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View Full Version : General Politics Wall Street loves Obama!!


Mr. Krab
03-23-2009, 09:36 AM
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</th><th class="textcell">Mar 23 10:35am ET †</th><th class="change">Change</th><th class="perchange">%Change</th><th class="level">Level</th></tr><tr class="dividerline"><td colspan="5">http://i.cdn.turner.com/money/.element/img/1.0/misc/1.gif</td></tr><tr id="tablerow" class="rowcolor1"><td class="imgcell">http://custom.marketwatch.com/custom/cnnmoney-com/markets/images/clock-openmkt.gif</td><td class="textcell">Dow (http://javascript%3Cb%3E%3C/b%3E:GoURL%28dowURL,%27%27%29;)</td><td class="change">+270.00</td><td class="perchange">+3.71%</td><td class="level">7,548.38</td></tr><tr id="tablerow" class="rowcolor2"><td class="imgcell">http://custom.marketwatch.com/custom/cnnmoney-com/markets/images/clock-openmkt.gif</td><td class="textcell">NASDAQ (http://javascript%3Cb%3E%3C/b%3E:GoURL%28nasdaqURL,%27%27%29;)</td><td class="change">+47.91</td><td class="perchange">+3.29%</td><td class="level">1,505.18</td></tr><tr id="tablerow" class="rowcolor1"><td class="imgcell">http://custom.marketwatch.com/custom/cnnmoney-com/markets/images/clock-openmkt.gif</td><td class="textcell">S&P (http://javascript%3Cb%3E%3C/b%3E:GoURL%28sandpURL,%27%27%29;)</td><td class="change">+28.73</td><td class="perchange">+3.74%</td><td class="level">797.27</td></tr></tbody></table>
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whatsmynameagain
03-23-2009, 10:15 AM
dead cat bounce..
Posted via Mobile Device

Dave Lane
03-23-2009, 11:02 AM
His policies are obviously working!! The Dow is up disaster has been averted!!

Ultra Peanut
03-23-2009, 11:05 AM
Michael Wallstreet, that is!

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whatsmynameagain
03-23-2009, 02:04 PM
is this the end of america?
Posted via Mobile Device

googlegoogle
03-23-2009, 02:26 PM
Down still a little, right ? Keep up the good work.

http://ichart.finance.yahoo.com/z?s=%5EDJI&t=1y&q=l&l=on&z=l&p=s&a=v&p=s

whatsmynameagain
03-23-2009, 02:52 PM
the cat must be full of chinese condoms....TROJAN CAT OMGZZZ
Posted via Mobile Device

Jenson71
03-23-2009, 02:56 PM
The Weimar Republic is here!! There's little Hitler, crossing the Mexican border now. Five years ago he was rejected admission to NYU film school. He joined the American army to land on the fast-track to citizenship, but was dishonorably discharged and sent back home. Get out your wheelbarrows for a while.

Silock
03-23-2009, 03:07 PM
I made so much fucking money today. All of those Dow 6000 investments finally paid off.
w00t!

Now, go back down so I can do it again :)

BigRedChief
03-23-2009, 03:21 PM
up almost 500 points in one day.

Jenson71
03-23-2009, 03:25 PM
Why even bother people!! It's all going to become public property by 2012!! We are all SOCIALISTS NOW!! THEY'RE HERE!!! THEY'RE HERE ALREADY!!! YOU'RE NEXT!!!

Enjoy your quartered tenement you fools.

petegz28
03-23-2009, 03:27 PM
dead cat bounce..
Posted via Mobile Device

Actually it isn't. Though we are in a bear market rally, there was good news out today aside from the "bad bank plan". The "existing homeslaes" number came in better than expected and could possibly signal the begining of the end in the housing slump. That is what added the fuel to the fire for the rally today.

Plus we are breaking getting some key technical breakouts and such though we are still in a bear market.

HonestChieffan
03-23-2009, 03:33 PM
Wait till earnings reports reflect the savings from all the fired deadweight employees.

whatsmynameagain
03-23-2009, 03:37 PM
Actually it isn't. Though we are in a bear market rally, there was good news out today aside from the "bad bank plan". The "existing homeslaes" number came in better than expected and could possibly signal the begining of the end in the housing slump. That is what added the fuel to the fire for the rally today.

Plus we are breaking getting some key technical breakouts and such though we are still in a bear market.

dude, i was joking.....
Posted via Mobile Device

Mr. Flopnuts
03-23-2009, 03:45 PM
497 points today. Wow.

KC native
03-23-2009, 03:58 PM
Actually it isn't. Though we are in a bear market rally, there was good news out today aside from the "bad bank plan". The "existing homeslaes" number came in better than expected and could possibly signal the begining of the end in the housing slump. That is what added the fuel to the fire for the rally today.

