup.
Stock market up and Obama seems to be surging a bit in the polls too.
Ras has him back to 48%, Gallup back to 47%.
Not sure why there is so much optimism in the air. I haven’t seen any positive changes in the last couple weeks.
market has concluded that the Obama Regime will come to a screeching halt on Nov. 2
CNBC: "August Ends With Miserable Volume"
Some people just can’t get their heads out of the sand. The economy is in terrible shape and will take years and years to recover. Facts are facts and truth is truth and lies are always lies. And lies will not alter our current disaster path. Wake up people and smell reality.
Labor Day vacation.
They don't wait. They get in before the crowd (the 401K gang) and get the cheaper prices.
Look for DOW levels to creep up now UNLESS Obowma gets some mojo back.
I agree with you, and I also think that there will be a relief rally up to 12,000 or 13,000 if Republicans take both houses. I think that the relief rally will be a suckers rally, because the reality will set in that what the marxists have done cannot be undone, for the most part, until 2013. There will not be real growth in the economy, and real increases in stock market prices, until the tax cuts that are about to expire are restored, socialized medicine is repealed, spending is reduced, energy policy lets us drill for our own oil, and regulation of the economy is reduced to only draconian, from its current totalitarian levels. Then we can grow, and we can pray that we grow enough to overcome the overhang of spending that the marxists stuck us with.
I don't think it's going to 13,000...maybe between 11-12,000 IMO. But all Repubs need to do initially is get one huge win...maybe a win in the SC reversing Obamacare to get a burst of confidence going. Then it's not a complete sucker's rally and doesn't completely deflate.
Growth then continues as the Obama platform gets dismantled piece by piece...I agree.
The Supreme Court striking down Obamacare would result in the same market rally as Congress repealing it—it would help a lot. The court can’t get rid of all of it, though, and it probably won’t act until 2012 on health care.
Now, that is very encouraging if true because the bill is so huge that there's bound to be something in there that can easily be ruled unconstitutional...the mandate is an obvious one but perhaps there are several other things as well.
That is not quite accurate. If only part is struck down, and other parts survive, it can still be quite destructive. It does not automatically collapse just because one part is struck down. You need to get rid of some key parts, or several key parts.
I don't know if you got my point.
I had heard that the other parts would not, in fact, survive even if a small part was ruled unconstitutional. What I heard is that the entire bill would no longer be law.
There are parts of the law that are more important than others, and so the effect on the law would depend on what part got struck down. It is not, however, a law where any single itty bitty piece of it that is removed invalidates or ruins the rest of it. Some parts work with other parts, true. But the end result of removing any single aspect of the law depends on what that aspect is.
Thanks for the lawyerly viewpoint. It will be very, very interesting to see what the outcome will be in the end.
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