Posted on 03/12/2009 11:27:17 AM PDT by steve-b
Wall Street surged in Thursday morning trading as the Dow pushed above the 7,000 mark. By noon, it had gained 87.85 points or 1.27 percent to reach 7,018.25.
Nasdaq packed on 17.48 points or 1.27 percent to hit 1,389.12....
(Excerpt) Read more at bizjournals.com ...
He comes the “faux Obama rally”. By the time Zero’s hundreth day in office rolls around the markets will be good as new and Zero will get all the credit.
i like to see obama come out and take credit for the rally, then days later, to see it crash
The “Obozo sucker rally” rolls on....
As long as Obama keeps his mouth shut, we have a chance.
As long as Obama keeps his mouth shut, we have a chance.
Did you hide his teleprompter?
All I have to say is—yay!
My in-laws told me they have lost (paper loss) $4 million in Wells Fargo stock; no joke. I didn’t even realize they had that much $$.
Me, just 401(k) and 529s, but I’m only 39, so I have time to wait. . .
“The “Obozo sucker rally” rolls on..”
It was hilarious the other day when Pelosi and her crew took credit for the 300 point rally saying that the markets have confidence in the generation theft act. Ha!
Where was she when the Dow dropped 3000 points?
I’m sure the market is going to love the coming tax increases, cap and trade, firing squads for capitalists, and the rest of her miracle cure.
Wake me up when it is back over 13,000!
Probably a bump because threw cold water on the prospect of a second “stimulus”
New tag line.
[As seen on C-SPAN] This is entirely and only related to the potential for removing or relaxing Mark-to-market accounting rules (you know, the ones put in place post Enron?) Look a little deeper into the market internals and you’ll see this is mostly a private bank & insurance rally.
Whether this is a good thing depends upon your point of view. Myself, I’m against removing these standards, though I know damn well the ability to lie about assets and their valuations is embedded in their ability to conduct business.
Remember, the DJIA is like a political poll which bobs up and down from day to day....
oops
Probably a bump because PELOSI threw cold water on the prospect of a second “stimulus”
Super. Hussein’s market is only down, what, 15% now?
You see, when even liberals like Kent Conrad can see Hussein is out of control...the markets react.
Wow!
Time to party like it’s 1997....
Not even close, there are forces in play here that will create a sucker rally only to later tank well beyond the last low.
Taxes have yet to be raised, market capital severely penalized, and environmental/pixie dust energy scams created before the real direction of this market is seen.
There are lots of injured investors hoping to see a moderate rally to recover their retirement savings. Soon after that, they will bail for cover. And that will happen in less than 100 days
Thank God and opportunity to unload these dogs!!
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