Dow rallies triple digits on string of deals ~~ November 6 2006...Pelosi saddened....

Marketwatch ^ | Last Update: 1:45 PM ET Nov 6, 2006 | Mark Cotton, MarketWatch

[Ernest_at_the_Beach]

NEW YORK (MarketWatch) -- U.S. stocks rallied Monday as upbeat Fed-official remarks on the economy and a string of deals led by a $3.7 billion takeover offer for Four Season Hotels Inc. propelled the Dow Jones Industrial Average to a triple-digit gain.

[Ernest_at_the_Beach]

An EXCERPT :**********************************

"I think we're seeing a carryover from Friday's economic news," said Michael Metz, chief investment strategist at Oppenheimer & Co., referring to a largely positive October employment report. "The feeling is that it is more and more unlikely that we have a recession."

Bolstering this view, Michael Moskow, the president of the Chicago Federal Reserve Bank said the U.S. economy should bounce back from the weak third quarter and average "somewhat below" a 3% real GDP growth rate over the next year. See full story.

[Smogger]

Looks like a boost from the latest GOP poll numbers.

[neodad]

IBRYMB!

[Ernest_at_the_Beach]

Dems are getting concerned:

Unease Spreading in Democratic Ranks

[maine-iac7]

Looks like a boost from the latest GOP poll numbers

if we can keep the cemetery gates locked, the illegals votes thrown out, ditto the double/triple voters, the nation will be shocked at how many fewer DimRat voters (legal) there really are. (After all, they've been aborting their progeny for decades. It may be coming back to haunt them.)

[jiggyboy]

Thank heavens that the rise is being attributed to a couple of rich guys buying restaurants that rich people go to. That's the kind of fundamental economic activity that directly affects Mr. and Mrs. America's pocketbook.

[Aquinasfan]

The Dems lose and Kerry gets blamed for it. We can only hope.

[Maneesh]

"Thank heavens that the rise is being attributed to a couple of rich guys buying restaurants that rich people go to. That's the kind of fundamental economic activity that directly affects Mr. and Mrs. America's pocketbook"

Yes but lot of Mr and Mrs America work at these hotels and if the evil rich Republicans did not go and eat $200 dinners a lot of these $12-$20/hr workers would not have jobs. Supply side economics works especially where the evil rich spend their money.

[maine-iac7]

Unease Spreading in Democratic Ranks

---

and Charlie Rangle said this morning that if they loose, he'll quit (One more reason for us to vote - let's see if a dimRat breaks the mold and actually keeps a promise.)

[Ernest_at_the_Beach]

Thread of interest:

Memorandum From RNC Chairman Ken Mehlman: Another Poll Confirms GOP Momentum

[wagglebee]

The markets tend to "know" election outcomes, that is not to say that they always prefer one party over another, but it's pretty clear that they are happy with GOP control. Higher taxes mean LESS MONEY available to be invested in the markets and LESS MONEY for people to spend on consumer items (which will be reflected in lower corporate profits).

[blondee123]

Will the Dow take a dive it the RATS win? Think about this & VOTE REPUBLICAN!

[jiggyboy]

Yes but lot of Mr and Mrs America work at these hotels

"A lot"!? This chain has 70 hotels/resorts in the world. That's my point exactly.

P.S.: don't tell anybody that oil is up a buck-fifty today. That's apparently a big secret.

[popdonnelly]

Some Dem will claim it's Wall Street optimism over the prospect of a Dem congressional victory.

[popdonnelly]

"and Charlie Rangle said this morning that if they loose, he'll quit"

It's a committee chairmanship or nothing for Charlie.

[Darkwolf377]

if we can keep the cemetery gates locked

LOL! That is awesome.

IF--a little word with a big meaning...

[Ernest_at_the_Beach]

From the Blogosphere and CQ:

November 06, 2006
A Look Inside That Pew Poll

******************AN EXCERPT ****************************

The closing statement

***************************

The theme of this poll is the attack on Democratic gains in this election cycle. The GOP has rolled back the Democratic intrusion onto Republican demographics, which leaves the field looking similar to 2004 and 2002. This race may hold some very unpleasant surprises for the Democrats in the House races if these numbers hold up or continue to erode over the next 40 hours.

Posted by Captain Ed at November 6, 2006 05:41 AM

[Eric in the Ozarks]

That would be some payoff.

[wagglebee]

Win or lose, sKerry is getting blamed (if they win, they will say that without sKerry's comments it would have been bigger). Hitlery's agenda is all about removed rival 'Rats, she could care less about the outcome of this election.

[wagglebee]

Dow is up 130 now heading into the final 40 minutes. No real movement or a rise tomorrow will be a clear sign of GOP victory.