Posted on 04/02/2009 8:53:23 AM PDT by NormsRevenge
NEW YORK – Enthusiastic investors are buying up stocks again, sending the Dow Jones industrials above the 8,000 mark for the first time in nearly two months.
All the major indexes are soaring more than 3.5 percent ...
Financial stocks are leading the rally, following the relaxing of certain accounting rules that should help banks reduce losses. ...
.. The Dow has not risen above 8,000 since Feb. 10.
(Excerpt) Read more at news.yahoo.com ...
I’m sure that means a lot for the millions who have lost their jobs since Lord Zero began his reign of error.
Can we keep O out of the country for a little while longer?
He’s not here screwing things up
Figures. I shorted the Dow and S&P since Monday.
Must mean the recovery is on. Why am I skeptical?
I’m trying with my feeble little brain to figure out how the Dow is exploding up nearly 2000 points in a matter of weeks and yet we lost 3/4 of a MILLION jobs in one month.
Please, can someone explain this to me because something is just not adding up here. Is the economy on the recovery?
I’m not getting back into the market until three indicators of the overall enconomy go positive:
1) UPS / USPS shows two quarters of increasing shipping revenue
2) The number of jobs listed at Dice.com remains above 65,000 for three months
3) Consumer price index trends positive for two quarters
Dead cat bounce or a real rally?
Bear market rally. Kinda like the last breath of a dying person.
Why don’t we just pay them to keep him Permanently.
Obama’s faul..... oops, wait a sec.
But do we keep our resolve and keep our capital on strike?
Because the only thing that’s changed is they relaxed mark to market. Not that it shouldn’t have been changed, but it’s smoke and mirrors. Bottom lines of banks may look better for the “stress test” now, but if unemployment keeps increasing (which it is) and foreclosures rise, their easing of mark to market will give a rosier picture than a true measure of how things actually are with the banks and toxic assetts. And isn’t that what got us into this mess in the first place, LOL.
Look for a rally before the crash when the big players try to sell their holdings while the prices are up.
The hand of Obama passed over the Market...A sacrifice must be made!
Because every time there has been a rally this year, it goes back to where it started within 2 weeks.
An economy like our cannot recover with Socialism, it can only exhibit fleeting characteristics that look like a recovery.
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