Posted on 03/23/2009 2:48:31 PM PDT by tobyhill
I think there are other reasons. The market has been rallying off the last low for some time. Also, housing sales were up, which was a surprise.
But this is a significant rally now. The cubes have broken up through the 200 DMA for the first time in a long while:
http://stockcharts.com/h-sc/ui?s=QQQQ&p=D&yr=0&mn=4&dy=0&id=p24903662436
The magazine is empty. They are firing their last bullets at the Monster...to no avail. These are what I call Doomsday Options.
I been waiting for this bounce. I trying to dump some more stock before the other shoe drops!
IRRATIONAL EXUBERANCE
take away your family ,taxpayer,money and give it to word,
I said F-— y— GOVERNMENT
Housing should be selling buy now since they’ve dumped about a quarter of their value a year ago.
Just another rope-a-dope.
All that glitters is not gold.
Don’t put all your eggs in the same basket.
If it’s too good to be good, it is.
Etc.
All of these homey sayings are taking on new meaning under the Obamatuer.
With all the money flooding the market with nothing to back it up inflation will rear it's ugly head, similar to what's happening in Zimbabwe.
It’s all going to hit the US like a tsunami. The dollar is already starting to be laughed at.
From what I'm hearing there will only be a small number of people allowed to buy these toxic assets. The kicker is the toxic assets will be backstopped by the American taxpayers guaranteeing that the purchaser can not lose money.
IOW, it's like the all the other bailouts that have been put together so far. Wall St. insiders will protect their assets with the taxpayers money.
very American citizens now 117,000.00
The housing market had shown up ticks in the past several days etc,.We had last week a three-day rally on Wall Street with other positive news in industrials unrelated to any bailout money.
When Treasury Secretary Timothy Geithner made his toxic assets announcement..after? the Nikkei and Asian market were already up (remember time zone). A weaker yen had been welcomed by exporters. The market was closed there on Friday (holiday).
Tokyo's promise to outline a new stimulus package to boost their economy. Mainland Chinese stocks declined as Premier Wen Jiabao hinted at further stimulus spending at the close of the annual meeting of the National People's Congress, the country's legislature.
Forbes wrote that already "on Friday, Japanese Finance Minister Kaoru Yosano indicated that the government is putting together a new stimulus package; its initial plan stalled in Parliament. A press report suggested that the package may top $200 billion. The Japanese government also announced that it would inject 121 billion yen ($1.2 billion) into three regional banks in its first such payouts in the current crisis."
The coat tail actions (or reactions) of Treasury Sec & Obama(still punch drunk) takes the full credit?
Don't get me wrong I like the Bull market if it holds, but to ride the Big Kahuna wave and then take credit for causing the underlying forces of nature - fluctuations at the sea surface which causes waves to move even faster that the wind.
A US Tsunami of trillions of dollars makes me skeptical. All these experts and they "just hope" for the perfect wave?
I agree. Volume was tepid. Today was not a confirmation of investor confidence.
Real, or merely nominal?
Yep, there’s a lot of that spirit in the air.
People will be rushing to sell now.
Unless we get this taxpayer revolt in full gear soon, our great-great-grandchildren will continue to suffer the yoke of the banker masters.
What about the NEW JOBS Obama has promised? Ah.. when does that come into play. I know infrastruction-roads and bridges-are bringing back the states' DOT retired (retire & come back the next day as a consultant)with more hours by returning to full time projects again this summer.
14,000 equals 90% inflation rate.
It will soon be back down. It is only being artifically propped up now. No matter how much credit or loaning there is it[the money] still must be paid back. Without the means to pay it[the money]back it[the market] will only collapse again. Again, this is only smoke and mirrors, nothing more.
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