Just watched Outfront on CNNHD and they can't figure out why the stock market jumped today

CNNHD ^ | 6/6/2012 | Jay Lensch

[Vermont Lt]

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.

[Jayster]

Many variables....

Read Post 12

[arthurus]

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.

[arthurus]

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.

[RayChuang88]

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.

[GnL]

I will certainly agree with you on your last point!

[jmaroneps37]

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!

[RipSawyer]

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

[RipSawyer]

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.

[9YearLurker]

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

[Diggity]

WI had nothing to do with it.

[Jayster]

That is not my point....

Read 12