The Conservative Cave
Current Events => The DUmpster => Topic started by: Crazy Horse on December 01, 2008, 10:58:07 AM
-
.........................during 5 day session since Obama economic news conference
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=132x7941025
sabra (1000+ posts) Mon Dec-01-08 11:06 AM
Original message
USA Today: The Dow has rallied 17% during 5 day session since Obama economic news conference
Advertisements [?]
http://www.usatoday.com/money/markets/2008-11-30-obama-...
President-elect Obama's actions perk up stock market
NEW YORK — President-elect Barack Obama hasn't even moved into the White House yet. But Wall Street is already showering him with praise for injecting confidence into the battered psyche of investors and working quickly to hatch a plan meant to jolt the economy out of its worst funk in decades.
A market that two weeks ago was desperate for political leadership and a clear strategy to repair the economy appears to have found it in Obama, who is fast emerging as a decisive economic commander in chief.
Stocks soared last week after Obama moved aggressively to fill the power vacuum until he's sworn in and demonstrated his commitment to dig the USA out of its economic rut.
The Dow has rallied 17% during its current five-session win streak — its best five-session run since 1932. The rallies coincided with Obama-related news and public appearances where he introduced his economic dream team and sent a clear message that he'll do whatever it takes to repair the economy.
Holy shit................good thing this was USA today and print media if this would have been a television reporter...........a word would have never been heard as their mouth was full................ :thatsright:
rockymountaindem (1000+ posts) Mon Dec-01-08 11:07 AM
Response to Original message
1. Well, not today n/t
:lmao:
-
If it weren't for the democrats, it wouldn't need repair.
-
Like alGore's hockey stick that is some mighty cherry picking of data. If one were to expand the time line to the day after the elections or even the day that Obama was assured selection of the democrat candidate the story is well....EXACTLY OPPOSITE.
-
Then of course when the DOW plummets, it's back to blaming Bush. :whatever:
Like today:
(http://chart.bigcharts.com/custom/cnnmoney-com/markets/big.chart?ClientID=44711&symb=djia&sid=1000001643&time=1dy&freq=5mi&type=256&mocktick=1&symbtype=0&country=US&rtsid=1000001643&style=2000&size=1&uf=8192&rand=298)
-
Anmd as soon as he opened his ****in mouth ,we saw the fourth largest point drop in history...
I got news for the dummies...from here on out it is all about the Messiah...
-
DOW Failed To Rally The Other 83%
-
JINX!!!
:tongue:
:rotf:
-
The fuhrer reads his handler's list of appointees, those with skin in the game don't trust him, the DJIA tanks, the MSM looks desperately around for excuses -- get ready for this merry-go-round until the fuhrer is out of office (there are a lot of real ways this could happen very soon)
.
-
I made a nice chunk of change on the Obama "Rally" that started the day after he was elected. Even a dead cat will bounce.
-
I made a nice chunk of change on the Obama "Rally" that started the day after he was elected. Even a dead cat will bounce.
Shorting everything?
-
Shorting everything?
Yep. Financials, home builders, and retail. Via puts.
My account made some nice gains today also. I sold out most of my positions in the rally and Friday I shorted retail again.
Fun, fun, fun. I can't wait until I know what I'm doing a little better.
-
JINX!!!
:tongue:
:rotf:
WHAT???
-
.........................during 5 day session since Obama economic news conference
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=132x7941025
And it would've rallied even without Obama's news conference.