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Just watched Outfront on CNNHD and they can't figure out why the stock market jumped today
CNNHD ^ | 6/6/2012 | Jay Lensch

Posted on 06/06/2012 4:15:20 PM PDT by Jayster

Don't usually watch CNN, however I did last night and today to see the spin on the election. Erin Burnett posed the question as to why the Stock Market jumped today and had a few guests on talking about it and they all seemed very confused. I mean really confused. NEVER ONCE did they bring up the ELECTION!!!!!!!!!!!

(Excerpt) Read more at outfront.blogs.cnn.com ...


TOPICS: Crime/Corruption; Extended News; Front Page News; Miscellaneous; News/Current Events; Politics/Elections; Your Opinion/Questions
KEYWORDS: cnn
I am getting popcorn. Everyone needs to tune in today and the next few days to see the spin.

It is friggin hilarious!!!!

1 posted on 06/06/2012 4:15:28 PM PDT by Jayster
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To: Jayster

..they won’t admit why the stock market jumped today


2 posted on 06/06/2012 4:22:51 PM PDT by Doogle (((USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated)))
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To: Jayster
The elections have some effect but it was really driven by rumors that “F”ing Benake is going to crank up “QE3” at the FED!
3 posted on 06/06/2012 4:23:59 PM PDT by WellyP (REAL)
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To: Jayster

You know, I think they really are that clueless. Truly.


4 posted on 06/06/2012 4:26:34 PM PDT by Skooz (Gabba Gabba we accept you we accept you one of us Gabba Gabba we accept you we accept you one of us)
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To: WellyP

Agreed but you would think that it would be brought up at least once to discuss.


5 posted on 06/06/2012 4:27:25 PM PDT by Jayster
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To: Jayster

I’ve eaten meatloaf that’s smarter than the lib-dem turd-polishers on CNN. All libs & most dems think that life is just a sponge bath, with a happy ending.


6 posted on 06/06/2012 4:29:09 PM PDT by carriage_hill (All libs & most dems think that life is just a sponge bath, with a happy ending.)
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To: Jayster

0bama’s re-election odds on Intrade took a dive this week. I think the bookies and the stock market are in concert. I am hoping for a summer rally if 0bama keeps stumbling and Bill Clinton keeps “helping” him.


7 posted on 06/06/2012 4:30:56 PM PDT by forgotten man (forgotten man)
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To: Jayster

Stock market move had nothing to do with Walker’s win. It’s all about Europe and Helicopter Ben.


8 posted on 06/06/2012 4:36:57 PM PDT by GnL
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To: Jayster

The new business gal on Fox(former CNBC’s Melissa Francis) tried to explain it to Shep today...he sighed, and blew it off(well, it is Shep)


9 posted on 06/06/2012 4:40:36 PM PDT by RckyRaCoCo (I prefer liberty with danger to peace with slavery, IXNAY THE TSA!)
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To: Jayster

Let’s plug in some numbers and dates and see what patterns develop.

November 1992: Clinton elected President - Dow = 3240

November 1994: Republicans retake control of the House and Senate - Dow = 3807

June 2001: Jumpin’ Jim Jeffords gives control of the Senate to the Democrats - Dow = 10,990

November 2002: Republicans retake Senate - Dow = 8,537

November 2006: Democrats retake control of House & Senate - Dow = 12,342

November 2010: Democrats lose control of House - Dow = 11,092

Today, a year and a half since the Democrats lost control of the House - Dow = 12,415

Let’s review. During the first two years of Clinton, while the Democrats retained control of the House and Senate, the Dow increased but was relatively flat.

In 1994, the Republicans took control of the House and Senate. The Dow exploded, increasing at an annual rate of almost 18% per year for the next 6 & 1/2 years, the entire period while the Republicans remained in control.

In June 2001, the Democrats gained control of the Senate. The Dow then plunged at an annual rate of almost -16% until November 2002, when the Republicans regained control of the Senate.

From November 2002, while the Republicans controlled both the House and Senate, until November 2006, when the Democrats regained control of both the House and the Senate, the Dow increased at a rate of over 20% per year.

In November 2006, the Democrats regained control of both the House and Senate. During the first two years of Democrat control (from November 2006 to November 2008), the Dow plunged at an annual rate of almost -15% per year. After four years of Democrat control of both houses of Congress, the Dow was down 10% from where it was before the Democrats took control.

In the year and a half since the Democrats lost control of the House, the Dow has gained 12% and is finally back to where it was in 2006, when the Democrats took control of Congress.

Anyone else notice a pattern here?

Republican Control = Bull Market and Prosperity

Democrat Control = Bear Market and Depression

It is not hard to do the math.


10 posted on 06/06/2012 4:42:03 PM PDT by Bubba_Leroy (The Obamanation Continues)
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To: Skooz

No they’re not.

They’re liberals and they will lie like dogs in order to hide the truth.


11 posted on 06/06/2012 4:45:46 PM PDT by 353FMG
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To: GnL

Not so sure if it had nothing to do with the win, but agree on the other part.

As always there are many variables and emotions.

I guess a better point would be if there was a major Dem victory the day before a stock jump, you know that they would attribute it to the win.


12 posted on 06/06/2012 4:46:27 PM PDT by Jayster
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To: Bubba_Leroy

As soon as the market starts to believe that Obama really will lose, it’s going to TAKE OFF.


13 posted on 06/06/2012 4:46:56 PM PDT by SomeCallMeTim ( The best minds are not in government. If any were, business would hire them)
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To: Jayster

Wait until they see the market sometime around October when the smart money figures out Zero ain’t getting reelected.


