Dow jumps above 8,000 for first time in 2 months

AP on Yahoo ^ | 4/2/09 | Madlen Read and Sara Lepro - ap

[pieceofthepuzzle]

So, the chance to make back part of what you lost, so that you can pay more in capital gains tax. Perfect..

[ClearCase_guy]

I figure Soros and his pals are manipulating things. Soros recently said (very loudly) that he was profiting from the decline. Probably a lot of other people decided to do the same — so Soros used ju-jitsu and positioned himself to profit from a rise and then watched the money come in.

[roses of sharon]

Please, can someone explain this to me because something is just not adding up here. Is the economy on the recovery?

Simple.....MSM propaganda....if this were GWB, omg...I could not image the doom and gloom reports.

[Pietro]

Fool’s Bull?

[ZULU]

It means alot for the globalists who created this mess and are rejoicing over the fact that American tax dollars are going to be bailing out the economies of other countries and more free wheeling free trade deals will be struck to the disadvantage of American workers, the American dollar, and our national security.

[palmer]

Markets are a leading indicator, jobs are a lagging indicator.

[manc]

foreclosures till going up
jobless report comes in worse than expected
Israel is saying they night have to sort Iran out
North Korea is about ti fire a missile
The tax cuts look to expire

and the market goes up

something fishy to me, is Soros manipulating the market again?

[demsux]

Just bought some SRS (ultrashort commercial real estate ETF)...this rally is not sustainable...nothing has changed except more unemployment.

[elc]

Bear market rally. Kinda like the last breath of a dying person.

I was going to metion the same thing. Aren't wild fluctuations, even over period of several weeks, indicative of Bear markets?

I'll believe we're in recovery when we see gradual/moderate gains in the market (and fewer job losses).

[manc]

read my other post on here if you get a chance

people losing homes and jobs, we have no money and yet the market is up?>>?????????????????????????????????????

yes I do think something is going on and someone or some are playing around with the market here

it doesn’t make sense with all the bad things going on

[ding_dong_daddy_from_dumas]

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

If you want to be in the market long term, you might want to wait to see how much Obama's agenda gets to spend, tax, and make disastrous policies like cap and trade.

[aft_lizard]

You aren’t too far off about what the libtards think though. They are using the DJIA bumps as evidence that his policies are working yet when I ask them to explain why the Dow hasn’t reached to where it was when he first took office they can only say it is Bush’s fault that it fell in the first place(ignoring Diarrhea mouth Geithners ineptness of course).

[manc]

my thoughts too

Soros and his ilk are manipulating the market like he has in the past.

all this bad news and yet the market goes up, nope not having it

[palmer]

Good time to sell, for those that haven't already.

Agreed, but also there was a good time to buy a few weeks ago. On Monday I had no idea if the rally would continue, but I thought it might. I was 50/50 cash then but I set triggers to pick up oil (BP) which finally hit at the open on Wednesday.

[wilco200]

Obama is still President
Trillions in taxpayer dollars still thrown down a rat hole
Trillion dollar deficits still in place
Retirement accounts still down 30-50%
Home values still in the toilet
Taxes going up and up

Don’t mind me if I don’t jump back in.

[jacjmm]

its going up because FASB finally eased the mark-to-market rules - the market has been hoping that would happen for awhile...

[Ghost of Philip Marlowe]

Because it's not a real recovery. As the decline in oil prices was good (I like cheaper gas), it was actually a sign of the troubled economy (less demand for energy because a drop in consumer demand and therefore manufacturing).

The spike on the Dow is by those global mega-corporations that tie their profits to the international arena. They don't care about US interests.

Also, this is all a pig circus. The economies of all these nations are controlled by the international banking cartel whose goal for a hundred years has been global socialism, run from a global, central bank, based on a global currency.

We are witnessing the sacrifice of a nation (the US) for one man's extremely narcissistic ego, his Marxist ideology, and controlled by the international banking cartel that controls the politicians.

I'm only surprised that the Dow jump is so disconnected from other economic indicators. Makes me wonder whose trading.

[manc]

makes me wonder who is trading too

[mikelets456]

“....Please, can someone explain this to me because something is just not adding up here. Is the economy on the recovery?
....”

Simple, remember all that money the FED and Gov’t released? I have a funny feeling that a lot of money is being poured into the market from, well in “fair” terms, non investors and at a certain point, very soon, billions will be withdrawn from the market thus securing our demise!

[reagan_fanatic]

The FedEx driver who picks up our packages has been coming early every day for about the last two months. He tells me there just isn’t that much for him to do - fewer packages and stops.

Thanks, Zero.