Plus we are breaking getting some key technical breakouts and such though we are still in a bear market.

Exactly we are in a bear market and this is a short term tradable rally. Day to day movements in the markets are just noise.

The housing numbers are garbage though. I like Barry Ritholz for his ability to get below the headline and into the numbers. Here's a perfect example from today. Note the chart is from calculated risk which is a must read for everything housing related.


Existing Home Sales Fall 4.6%
Email this post Print this post
By Barry Ritholtz - March 23rd, 2009, 11:22AM

Home prices dropped 15% from the same period one year ago; Despite the price drop, sales fell 4.6%. How anyone can try to spin this as a positive is beyond my mathematical comprehension.

Even the NAR reported that “overall sales activity remains relatively soft,” as existing-home sales increased in February (month over month).

This was another weak housing report. Do not be fooled by the monthly gains, as we have been saying for 4 years now, as they are meaningless (see chart at bottom):

-Single-family home sales rose 4.4% to a seasonally adjusted annual rate of 4.23 million in February. They fell 4.6% from the 4.95 million-unit level of February 2008;

-Distressed properties accounted for 45% of all sales;

-Home foreclosures were up 30% in February from a year earlier;

-The national median existing-home price for all housing types was $165,400 in February, down 15.5 percent from a year ago.

-The median existing single-family home price was $164,600 in February, down 15% from a year ago

-Total housing inventory at the end of February rose 5.2% to 3.80 million existing homes available for sale, a 9.7-month supply at the current sales pace.

-The absolute number of homes for sale rose to 3.8 million from 3.6 million

-The West continued to see the biggest drops in prices due to foreclosures.

While there was a healthy increase in sales from January, a look at the non-seasonal data might be instructive: As expected, the gins are primarily seasonal in nature, with January the worst sales month of the year, and February the start of modest seasonal improvements.

>

Direckshun
03-23-2009, 04:24 PM
I think all the credit for this goes to Bush's tax cuts.

orange
03-23-2009, 04:33 PM
I think all the credit for this goes to Bush's tax cuts.

Absolutely!

Dave Lane
03-23-2009, 06:14 PM
Wait till earnings reports reflect the savings from all the fired deadweight employees.

I'm sorry to hear this I didn't realize you had been fired.

HonestChieffan
03-30-2009, 11:14 AM
I wonder if he stopped the recovery in time with this Auto move?

KC native
03-30-2009, 11:17 AM
I wonder if he stopped the recovery in time with this Auto move?

No, this latest rally was nothing more than a bear market rally. We went up 20% in 3 weeks and now we're going back down.

HonestChieffan
03-30-2009, 11:27 AM
Good things need to stay bad till he reengineers society.

HonestChieffan
03-30-2009, 11:28 AM
Good, things need to stay bad till he reengineers society.

Chief Henry
03-30-2009, 01:19 PM
Good, things need to stay bad till he reengineers society.

When will he be done _______ rigging it :deevee:

whatsmynameagain
03-30-2009, 03:15 PM
When will he be done _______ rigging it :deevee:

i bet u wipe ur ass with a corn cob, and like it
Posted via Mobile Device

Brock
03-30-2009, 03:16 PM
When will he be done _______ rigging it :deevee:

:rolleyes: you're all class.

Calcountry
03-30-2009, 03:46 PM
I wonder if he stopped the recovery in time with this Auto move?Hey Jenson, can you define Fascism for me?

Pitt Gorilla
03-30-2009, 04:11 PM
When will he be done _______ rigging it :deevee:What is he rigging? I guess I don't get it.

whatsmynameagain
03-30-2009, 04:54 PM
What is he rigging? I guess I don't get it.

henry is on the slow side, probably couldnt spell the word he wanted to type....henry is the byproduct of a sexual relationship between a father and daughter.
Posted via Mobile Device

BucEyedPea
03-30-2009, 05:03 PM
The Weimar Republic is here!! There's little Hitler, crossing the Mexican border now. Five years ago he was rejected admission to NYU film school. He joined the American army to land on the fast-track to citizenship, but was dishonorably discharged and sent back home. Get out your wheelbarrows for a while.

Not so fast! Weimar will take more time to come. There are also strong rallies even in a Bear market.

memyselfI
03-30-2009, 05:04 PM
Love??? Looks like a one night stand

memyselfI
03-30-2009, 05:06 PM
henry is on the slow side, probably couldnt spell the word he wanted to type....henry is the byproduct of a sexual relationship between a father and daughter.
Posted via Mobile Device

Lame. Given all of the stories of late about women forced to bear many children through incest by their fathers. :cuss:

J Diddy
03-30-2009, 05:13 PM
Lame. Given all of the stories of late about women forced to bear many children through incest by their fathers. :cuss:

You could cut and paste that response to virtually every negative thing said.