Posted on 07/24/2009 10:36:37 AM PDT by Rufus2007
CNBC "Mad Money" host Jim Cramer credits lack of government regulation with a recent market jump in technology stocks. The tech-heavy NASDAQ composite (NASDAQ) shot upward 3 percent, from July 8 through July 23, even defying other market indexes that had down days in the same time period.
Cramer theorized on his July 23 show that the tech sector during that time period, despite the setback on July 24 in the wake of news that Microsoft (NASDAQ: MSFT) reported lower than expected earnings - because of government.
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Rein him in, lol. Good luck. Finally, a dem who 'gets it'.
Jim, if you peruse FR, a big Boo-yah!
No one at CNBC will admit it, but the stock market is going up because BO’s polls are going down. There ought to be some charts to illustrate that inconvenient truth.
Didn’t this @$$h*le vote for, and endorse, Obama?
He did. I would guess that he also contributed as well. Though I believe Hillary was his first choice.
Same thing happened to Clinton when the GOP won in 94 and it meant that his socialist policies would have no chance. The boom that followed, ironically, gave Clinton his second term, even though the credit belonged to the Congress.
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