14 posted on 06/06/2012 4:48:08 PM PDT by Recon Dad (Gas & Petroleum Junkie)
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To: forgotten man

Slick Willy is trying to put the GOP and The Tea Party to sleep by saying nice things about Romney. Trust me, about a week before the election Bill will come out and state something like, Well, I do like Gov. Romney and I’ve said some nice things about him but the truth is, as good as he is on many fronts he just isn’t the man we need to to get us out of this hole so I’m supporting Pres. Obumma.


15 posted on 06/06/2012 4:48:40 PM PDT by WellyP (REAL)
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To: WellyP

I agree. The FED is going to stiff the taxpayers again.


16 posted on 06/06/2012 5:16:08 PM PDT by pallis
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To: Jayster
LABOR UNIONS LOSE...WALL STREET WINS!! Simple enough for even me to understand!!
17 posted on 06/06/2012 5:28:06 PM PDT by az.b1bbomberfxr
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To: Recon Dad
Assuming the election has any bearing on who is in the Oval Office on January 21st...
18 posted on 06/06/2012 5:29:16 PM PDT by null and void (Day 1233 of our ObamaVacation from reality [and what dark chill/is gathering still/before the storm])
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Didn't anyone from CNN check Google today? It was obvious why there was a jump in the market... Today was the anniversary of the very first drive in theater! Geez!

Mark

19 posted on 06/06/2012 6:23:41 PM PDT by MarkL (Do I really look like a guy with a plan?)
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To: Doogle

They also won’t admit to when it dropped and why. It was in relation to the possibility Obama was going to be the nominee.


20 posted on 06/06/2012 6:35:52 PM PDT by jyro (French-like Democrats wave the white flag of surrender while we are winning)
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To: Jayster

I don’t want to seem like a wet blanket, but the market shot up today because the fed commented that they may inject dollars into the system. Same thing in Europe.

The election was part of it...but the market was poised to go before the polls closed.


21 posted on 06/06/2012 6:37:20 PM PDT by Vermont Lt (I just hate our government. All of them. Republican and Democrat.)
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To: Vermont Lt

Many variables....

Read Post 12


22 posted on 06/06/2012 6:48:23 PM PDT by Jayster
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To: Jayster
That's the first thing I thought of when I heard the guy on the radio saying the market was doing a "rebound." The commentator was, of course, crediting obscure events in Europe. I don't believe either was necessarily the cause, more like profit-taking and everybody noticed the up was a bit upper than had been expected so everyone got on board. The euphoria from Wisconsin may well be what produced that initial overbounce, though. It does have optimistic economic ramifications in its political ramifications.

All in all most times I don't think commentators' statements about what caused a rise or what caused a drop derive from anything more significant than their exhaust ports. They just look around and see what all happened today and pick the things that go the same direction as the market action and declare it the cause.

23 posted on 06/06/2012 6:49:24 PM PDT by arthurus ( Read Henry hazlitt's "Economics In One Lesson")
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To: WellyP
At the end he musycome down in support of the kenyan in order to retain Clinton political viability. I think he would like see the kenyan lose but he wants himself and Mrs. Bill to stay effective in the Democrat Party.
24 posted on 06/06/2012 6:56:23 PM PDT by arthurus ( Read Henry hazlitt's "Economics In One Lesson")
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To: Jayster
The stock market jumped today because once Walker won that bellwether election, it essentially was a warning to Obama to stop excessive Federal spending and serious consider a major income tax overhaul, both of which would ignite the next American economic boom if these reforms are implemented.

If Obama doesn't heed that message, we can watch President Romney's inauguration on January 20, 2013.

25 posted on 06/06/2012 7:27:34 PM PDT by RayChuang88 (FairTax: America's economic cure)
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To: Jayster

I will certainly agree with you on your last point!


26 posted on 06/06/2012 7:50:01 PM PDT by GnL
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To: Jayster
And the funny thing is if the Dow moves 15 points in a 12,500 total they look in the camera with a straight face and say something like “The Oil Minister of UAE stubbed his toe while golfing yesterday.” THEY KNOW THIS, but they don't know why the Dow jumped the most in this calendar year? Right!
27 posted on 06/07/2012 4:37:16 AM PDT by jmaroneps37 (Conservatism is truth. Liberalism is lies.)
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Comment #28 Removed by Moderator

To: RckyRaCoCo

Yeah, I hear that Shep blows off a lot of things.


29 posted on 06/07/2012 6:42:11 AM PDT by RipSawyer
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To: WellyP

He may say something on that order because he HAS TO to keep on being a Democrat elder but he really does not want to see Obama reelected, he didn’t want to see him elected in the first place and he most certainly does not want to see him win again. I still remember Clinton’s speech in “support” of Obama as the nominee. Clinton was literally speaking tongue in cheek, he kept poking his tongue into his right cheek and pushing as hard as he could between sentences. It was obvious to anyone but an idiot that he did not mean one word he was saying and he wanted to make sure that it was obvious.

It was the only instance I can recall of a former president saying the opposite of what he wanted to say and yet trying to make it obvious that he did NOT mean what he was saying.


30 posted on 06/07/2012 6:55:39 AM PDT by RipSawyer
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To: WellyP

Yep, Big Ben just sounded less than ready for QE3 and already the market is going back down.


31 posted on 06/07/2012 7:20:33 AM PDT by 9YearLurker
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To: Jayster

WI had nothing to do with it.


32 posted on 06/07/2012 3:14:34 PM PDT by Diggity
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To: Diggity

That is not my point....

Read 12


33 posted on 06/07/2012 3:51:54 PM PDT by Jayster
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