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Stocks drift following mixed economic readings ('stimulated' market going nowhere fast)
AP on Yahoo ^ | 2/19/09 | Stephen Bernard and Tim Paradis - ap

Posted on 02/19/2009 8:59:19 AM PST by NormsRevenge

NEW YORK – Investors are sitting on the sidelines for a second day as they wait for signals about the direction of the economy.

Mixed economic readings are offering the market little guidance.

A private research group said its index of leading economic indicators has shown a surprise increase for January. But the Philadelphia Federal Reserve says conditions in the region's manufacturing sector have weakened this month.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Business/Economy; Extended News; News/Current Events
KEYWORDS: drift; mixed; readings; stocks
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1 posted on 02/19/2009 8:59:19 AM PST by NormsRevenge
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To: NormsRevenge

Dow broke 7500.


2 posted on 02/19/2009 9:00:11 AM PST by allmost
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I don’t know, maybe they are stimulused out ..

or maybe they just need some more stimulus.

It’s YOUR money!

You make the call.


3 posted on 02/19/2009 9:01:05 AM PST by NormsRevenge (Semper Fi ... Godspeed.)
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To: NormsRevenge
The votes are in on Obama’s program and they are thumbs down. The Market is down about 10% since he started revealing these giveaways.
4 posted on 02/19/2009 9:01:42 AM PST by TCats
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To: TCats

The bad thing is this is change over half the country voted for. :(


5 posted on 02/19/2009 9:02:24 AM PST by DonaldC
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To: allmost

Thanks!

Dow 7,516.84 -38.79 -0.51%
Nasdaq 1,459.22 -8.75 -0.60%
S&P 500 786.82 -1.60 -0.20%
Thursday, February 19, 2009, 11:55AM ET
U.S. Markets close in 4 hours and 5 minutes.


6 posted on 02/19/2009 9:02:46 AM PST by NormsRevenge (Semper Fi ... Godspeed.)
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To: NormsRevenge

Obama has been worse than I ever imagined. It’s still the first month of his term. God help us.


7 posted on 02/19/2009 9:02:58 AM PST by allmost
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To: DonaldC
The bad thing is this is change over half the country voted for. :(

No it isn't. They just voted for a smiley face who wasn't Bush.

8 posted on 02/19/2009 9:03:31 AM PST by rhombus
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To: TCats
The good news, of course, is that the New York Times is at a new all time low.
9 posted on 02/19/2009 9:03:33 AM PST by Mr. Lucky
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To: NormsRevenge

7490 and dropping fast at 12:03.


10 posted on 02/19/2009 9:04:14 AM PST by allmost
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To: allmost

Obama’s fault.


11 posted on 02/19/2009 9:04:20 AM PST by Salvation ( †With God all things are possible.†)
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To: DonaldC

The election of 2008 proved you can make idiot voters out of ignorant people by promising them lots of free stuff.

Just like you can call CO2 a pollutant if the people are dumb enough.


12 posted on 02/19/2009 9:04:28 AM PST by Tarpon (If you don't stand on principle, you stand for nothing at all.)
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To: DonaldC
Well. The REAL votes (i.e., The ones cast by the Markets) cannot be altered or influenced by things like ACORN and the Media although I'm sure Obama’s team is working on this minor complication.
13 posted on 02/19/2009 9:05:10 AM PST by TCats
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To: TCats

“The votes are in on Obama’s program and they are thumbs down. The Market is down about 10% since he started revealing these giveaways.”

You can fool people but you can’t fool money.


14 posted on 02/19/2009 9:05:55 AM PST by henkster (0bamanomics: "I'll loan you all the money you need to get out of debt.")
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To: Salvation

Absolutely.


15 posted on 02/19/2009 9:06:02 AM PST by allmost
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To: allmost

Yup, here we goooo..

Last update: 09:04 am PST -
Symbol Price Change
DJIA 7,485.06 -70.57 -0.93%
NASDAQ 1,453.96 -14.01 -0.95%


16 posted on 02/19/2009 9:06:04 AM PST by NormsRevenge (Semper Fi ... Godspeed.)
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To: Mr. Lucky
How much you want to bet that somewhere in the unread Stimulus Bill there is a lot of ‘Stimulus’ for the NYT and others who carried Obama’s water.
17 posted on 02/19/2009 9:07:06 AM PST by TCats
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To: allmost

A free-fall. How The nOne’s approval rating is still at 60% baffles me. A few more weeks of this and he’ll soon be below 50% as the honeymoon period ends.


18 posted on 02/19/2009 9:07:20 AM PST by Carling ("We've lost two people in my family because you dickheads won't cut trees down," - Warwick Spooner)
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To: NormsRevenge
7486 now ....

DJIA 6/9/1997 : 7478 ....

We haven't seen the Dow this low since 1997

That should tell you something right there.

19 posted on 02/19/2009 9:10:16 AM PST by Centurion2000 (01-20-2009 : The end of the PAX AMERICANA.)
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To: NormsRevenge

If DJIA closes below the previous low (7,552) that could be a strong bearish signal.


20 posted on 02/19/2009 9:12:08 AM PST by USFRIENDINVICTORIA
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