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Author Topic: USA Today: The Dow has rallied 17%...............  (Read 2643 times)

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Offline Crazy Horse

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USA Today: The Dow has rallied 17%...............
« 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

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sabra  (1000+ posts)        Mon Dec-01-08 11:06 AM
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USA Today: The Dow has rallied 17% during 5 day session since Obama economic news conference 
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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:

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rockymountaindem  (1000+ posts)      Mon Dec-01-08 11:07 AM
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1. Well, not today n/t
 


 :lmao:
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Offline JohnnyReb

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Re: USA Today: The Dow has rallied 17%...............
« Reply #1 on: December 01, 2008, 11:23:50 AM »
If it weren't for the democrats, it wouldn't need repair.
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Online jukin

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Re: USA Today: The Dow has rallied 17%...............
« Reply #2 on: December 01, 2008, 02:02:06 PM »
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.
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Offline Ralph Wiggum

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Re: USA Today: The Dow has rallied 17%...............
« Reply #3 on: December 01, 2008, 02:44:31 PM »
Then of course when the DOW plummets, it's back to blaming Bush. :whatever:

Like today:

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Offline Strider

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Re: USA Today: The Dow has rallied 17%...............
« Reply #4 on: December 01, 2008, 06:16:43 PM »
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...
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Offline Lord Undies

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Re: USA Today: The Dow has rallied 17%...............
« Reply #5 on: December 01, 2008, 06:21:37 PM »
DOW Failed To Rally The Other 83%
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Offline DumbAss Tanker

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Re: USA Today: The Dow has rallied 17%...............
« Reply #6 on: December 01, 2008, 06:47:13 PM »
JINX!!!

 :tongue:

 :rotf:
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Offline Chris_

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Re: USA Today: The Dow has rallied 17%...............
« Reply #7 on: December 01, 2008, 07:12:39 PM »
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)
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Offline Duke Nukum

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Re: USA Today: The Dow has rallied 17%...............
« Reply #8 on: December 01, 2008, 07:20:08 PM »
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.
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Offline Chris_

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Re: USA Today: The Dow has rallied 17%...............
« Reply #9 on: December 01, 2008, 07:24:35 PM »
Quote from: Duke Nukum on December 01, 2008, 07:20:08 PM
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?
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Offline Duke Nukum

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Re: USA Today: The Dow has rallied 17%...............
« Reply #10 on: December 01, 2008, 07:33:04 PM »
Quote from: freedumb2003 on December 01, 2008, 07:24:35 PM
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.
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Offline jinxmchue

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Re: USA Today: The Dow has rallied 17%...............
« Reply #11 on: December 02, 2008, 08:48:21 AM »
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Offline jinxmchue

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Re: USA Today: The Dow has rallied 17%...............
« Reply #12 on: December 02, 2008, 08:49:32 AM »
Quote from: 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

And it would've rallied even without Obama's news conference.
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